Balance sheets and income statements are invaluable tools to gauge your business's performance and prospects. This guide will help you understand how to use these financial statements.
What is a balance sheet?
Balance sheets and income statements are invaluable tools for business owners to measure their company’s performance and prospects, but they differ in key ways.A balance sheet provides a snapshot of a firm’s financial position at a specific point in time, while an income statement – also known as a profit and loss statement – measures performance over some time. Accounting software helps to manage both of these financial statements.This article is for small business owners who want to understand how to use balance sheets and income statements.Learn more about the balance sheet here https://brainly.com/question/1113933
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Sarah pays her personal trainer, Lily, by check. Lily uses the check to pay her grocery bills in a supermarket. How is Lily able to use the check to make her grocery payments?
Lily is able to use the check from Sarah to make her grocery payments by depositing the check into her bank account and then using the funds from the account to pay for her groceries.
When Lily receives the check from Sarah, she can endorse the back of the check with her signature and deposit it into her bank account. The bank then processes the check and credits the amount to Lily's account, making the funds available for her use. With the funds in her bank account, Lily can either withdraw cash or use other payment methods, such as a debit card or online transfer, to make her grocery payments at the supermarket.
Using checks as a form of payment offers convenience and security. It eliminates the need for carrying large amounts of cash and provides a record of the transaction. By depositing the check into her bank account, Lily can access the funds easily and use them for her various financial needs, including paying her grocery bills. The banking system ensures that the check amount is transferred from Sarah's account to Lily's account, enabling her to make purchases without relying solely on physical cash.
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A minimum viable product is a prototype used to test ease-of-use and______
A. performance
B. viability
C. functionality
D. cost
Answer:
functionality C
Explanation:
A minimum viable pro-duct is a prototype used to test ease-of-use an-d functionality.
While a PoC on-ly investigates the product's one asp-ect, a prototype models seve-ral aspects of the product. Usu-ally, the develop-ment team uses proto-types to discover errors in the pro-duct. By creating a prototype, they can te-st the product's design, usa-bility, and oft-en functionality.
What is a minimum viable prototype ?A minimum viable proto-type is the least amo-unt of effort and a general-ized approach to build-ing a prototype. It will be the first st-ep to becoming more comfort-able with incorp-orating prototyping into your day to day w-ork.
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-Did the recrystallization procedure improve the purity of your benzoic acid sample? Briefly justify your answer.
-The percent recovery in recrystallization is usually less than 100% (although sometimes it can be 100% or larger, see the next problem). This is due to loss of impurity, some material left dissolved in the mother liquor and "mechanical losses". Explain what these mechanical losses really are.
-When you calculate a percent recovery you may find sometimes that it is larger than 100%. Assuming this is NOT due to errors associated with zeroing the balance, subtracting the weight of the watch glass or weigh paper, or inaccuracies in the balance calibration, suggest a possible reason for this.
Recrystallization does improve the purity of your benzoic acid sample. Mechanical losses refer to losses due to crystals sticking to the sides of the container or filter paper during filtration, or being spilled when transferring the crystals. Percent recovery being larger than 100% may be due to the small amount of solvent that may be left on the crystals after recrystallization.
The recrystallization procedure improved the purity of benzoic acid sample. In recrystallization, the solute is dissolved in the minimum possible quantity of a hot solvent, and then the mixture is cooled to room temperature slowly. During this cooling process, the solute begins to come out of the solution and form crystals because solubility decreases as the temperature decreases.
This also happens to the impurities, which do not form crystals with the solvent at lower temperatures, and they are left in the solution. The crystals are collected by filtration, dried, and then weighed. This process purifies the solid as well as separates it from impurities. If the procedure was carried out correctly, the recovered benzoic acid should be highly pure.
Mechanical losses are defined as the loss of solute material during recrystallization due to decanting, transfer, and spillage of the solution. This type of loss occurs during the filtration process when crystals of solute are left on the filter paper or filter funnel. This may result in lower percent recovery when compared to the theoretical yield.
