The income statement for the month of June, 2021 of Blossom Enterprises contains the following information Revenues $6780 Expenses: Salaries and Wages Expense $6780 3020 Rent Expense Advertising Expense Supplies Expense 1570 840 Insurance Expense 310 Total expenses 12520 Net Income $-5740 At June 1, 2021, Blossom reported retained earnings of $35900. The company had no dividends during June. At June 30, 2021, the company will report retained earnings of $35900 $42680 $23380 $30160

Answers

Answer 1

The amount of the retained earnings that the company will report at June 30, 2021  would be the ending retained earnings of $30,160.

The income statement for the month of June, 2021 of Blossom Enterprises contains the following information: Revenues $6780

Expenses: Salaries and Wages Expense $6780

Rent Expense 3020

Advertising Expense Supplies Expense 1570

Insurance Expense 840

Total expenses 12520

Net Income $-5740

At June 1, 2021, Blossom reported retained earnings of $35900. The company had no dividends during June. At June 30, 2021, the company will report retained earnings of $23380. The calculation for the retained earnings is as follows: Starting retained earnings: $35,900

Net loss for the month: -$5,740

Ending retained earnings: $30,160

However, the question is asking for the amount of the retained earnings that the company will report at June 30, 2021. This would be the ending retained earnings of $30,160.

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Related Questions

As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.


False

True

Answers

Answer:

True.

Explanation:

A referee can be defined as an individual who stands as a guarantor for a job applicant with respect to their character and professionalism.

As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.

the working papers document the auditor's compliance with auditing standards and particularly compliance with the standards of

Answers

Inspection attestation includes records of the medication and  prosecution of the job, the  styles carried out, the  substantiation gathered, and the findings drawn by the adjudicator, among other  effects. The term"  inspection attestation" can also apply to work papers or working documents.

Members of the engagement team executing the work evaluate the audit documentation, and it may also be reviewed by others. Auditors who are new to an engagement could analyse the prior year's documents to comprehend the work done as a tool for planning and carrying out the current engagement. For each engagement carried out in accordance with PCAOB guidelines, the auditor is required to create audit documentation. It is important to produce audit documentation thoroughly so that its goal, source, and findings are all understandable.

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A project has an initial cost of $40,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of 10%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.

Answers

Answer:

the net present value is $11,961

Explanation:

The computation of the project NPV is as follows;

The net present value is

= Present value of cash inflows - initial investment

= $8,000 × PVIFA factor for 11 years at 10% - $40,000

= $8,000 × 6.4951 - $40,000

= $51,961 - $40,000

= $11,961

Hence, the net present value is $11,961

The same is to be considered


Select the scenario that best demonstrates the entrepreneurial mindset of taking initiative and
being self-reliant

A. Jon starts a café in his town. He observes that due to a drop in the economy, his café is not doing as well as expected. He hopes his business will pick up again once the economy is strong again.
B. Linda is developing a music app. However, she gets stuck many times while
writing the code. She considers giving up on her app and working under an
experienced person to develop apps.
C. Samantha works as a nail artist. To keep up with the competition and customer
demands, she expands her skill set with new techniques and designs in the market.
D. Steve works as a pizza delivery boy, but wants to start his own pizza parlor. It
will be difficult to make time to implement his business plan, so he is going to wait
for a better time to start his business.

Answers

Answer:

c.Samantha works as a nail artist. To keep up with the competition and customer

demands, she expands her skill set with new techniques and designs in the market.

Explanation:

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Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number to increase demand setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it a complex approach that continually matches demand and supply to customize the price for a service estimating the price a consumer would pay for a product, and working backward with anticipated markups to set the price for wholesalers

Answers

Answer:

a complex approach that continually matches demand and supply to customize the price for a service.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

Yield management pricing is a complex approach that continually matches demand and supply to customize the price for a service. It is commonly used by businesses that are typically involved in tourism, hospitality, and airline services.

t-account analysis can be used to gain insights into why accrual basis earnings and cash basis earnings differ and to

Answers

T-account analysis can be used to gain insights into why accrual basis earnings and cash basis earnings differ and to identify the specific transactions that are causing the differences between the two methods.

For example, if a company records revenue on an accrual basis when it is earned but hasn't received payment yet, it will show up as an increase in accounts receivable on the balance sheet. However, on a cash basis, revenue is only recognized when payment is received.

Therefore, if there is a significant difference between the two methods, a t-account analysis can help to identify which accounts are causing the difference, such as accounts receivable, accounts payable, or inventory.

By understanding the specific transactions that are causing the differences, companies can better manage their cash flow and make informed decisions about how to allocate resources.

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In a bank reconciliation, deposits outstanding are: a. subtracted from the bank balance. b. added to the book balance. c. added to the bank balance. d. subtracted from the book balance.

Answers

In a bank reconciliation, deposits outstanding are b. added to the book balance.

What is book balance?

The book balance is the balance of cash in a company's general tally, while the bank balance is the balance of cash in the company's bank account. Deposits outstanding are deposits made by the company that haven't yet been recorded by the bank.

To attune the book balance with the bank balance, outstanding deposits are added to the book balance. This is because the book balance formerly includes the deposits made by the company, while the bank balance doesn't yet reflect those deposits until they're recorded by the bank.

Thus, the correct answer is b. added to the book balance.

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Kurt's Adventures, Inc. stock is quite cyclical. In a boom economy, the stock is expected to return 30% in comparison to 12% in a normal economy and a negative 20% in a recessionary period. The probability of a recession is 15%. There is a 30% chance of a boom economy. The remainder of the time the economy will be at normal levels. What is the standard deviation of the returns on Kurt's Adventures, Inc. stock

Answers

Answer:

15.83%

Explanation:

Calculation to determine is the standard deviation of the returns on Kurt’s Adventures, Inc. stock

First step is to determine l E(r)

E(r) = (.30 *.30) + (.55 *.12) + (.15 *-.20)

E(r)= .09 + .066 -.03

E(r)= .126

Second step is to determine Var

Var = .30 *(.30 -.126)^2 + .55 *(.12 -.126)^2 + .15 *(-.20 -.126)

Var=0090828 +.0000198 + .0159414

Var= .025044

Now let determine the Std dev

Std dev = √.025044 = .15825

Std dev= 15.83 percent

Therefore the standard deviation of the returns on Kurt’s Adventures, Inc. stock.is 15.83 percent

Which statement about the Three-Fifths Compromise is accurate?

The Three-Fifths Compromise determined where the greatest enslaved populations were based on census data.
The Three-Fifths Compromise helped give more power to states that did not allow slavery.
The Three-Fifths Compromise was developed based on the results of the 1790 census.
The Three-Fifths Compromise increased the number of Representatives for the South.

Answers

Answer:

The Three-Fifths Compromise was a temporary solution to a long-term political issue. - is accurate about the Three-Fifths Compromise.

Explanation:

Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?

Answers

Answer:

Allocated MOH= $261

Explanation:

Giving the following information:

Predetermined overhead rate= 50% of direct labor cost

To allocate overhead to Job TB0414, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

First, we need to determine the total labor cost:

TB0414:

Direct labor hours= 14 + 15 = 29

Total direct labor cost= 29*18= $522

Now, the allocated overhead:

Allocated MOH= 522*0.5

Allocated MOH= $261

A quality control procedure at a manufacturing plant involves randomly selecting five items and accepting a whole lot of at least four of the five items are in perfect condition. From past experiences 59.049% of whole lots are perfect. What is the probability that the next lot will be excepted?

Answers

Answer:

0.32072

Explanation:

Given that :

Number of items selected, n = 5

P(x ≥ 4)

Using binomial relation :

P(x =x) = nCx * p^x * (1 - p)^(n - r)

p = 0.59049 ; 1 - p = 0.40951

P(x ≥ 4) = P(4) + P(5)

P(x = 4) = 5C4 * 0.59049^4 * 0.40951^1 = 0.24893

P(x = 5) = 5C5 * 0.59049^5 * 0.40951^0 = 0.07179

P(x ≥ 4) = P(4) + P(5)

P(x ≥ 4) = (0.24893 + 0.07179) = 0.32072

the condition of decision making in which it is hard to determine outcomes or develop alternatives is known as ______. risk uncertainty probability certainty

Answers

The condition of decision making in which it is hard to determine outcomes or develop alternatives is known as uncertainty.

Uncertainty refers to a lack of knowledge or information about future events or outcomes, making it difficult to assess the likelihood or probabilities associated with different scenarios. In situations of uncertainty, decision makers often have limited data or experience to rely on, and the potential outcomes are unclear or ambiguous . Unlike risk, which involves measurable probabilities and known potential outcomes, uncertainty involves a higher degree of unpredictability and ambiguity. Decision making under uncertainty often requires careful analysis, consideration of multiple scenarios, and reliance on judgment and intuition.

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MY PROGRESS-36% Marketing Research LEO Decision Point: Choosing Your Research Topic You are now tasked with developing a research plan that would best support the research objectives you have just chosen. You consider your options and narrow them down to the following three. Select an option from the choices below and click Submit Research the attitudes that men under 35 have towards eSports Research the effect that increased advertising in women's magazines would have on women's attitudes towards eSports. Research the attitudes that U.S. women and consumers over 35 have towards the eSports Industry

Answers

The best course of action would be to investigate the attitudes that American women and consumers over 35 have toward the eSports Industry based on the research objectives that were selected.

The inclusion of a particular demographic (women and consumers over 35) that may help shed light on potential target audiences for the industry is in line with the research objective of understanding general attitudes toward the industry.

Researching the attitudes of men under 35 would not be in line with the chosen research objectives, whereas studying the impact of increased advertising in women's magazines on women's attitudes toward eSports would only reveal information about one possible marketing strategy.

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Which completes the equation?
O + A + Consideration (+______) = K

Legal capability
Legal capacity
Legal corporations
Legal injunction

Answers

"Legal capacity" is the final term that completes the equation.

What is the full legal age?

What a person is legally capable of doing depends on the rules and regulations of the legal system. It is a fiction with no underlying reality that every legal system uses to establish a relationship with its constituents.

What does the legal competence to contract mean?

A party has the legal authority to enter into a contract if they have the capacity to do so. Capability also implies that a person must be legally competent. A person's ability is determined by two factors: whether they are of legal age to enter into contracts and if they are mentally able to do so.

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Maintenance records show the last transponder inspection was performed on September 1, 2010. The next inspection will be due no later than
January 1 2013
September 2, 2011
August 31, 2012
September 30, 2012

Answers

According to maintenance records, a transponder inspection was last carried out on September 1, 2010. The deadline for the subsequent examination is d. September 30, 2012.

Transponder inspections must take place every 24 months in accordance with FAR 91.413. A transponder needs to be checked every 24 calendar months in order to be used. It is also necessary to check for data problems during transponder installation or maintenance.

It seems evident that these examinations are necessary. After all, the air traffic controller uses the signal from your transponder, including the altitude from the encoder, to create traffic separation between you and the other aircraft if you are flying in controlled airspace.

Additionally, it's crucial to be at the altitude that your instruments suggest if you're flying IFR. However, since these laws were first set, avionics and instrument technology have advanced significantly.

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Question 2 of 14
What focuses on the management of the assets, liabilities, equity, and cash flow of an organization,
analysis of ROI and ROE, and planning of future growth?

Answers

The discipline of finance focuses on managing an organization's assets, liabilities, equity, and cash flow as well as on financial planning for future growth and analyses like ROI and ROE.

What different types of finance are there?

There are three primary sectors in the world of finance. Corporate finance, investments, and institutions are the three "mainline" disciplines of finance. Despite the fact that they occasionally overlap, these are recognized as the standard subfields of finance.

Why Is Money Discipline Vital?

Financial discipline is based on clearly defining one's spending and saving goals and tracking one's progress toward them. Once such financial discipline is in place, a person can move farther in the direction of financial independence.

Which academic disciplines have a relationship to finance?

Three major sectors can be found in the world of finance. Investments, corporate finance, and institutions make up the three "mainline" subjects of finance.

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write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?

Answers

Answer:

You can apply for scholarships, work in high school, and receive grants.

Explanation:

You can possibly graduate college without debt or little money owed back to a bank.

The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.

Your second option is working,  sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.

Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.

Gondola Granola is an American health food grocery store chain with locations in 20 countries. When the company enters a new foreign market, it usually selects a combination of franchising and master subsidiaries. These master subsidiaries are joint ventures with local partners. Specifically, these joint ventures are politically more acceptable and they:________
a. help realize location and experience curve economies
b. avoid high transport costs.
c. ensure a steady stream of royalty payments.
d. tend to provide a higher control over technology
e. bring a degree of local knowledge to the subsidiary

Answers

Answer: e. bring a degree of local knowledge to the subsidiary

Explanation: According to the scenario described above, Gondola Granola having location in 20 countries makes it a foreign company in most of its countries where it is located. In other to thrive, Gondola Granola is partnering with local stores or companies (domestic companies in that country), this enables Gondola Granola to scale through most policy which might have hampered foreign establishment, These local partner also provides the required local knowledge or finesse which could aid Granola to thrive as they are more familiar with the culture of the country than the subsidiary.

Marginal revenue product is the: a. change in total output resulting from a unit change in the quantity of a variable input. b. price of the output multiplied by the total units of output produced. c. change in total cost resulting from a unit change in the quantity of a variable input. d. ratio of total revenue to the quantity of a variable input employed. e. change in total revenue resulting from a unit change in the quantity of a variable input.

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

i need help with Question B5 (a) short essay. im completely lost please help me :(

i need help with Question B5 (a) short essay. im completely lost please help me :(

Answers

In xigift try i jkyukuo

if+d1+=+$1.50,+g+(which+is+constant)+=+8.5%,+and+p0+=+$55,+what+is+the+stock’s+expected+total+return+for+the+coming+year?

Answers

The expected total return of the stock for the upcoming year given that if d1 = 1.50, g (which is constant) = 8.5%, and p0 = 55 can be calculated using the following formula:
Total \ return = Dividend \ yield + Capital \ gain \ yield

The dividend yield can be calculated using the formula:
Dividend \ yield =

\frac{d_1}{p_0}
Substituting the given values in the formula, we get:
Dividend \ yield =

\frac {1.50}{55} = 0.0273

= 2.73\%
The capital gain yield can be calculated using the formula:
Capital \ gain \ yield = g
Substituting the given value of g in the formula, we get:
Capital \ gain \ yield = 0.085

= 8.5\%
Now substituting both the calculated values in the formula of expected total return, we get:
Total \ return = Dividend \ yield + Capital \ gain \ yield
Total \ return = \(2.73\% + 8.5\% = 11.23\%\)
the stock's expected total return for the coming year is 11.23%.

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If you use a student loan to pay for college and drop out, the student loan:
a) disappears because you did not finish college
b) become proportional to how long you stayed in school
c) doubles
d) stays the same. you have to pay the loan whether or not you finish school ​

Answers

option D, "stays the same. you have to pay the loan whether or not you finish school" is the correct answer.

Why is it?

You use a student loan to pay for college and drop out, you are still responsible for repaying the loan regardless of whether or not you finished school.

The loan does not disappear, nor does it become proportional to how long you stayed in school or double. When you take out a student loan, you sign a loan agreement with the lender that specifies the terms of the loan, including the repayment terms.

Dropping out of college does not change the terms of the agreement, and you are still obligated to repay the full amount of the loan, plus any accrued interest.

Therefore, it is important to consider the financial implications of taking out a student loan and to have a plan for repayment, even if you do not complete your degree.

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A new business has total sales of $14,000, applied $1,350 in merchandise discounts, and had returns of $234. Calculate the business's total net sales.

Answers

Answer:

$12,416

Explanation:

Applied merchandise discounts mean discounts issued.

The net sales will be total sales minus merchandise discounts applied minus returns.

Net sales = total sales - ( discounts + returns)

Net sales = $14,000 - ( $1,350 + $234)

Net sales = $14,000 - $1,584

Net sales = $12,416

What's your annual income if you're unemployed?

Answers

$46,819

Unemployed Salary

Annual Salary Hourly Wage

Top Earners $57,500 $28

75th Percentile $57,500 $28

Average $46,819 $23

25th Percentile $32,000 $15

A binding price ceiling is designed to:Question 2 options:a) increase efficiency.b) prevent shortages.c) keep prices below the equilibrium level.d) increase the quality of the good.

Answers

A binding price ceiling is designed to c) keep prices below the equilibrium level.

What is a binding price?

A binding price ceiling is a term used to refer to a case whereby government sets a required price on a good or goods.

This price is usually set at a price below equilibrium.

Producers are are usually at the beneficial sides as a result of the binding price floor incase the price is higher than equilibrium price.

while Consumers are always worse off since they must pay more for a lower quantity.

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If 50 uncc students are randomly selected, approximately how many are expected to study fewer than 20 minutes per week?

Answers

If 50 UNC Chapel Hill students were randomly selected and asked about the amount of time they study per week, it is expected that approximately 4 of them would study fewer than 20 minutes per week.

This is due to the fact that the amount of time students study per week is usually distributed according to the normal distribution, where the mean is around 30 hours per week. Therefore, roughly 16% of the students in the random sample would be studying fewer than 20 minutes per week.

The normal distribution is determined by the mean, standard deviation, and the number of samples taken. In this case, the mean is 30 hours of studying per week, and the standard deviation is typically around 8 hours.

With 50 students randomly selected, the sample size is large enough to be fairly representative of the population of UNC Chapel Hill students. Therefore, the expected proportion of students studying fewer than 20 minutes per week would be around 4 out of the 50 students.

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Banks play an important role in the United States economy by:

a
insuring depositors against the loss of personal property
b
preventing inflation
c
making loans to businesses
d
advising people when to retire

Answers

Banks play an important role in the United States economy by making loans to businesses. Hence, the correct option is c.

What are the roles of banks?

A bank is a financial institution that accepts deposit from it customers and pay interest. Banks mainly take care of financial affairs and they are highly important to the economy. Various activities carried out by banks include personal banking, insurance, foreign exchange trading, corporate banking, etc.

The primary role of the banking system is to accept deposits from the general public so that the money can be given as a loan to the public in an effective way to foster the economy. It is the safest platform where people keep their money to get a bonus while people borrow money to continue operating.

Other role of banks are:

Storing and holding moneyMaking purchases to create profitsLending moneyInvesting in the economy  

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An economist plays two roles: scientist and policy advisor. As scientists, economists explain the world, and as policy advisors they help improve the world. Because these two roles have different goals, they require different types of language. Economists as scientists make positive claims, whereas economists as policy advisors make normative claims.
In your initial post, begin by briefly introducing yourself, including your program of study and career interests. Then address the following:
Explain the difference between positive and normative analysis.
Provide an example of a normative statement or an example of a positive statement from a recent news story.
For your response posts, select two or more initial posts that contain different current news examples (normative versus positive), and contrast your example with those of your peers. What makes the examples different? How do those differences relate to the different roles that an economist plays as a scientist and policy advisor?

Answers

Economists are scientists who explain the world, and they also serve as policy advisers who advance humankind. These two jobs need different kinds of language since their objectives are different. The assertions made by economists as scientists are positive, whereas the statements made by economists in their capacity as policy advisers are normative.

What is the main visions and thoughts of these two professional groups?

Economists take on the role of policymakers when they try to make the world a better place. Positive and normative statements both describe the world as it is and how it should be, respectively. Positive claims can be supported or disproven by facts.Macroeconomists research past patterns in the whole economy and make predictions about future patterns in variables like investment, inflation, economic growth, and variables like unemployment and inflation. Financial economists research the functioning of the financial sector, including the impact of escalating interest rates.

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Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?

Answers

Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.

Research based problem:

While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.

Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.

Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.

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