The correct answer is Mandela is revered as the founder of South Africa's modern era. He was a key player in removing the oppressive government and bringing about democracy.
Former South African President Nelson Mandela (1918–2013) was a brave leader who committed his life to putting an end to apartheid and creating a free, multiracial, and democratic South Africa as well as, by example, a more equitable world. . Nelson Mandela spent 27 years in solitary confinement until being freed from jail in 1990. He then worked with State President F. W. de Klerk to negotiate the end of apartheid in South Africa, bringing peace to the racially divided nation and taking the lead in the global fight for human rights.
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The following are the trial balance and other information related to Soft Tech, a
consulting engineer.
Soft Tech, Consulting Engineer
Trial Balance
December 31, 2022
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 1,500
Supplies 3,920
Prepaid Insurance 2,200
Equipment 50,000
Accumulated Depreciation—Equipment 12,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 200,000
Rent Expense 19,500
Salaries and Wages Expense 61,000
Utilities Expense 2,160
Office Expense 1,440
Br. 332,420 Br. 332,420
Other data:
1. Fees received in advance from clients Br.12,000.
2. Services performed for clients that were not recorded by December 31,
Br.9,800.
3. Bad debt expense for the year is Br.2,860.
4. Insurance expired during the year Br.960.
5. Equipment is being depreciated at 10% per year.
6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1,
2022.
7. Rent of the building is Br.1,500 per month. The rent for 2022 has been
paid, as has that for January 2023.
8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020.
The general ledger account balances are shown in an adjusted trial balance following any revisions.
What is Adjusting Trial Balance ?A trial balance is a list of the ledger account closing balances at a specific point in time. An adjusted balance, on the other hand, is a list of general accounts and their current balances after the adjusting entries have been posted.
The adjusted trial balance is used to ensure that the financial accounts are correct. The adjusted trial balance is used to create the balance sheet, income statement, and cash flow statement.
Trial Balance (Adjusted)
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Supplies 3920
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Unearned Service Revenue 9,800
Salaries Payable 5020
Total Br. 377,680 Br. 377,680
Financial Statements
Income Statement for 2022
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Depreciation Expense 5,000
Bad Debt Expense 2,860
Insurance Expense 960
Total Expenses 97,880
Net Income 112,920
Statement of Owner’s Equity
Capital, January 1, 2022 104,020
Net Income 112,920
Dividend 34,000
Capital, December 31, 2022 150,940
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Chapter 13 Assignment: Distributing and Promoting Products
= 6 of 25
Total points: 3/25
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Attempts left
Prisha is a "rack jobber." She owns and stocks display racks in supermarkets, drugstores, and discount and
variety stores. Which of the following best describes the nature of Prisha's business?
Given that she concentrates on a certain kind of goods and caters to a particular demographic of merchants, this shows that she is a specialist wholesaler.
Specialist wholesalers will resell products in a specific industry or product category, but may have products from multiple suppliers. Because specialty wholesalers specialize in a specific industry or product type they tend to have good product knowledge and good pricing.
Wholesalers occupy a pivotal place in the marketing channel set-up. In most cases they perform several critical functions invaluable to the smooth flow of goods, ownership, finance, and information. This Pricha concentrates on a certain kind of goods and caters to a particular demographic of merchants, this shows that she is a specialist wholesaler.
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Identify the financial statement on which each of the preceding items would appear. If an item appears on mor
IS Income statement
SE
Statement of stockholders' equity
BS
Balance sheet
2. Accrued interest payable
The accrued interest payable would appear on the balance sheet. The balance sheet is a financial statement that reports a company's assets, liabilities, and equity at a specific point in time. The correct option is balance sheet.
The accrued interest payable is a liability that represents the amount of interest owed by the company but not yet paid. This liability would be included under the "current liabilities" section of the balance sheet, which reports the obligations that a company is expected to pay within one year.
In summary, the balance sheet is the financial statement where accrued interest payable would appear. It is important to note that financial statements provide valuable information to investors, creditors, and other stakeholders to evaluate the financial health of a company and make informed decisions.The correct option is balance sheet.
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How do I find a digital marketing services?
To find digital marketing services, you can follow several steps such as define your goals, research and compare, assess their services, etc.
Define your goals: Determine what you want to achieve with digital marketing, such as increasing website traffic or improving social media presence.
Research and compare: Look for reputable digital marketing agencies or freelancers online. Read reviews, testimonials, and case studies to assess their expertise and track record.
Assess their services: Check if the digital marketing service providers offer the specific services you need, such as search engine optimization (SEO), pay-per-click (PPC) advertising, social media management, content marketing, or email marketing.
Request proposals: Reach out to the selected digital marketing service providers and request detailed proposals. Ask about their strategies, timelines, pricing, and expected results.
Consider experience and expertise: Evaluate the agency's experience in your industry and their expertise in using various digital marketing channels and tools.
Communication and collaboration: Assess their communication skills and willingness to understand your business needs. Look for a provider that can collaborate effectively with your team.
Budget considerations: Compare the costs of different service providers and ensure they align with your budget and expected return on investment.
Select the right fit: After thorough evaluation, choose a digital marketing service provider that best matches your requirements, expertise, and budget.
Remember to conduct due diligence before finalizing an agreement and ensure the provider aligns with your long-term goals and values.
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
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Carrolton Oil and Gas, an independent oil and gas producer, is approved to use a 20% of gross in-come depletion allowance. The write-off last year was $700,000 on its horizontal directional drill wells. Determine the estimated total reserves in barrels if the volume pumped last year amounted to 1% of the total and the delivered-product price averaged $75 per barrel.
Answer: 5,000,000 barrels
Explanation:
First, we need to calculate the last year income which will be:
= $700,000 / 20%
= $700,000 / 0.2
= $3,500,000
Since the average price is $75, the total barrels sold last year was:
= $3,500,000 / 70
= 50,000 barrels
Since it's 1% of the total reserve, then the total reserve will be
= 50,000 / 1%
= 50,000 / 0.01
= 5,000,000 barrels
What is the interest expense on December 31?
The interest expense on December 31 of the first year is $5,250.
What is the interest expense on bonds?The interest expense for a bond that has the same coupon rate as the market rate is always the same for all periods of the bond.
This shows that the bond was issued at neither premium nor discount but at par.
Data and Calculations:N (# of periods) = 20
I/Y (Interest per year) = 7.5%
PMT (Periodic Payment) = $5,250 ($140,000 x 7.5% x 1/2)
FV (Future Value) = $140,000
Results:
PV = $140,000.00
Sum of all periodic payments = $105,000 ($5,250 x 20)
Total Interest = $105,000
SchedulePeriod PV PMT Interest FV
1 $140,000 $5,250 $5,250 $140,000
2 $140,000 $5,250 $5,250 $140,000
Thus, the interest expense on December 31 of the first year is $5,250.
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develop business ideas through brainstorming
1. Identify a business or product or service idea
2. how you came by the idea (Processes)
3. the challenges your group faced in coming up with the idea
4. why you believes in the chosen business or product or service idea (Prospects)
4. what you perceive to be the main challenges in pursuing the idea
5.how you can overcome the challenges explained in point 5 should you decide to pursue the chosen business
Before we launch a business venture, we first need an idea. The better our idea is, of course, the more successful your business can be.
What is a business idea?A business idea is a concept that can be used to make money and is usually centred on a product or service that can be sold for money. An idea is the first step towards establishing a successful business. Innovative and unique are two characteristics of a promising business idea.
Developing a good business idea begins with finding one. The six steps that turns a business idea into success is as follows:
Generate some ideasSelect the best idea Research your idea Refine your ideaTest your ideaIdentify your marketTherefore, follow the above process for a creating a successful business idea.
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identify the ethical issue in context of the debate regarding market allocation of water resources
The primary ethical issue with regard to market allocation of water resources is the human disregard for the intrinsic value of water.
What are the ethical issues relating to Water?
The ethical issues relating to water are:
Controlling the loss and contamination of drinkable water is a major issue around the world because, given the current population growth rate, the rate of contamination or loss must not exceed the ability of the natural water source to cleanse itself.
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4. To be effective, goals should follow the SMART framework. Explain what this means. (2) 5. Assume that you are Greg Solomon. You wish to set a goal regarding selling a healthy/healthier food dish for McDonald's. Describe the steps in the planning process to achieve this goal. Set the goal using SMART criteria. Make up your own details. (6)
Specific, measurable, attainable, pertinent, and time-bound are all components of the acronym SMART. • Detailed - The objective explains what will be done in detail so that anybody reading it may comprehend it. who will perform it, etc. Measurable objectives specify how the action will be evaluated.
How well do your goals follow the SMART methodology?The tried-and-true SMART approach can help you plan and reach your goals. There are numerous interpretations of the acronym, but the most prevalent one is that it indicates that goals should be SMARRT (Specific, Measurable, Achievable, Relevant, and Time-bound).
How can someone set and achieve objectives with the help of the SMART goal-setting method?With SMART goals, you increase your chances of success by making objectives specific, measurable, achievable, reasonable, and timely. You are motivated to take on more, given a sense of purpose, and assisted in planning and completing your goals by the SMART method.
If you choose to set one for yourself, think about using the SMART phases to assist you in achieving it:
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Last year you paid $24 for a round of golf and $12 to rent a golf cart. This year it cost you $33 to golf and $15 to rent a cart. Based on this simple basket of goods, calculate a price index for this year using last year as the base year. Round up to the nearest whole number.
Answer:
$133.33
Explanation:
In the above , the base price which is meant to the the last year price would be;
T = $24 + $12
T = $36
This year, the total cost, which is C
C = $33 + $15
C = $48
The consumer price index per the above question is calculated as;
Price index = (Current price / Base price period) × 100
Price index = (48 / 36) × 100
Price index = $133.33
Mr. D is the manager of a local walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day walgreens receives shipments from pepsi, evian, hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is mr. D using at walgreens to reduce his costs?.
The system is mr. D using at walgreens to reduce his costs is just in time inventory.
What is just in time inventory?JIT, or just-in-time inventory management, involves only ordering products from vendors when they are actually needed. This approach's primary goals are to lower the cost of keeping inventory and boost inventory turnover.With a just-in-time (JIT) inventory system, a business receives products as close as feasible to the moment they are actually required. As a result, if an auto assembly facility wants to install airbags, it doesn't maintain a supply on hand; instead, it gets them as the cars are put together.In conclusion. When used properly, JIT inventory can be a terrific method to reduce costs and boost productivity.
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1. All other things equal, according to the law of demand, when the price of a good falls, ________.
the demand for the good falls
the demand for the good rises
the quantity demanded of the good falls
the quantity demanded of the good rises
2. When a market is in equilibrium, the quantity of the good that buyers are willing and able to buy ________.
exactly equals the quantity that sellers are willing and able to sell
cannot be determined
is less than the quantity that sellers are willing and able to sell
is greater than the quantity that sellers are willing and able to sell
3. Which of the following factors does NOT influence the demand for a good or service?
Consumer (buyer) income
The price of related goods
The number of sellers
Buyer expectations
4. When the number of sellers in a market increases, ________.
demand rises
supply rises
the price rises, all else equal
the number of buyers falls
According to the law of demand, when the price of a good falls, the quantity demanded of the good rises. This is because consumers are more willing to buy the good at a lower price, resulting in an increase in the quantity demanded.
When a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell. This means that there is no excess supply or demand in the market, and the price of the goodwill remains stable at the equilibrium price.
The number of sellers is not a factor that influences the demand for a good or service. The demand for a good or service is influenced by factors such as consumer income, the price of related goods, buyer expectations, and other factors that affect consumer preferences and behavior.
When the number of sellers in a market increases, the supply of the good or service will also increase. This can lead to a decrease in the price of the good, as sellers compete to attract buyers. However, the increase in supply may also lead to an increase in demand, as the availability of the good or service increases and more buyers become interested in purchasing it.
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This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2012, and was used 27,000 hours in 2012 and 26,000 hours in 2013. Refer to Fabian Woodworks. If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment
Answer:
The correct answer is $0.10 per hour
Explanation:
According to the scenario, the calculation of the depreciation rate per hour using the units-of-production method is as follows
= (Purchase cost - estimated residual value) ÷ (estimated hours of operation)
= ($12,000 - $2,000) ÷ (100,000 hours)
= ($10,000) ÷ (100,000 hours)
= $0.10
hence, the depreciation rate per hour for the equipment is $0.10
Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Subject matter expertise is she concerned with.
What is supply chain?A supply chain transforms raw materials and elements into a finished product that's provided to a customer. It is created up of a complex network of organizations and movements, such as raw materials suppliers, manufactories, distributors, retailers, and the customer. A supply chain directs the network of organizations, individuals, activities, information, and resources concerned with delivering a product or service to a consumer.
Supply chain management exists as the practice of coordinating the different activities essential to produce and deliver goods and services to a business's customers. Examples of supply chain activities can contain designing, farming, manufacturing, packaging, or transporting. The subject matter expertise(SME) furnishes the knowledge and expertise in a distinct subject, business area, or technical location for a project/program.
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Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain decisions are made that affect her part of the supply chain. Which area is she concerned with?
Select an answer:
subject matter expertise
professional networking
knowledge of context
supply chabu language
At the end of its annual accounting period, the company must make three adjusting entries.
a. Accrue salaries expense.
b. Adjust the Unearned Revenue account to recognize earned services revenue.
c. Record services revenue earned for which cash will be received the following period.
For each of these adjusting entries, indicate the account to be debited and the account to be credited.
a. Debit
a. Credit
b. Debit
b. Credit
c. Debit
c. Credit
There are four different sorts of accounts that require adjusting. They are deferred revenues and expenses as well as accumulated revenues and expenses. Money earned during one accounting period but not received until another is referred to as accrued revenue.
What is accounting?Accounting is the activity of keeping records of a company's financial transactions. Journal entries are how the accountants condense the transactions. In bookkeeping, these entries are utilized.
According to the rules set forth by the auditors and other governing agencies, the accountants create the books of accounts. The accountants may adhere to IFRS (International Financial Reporting Standards) or generally accepted accounting principles (GAAP)
An analyst can gain a good picture of the company's financial status by reading the book of accounts. Therefore, the book of accounts is required to determine the firm valuation for publicly traded corporations.
The financial statements of a big company provide an overview of its operations, financial situation, and cash flows during a specific time period.
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what is e-commerce ? definition
Answer:
Ecommerce, or electronic commerce, is a term that’s used often in sales discussions these days. Product sellers and service providers can increase sales through online commerce and boost revenue with ease. Selling online is a popular sales method, worldwide.
Explanation:
Hope it helps!
Difference between general environment and industry environment
Answer:
The general environment and industry environment are two different types of external environments that organizations operate in. The general environment refers to the broader external factors that can affect any industry or organization, while the industry environment is specific to the industry in which a company operates. Here are some key differences between the two:
Scope: The general environment encompasses a wide range of factors, such as economic, technological, legal, political, and social factors, that can impact any industry. On the other hand, the industry environment focuses specifically on the factors that affect a particular industry, such as competitors, customers, suppliers, and regulatory agencies.
Level of influence: The general environment tends to have a broader and less direct influence on organizations, while the industry environment has a more direct and immediate impact on a company's operations and competitiveness. For example, changes in consumer trends or government policies may affect many industries, while a new competitor or a change in supplier prices can have a more direct impact on a company's bottom line.
Degree of control: While organizations have little control over the general environment, they may have more control over their industry environment. Companies can take actions such as partnering with suppliers or differentiating their products to try to gain a competitive advantage in their industry.
Strategic implications: Understanding both the general and industry environment is critical for developing a successful business strategy. Companies need to be aware of the broader trends and changes in the general environment that may affect their industry, as well as the specific competitive factors within their industry that can impact their success.
Explanation:
The political candidates keep talking to the citizens about the possibility of a recession what would most likely happen if a country experience a recession
The thing that would MOST likely happen in this case if a country experiences a recession is D.Businesses will suffer from decreased sales and profits, eventually leading to closure
What is recession ?Recession, in economics, can be described as the downward trend in the business cycle.
Itshouldbe nopted that this can be seen as the decline in production and employment, whereby the incomes and spending of households to decline and as a result of thisthere would be hunger sa well as hardship in the country for this cause.
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missig part
What would MOST likely happen if a country experiences a recession?
A.
Feeling confident in the economy, people will begin to spend money more freely.
B.
Jobs will be more plentiful, and companies will be doing a lot of hiring.
C.
Families will start to purchase larger and more expensive homes.
D.
Businesses will suffer from decreased sales and profits, eventually leading to
Martin Services Company provides its employees vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $49,000 for the period. The pension plan requires a contribution to the plan administrator equal to 6% of employee salaries. Salaries were $500,000 during the period. a. Provide the journal entry for the vacation pay. b. Provide the journal entry for the pension benefit.
Answer:
a. Provide the journal entry for the vacation pay
Debit Vacation and Holiday expense $49,000
Credit Vacation and Holiday payable $49,000
(To record earned Vacation and Holiday expenses)
b. Provide the journal entry for the pension benefit
Debit Pension expense $30,000
Credit Pension liability $30,000
(Being pension benefit recognition)
Explanation:
The earned vacation and holiday expense has to be recognized in line with the accrual principle of accounting.The pension benefit was also recognized in line with the accrual principle of account. The pension plan is a contribution of 6% of employee salaries, which amounted to $500,000. So, 0.06 x 500,000 = $30,000.Equilibrium is reached when what occurs?
quantity supplied equals quantity demanded
there is no change in the quantity supplied
price increases
prices are inelastic
Equilibrium is reached when quantity supplied equals quantity demanded in a market. Therefore, the correct option is A.
Equilibrium means that the quantity of a product or service that producers are willing to supply matches the quantity that consumers are willing to buy at a given price. At equilibrium, there is a balance between supply and demand, and there is no inherent tendency for prices to change.
In an equilibrium state, the market clears, meaning that there are no excess supply or excess demand conditions. Producers are supplying exactly what consumers are demanding, and there is no pressure for prices to increase or decrease.
Thus, the ideal selection is option A.
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Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales tax on the machine. It cost $3,000 to ship the machine to Intel's plant. Intel paid an additional $1,500 to have the machine installed and tested for initial use. Each month, the machine requires $1,000 worth of oil and supplies to keep running. What is the machine's original cost basis (also called book value) that the firm records on the balance sheet
Answer:
$110,000
Explanation:
Calculation for What is the machine's original cost basis that the firm records on the balance sheet
Machine's Original cost basis
Machine Cost $100,000
Add Sales Tax $7,000
Add Shipping Cost $3,000
Machine's Original cost basis $110,000
($100,000+$7,000+$3,000)
Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000
Suppose that a restaurant uses a focus group of regular customers to determine how many customers would buy a proposed new menu item at various prices. Can this information be used to estimate an inverse demand function? A demand function? Explain briefly. Would it be possible to use a focus group to generate data that could be used to estimate a demand function that includes both price and income as explanatory variables?
The information can be used to estimate an inverse demand function and a demand function as E. the demand curve, and the inverse demand curve can be calculated from it.
A demand function with price and income as explanatory variables can be generated from the focus group by capturing buying pattern data at different prices and levels of income.
It should be noted that a demand function simply shows the relationship that exists between the quantity demanded and price. Based on the question, using a demand function can be computed easily since quantity is a function of price.
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Four types of policy violations defeating legality requirement are...
Group of answer choices
Contracts that Involve any Covenants Not to Compete, Contracts that include any exculpability clause, contracts that are about marriage,
Contracts against Marriage, Contracts Obstructing Justice, Contracts that are Unconscionable, Contracts that cause restraint of trade
Contracts that violate statutes, Contracts that violate administrative rules, Contracts that violate ordinances
None of the choicesFour types of policy violations defeating legality requirement are...
Group of answer choices
Contracts that Involve any Covenants Not to Compete, Contracts that include any exculpability clause, contracts that are about marriage,
Contracts against Marriage, Contracts Obstructing Justice, Contracts that are Unconscionable, Contracts that cause restraint of trade
Contracts that violate statutes, Contracts that violate administrative rules, Contracts that violate ordinances
None of the choices
Four types of policy violations defeating legality requirements are Contracts against Marriage, Contracts Obstructing Justice, Contracts that are Unconscionable, and Contracts that cause restraint of trade. Thus, option B is the correct option.
A termination arising from the conduct of any act or acts that breach the Standards of Business Conduct is referred to as a Policy Violation. When a user reports an expense using information that contravenes the company's policies, this becomes a policy violation.
An admin-created policy will immediately apply to all costs once they have allocated users to it. Excessive spending will be marked as policy breaches in the user's reports and expenses.
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A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the cost of goods sold?
Answer:
COGS= $130,000
Explanation:
Giving the following information:
A retail operation has an average gross margin of 35%.
Sales= $200,000.00
To calculate the cost of goods sold, we need to use the following formula:
Gross margin= sales - COGS
COGS= sales - gross margin
COGS= 200,000 - (200,000*0.35)
COGS= $130,000
suppose an increase in the level of migration increases the supply of labor at any wage. the labor supply curve
If immigration increases supply of labor, then at given wage, the supply of labor will increase. This will cause the labor supply curve to shift to right. This will cause excess labor supply at given wage and thus, wages will decrease.
If the wages are sticky, the joblessness rate will increment in light of the fact that the at given wage the interest for work will be not exactly the stockpile.
Immigration affects the labor supply, as it builds the pool of laborers in specific areas of the economy. Simultaneously, movement is probably going to build the interest for work, as travelers grow customer interest for specific labor and products.
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This question is not complete, Here I am attaching the complete question:
Suppose an increase in the level of migration increases the supply of labor at any wage. The labor supply curve . If wages freely adjust, then the wage will . If wages are sticky, then the unemployment rate will .
Outsourcing can give short term
Short-term outsourcing is available and may provide you quick fixes and immediate resolutions, you have to see outsourcing as a business partnership that can last beyond a decade. Quick fixes, after all, are incapable of producing long-term rewards.
A company function or any particular business activity may be outsourced to specialist organizations. The corporation often outsources the non-core functions like sanitization, security, home, pantry, etc. The business and the agency enter into a legal contract.
The necessary personnel are then provided to the firm by the agency. The agency bills the business for their services and reimburses them by paying their workers' salaries. Outsourcing is on the rise as a result of global competition. Companies may enhance their profitability and improve the quality of their products by concentrating on their core competencies with the aid of outsourcing.
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An indirect distribution channel uses agents, wholesalers, and/or retailers.
Question 6 options:
True
False