In contrast to the initial mass of the impure solid, the final mass of the solid obtained from recrystallization is usually lower than expected. This is a consequence of the loss of material from filtration, as well as losses due to evaporation and dissolution, and any other factors that may have led to the low recovery rate.
Subtracting the weight of the watch glass or weigh paper, inaccuracies in the balance calibration, or errors associated with zeroing the balance are not the cause of the percent recovery being greater than 100%. The theoretical yield is the maximum possible amount of the product that can be obtained, and it is calculated based on stoichiometry.
If the percent yield is greater than 100%, it is due to the weight of water or solvent remaining in the sample, as well as any other impurities that may be present in the sample. Another potential explanation for this occurrence is that the mass of the impure solid may have been underestimated or not calculated properly.
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Carlos took seven years to pay off his loan by making identical quarterly payments. the loan had a principal of $22,375 and 5.49% interest, compounded quarterly. carlos paid a total of $28,821.67. how much did carlos pay in service charges? round all dollar values to the nearest cent.
a. $1,721.31
b. $4,725.36
c. $1,670.98
d. $6,446.67
please select the best answer from the choices provided a b c d
The correct response is a. $1,721.31. Carlos pay in service charges $1,721.31.
A service charge is a cost incurred to cover extra services obtained in addition to the main good or service acquired. The fee is typically imposed after the transaction is finished. Restaurants, banking, travel, and tourism are just a few of the industries that charge service fees. Tenants pay service charges to cover the cost of community or shared services provided to a building and, if relevant, the surrounding estate. In your leasing agreement, it is specified how charges are computed and what they cover. If a payment is explicitly presented to the customer as a totally discretionary contribution, HMRC will accept that it is a voluntary service charge. The material that the customer sees should reflect this and be in line with the guidance provided to clients by staff members.
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If the United States falls into a recession, which action would the Federal Reserve take to encourage employment?
A. Buy government securities.
B. Increase reserve requirements.
C. Raise federal funds and prime rates.
D. Sell government securities.
Answer:
A; buy government securities
little river corporation contracts with a customer to construct an apartment building. it determines it has one performance obligation that is satisfied over time. the following information is for year 1: year 1 (of 3-year project) construction costs incurred during the year $150,000 estimated costs to complete the project 470,000 partial billings to customers 75,000 collections from customers 15,000 total contract price 1,000,000 the total revenue to date is a.$150,000. b.$320,000. c.$470,000. d.$240,000.
Little river corporation contracts with a customer to construct an apartment building. it determines it has one performance obligation that is satisfied over time. The total revenue to date is d) $240,000.
Based on the information provided, Little River Corporation has a contract with a customer to construct an apartment building. They have determined that they have one performance obligation that is satisfied over time. This means that they will recognize revenue as the work is completed, rather than all at once upon completion of the project.
During year 1 of the project, Little River Corporation incurred construction costs of $150,000. They also estimated that it would cost them $470,000 to complete the entire project. They partially billed the customer for $75,000 and collected $15,000 from the customer. The total contract price for the entire project is $1,000,000.
To determine the revenue to be recognized for year 1, we need to use the percentage of completion method. This method requires us to calculate the percentage of the project that has been completed at the end of the year. We can do this by dividing the total construction costs incurred during the year ($150,000) by the estimated total project costs ($470,000). This gives us a percentage of 31.91%.
Next, we need to calculate the revenue to be recognized for year 1. To do this, we take the percentage of completion (31.91%) and multiply it by the total contract price ($1,000,000). This gives us revenue of $319,100. However, we also need to subtract the amount of partial billings to customers ($75,000) from this amount, since we have already recognized this revenue. This gives us a final revenue amount of $244,100.
Therefore, the correct answer is d. $240,000. This is the closest answer to our calculated revenue of $244,100. It is important for companies to use the percentage of completion method to accurately reflect the revenue earned over time for long-term contracts. This method ensures that revenue is recognized as work is completed and allows for more accurate financial reporting.
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I need help with the business ventures Pt 3 assignment, I dont know how to do the tables with graphic designing business. I NEED HELP FAST!!!
Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
What about graphic design?Graphic design is both a profession and an academic field. and applied art, whose work entails the projection of visual signals meant to convey particular messages to social groups with specific aims. An multidisciplinary area of both the fine arts and design, graphic design is. Using manual or digital technologies, it requires creativity, invention, and lateral thinking. Text and visuals are frequently used to convey ideas graphically.The graphic designer's function during the communication process is that of the message's encoder or interpreter. They focus on the analysis, arrangement, and presentation of visual messages. Graphic design typically goes beyond what language alone can say by using ornamentation, graphics, compositional arrangement of the text, and appealing typography.Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
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The application of scientific knowledge to the development and improvement of goods and services is generally referred to as ______. Multiple choice question. technology information production
Answer:
Technology.
Explanation:
As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.
1. In 4-5 sentences, summarize the conception, hurdles, and
implementation of the Central Valley
Project.
2. Did companies or individual farmers end up receiving the CVP
water? How did they get around
1. The Central Valley Project (CVP) is a large-scale water management system in California, conceived in the early 20th century to address the water needs of the agricultural sector and urban areas.
The project faced various hurdles, including securing funding, acquiring land and water rights, and addressing environmental concerns. It was implemented through the construction of dams, reservoirs, canals, and pumping stations to store and distribute water across the Central Valley.
The CVP transformed the region by providing irrigation water for farming, municipal water supply, flood control, and hydropower generation, but also faced criticism for its impact on ecosystems and wildlife habitats.
2. Both companies and individual farmers ended up receiving CVP water. The water was distributed through contracts with the federal government, allowing water users to purchase or lease water allocations. Companies and farmers had to comply with regulations and obtain water rights to access CVP water.
They also had to pay for the water used based on their water rights or through contractual agreements.
The allocation of CVP water involved balancing the needs of various stakeholders, including agricultural, municipal, and industrial users.
Over time, water allocation and distribution methods have evolved, taking into account factors such as water availability, changing regulations, and environmental considerations.
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you are looking to buy a car. you can afford $400 in monthly payments for four years. in addition to the loan, you can make a $1,500 down payment. if interest rates are 8.25 percent apr, what price of car can you afford (loan plus down payment)?
With a $1,500 down payment and a monthly payment of $400 for four years at an 8.25% APR, you can afford a car with a price of approximately $18,058.34.
How to calculate the amountFirst, we need to calculate the loan amount without considering the down payment. We'll use the formula for the present value of an ordinary annuity:
Let's plug in the values:
PMT = $400
r = (8.25% / 100) / 12 (convert annual interest rate to monthly and divide by 100)
n = 48
r = 0.006875 (rounded to 6 decimal places)
PV = $400 × [(1 - (1 + 0.006875⁻⁴⁸)) / 0.006875]
PV ≈ $16,558.34
Now, let's add the down payment to the loan amount:
Loan amount = PV + Down payment
Loan amount = $16,558.34 + $1,500
Loan amount ≈ $18,058.34
Therefore, with a $1,500 down payment and a monthly payment of $400 for four years at an 8.25% APR, you can afford a car with a price of approximately $18,058.34.
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economic profit differs from accounting profits because of its inclusion of
implicit costs, also known as opportunity costs. Accounting profit only takes into account explicit costs, such as wages, rent, and materials used in production.
Implicit costs are the opportunity costs of using resources for one purpose rather than another, such as the forgone income that could have been earned from an alternative use of capital or labor. Economic profit is calculated by subtracting both implicit and explicit costs from total revenue, whereas accounting profit is calculated by subtracting only explicit costs from total revenue. As a result, economic profit is generally lower than accounting profit.
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A 30-year bond with face amount 10,000 and redeemed at par is bought to yield
(2) = 8%. In each of the following cases, find the purchase price of the bond and
the bond’s coupon rate.
a) The final entry in the amortization schedule for accumulation (book value
adjustment) of discount is 80
b) The final entry in the schedule for interest due is 404
a) By discounting these cash flows at the yield rate of 8%, one can determine the purchase price.
b) The cash flows at the yield rate of 8% to determine the purchase price.
a) To find the purchase price of the bond and the bond's coupon rate when the final entry in the amortization schedule for accumulation of discount is $80, we need to calculate the present value of the bond's future cash flows.
