Answer:
$59,500
Explanation:
Following are the table of the given question of adjusting entry .
Date Particular Debit Credit
December 31 Receivable amount $59,500
December 31 Fess earned $59,500
B
No in the cash-based accounting the adjustment is not recording as the fees earned .When the respective entry is in cash entry we will never be recorded in the adjustment entryWhat is the answer I chose the one I thought was the answer
Answer: I think that ones the answer too
Answer:
c is
Explanation:
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91B
Answer:
22.38 days
Explanation:
Given the following:
Sales last year(credit sales) = 325000
Year-end receivables = 60000
To calculate the Days sales outstanding
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
= (325,000 ÷ 60,000)
= 5.4166666667
Therefore,
(Number of days in year ÷ accounts receivable turnover ratio)
(365 ÷ 5.4166666667) =67.34
Days sales outstanding = 67.38461538days
Credit period = 45days
Difference = DSO - Credit period
Difference = (67.38461538 - 45) days =22.3846153days
=22.38 days
Richard is a secondary science teacher at a Catholic High School. He has worked there for three years. When he was first interviewed, Richard gave the impression that his beliefs aligned with those of the school and the Catholic ethos, and that he was open to faith based education.
Recently though, the school executive has learned from several parents that Richard has been making extensive social media posts where he advocates against the belief in God and regularly criticises the Catholic Church and its relevance in today's world.
Based on this, the school decides to terminate his contract.
a) Outline the workplace issues in this scenario in detail (eg discrimination etc)
Explanation:
In the scenario described by the question above, we saw that the main problems in the workplace begin with the hiring of Professor Richard, this is due to the fact that a Catholic school is based on values and dogmas that are religious symbols of tradition, respect and culture.
A religious dogma is one considered the fundamental and indisputable point of a belief.
Therefore, at the time of the job interview, Richard gave the impression that his beliefs were aligned with those of the school and the Catholic spirit, but nevertheless, he posts extensive social media where he criticizes and defends values contrary to those of the Catholic institution he works for. , which generated revolt in the parents of the students and culminated in their contractual termination.
In return, the school should establish clearer and more effective conduct policies for employees, especially in an institution based on specific values.
The school should better analyze Richard's professional conduct before terminating his contract, making it clear to him that, regardless of his individual positions, in the workplace he should act in accordance with the company's current rules and procedures.
why in the fudge does trump (a literall orange) think hes the best person ever
I am always concerned about my job
Answer:
then get a new job
Explanation:
Answer:
why? Maybe its time for a new job.
Explanation:
What are some examples of information you might include in the current status of a career plan? Check all that apply.
classes you have taken
job or volunteer experience
intermediate goals
possible obstacles
software skills
financial challenges
leadership skills
answer:
a: classes you have taken
b: job or volunteer experience
e: software skills
g: leadership skills
classes you have taken, job or volunteer experience, software skills and leadership skills are some examples of information a person might include in the current status of a career plan.
What is career plan?A career plan lays out peoples short- and long-term career goals, as well as the steps necessary to achieve them.
Career planning can aid in the selection of classes as well as the identification of extracurricular activities, research, and internships that will help one stand out as a competitive job prospect.
Thus, option A, B, E and G are correct.
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On april 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for april legal services was made by the company on may 12. Prepare the required adjusting entry, if any
Answer:
On April 30,
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
On May 12,
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
Explanation:
Okay here the attorney fee is the legal fee expense that was accrued in April and must accounted for as accrued expense. The accounting entry would be increase in payables (Credit) and expense (Debit) as well.
Dr Attorney Fee Expense $3500
Cr Attorney Fee Payables $3500
Now on May 12, the company paid the expense which means that the legal fee payable was reduced to zero (Reduction in liabilities is always debited) and the cash is also reduced by $3500 (Asset reduction is always credited).
Dr Attorney Fee Payables $3500
Cr Cash Account $3500
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Which of the following is a difference between the concept development
stage and the product development stage?
A. In the product development stage, an actual functional product is
produced, but in the concept development stage only a prototype
is produced.
B. In the concept development stage, an actual functional product is
produced, but in the product development stage only a prototype
is produced
c. In the concept development stage, the product is launched to the
entire target market, but in the product development stage only
focus groups are exposed to the product mock-ups.
O D. In the product development stage, sample advertisements are
developed, but in the concept development stage a full promotion
campaign is launched.
