Calculate how much was written off on the debt owed by Miss Marigold on the (6) 31st of March. Show all workings as marks will be allocated. Question 2 Marks: 40) Oak General Dealers, a registered VAT vendor, sells goods for cash and on credit. All debtors are registered for VAT, and deal in standard rated supplies. VAT is charged at 15%. Miss Marigold owed R5 000 at the beginning of March 2022. Oak General Dealers uses the periodic inventory system. The following transactions took place during the month of March 2022: Date Details of transaction 1 Sold goods on credit to Miss Marigold, R46 000 (including VAT). 5 Realised that an error was made on the previous invoice. The invoice was undercast by R4 000 (excluding VAT). Miss Marigold was contacted in this regard and she accepted the corrected amount. 8 Miss Marigold settled her account balance as at 5 March 2021 and took advantage of the 2% settlement discount Oak General Dealers had offered her for prompt payment. Round to the nearest rand. 9 Sold goods on credit to Mr Mimosa, R9 200 (including VAT). 10 15 A rebate of R200 (excluding VAT) was granted on the goods purchased by Mr Mimosa. Best Bank informed Oak General Dealers that Miss Marigold's EFT processed on the 8th March was unsuccessful due to insufficient funds. 18 Miss Zinnia bought goods on credit, R15 000 (excluding VAT). 23 Miss Zinnia returned goods purchased on the 18th for R2 875 (including VAT). 31 Miss Marigold's lawyer informed Oak General Dealers that Miss Marigold had been liquidated. Her lawyer made an EFT payment constituting a payment of 30 cents in the rand. The rest of the debt was written off. Required: Use the relevant transactions from those given above to complete Q.2.1-Q.2.2 for Oak General Dealers for the month of March 2022.

Answer:

false

true

true

true

false

Explanation:

Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.

If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out

Fractional banking is practiced in the US

Bank run is when depositors withdraw their monies from the bank due to fear of the bank failing.

The Federal Deposit  Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited

Answer:board of directors

Explanation:

An example of the spokesperson (manager) management role would be representing the company at a shareholder's meeting.

The position of spokesman is similar to that of disseminator but with a concentration on external communication.

In this position, the manager represents the organization to the media, shareholders, and other external organizations.

Hiring, fostering, and letting go of staff employees comprise the majority of their management responsibilities.

Therefore, representing the firm at a shareholder's meeting is an example of a spokesman's (manager) management job.

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Answer:

y=8

Explanation:

15-7=y

8=y

y=8

Answer:

its 8

Explanation:

if u do 3 times 5 its 15, if u do 15-7 which equal 8 or y so y=8

The 5 important data analysis skills are:

These capabilities, abbreviated as CCTM and DDDS, are critical for any information analyst or information-driven professional, allowing them to make informed choices, derive meaningful insights, and pressure tremendous consequences for his or her corporation.

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Answer:

This is an example of A. Avoiding risk

Explanation:

The answer is A because by not selling the bike with the faulty part, they are AVOIDING injuring the people who purchase their bikes.

Understanding political and regulatory considerations is important for entrepreneurs because we want to know how the laws affect the firms that we are in or that we may start.

We are interested in learning how the laws affect the businesses that we are in or may start. We also want to consider the government as a consumer and potential growth areas. We also wish to raise awareness of these factors and changes in politics and regulation.

In a certain geographic area, entrepreneurial development is greatly influenced by political issues. This is due to the fact that politicians determine the kind of market that is present. The market may be capitalistic, communist, or a mixed economy in various nations.

The foundation of a country's commercial climate is its political environment. Businesses would be positively influenced by stable and improved government policies, and vice versa. Changes in policy are frequently brought about by changes in government.

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Answer:

1.2487214e+14

Explanation:

Answer: Structure interview

Explanation:

A structured interview is a form of interview used by an organization in order to ensure that each interview is presented to each candidate with exactly the same questions and also in the same order.

It is a standardized way of interviewing the candidates for a job based on the particular needs of the job the candidates applied for. The candidates are asked same questions irrespective of their qualifications or experience.

Answer:

The Answer Is C

Explanation:

In conclusion correct option for this question is (d) 233%

Why it is?

The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.

This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.

However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.

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The current yield of the bond is approximately 4.95%  and The capital gains yield of the bond for this year is approximately -2.16%.

The current yield of a bond represents the annual interest payment as a percentage of its current market price. To calculate the current yield, we divide the annual interest payment by the bond's market price and multiply by 100.

In this case, the bond has a par value of $1,000 and a 4.6% coupon rate. Since the interest is paid semiannually, the annual interest payment would be 4.6% * $1,000 / 2 = $23. The bond is currently selling for $930.

