The following events apply to Lewis and Harper, a public accounting firm, for the 2016 accounting
period:
1. Performed $70,000 of services for clients on account.
2. Performed $40,000 of services for cash.
3. Incurred $36,000 of other operating expenses on account.
4. Paid $10,000 cash to an employee for salary.
5. Collected $47,000 cash from accounts receivable.
6. Paid $16,000 cash on accounts payable.
7. Paid a $8,000 cash dividend to the stockholders.
8. Accrued salaries were $2,000 at the end of 2016.
Required
a. Show the effects of the events on the financial statements using a horizontal statements model like the following one. In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. The first event is recorded as an example. (Enter any decreases to account balances and cash outflows with a minus sign.)
a. LEWIS AND HARPER
Statements Model
For Accounting Year 2016
Event No. Assets = Liabilities + Stockholders' Equity Income Statement Statement of Cash Flows
Cash + Accounts Receivable = Accounts Payable + Salaries Payable + Retained Earnings Revenue – Expense = Net Income
1. + 70,000 = + + 70,000 70,000 – = 70,000 NA
2. + = + + – =
3. + = + + – =
4. + = + + – =
5. + = + + – =
6. + = + + – =
7. + = + + – =
8. + = + + – =
Totals + = + + – =
b. What is the amount of total assets at the end of 2016?
c. What is the balance of accounts receivable at the end of 2016?
d. What is the balance of accounts payable at the end of 2016?
Answers
Answer:
Explanation:
Assets Liabilities Income statemment
Event Cash Accounst receivable Accounts Payable Salaries Payable Reatined earnings Revenue Expenses Net Income Statement of Cash Flows
1 $70000 70000 70000 70000 NA
2 40000 40000 40000 40000 40000 OA
3 36000 -36000 - 36000 -36000 NA
4 -10000 -10000 10000 -10000 -10000 OA
5 47000 -47000 0 47000 OA
6 -16000 -16000 0 -16000 OA
7 -8000 -8000 0 -8000 FA
8 2000 - 2000 -2000 NA
Total 53000 23000 20000 2000 56000 110000 0 48000 62000 53000
ans c ans d
Total assets 53000+23000 76000
Related Questions
To maintain financial stability in the country with reduction in deficit, Govt gets help from different international financial institutions. Discuss the different pragmas introduced by IMF, World bank, Asian development bank and Islamic development bank for Pakistan.
Answers
Answer:
Pakistan is an under developed country. The resources here are sufficient but the main constraint which hinders the country progress is heavy debt burden on it. The country is struggling to become developed as other nations in the world. Pakistan is insufficient in financial resources and all the money which country generates is offset by the interest on the debt.
Explanation:
There are times when the country has to approach different financial aid institutions in the world for the money. IMF is one of the major financial aid institution which provides finance for developing country. Pakistan has approached IMF many times and it has imposed certain covenants on the country to provide financial aid. The tax imposition, restrictions on usage of fund, military and defense restrictions are imposed on Pakistan.
For cost of capital purposes, the firm should always consider reinvested earnings as the first source of capital – i.e. use these funds first- because reinvested earnings have no cost to the firm.
A. True
B. False
Answers
Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note, the 1st quarter is Jan, Feb, and Mar; 2nd quarter Apr, May, Jun; 3rd quarter Jul, Aug, Sep; and 4th quarter Oct, Nov, Dec.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Last year 130 150 155 215 225 230 175 165 155 230 255 280
This year 155 155 205 220 245 250
Answers
Answer:
665
Explanation:
The computation fo the demand expected for the third quarter is as follows:
Oct 230
Nov 255
Dec 280 sum 765
Jan 155
Feb 155
March 205 sum 515
April 220
May 245
June 250 sum 715
Mow the third quarter moving average is
= (765 + 515 + 715) ÷ 3
= 665
Single Choice
3) When should you say Thank you' to Guests?
O When you ask your Guest to do something.