Answer:
A
Explanation:
A product development is the introduction of new product to consumers or improving an existing product to meet customer satisfaction and gain a larger share.In order to achieve this , series of steps like planning , development evaluation and assessment are observed
Concept development is a pre - development stage where the prototypes of a good are developed in various alternatives to test run the market in order to evaluate consumers responses.
The outcome of a product development stage is the actual functional product while prototypes alone are produced in the concept development stage.
Answer:
a
Explanation:
hope it helps gggvhsejhpdotsoh
what is 2×78 please help
Answer:
156
Explanation:
78
× 2
multiply the 2 by 8 first
then multiply the 7 by 2
Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. The bonds are currently quoted at 96 percent of face value. What is Ernst's pretax cost of debt?
Answer: 5.52%
Explanation:
Given the following :
Face value (f) = $1000
Bond price(p) = 96% of face value = 0.96 × 1000 = $960
Coupon rate = 5% Semi-annually = 0.05/2 = 0.025
Payment per period (C) = 0.025 × 1000 = $25
Period(n) = 10 years = 10 × 2 = 20
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]
Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]
= (2 + 25) / 980
= 27 / 980 = 0.02755 = 2.755% = 2.76%
Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity
Pretax cost of debt = 2 × 2.76% = 5.52%
Complete Electronics Inc. sells a point-of-sale computer with a two-year service contract. Complete collects $ 2 comma 500 cash for the selling price of the computer and $ 576 for the two-year service contract. How is revenue recognized?
Answer:
Sales revenue of $2,500 is recorded by Complete Electronic Inc. Upon delivery of the computer and a service revenue of $24 is recorded each month for 24 months
Explanation:
Upon the sale of a point-of-sale computer:
Selling price of the computer = $2,500 cash
Two years service contract of the computer worth $576
A cash selling price of $2500 is recorded upon delivery of the point-of-sale computer.
The service contract worth $576 is pread over 24 months(2 years) = $576 / 24 = $24.
$24 service revenue is recorded each month for 24 months.
Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
Supply and Demand can influence a jobs ____?
Answer:
affecting wages, employment levels and thus equilibrium
Explanation:
Adrian owns an older used car that is valued at about $1,000.
He is considering whether to change his car insurance policy.
He has the option to purchase additional coverage for $200/month that will protect his vehicle if it is damaged in an accident. If there is an accident, the insurance company will pay Adrian the amount his vehicle is worth.
Purchasing insurance can help Adrian risk.
Adrian’s best decision in this case is to because the policy is
Answer:
Purchasing insurance can help Adrian minimize risk. Adrian’s best decision in this case is to not buy the insurance because the policy is too expensive in relation to the value of his vehicle
Adrian can reduce risk by buying insurance. The wisest course of action for Adrian in this situation is to refuse to purchase the insurance because the premiums are too high in comparison to the worth of his car.
What is insurance?A party promises to compensate another party in exchange for a fee in the case of a certain loss, damage, or injury as a way of financial loss protection. It is a method of risk management that is primarily employed to protect against the risk of a potential loss.
An insurer, insurance business, insurance carrier, or underwriter is a corporation that offers insurance. A person or company that purchases insurance is referred to as a policyholder, while someone or anything that is protected by the policy is referred to as an insured.
The insurance policy that the insured gets outlines the terms and circumstances under which the insurer will make payments to them, their chosen beneficiary, or assignee.
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Buster has had a serious medical condition for many months. He has used up all of his sick leave and vacation days, as well as 10 weeks of intermittent Family Medical Leave Act leave. He asks for an additional two weeks off. Which of the following is true? A. Buster's employer can fire him because he wants to take more leave B. Buster cannot be fired for reasons aside from his need to take leave. C. Buster cannot take any more leave if he has also used up his sick leave and vacation days. D. Buster is entitled to the leave he is asking for.
Answer:
C. Buster cannot take any more leave if he has also used up his sick leave and vacation days.
Explanation:
Buster has used up all the sick leaves and the vacation leaves and is asking for additional two more weeks off even after taking the ten-week of intermediate family leave he should be not allowed to take more leaves. Through he cannot be fired due to his serious condition but if he has finished all the sick leaves he should not be given.Answer:
b
Explanation:
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
What kind of data do you get from a survey asking open-ended questions?
A.
Quantitative data
B.
Faulty data
C.
Qualitative data
D.
Numbers-based data
The answer is C. Qualitative data
Explain the various types of industries with the help of a diagram along with suitable examples.
Answer:
There are four sectors. These are Primary, Secondary, Tertiary, and Quaternary.
Explanation:
Primary Industry:- The primary industry involves obtaining manufactured goods, such as mining, agriculture, and fishery. The industry engaged in natural resource mining and gathering, such as copper and timber, as well for occupations such as agriculture and fishing. Secondary Industry:- A secondary business is a piece of a corporate entity that does not form part of its essential features but rather medications it. It involves, for example, the manufacture of automobiles and steel. Tertiary Industry:- The tertiary industry is the part of an economy that provides consumers with facilities, involving a wide range of companies such as investment institutions, healthcare facilities, and restaurant. Quaternary Industry:- The portion of an economy based on information relevant to some business activity which generally involves healthcare services.5. Find an example of a video ad either on TV or on the Internet, and then answer the
following questions about it
a. Describe the ad. (1-3 sentences. 1.0 points)
b. What do you think this ad's marketing message is? (1-5 sentences. 2.0 points) TIP:
Does it use a specific desire or fear, or does it try to show how the product is a need
or how it solves a problem?
c. Is the ad trying to get people to do something? If so, what is it trying to get people to
do? If it isn't trying to get people to do something, what do you think the point of the ad
is? (1-5 sentences, 2.0 points)
d. Do you think this ad is effective? Why or why not? (1-5 sentences, 2.0 points)
This ad originated from the app that everyone loves to go on. Where people dance and goof off. after spending some time scrolling through the For You Page, the ad will pop up. Usually it’s a man saying that you’ve spent way too long on the app so go chill, eat, and relax, then return.
The message is to get away from social media for a while. The internet can be very distracting and can make the average person spend more than 4 hours on one app alone. It reminds people that they have lives to get back to. Social media can influence you to stay in for hours while you have important things to do.
Yes, the ad is trying to get the kids, and even adults, to take a break. to enjoy the sunshine outside and to feel the breeze. to take a while to relax and move around.
At times, yes I do feel as though the ad is very much effective. I personally will remove myself from the mind controller called my phone and actually go eat a meal, or walk around, call some friends, or laugh with my siblings. I do know that, however, that there are MANY who skip right past the ad. I, too, have done it a couple times. I hope that people take the ad serious because Lord knows some of them need a break.
There is an ad for a singing program that often pops up when watching videos on several social media platforms. The ad is, well, advertising a singing service that supposedly helps you become a better singer within 30 days. The ad draws you in offering a free 7 day trial to see if you like the lessons before you make the decision to pay the monthly subscription.
The marketing message of this ad is to get people to sign up for the singing program, or at least check out the site. It is forwarded towards aspiring singers or someone who wants to get good vocal lessons to improve their singing.
The ad is trying to get people to check out the site, try the free trial, and decide wether they want to purchase a full subscription or not.
It truly depends. It often pops up on videos that are related to singing, so the person watching might already be looking for something of the sort. And i'm sure that there are many who have decided to try out the program. But every once in a while it pops up on random videos and singing isn't something everyone wants to do.
Hope this helps :) I know its a little late but its an alternative to the other answer. Have a great day <3
All are advantages of partnership except
a) loan facilities
b) there is privacy
c) sharing of risk and liabilities
d) specialisation in management
e) talking of quick decision
Answer:
b) there is privacy
Explanation:
A partnership is a form of running the business under the hands of two or more than two people. The people involved in the business are called as the partners. They share the profits and liabilities and enjoy the benefits together. The decisions are made by discussing the terms among the partners. One of the disadvantages of partnership is the lack of privacy. The partners maintain the secrecy of the terms of their business but there is a lack of privacy among them.
How does the quantity of data breaches attributed to hacking compare to those attributed to other types of incidents?
Answer:
Explanation:
It is much easier. Nowadays Everything is connected to the internet, including databases. This makes it much easier for anyone with the right skill-set to access this data from anywhere in the world, with very little equipment or personnel, which is why data breaches due to hackers is a lot more common than other types of incidents which would require many more resources to access the same data.
An effective decision maker ensures quality information by: A. Discounting conflicting opinions. B. Defending baseline data from reports received from other sources. C. Validating information to be true and accurate. D. Avoiding secondary sources of information.
The correct answer is C. Validating information to be true and accurate
Explanation:
The process of making decisions involves analyzing the options available through different sources of information. For example, if you are planning to go on vacation but you have not chosen the destination you can read articles about the best places to visit to take an informed decision.
Besides this, the process of finding and reading information to make a decision involves making sure the information is high-quality information, this can be done by analyzing whether the information in the source is supported, updated and written by an expert in the field, which shows the information is true and accurate and guarantees you have reliable information to make a decision. Thus, an effective decision maker ensures quality information by "validating information to be true and accurate".
On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, what are the FY 2017 balances in Alpha Company's account balances for: a. Investment in Bravo-Zulu b. Investment Income
Answer:
a) $253,750
b) $6,250
Explanation:
Alpha company purchased shares in Bravo-Zulu company for $250,000
This represents 25% of the equity of Bravo-Zulu company.
In 2017, Bravo-Zulu Company Net Income = $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders.
The FY 2017 balances in Alpha Company's account balances are:
a) For investment in Bravo-Zulu
= $250,000 + net income - share in dividend.
= $250,000 + ($25,000 * 25%) - ($10,000 * 25%)
= $250,000 + $6,250 - $2,500
= $253,750
b) For investment income
= $25,000 * 25%
= $6,250
Factors That Promote Economic Growth Choose the correct statement. 1. Clearly established and enforced property rights provide people with the incentive to work and save. 2. Economic growth does not occur in the environment of an authoritarian political system. 3. The presence of an incentive system and the institutions that create it guarantees that economic growth will occur. 4. Property rights and markets create incentives for people to save and invest.
Answer:
Statements 1 and 4 are correct.
Explanation:
Economic growth is defined as an increase in the production of goods and services over a period of time. Economic growth is important because it shows growth in output(production) from one period to another. Some of the factors that promotes economic growth are but not limited to technology, human capital, population and law etc.
With regards to the above, property right is the legal ownership of properties or resources and can be used by owners as they deemed fit. It is the right of persons to rent, lease or sell their properties. When property right is clearly established and enforced, it gives people incentives to work and save hence one of the factors that promote economic growth.
Again, property right and market create incentives for people to work and save, which is also a factor that promote economic growth.
What is the effective rate of interest if $1,000 compounds to $1,331 in 3 years? The effective rate of interest, if $1,000 compounds to $1,331 in 3 years is b
Answer:
The answer is "10".
Explanation:
Given:
T= 3 year
P= $ 1000
A= $ 1331
R=?
Formula:
[tex]\bold{A= P(1+r)^t}[/tex]
[tex]\Rightarrow 1331= 1000(1+\frac{r}{100})^3\\\\\Rightarrow (1+\frac{r}{100})^3=\frac{1331}{1000}\\\\\Rightarrow (1+\frac{r}{100})^3=(\frac{11}{10})^3\\\\\Rightarrow (1+\frac{r}{100})=(\frac{11}{10})\\\\\Rightarrow \frac{r}{100}=\frac{11}{10}-1\\\\\Rightarrow \frac{r}{100}=\frac{11-10}{10}\\\\\Rightarrow \frac{r}{100}=\frac{1}{10}\\\\\Rightarrow r=\frac{1}{10}\times 100\\\\\Rightarrow r=10\\\\[/tex]
How can insurance protect you from financial loss?
Answer:
Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.
Explanation:
When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.
how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full time worker works four 40-hour weeks per month. (the minimum monthly income is $4,089)
Answer:
$23.85 per hours
Explanation:
The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.
Mathematically,
Hourly Wage = Minimum Monthly Income / Total Hours Worked
Here
Minimum Monthly Income is $4,089
Total Hours Worked = 40 Hrs per week * 30 days / 7 days
Total Hours Worked = 171.43 Hours
By putting the values, we have:
Hourly Wage = $4,089 / 171.43 Hrs = $23.85 per hours
HELP!!!
A fashion boutique manager is responsible for doing the annual books for the
shop. The boutique has managed to bring in $100,000 in revenue this year,
and their expenses for the year total $25,000. What profit did the boutique
make for the year?
O A. $40,000
O B. $25,000
O c. $75,000
D. $100,000
app to check all three credit scores at the same time??
Answer:
ScoreSense Score To Go
Explanation:
