Robert has set-up a start-up business. You have been appointed as an accountant for his business. Prepare journal entries for the following
transactions
1. On January 1, 2015, Robert invested $50,000 in his business.
2. On January 4, 2015, Robert bought a laptop for $2,800 for business use.
3. On January 20, 2015, Robert received $13,000 for services rendered.
4. On January 23, 2015, Robert paid salaries to his staff for $3,500
Answer:
On January 1, 2015, Robert invested $50,000 in his business.
Date Account Debit Credit
January 1, 2015 Cash
50,000
January 1, 2015 Cash
50,000
On January 4, 2015, Robert bought a laptop for $2,800 for business use.
Date Account Debit Credit
January 4, 2015 Office Computer
2,800
January 4, 2015 Cash
2,800
On January 20, 2015, Robert received $13,000 for services rendered.
Date Account Debit Credit
January 20, 2015 Cash
13,000
January 20, 2015 Revenue
13,000
On January 23, 2015, Robert paid salaries to his staff for $3,500.
Date Account Debit Credit
January 23, 2015 Salaries
3,500
January 23, 2015 Cash
3,500
Explanation:
 
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Which option identifies the concept represented in the following scenario? Winn-Dixie has acquired the nine Gooding's grocery stores in Florida. 
- vertical consolidation
- horizontal consolidation 
- oligopolistic consolidation 
- monopolistic consolidation
Answer:
oligopolistic consolidation
Answer:
maybe vertical
Explanation:
Which of the following explains why businesses often use graphics
to warn workers of dangerous situations?
Answer:
There are no options listed, but a can cite a few reasons why companies use graphic signs:
statistically, the number of work related injuries decrease as the level of safety signage increases. visual signs are extremely effective ways of communicating, and when it comes to dangerous activities, their effectiveness increases. people tend to pay more attention to graphic signs than to written signs, that is the same reason why signs and logos are placed outside a company in order to identify it.graphic signs are very easy to recognize and associate. graphic signs do not need further or complex explanations, i.e. a picture is worth more than 1,000 words.and a long list of etc.Julie is purchasing a home for $169,000.00. Her loan has been approved for a 30-year fixed-
rate loan at 5 percent annual interest. She will pay 20 percent of the purchase price as a down
payment. What is the total interest she will pay on her loan?
$135,200.87
$142,613.78
$126,168.64
$122,877.92
Answer:
Julie
The total interest she will pay on her loan is nearly:
= $126,168.64
Explanation:
a) Data and Calculations:
Cost of purchasing a home = $169,000
Downpayment (20% * $169,000) = $33,800
Amount of loan = $135,200 ($169,000 - $33,800)
Interest rate per annum = 5%
From an online financial calculator:
Loan Amount 135200
Loan Term 30 years
0 months
Interest Rate 5
Compound
Annually (APY)
Pay Back Every Year
Results:
House Price $169,000.00
Loan Amount $135,200.00
Down Payment $33,800.00
Total of 360 Mortgage Payments $261,281.82
Total Interest $126,081.82 on a monthly basis
Mortgage Payoff Date Jun. 2051
Payment Every Year $8,794.95
Total of 30 Payments $263,848.62
Total Interest $128,648.62 on a yearly basis
What is the benefit in reaching the absolute advantage in the production of one good?
Oto produce more units of a good than other countries
to produce fewer units of a good than other countries
Oto produce more units of a good while using fewer resources
Oto produce fewer units of a good while using fewer resources
The benefit in reaching the absolute advantage in the production of one good to produce more units of a good than other countries. Option A is correct.
What is the absolute advantage?The ability of a party to produce a good or service more efficiently than its rivals is the foundation of the principle of absolute advantage. This idea or principle was first introduced in 1776 while covering international trade and using labor as the sole input.
Therefore, option A is correct.
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Which example represents a reward?
A: long break times
B: an achiever's name on the "Employee of the Month" board
C: banquet
D: bonus
Answer:
To me, it would be all of them, D. Bonus?
Explanation:
2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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how does a persons work experience affect their pay wage?
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
A free market is one where decisions regarding what and how much to produce are made by the market itself. This market is made up of buyers and sellers negotiating prices for goods and services. It is generally accepted that there are four degrees of competition within a free-market system. These include perfect competition, monopolistic competition, oligopoly, and monopoly. One benefit of the free market is that it allows open competition among companies. Businesses must provide customers with high-quality products at fair prices with good service. If they don't, they lose customers to businesses that do. Select the degree of competition that best describes each listed industry or business based on the description. 1. Automotive Industry: In this industry, there are a few sellers that tend to dominate the market.
