Answer:
I would buy or create another company.
Explanation:
5. Assume you are about to graduate. How would you apply your job search? In what ways would you be able to create, com value as a potential employee, and what would that value is, ex prove that you can deliver that value?
Answer:
When applying for a job, I would start by researching the company and the position I am applying for. I would then create a tailored resume and cover letter that highlight my skills and experiences that make me a good fit for the role. I would also use my network to reach out to contacts who may have insight into the company or position. Additionally, I would use online job boards and job-search sites to find potential opportunities.
To create value as a potential employee, I would emphasize my unique skills, experiences, and qualifications that make me a great fit for the role. I would also demonstrate my commitment to the company by showing how I would contribute to the company’s success. Additionally, I would emphasize my work ethic and my ability to work both independently and collaboratively with a team.
To prove that I can deliver this value, I would provide examples of past accomplishments and successes that demonstrate my capabilities. I would also provide references who can attest to my abilities and provide evidence of my commitment to the job. Additionally, I would be prepared to answer questions about my qualifications and experiences during the interview process.
Explanation:
which of the following should not be recorded in income and expenditure account?
a.sale of old newspaper.
b.loss on sale of asset .
c.honorarium paid to the secretary .
d.Sale proceeds of furniture
Answer:
C. honorarium paid to the secretary
Explanation:
What was the most important consumer product in the 1920s and what did it do to society?
The most important consumer product in the 1920s however the maximum important purchaser manufactured from the 1920s become the car.
The prosperity of the 1920s brought about new styles of intake or buying client items like radios, motors, vacuums, beauty products, or garb. The enlargement of credit scores in the Twenties allowed for the sale of greater purchaser goods and put motors within attain of average Americans.
The automobile played into the 1920s popular culture as it granted people independence. It added Flaming youth from the agricultural regions to the huge town and again again. It made speakeasies and jazz clubs on hand for aspiring musicians.
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Have you ever held a job under a different name? If so, please provide the name under which you worked.
Giving a job under a different name, the name was legal under which worked.
Legal lists are frequently low-risk, low-volatility investments that ensure the well-being of investors in institutions where the safety of the principal is a worry. From the perspectives of the financial institution and the client, they can be seen as reasonably safe investments because there is little risk involved on either side. As determined by the Lawyers to be reasonably necessary to (a) investigate Claims, (b) prosecute Claims, (c) negotiate a Settlement of Assertion, and (d) negotiate to secure and maintain funding for Claims on behalf of Group Members, "Legal Work" includes any advice and legal services provided to Group Mates or for the benefit of Group Members. This includes both Common Benefit Work and any Individual Legal Work.
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Given the following information, calculate the ceiling price: target price=$193; government share of overrun-40/60; CRM-$180; target cost: $170.
O $200
$197
$203
$193
Answer: $185.33.
Explanation: Given the provided information:
Target Price = $193
Government Share of Overrun = 40/60 (or 4/6)
Target Cost = $170
Ceiling Price = $170 + (4/6 * ($193 - $170))
Ceiling Price = $170 + (4/6 * $23)
Ceiling Price = $170 + (2/3 * $23)
Ceiling Price = $170 + $15.33
Ceiling Price ≈ $185.33
Therefore, the ceiling price is approximately $185.33.
Identifying relevant information Dave Schneider manages an IT department for a large corporation. Blair Murphy, vice president for marketing, has asked him to help her evaluate two statistical packages for monitoring customer purchases. Stat-Max costs $912,000, requires 2 gigabytes of disk storage space and 80 programmer hours for customization, and has no annual license fee. The software vendor provides 150 hours of user training and offers 24-hour technical support. Buy Tracker costs $500,000, requires 2 gigabytes of disk storage space and 125 programmer hours for customization, and carries a $10,000 annual license fee. The software vendor provides 150 hours of user training and offers technical support from 8:00 A.M. to 5:00 P.M. Central Standard Time.
Required;
What information is relevant to the decision to purchase one of these statistical packages?