O When they give you something like payment.
When a Guest asks you a question.
When you ask for their payment.
Answers
The time that you have to say thank you would be When you ask your Guest to do something.
When to say thank you to guestsYou should say "Thank you" to guests in various situations to express your gratitude and appreciation.
When they give you something like payment: It is customary to say "Thank you" to guests when they provide you with payment for your products or services.
When you ask your guest to do something: If you ask a guest to do something for you, such as filling out a survey or providing feedback, it is polite to thank them for their time and effort.
When a guest asks you a question: If a guest asks you a question, it is a sign that they are interested in your business or product. Thanking them for their inquiry can help build rapport and goodwill.
When you ask for their payment: When requesting payment from a guest, it is courteous to express your appreciation for their business and thank them for their payment.
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Identify what constitute the combination of traits, which result from the interaction of genes and environment.
O personality
O locus of control
O ethnocentrism
O perception
Answers
Answer:
Personality
Explanation:
the combination of traits, which result from the interaction of your genes and your environment, they constitute your personality.
The personality from the interaction of genes and environment.
What is combination of traits?It could involve anything from managing a team of people to swaying opinions and guiding an organization's development.
Whatever your personal definition of leadership may be, we can all agree on one thing: Great leaders regularly exhibit certain characteristics as opposed to mediocre ones.
Effective leaders play a critical role in ensuring that people are inspired, engaged, and properly prepared to provide their best work at all levels of a business.
Therefore, The personality from the interaction of genes and environment.
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Which of the following statements is TRUE? Group of answer choices Dependent demand is directly related to the demand of other stock-keeping units (SKUs) and can be calculated without needing to be forecasted. When using ABC analysis, C items require close control by operations managers as they account for a large dollar value but a relatively small percentage of total items. Stockouts occur in a fixed-quantity system (FQS) whenever the lead-time demand exceeds the replenishment level (M). Inventory is any physical asset held for future use or sale.
Answers
Answer:
A). Dependent demand is directly related to the demand of other stock-keeping units (SKUs) and can be calculated without needing to be forecasted.
Explanation:
The first statement asserts a true claim as it correctly states that 'dependent demand is promptly associated to the demand of further SKUs and therefore, it can be measured without requiring any prediction.' Dependent demand is characterized as a demand that is reliant on the other products' demand. This is why such demands are directly influenced by a rise or fall in the other products' demand and this is the reason due to which dependent demand can be calculated easily without any prediction because it will observe a similar impact as its associated product would face. Thus, option A is the correct answer.
908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
Answers
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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Jones, Smith, and Black formed a corporation with authorized voting common stock of $200,000. Jones received 20% of the capital stock as payment for $40,000 of legal services performed related to the corporation's organization. Smith and Black transferred property in exchange for stock as follows:
Adjusted
basis FMV Percentage of stock acquired
Smith $15,000 $20,000 10%
Black 90,000 140,000 70%
What is each shareholder's basis in the stock received?
Jones Smith Black
A. $0 $15,000 $90,000
B. $0 $40,000 $140,000
C. $40,000 $15,000 $90,000
D. $40,000 $20,000 $140,000
Answers
C. $40,000 $15,000 $90,000 each shareholder's basis in the stock received.
The adjusted basis is the foundation of calculating the capital gain when a shareholder sells the stock. In this case, Jones, Smith, and Black formed a corporation with authorised voting common stock of $200,000. Each shareholder's basis in the stock received is $40,000, $15,000, and $90,000 respectively.Option A is incorrect.
Jones has a basis of $40,000, Smith has a basis of $15,000, and Black has a basis of $90,000. Option B is incorrect. Jones has a basis of $40,000, Smith has a basis of $15,000, and Black has a basis of $90,000.Option C is correct.
Jones has a basis of $40,000, Smith has a basis of $15,000, and Black has a basis of $90,000.Option D is the incorrect answer. Jones has a basis of $40,000, Smith has a basis of $15,000, and Black has a basis of $90,000.
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The ability to connect to the internet through a modem using the same wires that transmit cable television was an example of a _____ when it was first introduced.
Answers
who is a true chicken warrior
Answers
Answer:
anyone who deems themselves a chicken and the best warrior
Explanation:
they will head to the chiken k,astle for the tasiest chicken wqarrior soup and fitght the emporor chicken gor the title chickdn warrior
Q2. Describe three roles of the Government in a Planned or Command Econom
What are some of its function?
Answers
Answer:
Three roles of government in a planned economy:
*Planning economic activity: in a planned or command economy, the government actually plans the economy, in the sense that it determines the amount of goods and services to be produced an distributed over a period of time. In the Soviet Union for example, this period of time was of 5 years.
*Owning businesses: in planned or command economies, most or all firms are public, since private property usually does not exist in this type of economices. These firms tend to have a high degree of government control, where directly in the form of government ownership, or indirectly.
*Setting prices: a key characteristic of a planned economy is that prices are set beforehand. They are not left for the market to decide.
Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. what is the hurdle rate? With Explanation
Answers
If Estate has an ROI of 16% based on revenues of $400,000. the residual income is $14,000 and the investment turnover is 2. The hurdle rate is 9%.
How to find hurdle rate?First step is to find the investment turnover using this formula
Investment turnover=Sales/invested capital
Investment turnover = ($14,000 / $400,000) × 2
Investment turnover = 0.035 × 2
Investment turnover =0.07
Second step is to find the hurdle rate using this formula
Hurdle rate = ROI - Investment turnover
Hurdle rate = 0.16 - 0.07
Hurdle rate = 0.09× 100
Hurdle rate = 9%
Therefore the hurdle rate is 9%.
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Williams Auto has a machine that installs tires. The machine is now in need of repair. The machine originally cost $11,400 and the repair will cost $2,400, but the machine will then last two years. The labor cost of operating the machine is $0.50 per tire. Instead of repairing the old machine, Williams could buy a new machine at a cost of $6,400 that would also last two years; the labor cost would then be reduced to $0.25 per tire. Williams expects to install 11,400 tires in the next two years.
a. Determine the total (two-years) cost for both repairing and replacing the machine.
Answers
Williams should repair the machine because the total cash flow in repair is less than replacement.
What is labor cost?The overall expense incurred by employers to employ workers is represented by labor costs.
Williams Auto has a machine that installs tires. The machine is now in need of repair but it will last only two years. The labor cost of operating the machine is $0.70 per tire. Instead of repairing the old machine.
1. Total cost of Repair = Repair cost + Operating cost
= $1,700+10,700*$0.70
= $1,700 + $7,490
= $9,1902.
2. Total cost to replace = Repair cost + Operating cost
= $5,700+10,700*$0.5
= $5,700+$5,350
= $11,050
Therefore, Williams should repair the machine.
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I'll have to investigate fraud once a person notifies them in writing that their information is an accurate
Answers
I'll have to investigate fraud once a person notifies them in writing that their information is an accurate and it does not show on records
How to investigate fraudIf an individual notifies in writing that their information is accurate and there are no indications of fraud, a fraud investigation may not be necessary. Instead, the focus should be on verifying the accuracy of the information and addressing any discrepancies through a verification or reconciliation process.
It is essential to communicate with the individual, update records if necessary, and maintain proper documentation. However, if fraud suspicions arise during the verification process or if the person later reports suspected fraud, a fraud investigation should be initiated following appropriate procedures.
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Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options
Answers
A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
Group of answer choices
$3,200
$6,400
$4,800
$8,800
Answers
If a company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend is D. $8,800.
How to find the amount transferred from the retained earnings account ?Since the stock dividend is 2%, the number of additional shares issued would be:
= 40,000 * 2%
= 800
Total market value of the 800 additional shares:
$11 * 800 = $8,800
Therefore the correct option is D.
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The information on the job application should be consistent with which of the following?
Resume only
Resume and cover letter
Resume,cover letter and social media profiles only
Resume cover letter social media profiles and interview answers
Answers
Answer:
Resume and cover letter should be the only things you will need normally employers don't ask for any social media it also depends of the job you're applying for if it's a high end job 9 times out of 10 they will go through your social medias but won't request them on your application.
Explanation:
comment if i misunderstood I'll be happy to help
Answer:Resume and cover letterrr
Explanation:
You are to receive a cash flow of $1,500 two years from now. Once received, you will invest the money and earn a 10.5% return. What is the value of the investment in year 5?
Answers
Answer:
$2,471.17
Explanation:
The value of the investment in 5 years time from the day of investment is known as the Future Value.
The Future Value is calculated by compounding the Principle Amount (amount invested) using the effective interest rate.
We can determine the Future Value using a Financial Calculator as follows :
PV = - $1,500
PMT = $0
P/YR = 1
N = 5
I = 10.5%
FV = ??
The Future Value (FV) is $2,471.17
Thus,
the value of the investment in year 5 is $2,471.17
Cinemas are raising the price of popcorn. Demand for field corn, used for animal feed, corn syrup, and ethanol, has increased and its price has exploded. Some farmers have shifted from growing popcorn to easier-to-grow field corn.
Answers
The effect that the shift from the growing of popcorn would have in the cinema is that there would be a decrease in the supply of popcorn in the cinemas this would be reflective in the price which would rise.
How does supply affect price?When there is a low supply in the particular product, then we can say that there is a scarcity of that product. This would cause the price of the product to rise in the market.
This would also lead to the fall or decrease in the demand for popcorn in the market. this would further cause a decrease in the quantity of movie tickets that are bought in the market.
The factor that is responsible for this is the fact that movie tickets and popcorn are complementary goods.
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complete question
Popcorn Movie” Experience Gets Pricier
Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup, and ethanol, has increased and its price has exploded. That’s caused some farmers to shift from growing popcorn to easier-to-grow field corn.
Source: USA Today, May 24, 2008
Explain and illustrate graphically the events described in the news clip in the market for
Popcorn
Movie tickets
*Will mark as brainliest if correct answer is given!*
A consolidation of Medicare Parts A and B benefits so that all claims would be processed by one organization is known as:
a. Medicare administrative contractors
b. management service organizations
c. health care fraud prevention and enforcement action team
d. Medicare shared savings program
Answers
Answer:
[A] Medicare administrative contractors
Explanation:
A consolidation of Medicare Parts A and B benefits so that all claims would be processed by one organization is known as:Medicare administrative contractors.
The consolidation of Medicare Parts A and B benefits, where one organization processes all claims, is referred to as "Medicare administrative contractors" which helps in improving the administration and efficiency of Medicare services.
A consolidation of Medicare Parts A and B benefits where all claims are processed by one organization is known as "Medicare administrative contractors."
These contractors are responsible for the administration and processing of claims for Medicare services, streamlining the process and improving efficiency in handling Medicare benefits.
Hence, the correct answer is a. Medicare administrative contractors.
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2. Discuss innovation as an entrepreneurial trait and the role of innovation in Wow Momo's
success.
Answers
Your study will prepare you for the future as an entrepreneur or global business leader with a technology focus that can exploit new trends and emerging markets. You’ll be equipped with a deep
How do I journalize " owner borrowes $125000 to fund/start business with 5 year term"?
Answers
The journal entry for borrowing money to start a business is:
Date Account Title Debit Credit
XX-XXXX Cash $125, 000
Loan Payable $ 125, 000
How to journalize loans ?When loans are received by the business, it means that the bsuiness has just experinced a fresh injection of cash. As such that cash is to be accounted for by debitting the cash account with the amount of the loan.
The account that will be credited will be the " Loan Payable " account as this account will show that the business has incurred a liability of the amount borrowed, which in this case is $ 125, 000. Liabilities are credited when they increase.