Question Completion:
Automotive Industry
ACME Light and Power
Airline Industry
Soda Industry
Beet Industry
Cable Television Industry
Agricultural Commodities
Athletic Shoe Industry
Answer:
Industry Type of Competition
Automotive Industry Oligopoly
ACME Light and Power Monopoly
Airline Industry Oligopoly
Soda Industry Monopolistic Competition
Beet Industry Perfect Competition
Cable Television Industry Monopoly
Agricultural Commodities Perfect Competition
Athletic Shoe Industry Monopolistic Competition
Explanation:
a) Data:
Four degrees of competition within a free-market system. These include:
Perfect competition = many sellers of goods and services that are identical to one another.
Monopolistic competition = many firms who are selling non-identical goods and services.
Oligopoly = few sellers who do not dominate others but have influence.
Monopoly = one seller of a good or service.
"which of the following probably occurred as the u.s. economy experienced declining real gdp in 1957? check all that apply.
1. Corporate profits declined.
2. Total real income declined.
3. Consumer spending increased.
4. Car sales increased."
The event that probably occurred as the U.S. economy experienced a decline in Real GDP in 1957 was:
1. Corporate profits declined.2. Total real income declined.What happens when real GDP decreases?When Real GDP declines, it means that real income is declining as well. In other words, the income of people is not climbing as fast as the inflation rate and as a result, people are spending more than they earn.
This forces people to cut down on the amount of spending that they do which would lead to the effect of companies losing profits. Corporate profits therefore decline. This is what happened to the U.S. economy in 1957.
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_________ Refers procedures that connect to the work activities of the different work divisions or units of the firm in order to achieve its overall goal
Answer:
Organizing
Explanation:
Organizing involves coordinating and allocating a firm's resources so that the firm can carry out its plans and achieve its goals. This organizing, or structuring, process is accomplished by: Determining work activities and dividing up tasks (division of labor) Grouping jobs and employees (departmentalization
Does Tesla address the ethical issues that you identified in your ELCA? By what actions/strategies? Provide at least three examples.
Apostoli Manufacturing Company operates 320 days a year with an annual demand for component X of 4,800 units. The fabrication department at the company is able to produce 105 units per day and send them over to assembly while production is in progress (i.e. non-instantaneous replenishment).
Assume, for now, that assembly uses order size of Q = 1000 units of component X. Suppose it costs fabrication $800 to set up a production and the cost of carrying a unit of component X in inventory for a year is $25. What is the total annual inventory cost for component X when order size Q = 1000?
The total annual inventory cost for component X when order size Q = 1000 is $55,278.16
The total annual inventory cost for component X when order size Q = 1000 can be calculated using the Economic Order Quantity (EOQ) model, which minimizes the total annual inventory cost.
To calculate the EOQ using the formula:
EOQ = √[(2DS) ÷ H]
where;
D = annual demand
S = setup cost per order
H = annual holding cost per unit.
Using the given values, we have:
EOQ = √[(2 × 4,800 × 800) ÷ 25]
= 916.5
The number of orders placed in a year using the formula:
Number of orders = D ÷ Q
where Q is the order size.
Using the given values, we have:
Number of orders = 4,800 ÷ 1,000 = 4.8
The total annual inventory cost using the formula:
Total annual inventory cost = (Q ÷ 2) × H × (D ÷ Q) + D × S ÷ (D ÷ Q)
Using the given values and the calculated EOQ, we have:
Total annual inventory cost = (1,000 ÷ 2) × 25 × (4,800 ÷ 1,000) + 4,800 × 800 ÷ 916.5
= $55,278.16
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A company regularly launches products with features that are different from what are offered in the market. It has now launched a new electronic device in the market. The device can be fitted to vehicles. It can be programmed in such a way that it automatically dials the police emergency number, provide them with all the required location details, and guide them to the location in case of an emergency. This is an example of a(n) _____ strategy.
a. focused cost leadership
b. cost leadership
c. pull
d. adaptive
e. differentiation
The gadget is vehicle-installable. It may be configured to call the police emergency number automatically in an emergency, give them all the necessary location information, and direct them to the scene. A differentiation technique like this one is an example.
What is Differentiation strategy?A business develops a differentiation strategy by offering clients something special, unusual, and distinct from products that its rivals might sell in the market. Enhancing competitive advantage is the primary goal of differentiation strategy implementation. This is a method that a business employs to produce a distinctive good or service that will set consumers apart from those offered by rivals more effectively or creatively.A corporation can stand out from its competitors by using a differentiation strategy.This strategy is carried out through developing innovations through research and development, and it aids a company in building a solid consumer base for the future.Therefore, based on the foregoing, we may say that the present scenario illustrates a differentiation technique.To learn more about Differentiation strategy refer to:
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how hospital capacity considerations differ from a factory.