What other information would you want to know?
Will the out-of-pocket cost of the software be more or less than the relevant cost? What causes the difference?
The relevant information that is required to decide which of the two statistical packages to buy is as follows: Cost of the software: Stat-Max is $912,000 while Buy Tracker costs $500,000. Cost of customization : Stat-Max requires 80 programmer hours while Buy Tracker requires 125 programmer hours. Annual license fee : Stat-Max has no annual license fee while Buy Tracker carries a $10,000 annual license fee. Both software vendors provide 150 hours of user training and offer technical support. However, technical support for Buy Tracker is only offered from 8:00 A.M. to 5:00 P.M. Central Standard Time.
Other information that one would want to know before making a purchase decision include: The features and functionality of each software package: It is important to know the specific features and functionalities that come with each software package. This will help determine which package is better suited to meet the needs of the organization.
The experience of the software vendor: Knowing the experience of the software vendor in developing and supporting the software is important. This will help ensure that the organization can get the required technical support when needed.
The reputation of the software vendor: Knowing the reputation of the software vendor is important. A vendor with a good reputation is likely to provide good quality software that meets the needs of the organization. It is also likely to provide good quality technical support.
The out-of-pocket cost of the software will be less than the relevant cost for Buy Tracker. This is because Buy Tracker has an annual license fee of $10,000, which is not included in the out-of-pocket cost. Therefore, the relevant cost for Buy Tracker is $510,000.
The out-of-pocket cost for Stat-Max is the same as the relevant cost since it has no annual license fee.
Therefore, the out-of-pocket cost for Stat-Max is $912,000, which is higher than the out-of-pocket cost for Buy Tracker. The difference in cost is due to the annual license fee for Buy Tracker.
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ASAP! Please hurry!
You are welcoming a number of high-school interns spending the summer working within the Federal Financial Institutions Examination Council's (FFIEC), the interagency council that makes recommendations and provides some oversight in the banking industry. As you welcome them, you explain not only the roles and responsibilities of the FFIEC, you also describe the federal departments and agencies that regularly receive the financial information the council collects and distributes. In your presentation, you identify the five government agencies and provide a brief summary of their goals and obligations to those who participate in this nation’s financial systems.
Based on the information given, the government agencies that make up the FFIEC include:
The Federal Reserve Board (FRB): This is the agency that's responsible for overseeing the Federal Reserve Bank. Also, it is in charge of implementing monetary policies in the country.The Federal Deposit Insurance Corporation (FDIC): It's responsible for providing deposit insurance to the people.National Credit Union Administration: It performs the same function as the Federal Deposit Insurance Corporation as it is also responsible for providing deposit insurance to the people.The Office of the Comptroller of the Currency (OOC): This agency is responsible for making sure that banks operate in an efficient, safe manner and also comply with the rules guiding the financial institution.The Consumer Financial Protection Bureau (CFPB): This agency is responsible for protecting the interest of the consumers.
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When Target sells a product, it must record the transaction in accounts. What accounts might Target use when it sells a product for cash?
The account that can be used by Target for the transactions will be the cash accounting.
What is cash accounting?Cash accounting simply means an accounting method that's is used where payments are recorded during the period that that they're received.
When Target sells a product, it must record the transaction in accounts, the account that Target should use when it sells a product for cash is the cash accounting.
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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a firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times interest earned ratio
Answer:
10400
Explanation:
The firm's times interest earned ratio is 10.
What is interest?
Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.
The given amount is:
Interest charge = $10,000Sales = $1,000,000Tax rate = 40%Net profit margin = 6%firm's net income:
Net income = sales × net profit margin.
Net income = $1,000,000 × 6%
Net income = $60, 000
earnings before interest and taxes (EBIT)
EBIT = \(\frac{Net income}{1 - tax rate}\)
EBIT = \(\frac{60,000}{1 - 40}\)% (1 - 40%)
EBIT = 1000, 000
The firm's times-interest-earned ratio (TIE):
TIE = \(\frac{EBIT}{Interest charge}\)
TIE = \(\frac{100, 000}{10, 000}\)
TIE = 10
As a result, the times interest earned ratio is 10.
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Is the tariff the best way to achieve the goals of the argument?
Answer: Yes
Explanation:
Tariffs are import tax that is imposed on goods coming from other nations. Countries can start trade or other discussions by imposing tariffs. Tariffs can be used by both parties to develop economic strategies and conduct trade negotiations.
Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.
Standard Quantity Standard Price or Rate Standard Cost
Direct material 8.00 pounds 1.75 per pound 14.00
Direct labor 0.25 hour 8.00 per hour 2.00
Total 16.00
During June, Orion purchased 160,000 pounds of direct material at a total cost of $304,000. The total wages for June were $42,000, 90 percent of which were for direct labor. Orion manufactured 19,000 dartboards during June, using 142,500 pounds of the direct material purchased in June and 5,000 direct-labor hours.
Required:
Compute the following variances for June. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)
Answer:
o
Explanation:
well yess because its just
Partnership business examples
Answer:
GoPro & Red Bull.
Pottery Barn & Sherwin-Williams.
Casper & West Elm.
Kanye and Adidas.
BMW & Louis Vuitton.
Starbucks & Spotify.
Apple & MasterCard.
Please research employment opportunities in the accounting field and provide insight into the relevance and usefulness of Excel in relation to the job title/description. Please explain how a potential candidate could leverage the functionality of Excel to make their every-day tasks efficient, effective and accurate.
Answer:
Following are the responses to the given question:
Explanation:
The progress throughout the financial sector does not take a confined path. One can move to more responsible roles when you're on the broad route to changing industries, receiving certificates, or switching disciplines — without even being derailed. Select from the range of staff inside the broad fields of public accountancy. You could be a lead financial official or a partner in a company of qualified checksum. A height of your career.
Although the accounting foundation is founded upon consistent accounting practices, the accountants can apply this theory in many various ways.
Employment accounts governmental and non-profit:
Accounting FundJobs of IRSPublic Accounting Jobs:
Estimated CostForensic Accountable Enrolled AgentImmobilien AssessorAccountant TaxationFiscal ProsecutorsPreparing taxJobs in private accounting:
Clerk of AccountingPayable/Deputy Clerk AccountsSystem Accounting SpecialistActuarial accountant/accountant insuranceBookkeepingAnalyst for the budgetAccountant of capitalFinancial Controller/Control OfficeAccountant costsMeasurement of environmental accountant/sustainabilityAccountant payrollFiscal Services:
Specialist in Business ValuationCertificated Financial PlannerFiscal AnalystAdvisor on taxesAccounts only include the cash that can be represented financially. Some individuals call accountancy "the language of business," as well as its objective is to allow accountancy users to make better choices
This included many tasks performed by the CPAs for its clients:
Asset records collection and maintenanceAssess banking transactions and make key management for optimum financial practicesReviewing accounting system and financial accounting to verify that they are effective and conform with approved accounting standards and proceduresTax documents and related tasksBoehm Corporation has had stable earnings growth of 7% a year for the past 10 years, and in 2019 Boehm paid dividends of $3 million on net income of $5 million. However, net income is expected to grow by 26% in 2020, and Boehm plans to invest $3.0 million in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2020 Boehm will return to its previous 7% earnings growth rate. Its target debt ratio is 36%. Boehm has 1 million shares of stock. Calculate Boehm's dividend per share for 2020 under each of the following policies:
Boehm Corporation's dividend per share is computed according to the given policies as follows:
for 2020 if its 2020 dividend payment is set to force dividends per share to grow at the long-run growth rate in earnings is: $3,210,000;The dividend per share if the 2019 dividend payout ratio continues - $,378,000The use of pure residual policy with all distribution in form of dividends - $4,380,000Extra dividend - $2,900,000.The calculation explaining the above is as followsA) The formula for the Dividend payout ratio is:
Dividend/Net Income
For 2019 therefore,
Dividend payout = ($3,000,000/$5,000,000) * 100
= 60%
Income for 2020 at a growth rate of 7% = $ 5,000,000 * 1.07 (that is 107%)
= $5,350,000
Hence the Dividend for 2020 = $5,350,000 * 60% = $3,210,000
Hence, Dividend Per Share (since there are no special dividend or share outstanding) = $3,210,000
B) The dividend per share if the 2019 dividend payout ratio continues
Dividend = Net income * payout ratio
Dividend = $5,000,000* 1.26 * 60%
Dividend = $3,780,000
C) Where there is the use of pure residual policy with all distribution in form of dividend
Total Investment = $3,000,000
Debt finance = $3,000,000 * 36% = $1,080,000
Note that the Dividend for 2020 = Net Income - (Capital investment - Investment via debt financing)
Dividend = $6,300,000 - ($3,000,000 - $1,080,000)
Dividend = $6,300,000 - $1,920,000 = $4,380,000
D) Extra dividend calculated
Total Dividend = Regular dividend at long-run growth rate + extra dividend
Debt ratio = 30%
Equity ratio = 100% - 30% = 70%
Extra Dividend = Net income - (Equity ratio * Investment)
Extra Dividend = $5,000,000 - ($3,000,000 * 70%)
Extra Dividend = $5,000,000 - $2,100,000 = $2,900,000.
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Full Question:
Boehm Corporation has had stable earnings growth of 7% a year for the past 10 years, and in 2019 Boehm paid dividends of $3 million on net income of $5 million. However, net income is expected to grow by 26% in 2020, and Boehm plans to invest $3.0 million in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2020 Boehm will return to its previous 7% earnings growth rate. Its target debt ratio is 36%. Boehm has 1 million shares of stock.
1) Calculate Boehm's dividend per share for 2020 under each of the following policies: Its 2020 dividend payment is set to force dividends per share to grow at the long-run growth rate in earnings. Round your answer to the nearest cent.
2) It continues the 2019 dividend payout ratio. Round your answer to the nearest cent. $ It uses a pure residual policy with all distributions in the form of dividends (36% of the $3.0 million investment is financed with debt). Round your answer to the nearest cent.
3) It employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the extra dividend being set according to the residual policy.
What will the extra dividend be? Round your answer to the nearest cent.
Which trade scenario is most beneficial for a country?
А.
appreciation of the country's currency, Increase in its imports, and decrease of its exports
B. depreciation of the country's currency, Increase in its imports, and decrease of its exports
C. depreciation of the country's currency, decrease in Its Imports, and increase of its exports
D. appreciation of the country's currency, decrease in Its Imports, and increase of its exports
It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.
What is a trade?Trade can be regarded as the means of exchange by an organization or country.
When the currency of a a country appreciate, the money will have value, export also boast the currency.
Therefore, option D is correct.
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If you are trying to avoid a framing bias and you are looking for a way to diagram a yes or no decision makiing process you should use what tool to make decision
If you are trying to avoid a framing bias and you are looking for a way to diagram a yes or no decision making process you should use what tool to make decision- Heuristic.
Heuristics are cognitive short cuts that enable speedy and effective problem solving and judgment. These rule of thumb techniques speed up decision-making and enable people to carry out their tasks without constantly pausing to consider their next course of action.
Heuristics were initially established in psychology in the 1950s by Nobel laureate economist and cognitive psychologist Herbert Simon. Despite people's best efforts to make reasonable decisions, he argued that human perception is bound to cognitive constraints. Purely logical choices would entail assessing all the advantages and disadvantages of each solution.
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discuss five engagement-specific controls to be instituted by an audit firm to ensure quality control
The five key engagement-specific controls that an audit firm can implement to guarantee quality control throughout an engagement include adequate planning, risk assessment, supervision, documentation, and review.
These measures are taken to ensure the review is completed as per evaluating guidelines and that the ends came to are enough upheld by the accessible information. A survey likewise assists with guaranteeing that the review was completed as per inspecting norms.
Planning aids in characterizing the review's extension, laying out client assumptions, and successfully distributing assets and time. The foundation of fitting strategies to address potential dangers connected with the client's fiscal summaries is supported by risk appraisal.
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The frequency distribution of order lead time of the retailer from Exercise repeated below
a. How many orders were filled in less than 10 days? In less than 15 days?
b. Convert the frequency distribution to a cumulative frequency distribution.
d. Develop a cumulative frequency polygon.
d. About 60% of the orders were filled in less than how many days
6 + 7 = 13 represents the number of orders filled in fewer than 10 days. 6 + 7 + 12 = 25 are the orders that were completed in fewer than 15 days. Each frequency from a frequency distribution table is added to the total of its predecessors to determine the cumulative frequency.
Since all frequencies will have previously been added to the prior total, the final result will always be equal to the sum of all observations. The cumulative frequency is divided by the total number of observations (25 in this case) in the Cumulative percentage column. Next, the outcome is multiplied by 100. The cumulative percentage for each interval is determined by this calculation.
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which one of the following is abasic concepts of probability?
A company is planning to expand its production from its current price (1050 PKR/unit) and getting a total revenue of 37800/PKR at a fixed cost of 1000/- PKR and variable cost of 1050/- PKR. If currently the company is producing 36 units, how many further units can the company make while staying in profit if the appreciation in variable cost (2.13) and depression in price (2.13) per unit from the previous unit
The company can only produce up to 18 units while staying in profit considering the appreciation in variable cost and the depression in price.
The company is planning to expand its production and get a total revenue of 37800/PKR at a fixed cost of 1000/- PKR and a variable cost of 1050/- PKR.
Currently, the company is producing 36 units, and the current price per unit is 1050 PKR/unit.
The total revenue for the current production will be 36 units × 1050 PKR/unit = 37800 PKR.
Since the total revenue is equal to the sum of fixed cost and variable cost, it implies that;
Total Revenue = Fixed Cost + Variable Cost
Multiplying both sides by the number of units gives;
Total Revenue × Number of Units = Fixed Cost × Number of Units + Variable Cost × Number of Units
Rearranging gives;
Variable Cost × Number of Units = Total Revenue × Number of Units
Fixed Cost × Number of Units
Substituting with values from the problem statement, we have;
Variable Cost × Number of Units = 37800 × Number of Units - 1000 × Number of Units
Variable Cost × Number of Units = (37800 - 1000) × Number of Units Variable Cost × Number of Units = 36800 × Number of Units
But the variable cost is given as 1050 PKR/unit.
Therefore, we can write;
1050 × Number of Units = 36800 × Number of Units
1050 = 36800
Since the price of production has depreciated by 2.13, the current price per unit is equal to;
1050/2.13 = 493 PKR/unit
For the company to make a profit, the total revenue must be greater than the total cost.
Therefore; Total Revenue > Fixed Cost + Variable Cost
Multiplying both sides by the number of units gives;
Total Revenue × Number of Units > Fixed Cost × Number of Units + Variable Cost × Number of Units
Substituting with values from the problem statement, we have;
37800 × Number of Units > 1000 × Number of Units + 1050 × Number of Units37800 > 2050 × Number
Units Solving for the number of units;
Number of Units < 37800/2050Number of Units < 18.44 units
Therefore, the company can only produce up to 18 units while staying in profit considering the appreciation in variable cost and the depression in price.
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Explain the difference between 50/50 and 40/40 emotional energy, and provide an example of each.
The concepts of 50/50 and 40/40 emotional balance are often used in relationships and emotional relationships.
50/50 Emotional strength is a state in which two people in a relationship are equal in relation to each other and are willing to give equal weight to maintain the relationship. In this case, both parties give and receive equal incentives and share responsibility for the success or failure of the relationship. An example of 50/50 emotional strength in a good relationship is a couple who communicate well, listen to each other's needs, and encourage each other.
On the other hand, the 40/40 mindset is when both partners in a relationship focus on their own emotional needs and refuse to give their partners equal support.
In this case, neither partner is invested in the other's feelings, resulting in a lack of motivation and a contradictory relationship. An example of 40/40 emotional stability in a romantic relationship would be a couple in which one partner feels neglected and supported while the other focuses only on their own needs and feelings.
In general, the concept of emotional strength emphasizes the importance of joint initiatives in relationships and the benefits of motivation and balance between two partners.
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Cultural Change
The General Duty Clause imposes requirements on
Answer:
employer
Explanation:
The general duty clause imposes requirements on employer to provide every employee with a place of employment that are causing or a likely to cause death or serious Physical harms.
Write the relationship between audit and finance?
Answer:
Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.
Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.
1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.
2.auditor is a professional inside audit
Financial management
1.Financial management refers to managing the fund of an organization.
2.finance manager is a professional inside finance management.
A company purchased $10,300 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. On June 20, it returned $1,040 of that merchandise. The shipping charges for the purchase totaled $650. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals
Since the buyer pays the balance within 10 days, a 3% discount is applied and the cash paid on June 24 is $9,724.80
In order to answer this problem, let us journalize each transaction below.
On June 15
Account Title Debit Credit
Inventory $10,300
Freight-In $650
Accounts Payable $10,950
On June 20
Account Title Debit Credit
Accounts Payable $1,040
Inventory $1,040
So, upon payment on June 24, the total payment will be;
Account Title Debit Credit
Accounts Payable $9,910
Cash ((($10,300 - $1,040) x 98%) + $650) $9,724.80
Inventory $185.20
Hence, the company can avail the discount. So, since the buyer pays the balance within 10 days,The amount of cash paid on June 24 equal $9,724.80
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(Just need some ideas and inspiration) What do you consider the most important challenge that will face people in the United States in the years ahead?
Food security, hunger, poverty, population growth, pollution, heatwaves, droughts, and climate change are all interconnected.
What is Food security?Food security refers to the availability of food in a nation and the capacity of its citizens to obtain, afford, and procure enough food.
The United Nations Committee on World Food Security defines food security as everyone having constant physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
Another aspect of food security is the accessibility of food regardless of class, gender, or area.
Food security was a problem many thousands of years ago, as shown by the fact that central governments in ancient China and ancient Egypt were known to release food from storage during famines.
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What are five creative ways for a small business with a low budget to advertise and promote its products or services using the latest developments in communications and Internet technology?
These flyers, advertisements, coupons, promotional videos, and websites are five creative ways for a small business with a low budget to advertise and promote its products or services using the latest developments in communications and Internet technology.
What is a Technology?Technology, or as it is occasionally referred to, the modification and management of the environment, is the application of knowledge of science to the practical goals of human life.
Publish a website. If you have an internet presence, prospective customers can find you there.
Be familiar with social media.
Provide coupons.
Make an advertisement video.
Build an email list.
One may not only increase revenue by rewarding customers who send in their flyers with incentives or coupons.
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Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2019:
Bushard Company
DATE TRANSACTIONS
2019
Feb. 10 Purchased merchandise for $5,000 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30.
13 Received Credit Memorandum 230 from Schmidt, Inc., for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1980, dated February 10.
19 Paid amount due to Schmidt, Inc., for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010. Schmidt, Inc.
DATE TRANSACTIONS
2019
Feb. 10 Sold merchandise for $5,000 on account to Bushard Company, Invoice 1980, terms 1/10, n/30.
13 Issued Credit Memorandum 230 to Bushard Company for damaged merchandise totaling $200 that was returned; the goods were purchased on Invoice 1980, dated February 10.
19 Received payment from Bushard Company for Invoice 1980 of February 10, less the return of February 13 and less the cash discount, Check 2010.
Required:
Journalize the transactions above in a general journal for both Bushard Company and Schmidt, Inc.
Answer:
Bushard Company (buyer) and Schmidt, Inc. (seller)
Journal Entries:
Bushard Company
Feb. 10 Debit Inventory $5,000
Credit Accounts payable (Schmidt, Inc.) $5,000
To record the purchase of goods on account, via Invoice 1980, terms 1/10, n/30.
13 Debit Accounts payable (Schmidt, Inc.) $200
Credit Inventory $200
To record the return of damaged goods and received Credit Memorandum 230.
19 Debit Accounts payable (Schmidt, Inc.) $4,800
Credit Cash $4,752
Credit Cash Discounts $48
To record the payment on account and discounts.
Schmidt, Inc.
Feb. 10 Debit Accounts receivable (Bushard Company) $5,000
Credit Sales revenue $5,000
To record the sale of goods on account, Invoice 1980, terms 1/10, n/30.
13 Debit Sales returns $200
Credit Accounts receivable (Bushard Company) $200
To record the return of damaged, issuing Credit Memorandum 230.
19 Debit Cash $4,752
Debit Cash Discounts $48
Credit Accounts receivable (Bushard Company) $4,800
To record the receipt of cash from customer, including discounts.
Explanation:
a) Data and Analysis:
Bushard Company
Feb. 10 Inventory $5,000 Accounts payable (Schmidt, Inc.) $5,000, Invoice 1980, terms 1/10, n/30.
13 Accounts payable (Schmidt, Inc.) $200 Inventory $200 Credit Memorandum 230, damaged merchandise.
19 Accounts payable (Schmidt, Inc.) $4,800 Cash $4,752 Cash Discounts $48
Schmidt, Inc.
Feb. 10 Accounts receivable (Bushard Company) $5,000 Sales revenue $5,000, Invoice 1980, terms 1/10, n/30.
13 Sales returns $200 Accounts receivable (Bushard Company) $200 Credit Memorandum 230, damaged merchandise.
19 Cash $4,752 Cash Discounts $48 Accounts receivable (Bushard Company) $4,800
Technology – the second cruel correspondence
The negative consequences of technology on society are largely directed to mass-produced products, with social media receiving the most criticism.
Many studies have been done on this topic, and social networking sites has often been identified as both the primary source of misleading information, encouraging hate and harassment and the number two source of loneliness, sadness and depression.
Children who use technology excessively are more susceptible to mental health problems, such as attention deficit disorder, poor creativity, language development delays, emotional and social development delays, and addiction to digital gadgets.
Technology's drawbacks:
Addiction. There have been many cases of technology addiction and ethical conundrums in recent years. The future of humanity appears to be moving toward the society that many films have predicted: one in which robots and artificial intelligence (AI) play a significant role. Dehumanization, Pollution, Privacy, and other issues.To know more about negative impact of Technology, click on the link below:
https://brainly.com/question/30124355
Which is considered a dwelling coverage?
A. It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry and all other material goods not part of or permanently attached.
B. It is coverage for personal property, liability and loss of use.
C. It provides financial protection in case someone else is hurt and/or injured on your property for which you are found liable.
D. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
Property and Automobile Insurance Quick Check
Answer: 1. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
2. liability coverage
3. It provides financial protection for all of the objects in your home.
4. It covers injury or death to others caused by the named driver or named car.
5. property damage liability
Explanation: I took the same quick check and got 100%, hope this helps someone!
4/6/2023
It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry, and all other material goods not part of or permanently attached is considered a dwelling coverage. The correct option is A.
What is called dwelling?A permanent building or structurally independent portion of one, such as a detached house or flat, that was built or changed with the intention of being inhabited by a single household is referred to as a dwelling.
It doesn't cover the land or the possessions inside the house. just the building. It is "Coverage A" under a homeowner's policy. Now, installed fixtures like cabinets and countertops as well as permanently attached appliances that are connected to public utilities, such as some stoves or a water heater, are covered by dwelling insurance.
Thus, the ideal selection is option A.
Learn more about dwelling coverage here:
https://brainly.com/question/31849958
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