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can u solve this plsss
Answers
The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.
What is Financial Liberalization?This refers to the removal of regulatory control in the financial sector to promote economic growth.
The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.
Hence, we can see that the key aspects of the liberalization program were:
MergersAcquisitions.The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.
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Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials.)
January 1 December 31
Inventories
Raw materials inventory $6,000 7,500
Work in process inventory 12,000 9,000
Finished goods inventory 8,500 5,500
Activity during the current year
Materials purchased $123,500
Direct labor 94,000
Factory overhead 39000
Answers
Answer:
$122,000
Explanation:
Computation for the cost of direct materials used for the current year.
COST OF DIRECT MATERIALS USED
January 1 Raw materials inventory $6,000
Add Materials purchased $123,500
Raw material available for production $129,500
($6,000+$123,500)
Less December 31 Raw material Inventory $7,500
Cost of direct materials used $122,000
($129,500-$7,500)
Therefore the cost of direct materials used for the current year is $122,000
Allison lives in the United States and has just retired. It is the end of October 2018. She has long had dreams of cruising the fjords on the west coast of Norway, visiting Buckingham Palace in the United Kingdom, seeing the cherry blossoms in Japan, and going to the top of the Eiffel Tower in France. She last considered all four options on New Year's Day 2008. She would like to select her trip based on which country´s currency has subsequently weakened the most against the U.S. dollar. Where should she go on vacation?
Answers
Answer:
In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP?
Click card to see definition
If the measurement of economic activity evolves, GDP can change.
Explanation:
Based on the weakened conditions of a currency exchange against the U.S. Dollar between 2008 and 2018, it would be advisable for Allison to go on a vacation for visiting Buckingham Palace in the United Kingdom.
What is the significance of currency exchange?A currency exchange can be referred to or considered as the rate at which the currency of one country compares with the currency of any other country. U.S. Dollar is currently the strongest currency in the world.
When a comparison between the currencies like the American Dollar and Euros is done, it is found that there is a degrowth in the value of Euros against the dollars, and thus, vacation in such country will be cheaper for Allison to visit to.
Therefore, the significance regarding currency exchange has been aforementioned.
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If you deposit $8,000 in a bank account that pays 3% interest annually, how much will be in your account after 5 years
Answers
Deposit, P = $8000
Interest rate, r = 3%
Period, t = 5 years
Future value = P * (1+r)t
Amount in account after 5 years = 8000 * (1+3%)5 = $ 9274.19
Brenda owns 8 shares of a corporate stock worth $25 each. The corporation just issued dividends worth 3% of the stock's value. What amount should Brenda receive in dividends?
A.) $6.00
B.) $9.00
C.) $12.00
D.) $18.00
Answers
Amount should Brenda receive in dividends is (A) $6.00
Brenda's total investment in the corporate stock is 8 shares x $25 per share = $200.
The corporation issued dividends worth 3% of the stock's value, which means the dividend amount per share is:
$25 per share x 3% = $0.75 per share
Therefore, Brenda should receive a total dividend amount of:
8 shares x $0.75 per share = $6.00
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Ill give Brainliest to the one that awnsers
List 3 negative consequences of Chapter 7 and 13 Bankruptcy.
Answers
Answer:
As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.
When amortizing the discount on bonds payable, the amount of interest expense reported on the income statement will always be less than cash paid for interest. True or false?
Answers
BUS/475 I need the attachment done on Starbucks coffee company in APA format for citations and references please.
Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?
Use the Balanced Scorecard Template to:
• Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
• Determine targets, timelines, and metrics for each objective.
Explain the following in 350-525 words on the Balanced Score Card Template:
• Why these objectives are appropriate for the project.
• Why these metrics and timelines are appropriate for your strategic plan.
Note: Review your chosen organization in the Case Studies folder on the main course page in Blackboard.
Answers
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