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation:
chiến lược phân phối của thương hiệu Omo
Answer:No
si chang chang hoi
Explanation:
Suppose your boss has asked you to write a letter to a client about a problem with their order. What format of writing would you use, and what kind of style would you use to write? Justify your response. :) please answer soon <3
Explanation:
If it is a letter written are put the adrees date and are put if it my boss are say dear boss
In a communist economy all economic activities are controlled by?
Answer:
benefits of quality management
Precision Camera Services started the year with total assets of $80,000 and total liabilities of $40,000. The revenues and the expenses for the year amounted to $140,000 and $60,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stockholders' equity at the end of the year?
Answer:
$65,000
Explanation:
Stockholder's equity is the net value of a company's asset. It is the remaining value of a company asset after adjusting for retained earnings and liabilities.
For Precision Camera Services.
Current year additions to stakeholder equity will be the retained earnings.
Retained earning is revenues- expenses - dividends paid out
=$140,000 - $60,000 - $55,000
=$25,000
Stockholders equity : Assets + retained earning - liabilities
=$80,000 + $25,000 - $40,000
=$105,000- $40,000
=$65,000
Ash Company reported cost of goods sold of $875,000 for the year. Ash has also provided the following information: Ash prepares its statement of cash flows using the indirect method Inventory Accounts Payable Balance - beginning of year 69,000 107,000 balance - end of year 83,000 92,000 What amount of cost of goods sold should Ash report as a supplement disclosure of cash flow information 
A. 14,000 
B. 904,000 
C. 889,000 
D. 15,000
Answer:
B. 904,000
Explanation:
Ash Company should report as supplemental information the amount of cash paid to suppliers = cost of goods sold + increase in inventory + decrease in accounts payable
cash paid to suppliers = $875,000 + ($83,000 - $69,000) + ($107,000 - $92,000) = $875,000 + $14,000 + $15,000 = $904,000
Apparently Ash Company buys and then resells goods, which means that one of its largest cash outflows should be suppliers. That is why it should provide supplemental information about cash paid to them.
Homeowners insurance covers loss of a home caused by which of the following two factors? fire inability of owner to pay mortgage natural disaster failure to pay property taxes
Answer:
fire & natural distaster.
Explanation:
homeowners insurance covers things that can't be prevented. :)
Answer:
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Sean is a baseball player who earns $890,000 per year playing for team X. If he weren't playing baseball for team X, he would be playing baseball for team Y and earning $660,000 per year. If he weren't playing baseball at all, he would be working as an accountant earning $90,000 per year. What is his economic rent as a baseball player?
Answer: The answer is given below
Explanation:
Economic rent is a payment to a factor of production that is in excess of the costs which are needed to bring the factor into production. It is the payment in excess of the opportunity cost.
Economic rent = Present opportunity - opportunity cost.
Sean is a baseball player who earns $890,000 per year playing for team X. If he weren't playing baseball for team X, he would be playing baseball for team Y and earning $660,000 per year. His economic rent in this case will be:
Economic rent = Present opportunity - opportunity cost.
= $890,000 - $660,000
= $230,000
If he weren't playing baseball at all, he would be working as an accountant earning $90,000 per year. His economic rent in this case will be:
Economic rent = Present opportunity - opportunity cost.
= $890,000 - $90,000
= $800,000
April's credit card has a balance of $483.42, but the amount that she needs to pay to bring the
card to a $0 balance is $726.18 because she missed a payment. What is April's interest rate?
The interest rate for April is 50.29%.
What is Interest ?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate.
It is not the same as a fee that the borrower might pay to the lender or another entity.
Given that April's credit card debt is $483.42 but that he needs to make a payment of $726.18, the interest rate for non-payment that he is subject to is as follows:
483.42 = 100
726.18 = X
((726.18 x 100) / 483.42) = X
= X
Consequently,
since 150.29 = 150.29 - 100 = 50.29 %
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Which of the following describes a common factor between the following places where vanilla beans are grown: Mexico, Tahiti, Indonesia, India, Uganda, and Papua New Guinea?
They are all near Central America.
They are all islands.
They are Spanish-speaking.
They are all at least partially tropical.
