Analyzing the Effects of Transactions Using T-Accounts, Preparing a Balance Sheet, and Evaluating the Current Ratio over Time as a Bank Loan Officer LO2-4,2-5 [The following information applies to the questions displayed below.) Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year: a. Received cash from investors in exchange for 16,000 shares of stock (par value of $1.00 per share) with a market value of $7 per share b. Purchased land in Wisconsin for $16,000, signing a one-year note (ignore interest). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $10,000 each; paid $5,000 cash and signed a note due in three years for the rest (ignore interest). d. Paid $2,000 cash to a truck repair shop for a new motor for one of the trucks. (Increase the account you used to record the purchase of the trucks because the productive life of the truck has been improved) e. Sold one-fourth of the land for $4,000 to Pablo Development Corporation, which signed a six-month note. f. Stockholder Helen Bailey paid $28,500 cash for a vacant lot (land) in Canada for her personal use.

Answers

Answer 1

As a bank loan officer, it is essential to analyze the effects of transactions using T-Accounts, prepare a balance sheet, and evaluate the current ratio over time.

In the given scenario, Bailey Delivery Company, Inc., has undergone several transactions throughout the year.

The company received cash from investors in exchange for shares, purchased land and delivery trucks, paid for truck repairs, and sold a portion of land to Pablo Development Corporation.

Furthermore, a stockholder, Helen Bailey, purchased a vacant lot for her personal use.

To analyze the effects of these transactions, T-Accounts can be used to record the increase and decrease in the company's assets, liabilities, and equity.

A balance sheet can be prepared to provide snapshot of company's financial position at the end of the year.Finally,the current ratio can be evaluated over time to determine the company ability to pay short-term.

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Related Questions

he commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries) ​

Answers

Answer:

extra Rs 40000 remaining after subtracting 20000 from

60000,the reminder is 40000.

plus what's the question i just guessed the question,cause the was no visible Q!

Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)

Answers

Another area in which Amazon has found another tax loophole in order to evade taxes is:

They make use of foreign based companies to receive payments from customers in another country.

What is a Tax Loophole?

This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.

One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.

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Corporate finance and portfolio management. Theoretical
models that underline these two subjects.

Answers

The theoretical models that underlie corporate finance and portfolio management are the Capital Asset Pricing Model (CAPM) and the Modern Portfolio Theory (MPT).

The Capital Asset Pricing Model (CAPM) is a widely used model in corporate finance and portfolio management. It provides a framework for determining the expected return of an investment based on its risk. According to CAPM, the expected return of an investment is a function of its beta, which measures the systematic risk of the investment in relation to the overall market. The model assumes that investors are rational and risk-averse, and that they hold diversified portfolios.

CAPM, it is derived from the concept of the efficient market hypothesis, which suggests that all available information is already reflected in the prices of financial assets. CAPM helps investors evaluate the risk-return tradeoff of different investments and make informed decisions about asset allocation.

Modern Portfolio Theory (MPT), developed by Harry Markowitz, is another important theoretical model in corporate finance and portfolio management. MPT emphasizes the importance of diversification in portfolio construction. It suggests that by combining different assets with varying levels of risk, investors can optimize their portfolios to achieve a higher expected return for a given level of risk or minimize the risk for a given expected return.

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?​

I got it
is retail trade
and 7%

Answers

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

Answer:

Retail Trade

7%

Explanation:

Edge 2020

the first step in the managerial decision-making process is to

Answers

Answer:

1. Establish the objectives

2. Defining the problem

The first step in the managerial decision-making process is to establish the objectives and defining the problem.

What is a decision-making process?

This process involves making of choices by identifying a decision, gathering information and assessing alternative resolutions.

However, the first step in the managerial decision-making process is to establish the objectives and defining the problem.

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suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.

Answers

Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.

From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:

= ($4 - $1.5) × 3

= $2.5 × 3

= $7.5

Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:

= ($7 - $1.5) × 2

= $5.5 × 2

= $12

Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:

= ($12 - $1.5) × 1

= $10.5

It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.

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suppose that a small-town theater has six potential customers and is looking to implement price discrimination

(c) how many units of labor are unemployed because of yksi's lack of competition in the labor market?

Answers

There are 3 units of labor that are unemployed because of Yksi's lack of competition in the labor market.

Markets are rarely entirely competitive. In the case of the market for labor - a market that, it is worth remarking, is fundamentally distinct from those where financial products or items are purchased and sold - imperfect competition implies that worker's pay is exclusively determined neither by their productivity nor by the forces of supply and demand. The scarcity of labor market competition contributes to high levels of income inequality, lessens incentives for firms to finance, hinders the creation and growth of new firms, and reduces productivity increase through lower reallocation of labor across businesses and industries.

There are many aspects of an imperfect labor market, such as monopsony power, trade unions, and imperfect communication that grounds imperfections in this labor market.

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in addition to founders' values and preferences, the other important factor in creation of organizational culture is question 18 options: management span of control. industry characteristics and demands. onboarding processes. company size.

Answers

Option B. Industry characteristics and demands are an important factor in the creation of organizational culture in addition to founders' values and preferences.

This is because every industry has its unique characteristics and demands, which affect how organizations operate and interact with their employees, customers, and stakeholders. For instance, the culture of a tech startup may be different from that of a financial institution due to differences in its business models, regulatory environment, competitive landscape, and customer expectations.

Industry demands also shape the way organizations approach issues such as innovation, risk-taking, customer service, and employee engagement. For example, an organization in a highly regulated industry may prioritize compliance and risk management over agility and experimentation. Similarly, a customer-oriented organization may prioritize employee empowerment and training to enhance service quality.

Therefore, to create a strong and sustainable organizational culture, it is essential to consider industry characteristics and demands and align them with the founders' values and preferences. This requires a deep understanding of the industry context, stakeholder needs, and the organization's strategic goals and vision. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

in addition to founders' values and preferences, the other important factor in creation of organizational culture is question 18 options:

A. management span of control.

B. industry characteristics and demands.

C. onboarding processes.

D. company size.

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A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of

Answers

Answer:

Market allocation.

Explanation:

Market allocation refers to a form of horizontal trade arrangement in which various competitors decide to limit their respective business practices to particular aspects such as particular territories, specified products, particular regional zones, and specific set of customers. Therefore, market allocation provides competitors the opportunity to establish large channels of local monopolies. As per the question, Tremont establish monopoly in that area and it unfairly limits the options of customers.

Garth Grits works as an employee at Superior Foods; a local supermatket. As an employee, Garth eams $19 per hout and works 200 hours per month. Garth currently supplaments his income with the inferest he earns from having $50,000 in a savings account earning 5% annual interest. Insteod of contunung to work kor Superior Foods, Garth would Hee to start up his own dolar store called Just-a-Buck located in a strip mall dose fo his home. If Garth tharis un Wuat-a.Buck, tha would quit his job working for Superior Foods. and he would work fulltime (200 hours per month) in his now business. To sef up Just-al-Buck. Gavti would have fause has $50,000 savings to buy the necessary equipment and make the appropriate renovations to the mall space he pians fo rent: Ganth tired an accouniant Who estimated the annual rovenue and costs of Just-a-Buck as follows. (Round your rosponse to the nearesf ofliar) |

Answers

Answer:

Explanation:

s; a local supermatket. As an employee, Garth eams $19 per hout and works 200 hours per month. Garth currently supplaments his income with the inferest he earns from having $50,000 in a savi

A retiree is paid an annual amount equal to 30% of the average of his last 3 years' salary. Which of the following retirement plans offers this type of payment?

A) Deferred compensation. B) Defined benefit. C) Profit-sharing. D) Defined contribution.

Answers

The retirement plan that provides an annual amount equal to 30% of the average of the last 3 years' salary is the Defined Benefit Plan.

The Defined Benefit Plan is the type of retirement plan that offers an annual amount equal to 30% of the average of his last 3 years' salary. It is the retirement plan in which the employer commits to pay the retiree a specified benefit during retirement. The benefit may be calculated as a dollar amount, as a percentage of pay, or as a percentage of the employer's profits.

The contribution is made by the employer, and the payout is based on a formula that considers factors such as salary history, years of service, and age at retirement. Typically, the benefits increase with each year of service. Defined benefit plans are often offered by public sector employers and large corporations.

Defined benefit plans have a reputation for being complex and difficult to manage. Actuaries, lawyers, and financial professionals are commonly involved in creating, maintaining, and overseeing these plans. These professionals are responsible for ensuring that the plan complies with state and federal regulations and that the payout is sufficient to cover the retiree's expenses. The actuarial calculations required to determine the payout can be complex, and the process requires significant resources from the employer.

To minimize their exposure to risk, many employers have moved away from defined benefit plans and toward defined contribution plans. Defined contribution plans, such as 401(k)s, place the burden of retirement saving on the employee. Employers contribute to the plan, but the payout is not guaranteed. The payout depends on the performance of the investment portfolio.

In conclusion, the retirement plan that provides an annual amount equal to 30% of the average of the last 3 years' salary is the Defined Benefit Plan. It is a type of retirement plan in which the employer commits to pay the retiree a specified benefit during retirement. It is often offered by public sector employers and large corporations. Although they are complex and difficult to manage, they provide the retiree with a guaranteed payout that is not dependent on investment performance.

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_________ determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.

Answers

Breakeven analysis establishes the moment at which the total financial value of project benefits equals the project's investment.

What is break-even analysis?Breakeven analysis establishes the moment at which the total financial value of project benefits equals the project's investment. System developers that use the business case approach create a business case to support financing for one or more particular applications or initiatives. When determining when you will break even financially, a break-even analysis compares the costs of a new business, service, or product against the unit sale price. In other words, it indicates the time when you will have generated enough revenue to pay for all of your expenses.

Therefore, breakeven analysis establishes the moment at which the total financial value of project benefits equals the project's investment.

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Are purchase discounts always a debit?​

Answers

Answer:

Yes

Explanation:

because it is and of course its is ask googel

Peter is creating a spreadsheet to summarize labor costs, which is shown above. He has entered information into the Description column, Quantity/Shoe column, and Total Cost column. However, there are several errors in the Total Cost column.The chart shows that 30 appliques can be attached for a cost of $10/hour. If there are 6 appliques per shoe (cell B12), how much is the cost per shoe for applying the appliques?a. $0.20b. $0.02c. $2.00d. $0.33

Answers

If there are 6 appliques per shoe, then the cost per shoe for applying the appliques is option C. $2.00.

Total appliques = 30

If, 1 shoe = 6 appliques

than 5 shoes = 30 appliques (6X5=30)

Total cost = $10/hour

$10/hour = 30 appliques or 5 shoes

If 5 shoes = $10/hour

than

1 shoe = $10/5 shoes

           = $2

Therefore, the cost per shoe for applying the appliques is $2.

A component of the wage bill or payroll known as labour cost can be precisely and consistently attributed to or related with the production of a good, a specific job order, or the delivery of a service. They are often referenced to as salary costs since they indicate the cost of employing compensated labour.

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What are 4 reasons why you should print, save, or make a copy of your job application???

Answers

Answer:

Be Prepared. Make sure you know the correct names, dates, places and other information you will need

Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?

Answers

Pros: Helps hotel to achieve 100% occupancy, Maximize expected venue, Long term revenue and profit increase, low risk method to increase profitability and Compensation are cheaper than leaving a room empty
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,

The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.


What is an example of a force multiplier for terrorist
organizations?

Answers

One example of a force multiplier for terrorist organizations is the use of advanced technology and communication systems.

Use of advanced technology and communication systems tools enable terrorists to amplify their impact and reach a larger audience. By leveraging modern communication platforms, such as social media and encrypted messaging applications, terrorists can disseminate propaganda, recruit new members, and coordinate attacks more efficiently.

The accessibility and widespread use of the internet and social media platforms provide terrorist organizations with a global platform to spread their ideology and attract followers. They can use online platforms to radicalize individuals, share instructional materials for making weapons or carrying out attacks, and coordinate their activities across different regions.

Additionally, technological advancements have also made it easier for terrorists to acquire and use sophisticated weaponry, including drones, cyber tools, and explosives. These tools allow them to conduct attacks with greater precision and effectiveness, resulting in a higher potential for casualties and damage.

The utilization of force multipliers by terrorist organizations poses significant challenges for counterterrorism efforts. It requires a comprehensive approach that includes cooperation between intelligence agencies, law enforcement, and technology companies to monitor and disrupt their online activities while ensuring the protection of privacy and freedom of speech.

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Your Objective line should be the same for every application
O True
False

Answers

Answer: False

Explanation:

It depends on the type of work, the objective line must change since each company pursues different things and although it is true that the person who applies can look for something similar in each of them, the position they get may not correspond to what she aims. It is important to align the objective with the position and this is done depending on the company.

The following events took place for Digital Vibe Manufacturing Company during March, the first month of its operations as a producer of digital video monitors: Purchased $42,200 of materials. Used $32,500 of direct materials in production. Incurred $48,500 of direct labor wages. Incurred $68,400 of factory overhead. Transferred $113,500 of work in process to finished goods. Sold goods for $203,000. Sold goods with a cost of $90,300. Incurred $51,900 of selling expense. Incurred $22,800 of administrative expense.

Answers

Answer:

Missing word "Using the information given, complete the following: a. Prepare the March income statement for Digital Vibe Manufacturing Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries."

                          Income statement

Particulars                                                 Amount

Sales                                                         $203,000

Less: Cost of goods sold                         $90,300

Gross profit                                               $112,700

Operating expense

Selling expense                      $51,900

Administrative expense         $22,800

Total operating expense                          $74,700

Operating income                                    $38,000

Which type of stock would a person own for the best assurance of receiving dividend income?

Answers

To have the best assurance of receiving dividend income, an individual should consider investing in dividend-paying stocks. These stocks are issued by companies that distribute a portion of their earnings to shareholders on a regular basis, typically in the form of cash dividends.

Dividend-paying stocks are shares of companies that have a history of distributing dividends to their shareholders. These companies are usually well-established and profitable, generating consistent earnings. Dividend payments are a way for companies to share their profits with investors, providing a regular income stream.

While not all companies pay dividends, those that do often include utility companies, consumer staples, and established blue-chip companies. It's important to research the company's dividend history, financial stability, and sustainability before investing to ensure a reliable dividend income. Additionally, diversifying a portfolio by investing in multiple dividend-paying stocks can further enhance the assurance of receiving dividend income.

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Why does the US import oil?

A.because it has exported too much oil
B.because it does not produce any oil
C.because it does not produce enough oil
D.because it has exported too little oil


Answers

Answer:

C. because it does not produce enough oil.

Explanation:

Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.

Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.

The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.

Answer:

D. Because it does not produce enough oil.

edg 2020.

When choosing a credit card, you should be cautious of cards that:
A. waives fees and penalties.
B. are issued by your local bank.
C. offer a consistent interest rate.
D. offer an introductory interest rate that will rise over time.
SUBMIT

Answers

Answer:

D. offer an introductory interest rate that will rise over time.

Answer:

offer an introductory interest rate that will rise over time.

Explanation:

In a bank reconciliation, deposits outstanding are: a. subtracted from the bank balance. b. added to the book balance. c. added to the bank balance. d. subtracted from the book balance.

Answers

In a bank reconciliation, deposits outstanding are b. added to the book balance.

What is book balance?

The book balance is the balance of cash in a company's general tally, while the bank balance is the balance of cash in the company's bank account. Deposits outstanding are deposits made by the company that haven't yet been recorded by the bank.

To attune the book balance with the bank balance, outstanding deposits are added to the book balance. This is because the book balance formerly includes the deposits made by the company, while the bank balance doesn't yet reflect those deposits until they're recorded by the bank.

Thus, the correct answer is b. added to the book balance.

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who do you think is gonna win this election/who are you voting for?

Answers

I think Biden will win this election. Hopefully

Answer:

please mark me Brainliest: i think joe Biden will win definitely

Explanation:

asar1:sajan commerce business with cash rs150000and furniture rs5000
asar5:purchased goods form raj rs5000 on cash and 10000 on credit.
asar11:good sold to hair for rs10000 on credits.
asar15:cash received from hair rs 5000​

asar1:sajan commerce business with cash rs150000and furniture rs5000asar5:purchased goods form raj rs5000

Answers

Answer: i think its B

Explanation:

High school is referred to as _____ education.


fundamental

secondary

vocational

primary

Answers

Answer:

secondary

Explanation:

as 10 class is rrferred to as secondary education

plz folliw me

Answer: High school is referred to as secondary education. :)

let's say input costs to firms in a market fall. this will result in a(n) question 16 options: decrease in equilibrium price and an increase in equilibrium quantity. decrease in equilibrium price and a decrease in equilibrium quantity. increase in equilibrium price and an increase in equilibrium quantity. increase in equilibrium price and a decrease in equilibrium quantity.

Answers

If input costs to firms in a market fall, it will result in a decrease in equilibrium price and an increase in equilibrium quantity.

When input costs decrease, firms can produce goods at a lower cost. This leads to a decrease in production costs and allows firms to offer their products at lower prices. As a result, the equilibrium price in the market decreases. With lower production costs, firms are incentivized to increase their production and supply more goods at a lower price. This leads to an increase in the equilibrium quantity of goods supplied in the market.

Therefore, a decrease in input costs will cause a decrease in equilibrium price and an increase in equilibrium quantity.

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People are willing to pay a higher price if they believe that supplies are

A. fluctuating
B. endless
C. increasing
D. limited

Answers

I think that D would be the right answer because if people knew that important things are limited they would pay a higher price.

Hope this helps! :)

Answer:

D.Limited

Explanation:

Conflict of Intrest? Jamil works in a store that sells athletic equipment and supplies. Jamil’s sales record is good due to offering potential customers private lessons after hours on how to use the equipment. He charges $35 per session. The company is aware that Jamil is offering this service, and has expressed its approval.

Answers

Yes there is a potential conflict of interest in this scenario jamil is an employee of the athletic equipment and supplies store and is using his position to offer private lessons for a fee.

How to identify the conflict

while the company has expressed its approval of jamil s actions there is a possibility that customers may feel pressured to purchase the private lessons in order to receive good service or to secure jamil s assistance in the future

furthermore jamil may be incentivized to prioritize the sale of private lessons over the sale of equipment as he stands to profit more from the former

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An existing business can be for sale because _____. a. the owners are retiring b. the owners are entering a new business c. the business is losing money d. all of the above Please select the best answer from the choices provided A B C Dim just dumb sorry An airplane pilot wishes to fly due west. A wind of 88.0 km/h is blowing toward the south. A. If the airspeed of the plane (its speed in still air) is 420.0 km/h , in which direction should the pilot head? B.What is the speed of the plane over the ground? Why did James Madison try to avoid going to war with Britain in 1812? identify the true and false statements about the experimental element known as the control condition? a mode of exchange in which the value of the gift is not calculated, nor is the time of repayment specified (such as an amish barn raising) is best described as: the graphs of these two equations intersect in how many points? \begin{align*} x^2 y^2 The function y = 10x + 100 represents the amount y (in dollars) of money in your bank account after you babysit for x hours.a.) If you babysit 4 hours, how much money will you earn?b.) If you have $210 in your bank account after one month, how many hours did you babysit for this month? (Read the following passage from The Hunger Games by Suzanne Collins again. Then tell me what the mood is in the space provided. Please explain what in the passage creates that mood) [Buttercup] hates me. Or at least distrusts me. Even though it was years ago, I think he still remembers how I tried to drown him in the bucket when Prim brought him home. Scrawny kitten, belly swollen with worms, crawling with fleas. The last thing I needed was another mouth to feed. But Prim begged so hard, cried even, I had to let him stay. what is f(5) f(x)=3x+2 Once the break-even point has been reached, the sale of an additional unit will lead to an increase in contribution margin that is _______ the increase in net operating income. Karissa purchased a set of LED lights online that normally sells for $90 but was marked down to $67.60 what is the discount rate karissa received Mention the role of stake-holders for the safe and prestigious foreign employment in nepal.Answer in very long. PLEASE HELP U GET BRINLIEST IF ANDMSWERED Use the paragraph to answer the question."LaShawn inhaled deeply and leaned into her stretch. She would hold it for 90 seconds: a routine she followedbefore every competition. But this was the final county tournament. Was she ready? Were the countlessbackflips she did every morning at 5 a.m. for the past nine months going to pay off? Leaning out of the stretch,she stood and walked purposefully to the door of the gym."Write 1-2 sentences in which you explain what can be inferred about LaShawn based on this paragraph.(2 points) People are more willing to enter into a somewhat risky venture when they the person or group with whom they are entering the relationship. How many one-thirdcup servings are in 6cups of chocolatechips? find the value of (2/3) power of three According to Jordan, who is Tom talking to on the phone? How does Daisy react? (The Great Gatsby) by 1828 the democratic party and the national republican party both believed in which of the following? multiple select question. economic growth territorial expansion federal go What do you now know about the Aksam kingdom?