To calculate the current yield, we divide the annual interest payment ($23) by the market price ($930) and multiply by 100:

($23 / $930) * 100 ≈ 2.47%.

The capital gains yield represents the change in the bond's price over a given period, expressed as a percentage of the initial price. In this case, we need to calculate the change in the bond's price from the beginning of the year to the current price.

Since the bond is expected to be held until maturity, the capital gains yield is the difference between the current price ($930) and the par value ($1,000), divided by the par value, and multiplied by 100:

(($930 - $1,000) / $1,000) * 100 ≈ -7%.

However, since the bond is held for only one year, we need to divide the capital gains yield by the number of years remaining until maturity (nine years) to calculate the annual capital gains yield: -7% / 9 ≈ -0.78%.

To find the total yield for this year, we add the current yield (2.47%) to the annual capital gains yield (-0.78%): 2.47% - 0.78% ≈ 1.69%.

Therefore, the bond is expected to generate a current yield of approximately 4.95% and a capital gains yield of approximately -2.16% for this year.

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Answer:

B. auditor

Explanation:

The work of an auditor and that of the forensic accountants are very similar. They both examine financial records and statements of an organization to confirm their accuracy. The auditor and forensic accountant are specialized officers. They have been trained to detect fraudulent reporting in financial statements. After evaluating the books of account, they form an opinion based on their findings.

Answer:

A. curriculum developer

Explanation:

A curriculum developer refers to an individual who is typically an educational professional who is saddled with the responsibility of creating or developing topics, instructional materials and teaching techniques (methods) that are to be used by classroom teachers to instruct, lecture and teach students. Thus, curriculum developers do not work directly with students but are part of the chain responsible for ensuring that students get the best form of knowledge and learning experience in schools.

Additionally, curriculum developers are to ensure that the curriculum used for teaching students are totally or completely in compliance with sets of standards established by the school and regulatory agencies in the state.

In this scenario, Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students.

Hence, the career which would be the best option for her is to be a curriculum developer.

Answer:

A. curriculum developer

Explanation:

Answer:

Following are the solution to the question:

Explanation:

Calculating the total cost:

\(C(x) = 2,000 + 140x + \frac{4x^3}{2}\)

Calculating the marginal cost:

\(M(x) = C'(x) = 140 + 6 \times \frac{1}{2}\)

Calculating the average cost:

\(A( x ) =\frac{ C( x )}{x} = 2,000x-1 + 140 + 4\times \frac{1}{2}\)

Calculating the marginal average cost:

\(m( x ) = A'( x ) = -2,000x-2 + 2x-\frac{1}{2}\)

In point  (a)

\(C( 1,000 )\)

              \(= 2,000 + 140( 1,000 ) + 4( 1,000)^{\frac{3}{2}}\\\\= \$ \ 268,491.106 \\\\ = \$ \ 268,491.11\)

In point(b)

\(A( 1,000 )\)

               \(= 2,000( 1,000 )-1 + 140 + 4( 1,000 )^{\frac{1 }{2}}\\\\= \frac{\$ \ 268.491106} {unit}\\\\= \frac{\$ \ 268.49}{ unit}\)

In point (c)

\(M( 1,000)\)

              \(= 140 + 6( 1,000 )^{\frac{1}{2}}\\\\= \frac{\$ \ 329.73666}{unit}\\\\= \frac{ \$ \ 329.74}{ unit}\)

In point (d)  

Calculating the average cost:

\(A'( x ) = m( x ) = -2,000x-2 + 2x- \frac{1}{2}\\\\A'( x ) = 0 = -2,000x-2 + 2x-\frac{1}{2}= 0\\\\multiply \ by \ 2\\\\\to -2,000 + 2 \times \frac{x^3}{2}= 0 \\\\\to 2\times \frac{x^3}{2} = 2,000 \\\\\to \frac{x^3}{2} = \frac{2,000}{2} \\\\ \to \frac{x^3}{2}= 1,000 \\\\\to x = ( 1,000 )^{\frac{2}{3}}\\\\ \to 100 \ units\)

In point (e)

\(A( 100 )\)

            \(= 2,000( 100 )-1 + 140 + 4( 100 )^{\frac{1}{2}}\\\\= \frac{ \$ \ 200}{unit}\)

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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The given statement, "Countries with strong balance sheets and declining budget deficits tend to have lower interest rates," is true (a) because strong fiscal policies lead to lower perceived risk by lenders and investors.

Which in turn leads to higher demand for government debt and lower interest rates.

Countries with strong balance sheets and declining budget deficits are generally seen as less risky by lenders and investors. As a result, they are likely to attract more demand for their government bonds and other debt securities, which can push down interest rates. Lower interest rates make it cheaper for governments to borrow money, which can help them to finance their budget deficits and support economic growth.

Conversely, countries with weak balance sheets and growing budget deficits are often seen as riskier by lenders and investors. This can lead to higher interest rates as lenders demand higher compensation for the increased risk. Higher interest rates can make it more expensive for governments to borrow money, which can exacerbate their budget deficits and economic challenges.

Overall, there is a strong relationship between a country's fiscal health and its borrowing costs, with countries that demonstrate responsible fiscal policies typically benefiting from lower interest rates.

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Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.

Megan, a resident of a San Jose suburb, is considering attending either San Jose State University or Santa Clara University. As she prefers living on campus rather than with her parents, Megan decides to utilize the Consumer Financial Protection Board's school comparison tool to evaluate her options. She qualifies for outside scholarships won through an essay contest and has $1,500 in savings to contribute towards tuition. Her parents are unable to provide financial assistance. Megan secures $3,000 in Perkins loans, $3,000 in Federal Subsidized loans, and $2,500 in Federal Unsubsidized loans. To cover the remaining balance, she plans to take out private loans with an interest rate of 7.9%.

At graduation from San Jose State University, Megan's total debt is estimated to be the sum of her loans, which amounts to $10,000 in Perkins loans, $3,000 in Federal Subsidized loans, $2,500 in Federal Unsubsidized loans, and the private loans she takes out. The debt from private loans will depend on the amount Megan borrows.

To determine Megan's monthly loan payment, we need additional information about the repayment term and interest rate for her private loans. Once these details are provided, we can calculate her monthly payments based on the loan amount and interest rate.

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The Sunday Service at the church in your neighborhood can be classified as a club good.

This is because the service is limited in terms of seating capacity, and those who are able to attend the service must be members of the church or have some affiliation with it.

This makes it similar to a club, where membership is required to access certain benefits or services. While the sign reads that "all are welcome," the reality is that not everyone can attend due to capacity constraints.

Additionally, the service is not open to the general public, which would make it a public good.

It is also not privately owned or exclusive to certain individuals, which would make it a private good.

Thus, the Sunday Service at the church in your neighborhood is best classified as a club good.

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When the tolerable exception rate exceeds the computed upper exception rate, it suggests that the level of control risk is higher than what the auditor initially anticipated.

The auditor examines the overall control environment of the organization, including its internal control structure, control activities, and management's attitude towards internal controls. This helps to understand the context in which the control operates.The auditor assesses the design of the control to determine if it has been properly designed and implemented to prevent or detect material misstatements. This involves understanding the control objectives and how the control is intended to operate. The auditor performs tests of controls to determine if the control is operating effectively. These tests could include inquiries, observations, inspections, and re-performance of control activities. The purpose is to obtain evidence on whether the control is functioning as intended.

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The accounts that are considered accrued expenses are interest expense, wages expense, and utility expense.

Accrued expenses are expenses that have been incurred but not yet paid. These expenses are typically  recognized in the period in which they are incurred, regardless of whether or not they have been paid for.

The Interest expense and the wages expense are expenses incurred when interest and wages are due and have still not yet been paid. Utility expense is an expense incurred for services used, but not yet paid for. Unearned revenue, cash, building, equipment, common stock, and dividends are not considered accrued expenses.

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Using the perpetual inventory system, Maynor Company's ending inventory and cost of goods sold can be calculated using different inventory costing methods. The first method is First-In, First-Out (FIFO), and the second method is Last-In, First-Out (LIFO).

Under the First-In, First-Out (FIFO) method, the assumption is that the first units purchased are the first ones sold. Based on this method, the ending inventory can be calculated by subtracting the total units sold from the total units available for sale. In this case, the company sold 25 units on May 1 and 20 units on October 28. Therefore, the ending inventory under the FIFO method would be 30 units (75 - 25 - 20).

To calculate the cost of goods sold using FIFO, we need to determine the cost of the units sold first. Since the assumption is that the first units purchased are sold first, we take the cost of the earliest purchases and multiply them by the corresponding units sold. In this case, the cost of the 25 units sold on May 1 would be calculated by multiplying the unit cost of $60 (from the beginning inventory) by 10 units and the unit cost of $66 (from the March 28 purchase) by 15 units. Similarly, the cost of the 20 units sold on October 28 would be calculated by multiplying the unit cost of $66 by 5 units and the unit cost of $70 (from the August 22 purchase) by 15 units. Adding these costs together gives us the cost of goods sold under FIFO.

Using the Last-In, First-Out (LIFO) method, the assumption is that the last units purchased are the first ones sold. The ending inventory under LIFO would be the remaining units from the most recent purchase. In this case, the last purchase was made on October 14 for 25 units, so the ending inventory under LIFO would be 25 units.

To calculate the cost of goods sold using LIFO, we follow a similar process as with FIFO. We take the cost of the latest purchases and multiply them by the corresponding units sold. In this case, the cost of the 25 units sold on May 1 would be calculated by multiplying the unit cost of $76 (from the October 14 purchase) by 10 units and the unit cost of $70 (from the August 22 purchase) by 15 units. The cost of the 20 units sold on October 28 would be calculated by multiplying the unit cost of $70 by 5 units and the unit cost of $66 by 15 units. Adding these costs together gives us the cost of goods sold under LIFO.

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The song "Get Up, Stand Up" by Bob Marley and The Wailers is protesting against social and political inequality, injustice, and oppression.

The lyrics urge people to stand up for their rights and fight against discrimination and tyranny. Marley's message is that people should not be passive observers of injustice, but instead actively work towards change. The song is a call to action, encouraging individuals to come together and fight for what is right. The lyrics state, "We sick an' tired of your ism-skism game / Dyin' 'n' goin' to heaven in-a-Jesus' name, Lord / We know when we understand / Almighty God is a living man." This is a powerful statement that challenges those in power who use religion as a means to justify their actions. Overall, the song's message is one of empowerment and solidarity, urging listeners to take a stand and work towards creating a better world for all.

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Answer:

C

Explanation:

Given the following data:The average customer in the "Young Mothers" segment brings in $104 in annual margin to the firm.Corner Bakery spends $24 per customer each year on retention communications.Acquiring a customer in this category costs the Corner Bakery an average of $50.

Given the following data:The average customer in the "Young Mothers" segment brings in $104 in annual margin to the firm.Corner Bakery spends $24 per customer each year on retention communications.Acquiring a customer in this category costs the Corner Bakery an average of $50.The retention rate for these customers is 75%.Discount rate = 11%To calculate the customer lifetime value for one "Young Mothers" customer, we need to find out:How much profit one customer is expected to generate in his lifetime. To calculate this, we will use the following formula:Customer Lifetime Value = Customer Annual Margin × (Retention Rate ÷ (1 + Discount Rate − Retention Rate)) − Acquisition CostAs per the given data,Annual Margin per Customer = $104Retention Rate = 75%Acquisition Cost = $50Discount Rate = 11%Plugging in the given values in the formula, we get:Customer Lifetime Value = $104 × (0.75 ÷ (1 + 0.11 − 0.75)) − $50= $104 × (0.75 ÷ 0.86) − $50= $90.70 - $50= $40.70Therefore, the customer lifetime value for one "Young Mothers" customer is $40.70.

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Answer:

Frozen Pizzas

Explanation:

Info from the video:

"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."

Frozen pizza is an expenditure that could be bought by individuals and families in a household.

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: In Russia dog does not eat your homework, I do.

Insurance companies negotiate discounts with hospitals under a(n): Preferred provider organization (PPO).

Insurance company is an a company that help to provide coverage for their policy holder in case of unforeseen or unexpected circumstance such as:

Preferred provider organization is a medical health plan that  enter into  a contract agreement with health care service providers so as to provide health care to people under the plan.

Therefore Insurance companies negotiate discounts with hospitals under a(n): Preferred provider organization.

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The adjusted cost of goods sold for the year is $1,603,000.

To calculate the adjusted cost of goods sold, we need to determine the amount of overapplied or underapplied overhead. We can start by calculating the predetermined overhead rate:

Predetermined overhead rate = Estimated total manufacturing overhead / Estimated direct labor-hours

Predetermined overhead rate = $546,000 / 42,000 hours = $13 per direct labor-hour

Next, we calculate the applied overhead by multiplying the actual direct labor-hours by the predetermined overhead rate:

Applied overhead = Actual direct labor-hours * Predetermined overhead rate

Applied overhead = 47,000 hours * $13 = $611,000

Now we can determine whether there was overapplied or underapplied overhead by comparing the applied overhead to the other manufacturing overhead costs incurred:

Overapplied/Underapplied overhead = Other manufacturing overhead costs incurred - Applied overhead

Overapplied/Underapplied overhead = $454,000 - $611,000 = -$157,000

Since the amount is negative, it means there was overapplied overhead. The overapplied amount needs to be closed out to the cost of goods sold. To calculate the adjusted cost of goods sold, we add the overapplied amount to the unadjusted cost of goods sold:

Adjusted cost of goods sold = Cost of goods sold (unadjusted) + Overapplied/Underapplied overhead

Adjusted cost of goods sold = $1,458,000 - $157,000 = $1,603,000

Therefore, the adjusted cost of goods sold for the year is $1,603,000.

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