This includes the periodic coupon payments and the redemption amount at maturity. By discounting these cash flows at the yield rate of 8%, we can determine the purchase price. The coupon rate can then be calculated by dividing the annual coupon payment by the face amount of the bond.
b) To find the purchase price of the bond and the bond's coupon rate when the final entry in the schedule for interest due is $404, we need to calculate the present value of the bond's future cash flows.
Similar to the previous case, we discount the cash flows at the yield rate of 8% to determine the purchase price. The coupon rate can be calculated by dividing the annual coupon payment by the face amount of the bond.
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Which characteristic of organizational culture relates to how much management focuses on results rather than on the methods used to achieve results?
A.
Outcome orientation
B.
Stability
C.
Innovation and risk taking
D.
Aggressiveness
E.
People orientation
The characteristic of organizational culture that relates to how much management focuses on results rather than on the methods used to achieve results is A. Outcome orientation.
This aspect of organizational culture emphasizes the importance of achieving specific goals and outcomes, regardless of the methods used to achieve them. Management in an outcome-oriented organizational culture places a strong emphasis on results and may be less concerned with the specific processes or methods used to achieve those results.
Outcome orientation is a type of business approach that focuses on the end result or the desired outcome of a project or task. It is an entrepreneurial mindset that prioritizes the desired result, rather than the process or the means of achieving it.
Outcome orientation involves taking a proactive approach to problem-solving and decision-making, and it encourages individuals to be creative in their approach to working. The outcome orientation approach also encourages businesses to be customer-centric, anticipating the needs and wants of their customers.
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what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit
Answer:
D) certificate of deposit.
Explanation:
Broussard Skateboard's sales are expected to increase by 15% from $8.6 million in 2019 to $9.89 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.
The Additional Funding requirement (AFN) will be $743,240.
Additional funding needed for next year [AFN]
Next year's expected sales = $9,890,000
Profit margin after tax
Profit margin after tax = next year's expected sales × profit margin
= $9,890,000 × 4.00%
= $395,600
Dividend pay-out
Dividend pay-out = after tax profit margin × dividend payout ratio
= $395,600 × 60%
= $237,360
Add to retained earnings
Additions to retained earnings = profit margin after tax - dividend pay-out
= $395,600 - $237,360
= $158,240
Increase in total assets
Increase in total assets = Total assets × percentage increase in sales
= $3,000,000 × 15%
= $450,000
Increase in spontaneous responsibilities
Increase in accrued liabilities = [accounts payable + accruals] × percentage increase in sales
= [$450,000 + $450,000] × 15%
= $900,000 × 15%
= $135,000
Additional Funding Needed [AFN]
Therefore, Additional Funds Needed [AFN] = Increase in total assets - Increase in outstanding liabilities - add in retained earnings
= $450,000 - $135,000 - $158,240
= $743,240
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what is meant by recession
Answer:
Spatial recession in paintings is the relationship between objects which appear to lie near to the observer and those which seem further away, and thus recede into space. ...
Explanation:
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
Oscar received his credit report and sees that his VantageScore is 400. Which factor could be the cause?
a
He filed for bankruptcy 15 years ago.
b
He has five credits cards with high balances.
c
He has a low debt-to-credit ratio.
d
He has applied for his first loan in his life.
Answer:
b. He has five credits cards with high balances.
Explanation:
A VantageScore is a credit score model that shows the probability that someone will pay the loans. A 400 VantageScore is very poor and people can get this score for different situations like bankruptcies as they will appear in your report for up to 10 years, having high utilization rates on your credit card and missing payments. According to this, the answer is that the factor that could be the cause is: he has five credits cards with high balances because he would have a high utilization rate which hurts the credit score.
The other options are not right because a bankruptcy appears in the report for up to 10 years, a low debt to credit ratio shows that you use your credit in a responsible form and it won't hurt your credit acore. Also, if someone doesn't have a credit history, there is no score because there is no data to define that.
Select all that apply.
Dialect is a language that is distinctive mainly in pronunciation based on:
entertainment
geographic location
culture
social setting
Answer:
Geographic location, social setting, and culture
Explanation:
I chose those options and got it right on the quiz.
In general Accounts are split into Personal Accounts and ImpersonalAccounts
True
False
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
An account can be defined as a formal and individual record of the financial transactions of a person, business firm, goods, assets, liability, etc.
All the transactions with respect to a particular item such as income, expenses, assets, liability, etc., are recorded in its account.
In general, accounts are split or divided into two main categories and these includes;
I. Personal Accounts
II. Impersonal Accounts.
Summarize the functions of a CRO in a firm. Use the editor to format your answer Explain risk profiling and its importance in the risk management process. Use the editor to format your answer
The functions of a CRO (Chief Risk Officer) in a firm include risk identification, assessment, mitigation, and monitoring. Risk profiling is the process of evaluating an individual's or entity's risk tolerance, risk appetite, and risk capacity. Risk profiling is crucial in the risk management process as it helps align risk exposures with an individual's or organization's risk preferences and capabilities.
The CRO is responsible for identifying and evaluating various risks that the firm may face, such as operational, financial, strategic, and regulatory risks. This involves conducting risk assessments, analyzing potential impact and likelihood, and developing risk management strategies. By proactively identifying risks, the CRO helps the firm anticipate and mitigate potential threats, minimizing financial losses and reputational damage.
The CRO also plays a crucial role in establishing risk management policies and frameworks within the organization. This includes developing risk mitigation strategies, implementing control measures, and monitoring compliance with risk management procedures. By embedding risk management practices throughout the firm, the CRO ensures a proactive and systematic approach to addressing risks.
Furthermore, the CRO provides regular reporting to senior management and the board of directors, highlighting key risk exposures, trends, and mitigation efforts. This facilitates informed decision-making and enables the organization to align its risk appetite with strategic objectives.
By conducting risk profiling, individuals or organizations can gain a better understanding of their risk tolerance and make informed decisions regarding risk management strategies. Risk profiling allows them to identify and prioritize risks based on their potential impact and likelihood, enabling the allocation of resources and efforts towards areas of higher importance.
Moreover, risk profiling helps in establishing risk management frameworks and policies that are consistent with the risk profile. It assists in determining appropriate risk limits, defining risk appetite statements, and setting risk management objectives that align with the risk preferences and capacities of the individual or organization.
Importantly, risk profiling helps avoid situations where individuals or organizations take on risks that are beyond their capacity to handle, reducing the likelihood of severe financial or reputational losses. It also aids in identifying areas where risk mitigation measures or risk transfer mechanisms, such as insurance, may be necessary to align risk exposures with risk capacities.
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At the start of the month, Acme Enterprises reported a $34,000 debit balance in its cash account. During the month, Acme collected cash of $30,000 and made disbursements of $42,000. At the end of the month, the cash balance is
The beginning cash balance plus all period-specific cash receipts less period-specific cash payments equals the ending cash balance.
$34,000 + 30,000 42,000 = $22,000 is the finishing cash amount.
An organization's cash position can be used however it sees fit and is represented by a cash balance payments . Beyond the actual typical bills and coins, cash contains other items.
A current account balance, undeposited checks, and any other currencies are all examples of cash. The amount on hand is known as the cash balance. To obtain that, add this month's cash flow to the previous month's cash balance, which implies subtraction in the event that the cash flow is negative.
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Frank owns a gas station on the edge of town. As the town grows, more homes are built and the area where his gas station is gets re-zoned as residential. What specific exception would allow Frank to continue operating the gas station
Answer: to resize the gas stayion
to
Explanation: sorry a don't now.
Part A:
On December 1, 2021, Källgren Inc. borrowed $420,000 from Simmonds Credit Union for nine (9) months at 8% annually, payable on the 1st of every month. The company has a December 31 year end. Which of the following statements is true? Show your work.
a) No entry would be made to interest expense until the end of the loan period, at the end of the nine months
b) The company would record a Dr. to Interest expense and a Cr. to Interest payable of $3,733.33 on December 31, 2021
c) The company would record a Dr. to Interest expense and a Cr. to Cash of $3,733.33 on January 1, 2022
d) The company would record a Dr. to Interest expense and a Cr. to Cash of $2,800 on January 1, 2022
e) The company would record a Dr. to Interest expense and a Cr. to Interest payable of $2,800 on December 31, 2021
The company would record a Dr. to Interest expense and a Cr. to Interest payable of $2,800 on December 31, 2021, which is truly among the given statements. The correct option is e.
To calculate the interest expense for the month of December, we need to first calculate the monthly interest rate. The annual interest rate is 8%, which means the monthly interest rate is 8%/12 = 0.67%.
The interest expense for December can be calculated as:
Interest expense = Loan amount x monthly interest rate
= $420,000 x 0.67%
= $2,814
Since the loan was taken on December 1, 2021, and the company has a December 31 year-end, the interest expense for December needs to be recorded on December 31, 2021. The entry would be:
Dr. Interest expense of $2,814
Cr. Interest payable $2,814
Therefore, option e) is the correct answer.
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A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by?
A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
What is tax credit?Tax credit can be defined as the money deducted from the tax you owe.
Using this formula
Tax reduction=Amount owe- Tax bracket percentage
Let plug in the formula
Tax reduction=$5,000×35%
Tax reduction=$1,750
Therefore a tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
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Through the use of a(n)________, Texas cities have resolved issues pertaining to limiting the sale of beer and wine, whether property taxes for seniors and people with disabilities should be frozen, whether to increase the minimum wage, and whether to place a cap on property tax rates.
Through the use of a referendum, Texas cities have resolved issues pertaining to limiting the sale of beer and wine, whether property taxes for seniors and people with disabilities should be frozen, whether to increase the minimum wage, and whether to place a cap on property tax rates.
A referendum is a method by which citizens can directly vote on a specific issue or proposal. It allows the residents of a city or state to have a say in decisions that affect them. In the context of the question, a referendum has been used in Texas cities to address various issues such as the sale of alcohol, property taxes for seniors and people with disabilities, minimum wage, and property tax rates.
For example, if a city wants to limit the sale of beer and wine, they can put this issue to a referendum. This means that the city's residents would vote on whether or not they support such a limitation. The outcome of the referendum would determine whether the city implements the proposed limitation.
Similarly, if there is a proposal to freeze property taxes for seniors and people with disabilities, a referendum can be used to gather the opinions of the residents. The referendum would provide a democratic way to decide whether this proposal should be implemented.
Likewise, a referendum can be used to gauge public opinion on increasing the minimum wage or placing a cap on property tax rates. By allowing citizens to vote on these issues, Texas cities can make decisions that align with the preferences of their residents.
In summary, a referendum is a tool that Texas cities use to involve their residents in decision-making processes. It allows citizens to directly vote on specific issues, such as limiting the sale of alcohol, freezing property taxes for seniors and people with disabilities, increasing the minimum wage, and placing a cap on property tax rates.
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What are scarce resources
Answer:
Scarce resources are resources that are in limited availability.
Explanation:
Hope this helped:)
Answer:
Limited Goods or goods that are running out
Explanation:
Economic Definition of scarce resource. Defined. Scarce goods are also termed economic goods. Scarce resources are used to produce scarce goods. Like the more general society-wide condition of scarcity, a given resource is scarce because it has a limited availability in combination with a greater productive use.
The INS, or Immigration and Naturalization Service, was reorganized in 2003 and became incorporated into _____.
the Department of Homeland Security
the U.S. Marshals Service
the National Security Council
the Justice Department
Answer: the department of homeland security
Explanation:
When prices are ABOVE the equilibrium level,
A
Suppliers produce more than consumers want to purchase.
B
Consumers want to purchase more of the item than is supplied.
C
Suppliers have less incentive to supply as much as is desired.
D
Consumers purchase none of the items supplied.
Answer: B
Explanation: