Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $10. At the start of January 2015, VGC’s income statement accounts had zero balances and its balance sheet account balances were as follows:
Cash $2,360,000
Accounts Receivable 152,000
Supplies 19,100
Equipment 948,000
Land 1,920,000
Building 506,000
Accounts Payable 109,000
Unearned Revenue 152,000
Notes Payable (due 2018) 80,000
Common Stock 2,200,000
Retained Earnings 3,364,100
In addition to the above accounts, VGC’s chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense.
Required:
1. Analyze the effect of the January transactions (shown below) on the accounting equation, and indicate the account, amount, and direction of the effect (+ for increase and − for decrease) of each transaction. (Enter any decreases to account balances with a minus sign.)
a. Received $52,250 cash from customers for subscriptions that had already been earned in 2014.
b. Received $235,000 cash from Electronic Arts, Inc. for service revenue earned in January.
c. Purchased 10 new computer servers for $41,900; paid $12,000 cash and signed a three-year note for the remainder owed.
d. Paid $15,600 for an Internet advertisement run on Yahoo! in January.
e. Sold 10,100 monthly subscriptions at $10 each for services provided during January. Half was collected in cash and half was sold on account.
f. Received an electric and gas utility bill for $5,900 for January utility services. The bill will be paid in February.
g. Paid $310,000 in wages to employees for work done in January.
h. Purchased $5,100 of supplies on account.
i. Paid $5,100 cash to the supplier in (h).
2. Prepare journal entries for the January transactions listed in part 1, using the letter of each transaction as a reference.
3. Create T-accounts, enter the beginning balances shown above, post the journal entries to the T-accounts, and show the unadjusted ending balances in the T-accounts.
4. Prepare an unadjusted trial balance as of January 31, 2015.
Answers
Answer:
Vanishing Games Corporation (VGC)
1. Analysis of the effect of transactions on the accounting equation:
Assets = Liabilities + Equity
Assets (Cash) increases +$52,500 and Assets (Accounts Receivable) decreases -$52,500 = Liabilities + Equity.
b. Assets (Cash) increases +$235,000 = Liabilities + Equity (Retained Earnings) increase + $235,000.
c. Assets (Equipment) increases +41,900; Cash decreases -$12,000 = Liabilities (Notes Payable) increase +$29,900 + Equity.
d. Assets (Cash) decreases -$15,600 = Liabilities + Equity (Retained Earnings) decrease - $15,600.
e. Assets (Cash) increases + $50,500 and (Accounts Receivable) increases + $50,500 = Liabilities + Equity (Retained Earnings) increase + $101,000.
f. Assets = Liabilities (Accounts Payable) increase +$5,900 + Equity (Retained Earnings) decrease -$5,900.
g. Assets (Cash) decreases - $310,000 = Liabilities + Equity (Retained Earnings) decreases - $310,000.
h. Assets (Supplies) increase + $5,100 = Liabilities (Accounts Payable) increase +$5,100 + Equity.
i. Assets (Cash) decreases - $5,100 = Liabilities (Accounts Payable) decrease - $5,100 + Equity.
2. Journal Entries:
a. Debit Cash Account $52,500
Credit Accounts Receivable $52,500
To record cash from customers.
b. Debit Cash Account $235,000
Credit Service Revenue $235,000
To record cash for service revenue.
c. Debit Equipment $41,900
Credit Cash Account $12,000
Credit Notes Payable $29,900
To record purchase of 10 new computer services
d. Debit Advertising Expense $15,600
Credit Cash Account $15,600
To record payment for advertising.
e. Debit Cash Account $50,500
Debit Accounts Receivable $50,500
Credit Service Revenue $101,000
To record subscriptions for services sold.
f. Debit Utilities Expense $5,900
Credit Utilities Payable $5,900
To record utilities expense.
g. Debit Wages & Salaries Expense $310,000
Credit Cash Account $310,000
To record wages paid.
h. Debit Supplies Account $5,100
Credit Accounts Payable $5,100
To record purchase of supplies on account.
i. Debit Accounts Payable $5,100
Credit Cash Account $5,100
To record payment on account.
3. T-Accounts:
Cash Account
Beginning Balance $2,360,000 c. Equipment 12,000
a. Accounts Receivable 52,250 d. Advertising Expense 15,600
b. Electronic Arts, Inc. 235,000 g. Wages & Salaries 310,000
e. Service Revenue 50,500 i. Accounts Payable 5,100
Balance c/d 2,355,050
2,697,750 2,697,750
Balance b/d 2,355,050
Accounts Receivable
Beginning Balance 152,000 a. Cash 52,250
e. Service Revenue 50,500 Balance c/d 150,250
202,500 202,500
Balance b/d 150,250
Supplies
Beginning Balance 19,100 Balance c/d 24,200
Accounts Payable 5,100
24,200 24,200
Balance b/d 24,200
Equipment
Beginning Balance 948,000 Balance c/d 989,900
c. Cash 12,000
c. Notes Payable 29,900
989,900 989,900
Balance b/d 989,900
Land
Beginning Balance 1,920,000
Building
Beginning Balance 506,000
Accounts Payable
i. Cash 5,100 Beginning Balance 109,000
Balance c/d 109,000 h. Supplies 5,100
114,100 114,100
Balance b/d 109,000
Unearned Revenue
Beginning Balance 152,000
Advertising Expense
d. Cash 15,600
Utilities Expense
f. Utilities Payable 5,900
Utilities Payable
f. Utilities Expense 5,900
Wages & Salaries Expense
g. Cash 310,000
Service Revenue
b. Cash 235,000
Balance c/d 336,000 e. Cash 50,500
e. Accounts Receivable 50,500
336,000 336,000
Balance b/d 336,000
Notes Payable (due 2018)
Balance c/d 109,900 Beginning Balance 80,000
c. Equipment 29,900
109,900 109,900
Balance b/d 101,000
Common Stock
Beginning Balance 2,200,000
Retained Earnings
Beginning Balance 3,364,100
4. Trial Balance as at January 31:
Debit Credit
Cash $2,355,050
Accounts Receivable 150,250
Supplies 24,200
Equipment 989,900
Land 1,920,000
Building 506,000
Advertising expense 15,600
Utilities Expense 5,900
Utilities Payable $5,900
Wages & Salaries 310,000
Service Revenue 336,000
Notes Payable 109,900
Accounts Payable 109,000
Unearned Revenue 152,000
Common Stock 2,200,000
Retained Earnings 3,364,100
Total $6,276,900 $6,276,900
Explanation:
a) Note: the adjustment of the Utilities could have been eliminated to produce the same result, with totals reduced by $5,900.
Answer 1:
Analysis of the effect of transactions on the accounting equation:
Assets = Liabilities + Equitya. Assets (Cash) increases +$52,500 and Assets (Accounts Receivable) decreases -$52,500 = Liabilities + Equity.
b. Assets (Cash) increases +$235,000 = Liabilities + Equity (Retained Earnings) increase + $235,000.
c. Assets (Equipment) increases +41,900; Cash decreases -$12,000 = Liabilities (Notes Payable) increase +$29,900 + Equity.
d. Assets (Cash) decreases -$15,600 = Liabilities + Equity (Retained Earnings) decrease - $15,600.
e. Assets (Cash) increases + $50,500 and (Accounts Receivable) increases + $50,500 = Liabilities + Equity (Retained Earnings) increase + $101,000.
f. Assets = Liabilities (Accounts Payable) increase +$5,900 + Equity (Retained Earnings) decrease -$5,900.
g. Assets (Cash) decreases - $310,000 = Liabilities + Equity (Retained Earnings) decreases - $310,000.
h. Assets (Supplies) increase + $5,100 = Liabilities (Accounts Payable) increase +$5,100 + Equity.
i. Assets (Cash) decreases - $5,100 = Liabilities (Accounts Payable) decrease - $5,100 + Equity.
Answer 2:
Journal Entriesa. Debit Cash Account $52,500
Credit Accounts Receivable $52,500
(To record cash from customers)
b. Debit Cash Account $235,000
Credit Service Revenue $235,000
(To record cash for service revenue)
c. Debit Equipment $41,900
Credit Cash Account $12,000
Credit Notes Payable $29,900
(To record purchase of 10 new computer services)
d. Debit Advertising Expense $15,600
Credit Cash Account $15,600
(To record payment for advertising.)
e. Debit Cash Account $50,500
Debit Accounts Receivable $50,500
Credit Service Revenue $101,000
(To record subscriptions for services sold)
f. Debit Utilities Expense $5,900
Credit Utilities Payable $5,900
(To record utilities expense)
g. Debit Wages & Salaries Expense $310,000
Credit Cash Account $310,000
(To record wages paid)
h. Debit Supplies Account $5,100
Credit Accounts Payable $5,100
(To record purchase of supplies on account)
i. Debit Accounts Payable $5,100
Credit Cash Account $5,100
(To record payment on account)
Answer 3:
T-AccountsCash Account
Beginning Balance $2,360,000 c. Equipment 12,000
a. Accounts Receivable 52,250 d. Advertising Expense 15,600
b. Electronic Arts, Inc. 235,000 g. Wages & Salaries 310,000
e. Service Revenue 50,500 i. Accounts Payable 5,100
Balance c/d 2,355,050
Total 2,697,750 2,697,750
Balance b/d 2,355,050
Accounts Receivable
Beginning Balance 152,000 a. Cash 52,250
e. Service Revenue 50,500 Balance c/d 150,250
Total 202,500 202,500
Balance b/d 150,250
Supplies
Beginning Balance 19,100 Balance c/d 24,200
Accounts Payable 5,100
Total 24,200 24,200
Balance b/d 24,200
Equipment
Beginning Balance 948,000 Balance c/d 989,900
c. Cash 12,000
c. Notes Payable 29,900
Total 989,900 989,900
Balance b/d 989,900
Land
Beginning Balance 1,920,000
Building
Beginning Balance 506,000
Accounts Payable
i. Cash 5,100 Beginning Balance 109,000
Balance c/d 109,000 h. Supplies 5,100
Total 114,100 114,100
Balance b/d 109,000
Unearned Revenue
Beginning Balance 152,000
Advertising Expense
d. Cash 15,600
Utilities Expense
f. Utilities Payable 5,900
Utilities Payable
f. Utilities Expense 5,900
Wages & Salaries Expense
g. Cash 310,000
Service Revenue
b. Cash 235,000
Balance c/d 336,000 e. Cash 50,500
e. Accounts Receivable 50,500
Total 336,000 336,000
Balance b/d 336,000
Notes Payable (due 2018)
Balance c/d 109,900 Beginning Balance 80,000
c. Equipment 29,900
Total 109,900 109,900
Balance b/d 101,000
Common Stock
Beginning Balance 2,200,000
Retained Earnings
Beginning Balance 3,364,100
Answer 4:Trial Balance as at January 31:
Debit Credit
Cash $2,355,050
Accounts Receivable 150,250
Supplies 24,200
Equipment 989,900
Land 1,920,000
Building 506,000
Advertising expense 15,600
Utilities Expense 5,900
Utilities Payable $5,900
Wages & Salaries 310,000
Service Revenue 336,000
Notes Payable 109,900
Accounts Payable 109,000
Unearned Revenue 152,000
Common Stock 2,200,000
Retained Earnings 3,364,100
Total $6,276,900 $6,276,900
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Less export more import is called
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Answer:
A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT).
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Stock Market the Tokyo Stock Exchange (Japan), the Shanghai Stock Exchange (China), and the London Stock Exchange are among the other significant exchanges in the world (England).
What is Stock Market?Shares of publicly traded corporations are bought, sold, and issued on the stock market. It consists of a number of exchanges where businesses can list their stocks.The New York Stock Exchange (NYSE) and Nasdaq are the two most well-known exchanges in the United States. The NYSE is the biggest stock market in the world and is home to some of the oldest publicly traded American businesses.The largest names in technology, including Apple, Alphabet, and Microsoft, are represented on the Nasdaq.Over the past 50 years, the S&P 500, which represents the American stock market, has returned an average of nearly 11%.The Tokyo Stock Exchange (Japan), the Shanghai Stock Exchange (China), and the London Stock Exchange are among the other significant exchanges in the world (England).Because it offers corporations long-term finance, the stock market is regarded as a capital market.To Learn more About Stock Market refer To:
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11. Katie wants to buy a dress. The regular price is $47.99, but it is on sale for 40% off. How much does the dress cost? 29, 15
Answers
The dress will cost Katie $29.
Cost price of the dress =$47.99
Discount offered = 40%
Therefore,
Discount amount = $47.99*40/100
= $19.196
Hence,
Selling price after discount = $47.99-$19.196
= $28.794
= $29
Selling price is usually the price in which a seller sells things to a customer its different from the price he/she brought from store, which is the cost price. The cost price is the actual price of the product that the seller has brought, usually in bunk and is lesser that than selling price.
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Which of the following is not an asset? A. Buildings B. Cash balance C. Debtors D. Loan from K Harris
Answers
Answer:
C. Debtors is the answer that I feel is correct
The following is not an asset is : Loan from K Harris , because Loan from K Harris is Liability not an asset. Loan from K Harris is definitely is not an asset its a liability and recorded on credit site of the Balance Sheet.
An asset is an item from which economic benefits flow unto an entity (a person or company in control of it). Thus, we can conclude from the question that:1. A Building - It is an asset.
2. A Cash Balance - It is an asset.
3. A Debtors - It is an asset.
4. Loan from K Harris-It is not an asset.
What is an asset?An asset is something containing economic value and/or future benefit. An asset can often generate cash flows in the future, such as a piece of machinery, a financial security, or a patent. Personal assets may include a house, car, investments, artwork, or home goods.What are Asset types?Cash and cash equivalents.Accounts Receivable.Inventory.Investments.PPE (Property, Plant, and Equipment)Vehicles.Furniture.Patents (intangible asset)Thus, we can say that the correct answer is : D - Loan from K Harris is not an assets .
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If you are paid $15 per $100 sold, what is your type of payment?
a. Commission
b. Salary
c. Wage
d. Pension
Please select the best answer from the choices provided
Answers
the best answer is a the Commission is the one that typed of payment
Accounts details $
Purchases 74,400
Sales 141,600
Return inwards 4,900
Sundry expenses 370
Freight charges 6,240
Motor vehicle expenses 7,250
Rent and Rates 5,720
Wages 19,600
Bank Loan interest 300
Bank Loan 6,000
Accounts receivable 15,000
Accounts payable 6,050
Inventory as at 1 January 2014 8,540
Equipment 5,800
Motor Vehicle 26,400
Drawings 12,000
Capital 35,700
Cash at Bank 2,830
Additional information:
i. Closing inventory at 31 December 2014 was valued at $10,750.
ii. A provision for doubtful debts of 3% of accounts receivable is to be made. (450)
iii. The rent and rates amount given above includes rent of $900 prepaid till 31 March 2015.
iv. Interest on the loan is at the rate of 10% per annum. (30)
v. Motor vehicles are to be depreciated by 20% per annum. (5280)
REQUIRED:
a) Prepare the Trial Balance based on the information given in the above table (Ignore the additional information when creating the Trial balance).
b) Prepare the Statement of Comprehensive Income and Statement of Financial Position for the year ended 31st December, 2014 (include the additional information given in your question).
solution
Answers
Answer:
a) Trial Balance as at 31st December, 2014:
Account Debit Credit
Purchases 74,400.00
Sales 141,600.00
Return inwards 4,900.00
Sundry expenses 370.00
Freight charges 6,240.00
Motor vehicle expenses 7,250.00
Rent and rates 5,720.00
Wages 19,600.00
Bank Loan interest 300.00
Bank Loan 6,000.00
Accounts receivable 15,000.00
Accounts payable 6,050.00
Inventory as at 01/01/14 8,540.00
Equipment 5,800.00
Motor Vehicle 26,400.00
Drawings 12,000.00
Capital 35,700.00
Cash at Bank 2,830.00
Total 224,350.00 224,350.00
b) Statement of Comprehensive Income for the year ended 31st December, 2014:
Particulars Amount ($)
Sales 141,600.00
Less: Return inwards (4,900.00)
Net Sales 136,700.00
Cost of Sales 74,400.00
Gross Profit 62,300.00
Less: Sundry expenses (370.00)
Less: Freight charges (6,240.00)
Less: Motor vehicle expenses (7,250.00)
Less: Rent and rates (5,720.00)
Less: Wages (19,600.00)
Operating Profit 23,120.00
Less: Bank Loan Interest (300.00)
Net Profit 22,820.00
Statement of Financial Position as at 31st December, 2014:
Particulars Amount ($)
Current Assets
Inventory 10,750.00
Accounts receivable 15,000.00
Prepaid Rent 900.00
Cash at Bank 2,830.00
Total Current Assets 29,480.00
Non-Current Assets
Equipment 5,800.00
Motor Vehicle 21,120.00
Less: Accumulated Depreciation (5,280.00)
Net Non-Current Assets 21,640.00
Total Assets 51,120.00
Current Liabilities
Accounts payable 6,050.00
Bank Loan 6,000.00
Total Current Liabilities 12,050.00
Net Assets 39,070.00
Equity
Capital 35,700.00
Add: Net Profit for the Year 22,820.00
Total Equity 58,520.00
Total Liabilities and Equity 51,120.00
Explanation:
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
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It can be a bit tricky to tell the difference between a national and international
business.
True
False
Answers
Answer:
False
Explanation:
Domestic business involves those economic transactions that take place within the geographical boundaries of a country. International business involves those economic transactions that take place outside the geographical boundaries of a country.
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Rule 1 - Don't have debt rise faster than income, because the debt burden will eventually crush you
Rule 2 - Don't have income rise faster than productivity, because you will eventually become uncompetitive
Rule 3 - Do all that you can to raise your productivity, because in the long run that's what matters most
Answers
The three rules below will help individuals achieve financial stability and security, which is critical for living a happy and stress-free life. They can learn new skills, enroll in courses, read books, and so on to increase their productivity levels.
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What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
If Steve Hewitt, City Administrator, were to say that the only thing important in running operations is to focus on efficiency in operations and that interpersonal relationships are unimportant then this is an example of which of which style depicted in the Leadership Grid? Authority-Compliance Team Management Middle-of-the-Road Management Country Club Management
Answers
Based on the Leadership Grid, Steve Hewitt, the City Administrator, is implementing Authority-Compliance Leaderhsip (A).
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Improvished managementCountry-club managementMiddle-of-the-road managementAuthority-compliance managementTeam managementImprovised leader has low concern for both his employees and his target. He tend to avoid troubles and keep his hand clean by not putting much concern for his employees well being, neither his achivement target. He has no care about the overall success of the team.
A country-club leader spends his time more on ensuring his employee well-being when performing their tasks. His priority is his employees happyness and he tends to oversee the targeted goal. He pays little to o concern for productivity rates of his team.
Middle-of-the-roal leader aims to balance his concern for both his employees and his team performance. However he avoids to put too much concern in both aspect and prefer to just ensure that both aspect are fulfilled. This kind of leader tends to have average employee satatisfaction and production level.
Authority-compliance leader pay little to no concern to his employee well being and just focus on his production performance. This kind of leader tends to be harsh on his employees and usually push his employee to work excessively. He would only focus on the employees' production level.
A leader who pays high concern for both his employees and performance is called as a team leader. This kind of leader will try to optimize his employees ability to achieve the maximum possible production level. He beliefs that the employees well-being will be reflected to their performance level. Hence, he will ensure his employees are happy and encourage them to give their best performance.
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Consider the following BPMN diagram:
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If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
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Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
Answers
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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Tam Worldly's weekly gross earnings for the present week were $2,000. Worldly has two exemptions. Using the wage bracket withholding table in Exhibit 2
with a $75 standard withholding allowance for each exemption, what is Worldly's federal income tax withholding? If required, round your answer to two
decimal places.
Answers
Answer: $391.71
Explanation:
Tam earned $2,000 for the week.
There are two exemptions with each of them valued at a $75 allowance.
Net earnings = 2,000 - (75 * 2)
= $1,850
Based on the table, this falls under the $1,533 to $3,202 bracket.
Federal income tax withholding is:
= 302.95 + 28% * (1,850 - 1,533)
= 302.95 + 88.76
= $391.71
The accounting treatment of owner-occupied properties and that of investment properties is prescribed by IAS 16: Property, Plant and Equipment and IAS 40: Investment Property respectively.
Required:
Define property, plant and equipment under IAS 16 and explain why its accounting treatment is different from that of investment property.
Explain how the treatment of owner-occupied property carried under the revaluation model differs from an investment property carried under the fair value model.
Answers
A property, plant, or piece of equipment must be depreciated separately for each component that has a cost that is significant relative to the total cost of the item.
How is property, plant, and equipment measured?Property, plant, and equipment are initially valued at their cost, then revalued or measured using a cost model. Finally, they are depreciated so that the depreciable amount is distributed systematically over the course of their useful lives.
Property, plant, and equipment are tangible items that are held for use in the manufacture or provision of goods or services, for rental to third parties, or for administrative needs, and that is anticipated to be used over a prolonged period of time.
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A clothing eCommerce comapny has an Average Order Value of $65. It costs the company $35 to produce the clothes in the average order and $15 to ship it to the customer. What is the Average Order's Gross Profit? * $65 $50 $30 $15
Previous question
Answers
The average order's gross profit for the ecommerce company is $15. The Option D is correct.
What is the calculation for the gross profit?To calculate the average order's gross profit, we will subtract the total cost of producing and shipping the clothes from the revenue generated by the order.
Revenue generated by the order is $65.
The total cost of producing and shipping the clothes is:
= $35 + $15
= $50.
The gross profit of the average order is:
= $65 - $50
= $15.
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PLEASE HELP ME QUICK!
Which of these is not an example of a trade restriction?
a. paying a subsidy to domestic farmers
b. charging a tariff on imports
c. taking land to build an airport
d. limiting the import of certain goods
Answers
Answer:
c. taking land to build an airport.
Explanation:
While the other options (a, b, and d) are examples of trade restrictions, the act of taking land to build an airport is not directly related to trade restrictions. It is more related to the acquisition of land for public infrastructure development, which may involve eminent domain or other legal processes.
Measuring actual performance can be done through:
a.
Assessing the behavior of employee
b.
Assessing the output of employee
c.
Both are correct
d.
Non are correct
Answers
Answer: c. Both are correct
Explanation:
Assessing the output of an employee shows some of the actual performance of that employee as it shows just how much they have contributed to the overall output of the company.
Assessing employee behavior also shows actual performance because behavior can influence output for example, how often the employee shows up to work and their work ethic when there. In the service industry as well, behavior can affect company sales as people react to how they are treated. It is therefore an important matric for actual performance evaluation.
A market that gives companies a way to raise needed capital and gives investors an opportunity for gain by allowing those companies' stock shares to be trade
Answers
Answer:
Stock exchange market
Explanation:
The stock exchange market is where stocks and other marketable securities are traded. It is where buyers and sellers of stocks meet to trade.
The stock exchange is a highly regulated market. Most of the trading is done electronically. The stock exchange market facilitates companies and governments to raise capital to finance their operations. They also provide investment opportunities for investors.
If Emmett wants to pay off his student loan by making monthly payments
for 10 years, what type of repayment plan is best for him?
Standard repayment plan
O Extended repayment plan
O Income-driven repayment plan
O Graduated repayment plan
-Submit
Answers
Answer:
income driven
Explanation:
if he wants to make monthly payments, income driven is the best option because he would get paid monthly for what ever job, and then pay a percentage of that towards his student loan
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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________ is the model in which an effective leader makes desirable rewards available, clarifies how employees can achieve objectives, and provides them support in doing so.
Answers
Answer:
House's path-goal model.
Explanation:
Robert House developed the theory of the objective-path, which is a theory that supports the servile leadership style, because House believed that the behavior of the leader is capable of directly interfering in the behavior of the collaborators, therefore, the leaders must be the biggest suppliers of essential support and resources for employees to carry out their work effectively.
He has developed 4 different leadership styles that leaders must have to help employees achieve their goals and objectives.
They are:
Directive, Supportive, Participative, Achievement-oriented.These four styles will provide the essential guidelines and conduct for being a servant and collaborative leader.
Please see attached file
Answers
Cash flow is the term used to describe the money or cash equivalents that enter and exit a business over a specific time period.
What does Trout mean by that?
Trout are frequently used as realities and symbols in both books. Of course, Ernest Hemingway used trout and trout streams to represent the possibility of a better life after World War I. Brautigan appropriated Papa's trout streams in the 1960s for a kinder, funkier interpretation of American manhood and life.
Trout comes in both singular and plural forms. Because it is a mass noun, any quantity or number of it is treated as the singular. I only managed to catch one trout today. I caught so many trout yesterday.
Various fish are commonly referred to as Cash flow.
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Which of the following is not a level of control
Answers
Answer:
ere are the option???
Explanation:
20 word thing do b annoying
introduction of business presentation on investment: securities
Answers
Securities play a vital role in modern investment portfolios, providing individuals and organizations with opportunities to grow their wealth and achieve their financial goals.
Securities are financial instruments that represent ownership or a creditor relationship with a corporation, government, or other organizations. They are tradable assets, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
The primary goal of investing in securities is to generate returns through capital appreciation, income generation, or a combination of both. By investing in securities, individuals and businesses can diversify their portfolios, mitigate risks, and potentially earn higher returns than traditional savings accounts.
Securities offer various advantages to investors. Stocks provide an ownership stake in a company, offering potential capital gains and dividend income. Bonds, on the other hand, represent loans made to governments or corporations and offer fixed interest payments. Mutual funds and ETFs enable investors to pool their money and gain exposure to a diversified portfolio managed by professionals.
Investing in securities requires careful consideration of individual risk tolerance, investment horizon, and financial objectives. It is crucial to conduct thorough research, analyze market trends, and seek professional advice when making investment decisions.
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Purpose of listening in communication
Answers
Answer:
Listening skill allows one to make sense of and understand what another person is saying. In other word listening skills allow people to understand what someone is talking about -the meaning behind the word.. The ability to listen carefully allows worker to better understand assignments they are given.
What are the differences between CDs and US Savings Bonds which is better and why?
Answers
The FDIC provides protection for CD accounts up to $250,000 and often offers somewhat better rates of return. US savings bonds have no cap on the amount of coverage and are backed by the country's complete faith and credit.
Why is a CD preferable to a savings account?Traditional savings accounts typically don't offer as much interest as CDs, and the annual percentage yield (APY) is fixed. It's wise to create a CD ladder in a rising-rate environment so that all of your money isn't tied up at a lesser rate as yields rise. A minimum deposit is typically needed to open a CD account.
Are CDs subject to taxation?In a nutshell, yes, the IRS will tax any interest you get on your CD that is greater than $10. For each tax year that the interest is earned, this is required. Therefore, if you have a three-year CD, you will only be taxed on the interest you get this year.
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help ASAP help ASAP help ASAP
Answers
Answer:marketing
Explanation:this is because restaurants spend millions of dollars on billboards and commercials
It could be any of them. If its a buffet probably food. But if its a sit-in order restaurant its probably marketing costs (ads) or labor.
What stock should I buy
Answers
What happens when a firm makes a decision to grow from within?
Answers
Answer:
most grow by expanding their present operations. some introduce and sell new but related products. others expand the sale of present precepts to new geographic markets or to new groups of consumers in geographic markets already served.
Explanation: