The amount of contributed capital at the beginning of the year is -$700.
Net income can be calculated by subtracting the expenses from the revenue:
Net income = Revenue - Expenses
= $1,200 - $500
= $700
The change in retained earnings can be calculated by subtracting the ending retained earnings from the beginning retained earnings:
Change in retained earnings = Retained earnings at the end of the year - Retained earnings at the beginning of the year
= $1,100 - $2,500
= -$1,400
The amount of contributed capital at the beginning of the year can be calculated by adding the change in retained earnings to the net income:
Contributed capital at the beginning of the year = Net income + Change in retained earnings
= $700 + (-$1,400)
= -$700
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suppose the market clearing price is $15 and the price ceiling is $17. the price that prevails in the market will be
When the market clearing price of $15 and a price ceiling of $17. The price that prevails in the market under these circumstances will be the market clearing price of $15.
A market clearing price is the price at which supply and demand are in equilibrium. This means that at this price, the quantity of goods or services that sellers are willing to supply matches the quantity that buyers are willing to purchase. When this equilibrium is achieved, there is no surplus or shortage in the market.
On the other hand, a price ceiling is a government-imposed limit on how high a price can be charged for a product. In this case, the price ceiling is $17, which is higher than the market clearing price of $15. Since the price ceiling is above the market clearing price, it does not have an impact on the market equilibrium. Therefore, the prevailing price in the market will be the market clearing price of $15.
This outcome occurs because the price ceiling does not interfere with the natural equilibrium of supply and demand, allowing the market to function efficiently. If the price ceiling was set below the market clearing price, it would create a shortage, as suppliers would be unable to cover their costs and would reduce production, while demand would increase due to the artificially low price.
However, in this scenario, the price ceiling does not disrupt the market, so the market clearing price of $15 prevails.
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What do taxes pay for?
What are the 3 functional areas of incident command?.
The three functional areas of incident command are Logistics, Planning, and Administration/Finance.
Incident commands and operations are primarily supported by three internal (within ICS) sections. Logistics, planning, management and finance. However, for large or complex incidents, the Incident Command may require additional support from entities outside the responsibility/authority of ICS.
What are the functional areas of the operations management system?ICS has established five functional areas for managing major incidents. Command, Operations, Planning, Logistics, Finance/Management. Strictly follow the span of control recommendations to avoid unnecessarily large organizational structures.
What are the main functions of Operations Center?ICS provides guidelines for organizing resources to respond to incidents (system description) and processes for managing the response in a series of phases (operational concept).
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sasha burke is married and has assets totaling $9 million. what type of will would most likely result in the lowest overall amount of federal estate taxes? assume the exemption amount is $3 million.
If Sasha Burke is married and has assets totaling $9 million, a marital deduction trust will most likely result in the lowest overall amount of federal estate taxes.
A marital deduction trust is an irrevocable trust that allows married couples to transfer unlimited amounts of assets to each other tax-free. In this type of trust, the assets that are transferred to the trust by the first spouse to die are placed in a separate trust for the surviving spouse's benefit. This allows the assets to pass to the surviving spouse free of estate taxes. When the surviving spouse dies, the assets in the trust are subject to estate taxes. However, since the exemption amount is $3 million, the assets in the trust that exceed this amount will be subject to estate taxes. This is still likely to result in the lowest overall amount of federal estate taxes since the surviving spouse will receive the assets tax-free, and the estate will only pay taxes on the remaining assets that exceed the exemption amount.For more questions on estate
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Consider an account holding $30,000 and earning 8% interest each year. If the account holder withdraws the interest each year, how much interest would the principal amount generate each year
The sum stays the same and no interest is accrued because $ 30,000 *.08 equals $ 2400.
By accrues, what do you mean?When referring to income, income, or expenses of a person or corporation, the verb "accrue" indicates to increase over time. For instance, interest builds up in a savings account over time, increasing the account's total balance.
Briefing:
Principle = $ 30000
Interest = 8%
Interest for each year = $ 30000*.08 = $ 2400
Assumption that the interest in earned on the principle amount , as interest is withdrawn every year , so the amount remains the same and the interest amount does not accrue.
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Which options are available when using a combo box rather than a list box? Check all that apply.
O A user can type in the values.
A user can search for a record.
The combo box can sort through records.
O A user can get values from another query
The combo box includes drop-down menus.
A user can retrieve values from another table.
ch
Intro
Answer:
The combo box includes a drop-down menu
Explanation:
A combo box contains a text box field, so choices not on the list can be typed in. The exception is when the DropDownStyle property is set to DropDownList. In that case, the control will select an item if you type its first letter. In addition, combo boxes save space on a form
Answer:
A user can type in the values.
A user can search for a record.
A user can get values from another query.
A user can retrieve values from another table.
Explanation:
did it on edg 2021 :)
Do you think every working American needs a 401(k) account or an IRA? Why or why not?
No links
Need ASAP
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
A storm will hit a small town soon. Residents are advised to head out to
purchase water, canned food, and other emergency supplies. When residents
go to make their purchases, they notice that the supermarkets have greatly
raised the prices of certain items. Which price strategy is this?
Answer:
Price Gouging!
Explanation:
Price gouging occurs when a seller increases the prices of goods, services or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. Common examples include price increases of basic necessities after natural disasters.
When the supermarkets increased prices greatly at such a juncture, this is known as Price gouging.
Price gorging:
Refers to when prices are raised by retailers exorbitantly in response to sudden increase in demand Usually happens during disasters and emergenciesIs usually illegalThe supermarkets is engaging in price gorging by increasing the prices so greatly due to the impending storm. Authorities can come against these supermarkets for this.
In conclusion, the supermarkets are engaging in price gorging.
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How are securities connected to the last Housing Bubble (it eventually burst in 2007)?
In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates (no verifying source), with more than 25 subprime lenders declaring bankruptcy, announcing significant losses, or putting themselves up for sale.
financial instruments related to the previous housing bubble More than 25 subprime lenders filed for bankruptcy,
reported major losses, or placed themselves up for sale as the subprime mortgage sector in the United States imploded in March 2007 (no validating source).
What do you meant by Housing Bubble?One of the many asset price bubbles that periodically emerge in the market is the housing bubble (or house price bubble). A housing bubble follows the same basic structure as other asset bubbles, with two major periods. House prices first experience a period of sharp growth that is increasingly driven by speculative activity. House prices drop significantly in the second phase.
Because they are credit-fueled, involve a large number of households rather than just investors, and have a larger wealth effect than other types of financial assets, housing bubbles typically rank among the asset bubbles with the biggest impact on the real economy.
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l. lang withdraws from a partnership with two other partners. lang agrees to take $25,000 in settlement of her capital balance of $20,000. this creates a $
In this given scenario, if I. Lang withdraws from a partnership with two other partners. Then Lang agrees to take $25,000 in settlement of her capital balance of $20,000, this creates a Gain amount of $5,000. A gain occurs when an asset is sold for more than its original cost basis.
The amount of gain realized by I. Lang on withdrawal from the partnership is $5,000.
When I. Lang withdraws from a partnership with two other partners, Lang agrees to take $25,000 in settlement of her capital balance of $20,000. The remaining two partners would have invested the remaining amount and may have had profits or losses depending on the amount invested.
Thus, I. Lang withdraws from the partnership with a gain of $5,000.
A gain occurs when an asset is sold for more than its original cost basis. In the given scenario, I. Lang's capital balance is $20,000, and she agreed to settle for $25,000.
Thus, the gain realized by I. Lang on withdrawal from the partnership is $5,000.
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Prepare Income (Profit & Loss) statement for Greenfield Hotel for financial year 2020. Greenfield Hotel has following income & expenses. All income & expenses for the year 2020 are in million dollars
Income (Profit & Loss) Statement for Greenfield Hotel - Financial Year 2020 (in million dollars):
Revenue:
Room Revenue: $50
Food and Beverage Revenue: $30
Other Operating Revenue: $10
Total Revenue: $90
Expenses:
Cost of Goods Sold (Food and Beverage): $15
Employee Salaries and Benefits: $20
Utilities Expenses: $5
Maintenance and Repairs Expenses: $8
Marketing and Advertising Expenses: $7
Administrative Expenses: $10
Depreciation Expenses: $4
Interest Expenses: $3
Total Expenses: $72
Net Income (Profit): $18 million
The income statement summarizes the revenue and expenses of Greenfield Hotel for the financial year 2020, resulting in the calculation of the net income or profit.
In this statement, the revenue section includes the main sources of income for the hotel. The room revenue generated from accommodation services amounts to $50 million. The food and beverage revenue from dining services totals $30 million, and other operating revenue amounts to $10 million. Adding these figures together, the total revenue for the year is $90 million.
The expenses section includes various cost categories incurred by the hotel in its operations. This includes the cost of goods sold for the food and beverage department, which is recorded at $15 million. Employee salaries and benefits amount to $20 million, while utilities expenses, maintenance and repairs expenses, marketing and advertising expenses, administrative expenses, depreciation expenses, and interest expenses are listed at $5 million, $8 million, $7 million, $10 million, $4 million, and $3 million, respectively. Summing up these expenses gives a total of $72 million.
To calculate the net income or profit, the total expenses are subtracted from the total revenue. In this case, the net income or profit for Greenfield Hotel for the financial year 2020 is $18 million.
It's important to note that this is a simplified example, and in a real income statement, there might be additional line items, such as taxes, extraordinary gains or losses, and non-operating income or expenses.
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When adjusting the bank balance in a bank reconciliation, which item must be subtracted from the bank balance?.
Answer:deposits outstanding
Explanation:
correct
____ are a company's most critical indicators of progress toward intended results.
The question is that Key Performance Indicators (KPIs) are a company's most critical indicators of progress toward intended results.
Key Performance Indicators (KPIs) are specific metrics or measures that are used to evaluate the performance of a company or organization. KPIs are designed to provide a clear and measurable assessment of how well the company is progressing towards its intended goals and objectives. These indicators are chosen based on the company's overall strategy and objectives, and they can vary depending on the industry and specific goals of the organization.
Examples of common KPIs include revenue growth, customer satisfaction, employee productivity, and market share.
By tracking these indicators over time, companies can assess their performance, identify areas for improvement, and make data-driven decisions to achieve their desired results. It is important for companies to regularly review and update their KPIs to ensure they remain aligned with their evolving goals and objectives.
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Selection committees are concerned with what?
A. Succession planning, workforce planning, and popularity
B. Budget planning, workforce planning, and leadership development
C. Succession planning, workforce planning, and leadership
development
D. Succession planning, workforce planning, and unskilled workers
C. Succession planning, workforce planning, and leadership development.
Why it is?
Selection committees are typically involved in identifying and selecting candidates for important positions within an organization.
To make informed decisions, selection committees often focus on a range of factors, including succession planning (i.e., identifying potential future leaders), workforce planning (i.e., ensuring the right mix of skills and experience), and leadership development (i.e., supporting the growth and development of current and future leaders). Budget planning and unskilled workers are typically not areas of focus for selection committees.
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Why is it common for producers of services to sell through short distribution channels directly to the end user
Answer: “The people providing the service often fo so by interacting directly with the user”
Explanation: just took the quiz
Answer: B. The people providing the service often fo so by interacting directly with the user
Explanation: I just took the quiz and the answer was correct
What work experience can year 10s do
The work experience can year 10s do research positions, volunteer work, and the creation of the company.
What is experience?The term experience refer to learn the things and the knowledge. The experience are the necessary to the human life. The experience are the help in the future challenges. The experience are the built-in the human nature are the day to day. The experience is to learn bad and the good things.
According to the work experience, was the necessary of the human life. The work experience as the change the attitude and the behavior. The work experience on the particular field as the higher on the position to the work. The work experience of the person as the research positions, volunteer work, and the creation the company.
As a result, the work experience can year 10s do research positions, volunteer work, and the creation of the company.
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B) Answer the following questions.
1. Do you agree that business transaction is an economic transaction? Justify your answer
with TWO reasons.
Answer:
Yes, agree, business transactions are economic transactions. Two reasons why:
Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.
Four year universities are the only type of school worth attending. True False
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
Review the following sources and decide if they are reliable and relevant.
two books from a bookstore or library
a newspaper article in the business section
news or a program on TV
the following Web sites:
CNN Business
Fidelity Investments
Investing for Beginners
Answer:
CNN business is left wing( which means it will tilt the info to fit the party)
Try using something neutral
morgan is moving to a new city. she should consider each of these factors when selecting a new financial institution except
Answer:
all except PMI
Explanation:
river city needs to raise money to build a bridge. designing the bridge and constructing it will require a long-term investment of funds. what source of financing would be representative of such a long-term funding requirement?
Issuance of bonds source of financing would be representative of such a long-term funding requirement. Thus, option D is correct.
What are the of bonds?Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute to the business a particular sum of money for a set length of time.
In exchange, the investor receives interest payments on a regular basis. Bonds are purchased by investors because they provide a stable, predictable income stream that may be used to offset the risks provided by volatile but higher-yielding equities and other riskier portfolio assets.
Bonds are also purchased by investors in order to collect interest on a regular basis until their original cash is refunded.
Therefore, option D is correct, If planning and building the bridge would necessitate a long-term investment of finances, the insurance of bonds would be representational of such a long-term funding requirement.
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Tariffs help increase market security for traders and investors?
True Or False
Answer:
The answer is true.
Explanation:
They help import and export goods and they are like a safeguard.
PLEASE HELP THERE ARE TWO SCENARIOS
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Scenario C
The media report that an “epidemic of the jobless” has emerged. Major corporations and small businesses alike are laying off workers. People are out of work in record numbers and struggling to find jobs. Some admit that they have given up looking. Housing foreclosures are increasing, while banks say they lack the funds to approve new loan applications or to adjust existing loans. Requests for unemployment, housing, and nutrition assistance are at record highs. Charity organizations are not receiving enough donations to meet the growing need in their communities. Credit card companies say the average debt balance is climbing while repayments are falling behind.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
It is correct to state that the Fed will address the scenario with expansionary policy.
What is an expansionary policy?
An expansionary policy is one that seeks to increase the amount of money so that aggregate demand can be stimulated.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.When money is injected into the economy using tools such as
Examples of fiscal polices that the congress might enlist for deployment in this scenarios are:
To increase aggregate demand, Government will inject more money in to the economy by buying back bonds or embarking on projects at the state and local levels.
Reduction of taxes will also help put more money in the hands of people, thus increasing aggregate demand.
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Answer:
flvs
Explanation:
A
would the red address the scenario with
expansionarv or contractionarv policy? Explain.
The Fed would address this with expansionary.
Which means they would give out more money
What is a specific monetary action the Fed might use
in this scenario? Identity the too and how the red would use it. Explain how this would address the
The action they would use is decrease the reserve requirement. By doing this, banks would be able to give out more money Que to them not needing to
Keen as much monev in reserve
What is a specific fiscal action that Congress might use in this scenario?
Decrease taxes due to schools and labor shortages are happening. Which mean that business and schools wont need to dav as much as taxes
B
Would the red address the scenario with
expansionary or contractionary policy? Explain.
The red would use contractionary due to rising prices and it can slow down
What is a specific monetarv action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the
scenario
They would sell more government securities so that less money would be in circulation and daily operations being tunded
What is a specific fiscal action that Congress might
use in this scenario?
Congress might decrease taxes due to things being expensive and we needing more money to be in
circulation.
C
Would the red address the scenario with expansionary or contractionary policy? Explain.
The Fed would use expansionary policy due to people not having money and needing it.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address
the scenario.
The monetary action is that they would decrease reserve requirement and buy government securities. They would give out more money and create funding programs for those who are unemployed.
What is a specitic fiscal action that congress might use in this scenario?
Decrease taxes so that others can buy food and with the money they have left, they are able to buy their needs
Sheffield Company’s standard materials cost per unit of output is $8.20 (2.00 pounds x $4.10). During July, the company purchases and uses 2,700 pounds of materials costing $14,580 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances.
The total materials variance for Sheffield Company in July was $2,280 unfavorable, comprising a price variance of $3,780 unfavorable and a quantity variance of $1,500 favorable.
Sheffield Company experienced materials variances in July. The standard materials cost per unit of output is $8.20, calculated as 2.00 pounds multiplied by $4.10. During the month, the company purchased and utilized 2,700 pounds of materials, costing $14,580, to produce 1,500 units of finished products.
The total materials variance can be calculated by comparing the actual cost of materials used to the standard cost. In this case, the actual cost of materials is $14,580, while the standard cost should have been $12,300 (1,500 units x $8.20). The total materials variance is $2,280 unfavorable.
To break down the variance further, the price variance measures the difference between the actual price paid for materials and the standard price. The actual price is $14,580, while the standard price would have been $10,800 (2,700 pounds x $4.10). Therefore, the price variance is $3,780 unfavorable.
The quantity variance, on the other hand, assesses the difference between the actual quantity of materials used and the standard quantity. The actual quantity used is 2,700 pounds, while the standard quantity should have been 3,000 pounds (1,500 units x 2.00 pounds). Hence, the quantity variance is $1,500 favorable.
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The capital of the firm of Anu and Benu is Rs. 1,00,000 and the market rate of
interest is 15%. Annual salary to partners is Rs. 6,000 each. The profits for the
last 3 years were Rs. 30,000; Rs. 36,000 and Rs. 42,000. Goodwill is to be
valued at 2 years purchase of the last 3 years' average super profits. Calculate
the goodwill of the firm.
Answer:
capita cr salary dr goodwill dr because assets purchasesis dr
How do I consolidate a balance of two companies, where Company A has 25% of Company B and a controlling interest?
Answer:
Acquisition method
Explanation:
Which of the following is involved in organizing an outline?
categorizing
listing
ordering
recording
Answer:
listing
Explanation:
It's easier more smarter and faster to handle
Hope this helps❤
The answer is:
ListingQuestion #5
Multiple Choice
include businesses that buy products or services from another business to help produce products or services for their own
business to sell.
O Consumer markets
O Industrial markets
O Markets
None of the above
Answer:
I think industrial markets
if you spend money you work for, are you taking out money from the economy?
Compare these costs.
48 paper plates for $2.99
75 paper plates for $3.99
Answer:
the $3.99 one cost less per unit
Explanation:
the $2.99 = $0.06 per unit
the $3.99 = $0.05 per unit