Answer: they are all least partially tropical
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $110, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $100,000. 
a. Make a table of the two possible payouts on each policy with the probability of each. 
b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value, variance and standard deviation of your profit? 
c. Now suppose your company issues two policies. The risk of fire is independent across the two policies. Make a table of the three possible payouts along with their associated probabilities. (Round your "Probability" answers to 4 decimal places.) 
d. What are the expected value, variance and standard deviation of your profit? 
e. Compare your answers to (b) and (d). Did risk pooling increase or decrease the variance of your profit? 
f. Continue to assume the company has issued two policies, but now assume you take on a partner, so that you each own one-half of the firm. Make a table of your share of the possible payouts the company may have to make on the two policies, along with their associated probabilities. (Round your "Probability" answers to 4 decimal places.) 
g. What are the expected value and variance of your profit?
A table of the two possible payouts probability.$110 99.9%, $100,000 0.1%
What is probability?Probability is the measure of how likely an event is to occur. It is expressed as a number between 0 and 1, with 0 indicating an impossible event and 1 indicating a certain event. Probability is used to calculate the likelihood of certain outcomes in any given situation, allowing us to make predictions and decisions based on the data available. Probability is a powerful tool that can help us understand the world around us and make decisions based on the most likely outcome.
Imagine that you own the whole business and that it only issues one policy. What are your profit's anticipated value, volatility, and standard deviation?
Expected Value = Premium - Payout x Probability = $110 - $100,000 x 0.001 = $109.90
Variance = (Premium - Payout)2 x Probability = ($110 - $100,000)2 x 0.001 = $99,800.10
Standard Deviation = √Variance = √$99,800.10 = $316.41
Let's say your business has two policies. The two policies' fire risks are distinct from one another. Create a table with the three potential payments and the corresponding probability. Answers for "Probability" should be rounded to four decimal places.
Payout  Probability
$220  99.81%, $100,000 0.09%, $200,000
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What kind of bonds are issued by businesses as a source of long-term funding?
Corporate bonds are issued by companies.
general obligation bondsrevenue bondsconduit bondsExplanation
Corporate bonds are debt securities issued by private and public corporations.
The opportunity to earn a dollar in a factory just now is worth infinitely more than the opportunity to spend a dollar in an opera house.
"The opportunity to earn a dollar in a factory just now is worth infinitely more than the opportunity to spend a dollar in an opera house".- This is what BOOKER T. WASHINGTON said in his September 18, 1895 address given at the opening of the Atlanta Cotton States and International Exposition.
The Atlanta Exposition Speech is an address on the topic of race relations given by African-American scholar Booker T. Washington on September 18, 1895. The speech, presented before the audience at the Cotton States and International Exposition (site of today. Piedmont Park) in Atlanta, Georgia, has been recognized as one of the most important and influential speeches in history American history. The speech was preceded by the reading of a dedicatory ode written by Frank Lebby Stanton.
Washington began with a call to blacks, who made up a third of the population of the South, to join the working world. He declared that the South was where black people gave their time, not the North, especially in the world of business and commerce. He told the white audience that instead of relying on immigrants arriving at the rate of a million people a year, they should hire some of the country's eight million blacks. He praised the blacks' honesty, integrity and love in serving the white people, but warned that they could become a heavy burden to society if the oppression continues, saying The progress of the South was the most important for the treatment of black people and their protection. freedom.
He spoke of the discrepancy between legal business and social acceptance, declaring that "The opportunity to earn a dollar in a factory just now is worth infinitely more than the opportunity to spend a dollar in an opera house". Washington continues to promote segregation by claiming that blacks and whites can exist as the fingers of one hand.
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A stock has a required return of 13%; the risk-free rate is 5.5%; and the market risk premium is 4%. What is the stock's beta
Answer:
1.875
Explanation:
We can use the Capital Asset Pricing Model (CAPM) to find the beta of the stock as follows :
Stock`s Return = Rf + Beta × (Rm - Rf)
Where,
Rf is Expected Return on Risk Free Securities
(Rm - Rf) is stocks` risk premium
Therefore,
Beta = (Stock`s Return - Rf) ÷ (Rm - Rf)
= ( 13% - 5.5%) ÷ 4%
= 1.875
Conclusion
The Stocks` Beta is 1.875
Which of the following best explains why students should learn
about personal finance?
A. Learning to manage money at this stage can eliminate
financial mistakes and promote huge financial benefits for the
future.
B. Personal finance skills are better learned through trial and
error.
C. Personal finance skills are highly complex and require a great
deal of time to learn.
D. Learning to manage money will help you achieve a profitable
career.
Answer:
a
Explanation:
cause it's better for dem to learn bout finance now so they can be prepared in the future
Answer:
A because it statement is the most influential, and has the best reasoning behind it.