GameStop Corp.'s financial statements reflect the appropriate balances and expenses for the reporting period ending on December 31, 2024.
Based on the provided information, the necessary adjusting entries for GameStop Corp. as of December 31, 2024, are as follows: Depreciation Expense: No journal entry required for the office equipment purchased in 2022 since it is being depreciated over its useful life. Accrued Salaries: Salaries Expense 4,350; Salaries Payable 4,350. To record the accrued salaries at year-end. Interest Expense: Interest Expense X; Interest Payable X. To record the accrued interest expense for the period from September 1, 2024, to December 31, 2024, based on the borrowed amount, interest rate, and time period. Supplies Expense: Supplies Expense X; Supplies X.
To adjust the supplies on hand at year-end to reflect their actual cost. Rent Expense: Rent Expense 14,100; Prepaid Rent 14,100. To recognize the expiration of prepaid rent during the period. These adjusting entries ensure that GameStop Corp.'s financial statements reflect the appropriate balances and expenses for the reporting period ending on December 31, 2024.
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In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
A coating machine costs $125,000. The coating solution costs $.15 per piece. You expect the coating machine to coat 50,000 parts over its useful life. What is the machine cost per part?
Answer:
$17.50
Explanation:
Cost of 50,000 times coating solution:
15 * 50,000 = 750,000 ($)
So 750,000 + 125,000 = 875,000 ($) ← Total cost
Single cost is 875000 ÷ 50,000 = 17.5 ($)
multiple choice
1. informs the reader of where each section of the plan is located
2. provides an overview of the business
3. includes a description of the good or service, goals, mission and vision statements, and proposed location
4. describes the organizational structure of the business and the management team.
5. includes documents to support the plan, such as resumes and financial statements
6. describes start up capital and source of funds
7. presents the name of the company, the owner, and the date the plan is presented
8. List the resources that were used to develop the business plan
9. summarizes why the business will be successful and request financing
10. describes industry conditions, economic conditions, and competition, and specifies the target market
the choices are A. appendices B.bibliography C. Business description D. conclusion E. executive summary F. Financial plan G. market evaluation H. operations I. table of contents and J. Title page
Answer:
1. I
2. E
3. C
4. H
5. A
6. F
7. J
8. B
9. D.
10. G
Explanation:
1. Table of contents: informs the reader of where each section of the plan is located.
2. Executive summary: provides an overview of the business.
3. Business description: includes a description of the good or service, goals, mission and vision statements, and proposed location.
4. Operations: describes the organizational structure of the business and the management team.
5. Appendices: includes documents to support the plan, such as resumes and financial statements.
6. Financial plan: describes start up capital and source of funds.
7. Title page: presents the name of the company, the owner, and the date the plan is presented.
8. Bibliography: List the resources that were used to develop the business plan.
9. Conclusion: summarizes why the business will be successful and request financing.
10. Market evaluation: describes industry conditions, economic conditions, and competition, and specifies the target market the choices are.
__________ showed that people learn to behave in certain ways because of reinforcement. A. John B. Watson B. B. F. Skinner C. William James D. Sigmund Freud Please select the best answer from the choices provided
Answer:
The answer is B.F. Skinner.
Explanation:
B.F. Skinner showed that people learn to behave in certain ways because of reinforcement. He is considered the father of this theory. Conversely, Sigmund Freud proposed classical conditioning.
B. F. Skinner howed that people learn to behave in certain ways because of reinforcement. According to research by B.F. Skinner, reinforcement is the reason why people learn particular behaviours. He is regarded as the originator of this theory. Sigmund Freud, on the other hand, advocated classical conditioning. Hence, option B is correct.
What is BF Skinner most famous for?BF Skinner, The foundation of B.F. Skinner's theory, is the idea that learning is a result of altering overt behaviour. A person's response to external circumstances leads to changes in behaviour.
The effect of American psychologist B. F. Skinner on behaviourism is well acknowledged. Free will is essentially only an illusion, according to Skinner, who referred to his own philosophy as "radical behaviourism.
Thus, option B is correct.
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All employers in the U.S. Pay "payroll taxes" on behalf of employees. The Medicare portion of this is 1.45% of pay. If an employee makes $480 in a week, how much does the employer contribute for Medicare?
Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer:
$7.10 USD
Explanation:
If the Employer is paying 1.48% of the employees paycheck to Medicare on their behalf then in order to calculate the actual amount we must first change the percentage into a decimal by dividing it by 100.
1.48 / 100 = 0.0148
Now that we have the percentage as a decimal we multiply it by the amount that the employee made that week, which in this case is $480
480 * 0.0148 = 7.104
Therefore we can see that $7.10 USD goes to medicate this week.
PLEASE HELPPPPP due by tomorrow pleaseeee
write a one-page report that details the individual’s job position, education, and career training, current job responsibilities, and what the person enjoys the most about the job position.
The job description contains sufficient information to describe major responsibilities and essential functions as they exist today. They provide the information necessary to classify the position, not the person; thus they are “incumbent neutral” and not based on any specific quality of an incumbent (such as knowledge, skills, abilities, performance, dedication, loyalty, years of service, or degree). The document should not include every detail of how and what work is performed so that it remains useful even when minor changes occur. Job descriptions can be written as a joint effort between supervisor and employee, but the supervisor must approve.
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
When j. R. Joined his uncle’s oil exploration company in east texas, he was given several hundred shares of stock in the firm, and was officially made a partner. The firm’s accountant explained that this partnership looks much like a corporation and is traded on a stock exchange but is taxed like a partnership and thus avoids the corporate income tax. Income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a?.
If the income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a: Master limited partnership
What is partnership?Partnership can be defined as the business that involve two or more parties in which the parties involve must share the profit and loss incurred from the business.
On the other hand Master limited partnership can be defined as a form of business that is owned by two or more parties who shared are often trade in the stock market.
Therefore If the income received is not taxed before it is passed on to investors as dividends as it would be if the company were a corporation. This firm is likely a special form of ownership called a: Master limited partnership.
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Answer:limited partnership
Explanation:
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Which aspect of writing business reports relates to the component of credibility known as competence?.
Providing facts that help decision makers' aspect of writing business reports relates to the component of credibility known as competence.
Competence is the capacity to perform an action successfully. You have the ability to complete a task or job successfully. The knowledge and abilities required to solve a quadratic equation are examples of competence. Alternately, it could include the considerably more extensive and varied sets of talents required to run a multinational organization.
The objective and subjective aspects of a source's or message's plausibility are included in credibility. The concept of "Ethos" is concerned with the speaker's persona.
Trustworthiness and expertise, which both have objective and subjective components, are the two main components of credibility. Although established reliability is an objective criterion, trustworthiness is primarily based on subjective criteria.
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What decision did a London Court Reach In this case?
Answer:
A.
Explanation:
I did B from the person above and got it wrong and it said that A was the answer :)
Answer:
A. The writing of The Da Vinci Code did not violate copyright law.
Explanation:
Right on ED2021, goodluck!
Which of the following should NOT appear on a resume?
age
work experience
education
references
Answer:
Age
Explanation:
Age should not appear on a resume.
Extra : -
These also should not appear on a resume
Too much informationA solid wall of text.Spelling mistakes and grammatical errors.Inaccuracies about your qualifications or experience.Unnecessary personal information.Your age.Negative comments about a former employer.Details about your hobbies and interests.During August, Panama Paint Co. completed 22,000 cans of paint. At the beginning of August, the company had 750 cans that were 75% complete with respect to material and 50% complete with respect to conversion cost. During the month, the company started production of 25,000 units. How many units were in WIP at the end of August
The number of units in work in progress (WIP) at the end of August is ___________ units.
To calculate the number of units in WIP at the end of August, we need to consider the units completed during the month and deduct the units completed from the beginning inventory. Here's the step-by-step calculation:
1. Calculate the units completed from the beginning inventory:
Beginning inventory units * Completion percentage
= 750 cans * (75% + 50%)
= 750 cans * 1.25
= 937.5 cans (round to the nearest whole number)
= 938 cans
2. Calculate the total units completed during August:
Completed units during August = Units completed from the beginning inventory + Units completed during the month
= 938 cans + 22,000 cans
= 22,938 cans
3. Calculate the units in WIP at the end of August:
WIP units at the end of August = Units started - Units completed during August
= 25,000 units - 22,938 units
= ___________ units
The number of units in WIP at the end of August is the difference between the units started and the units completed during the month, which is calculated to be ___________ units.
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Multiple Choice
Which of the following illustrates why corn was such a precious commodity to Native Americans?
The kernels were easy to transport.
It was easy to plant and grew quickly.
o One kernel could produce one to two ears.
It could be grown in any type of soil.
how much water is in a water melon plz use percentage. here is 10 points
answer:
92 percent
explanation:
watermelon contains 92 percent water and 6 percent sugar
An Administrator may take disciplinary action against a broker/dealer or its agents when the Administrator:
1. determines that the action is in the public interest.
2. suspects that the registrant's action violated a rule, order, or the USA.
3. issues an injunction which carries the force of law.
4. provides for a public hearing which must precede issuing a cease and desist order.
Answer:
4)provides for a public hearing which must precede issuing a cease and desist order.
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
A graph titled Funding for House Elections 2011 to 2012 shows parties on the horizontal axis and dollars (hundreds of millions) on the vertical axis. Approximately 610 of Republican funding was total raised, 200 was P A C funding, and 350 was individual funding. Approximately 490 of Democratic funding was total raised, 165 was P A C funding, and 290 was individual funding.
Look at this graph, showing funding for campaigns for election to the House of Representatives, 2011–2012.
What is the most logical conclusion that can be drawn from this graph?
Both parties are dependent on raising huge sums of money to fund their House campaigns.
PAC spending is not a significant factor when it comes to raising money for House campaigns.
The Democrats will always raise more money for House campaigns from individuals than the Republicans will.
Campaign funding laws have reduced the amount of money needed to fund House campaigns.
Answer: Both parties are dependent on raising huge sums of money to fund their House campaigns.
Explanation:
Campaigning for office is no cheap endeavour as many politicians have seen and noted. Money needs to be spent on everything from renting venues to buying stationary and so the politicians turn to donors to help.
Regardless of party affiliation, this is the reality for political campaigns which is why both parties rely on huge sums of money to fund campaigns like for the U.S. House of Reps. This is confirmed by the graph described above that shows the hundreds of millions of dollars being used to campaign for the House.
Answer:
A
Explanation:
Brenda and Louise are twin sisters who each married 20 years ago. Brenda and her husband run a small piano tuning business. They have had a small, loyal customer base, and their modest but adequate income has not changed over time. Louise and her husband each work for a corporation, and their incomes have steadily increased over the last 20 years allowing them to increase their standard of living. Assuming that Brenda and Louise began their married lives equally happy, and based on their income histories alone, what would you predict about the subjective well-being of Brenda and Louise today
Answer: Probably, still happy
Explanation:
People measure success differently, and what makes an individual happy may not be applicable to another, some person's gain satisfaction in doing their own business, while some prefer working for other people. This is why there isn't any specific measure for people's success. Concerning Brenda and Louise, there is a great possibility that they are happy in their various endeavors, having chosen a particular career part and stuck to it for years. This doesn't mean they won't have challenges but means they are happy where they are.
Profit is _____.
the difference between business income and business expenses
a main motive for entrepreneurs starting new businesses
often calculated using a pie graph
all of the above
Answer:
ALL OF THE ABOVE
Explanation:
EDGE 2021 :D
Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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If the Federal Reserve uses expansionary monetary policy, then: a there is a negative short-run effect on real GDP but prices remain unchanged in the long run. b there is a positive short-run effect on the price level but the aggregate price level remains unchanged in the long run. c there is a positive short-run effect on real GDP but GDP remains equal to potential GDP in the long run. d there is a negative short-run effect on the price level but the aggregate price level remains unchanged in the long run. e there is a positive long-run effect on real GDP but GDP remains unchanged at its potential level in the short run.
Answer:
b
Explanation:
There are two types of monetary policy :
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy
Goals of monetary policy include
• financial market stability
• economic growth
• high employment
• price stability
When an expansionary monetary policy is carried out, the supply of money increases in the short run. thus price level increases
In the long run, due to the money neutrality argument, there is no effect
In the month of November, Cullumber Company Inc. wrote checks in the amount of $10,230. In December, checks in the amount of $11,815 were written. In November, $8,240 of these checks were presented to the bank for payment, and $10,655 in December. There were no outstanding checks at the beginning of November. What is the amount of outstanding checks at the end of November? At the end of December? November December The amount of outstanding checks $enter a dollar amount $enter a dollar amount
Answer and Explanation:
The computation of the outstanding checks is shown below:
For the November end
= Checks - presented in the bank
= $10,230 - $8,240
= $1,990
For the December end
= Checks - presented in the bank + presented in th bank - checks
= $10,230 - $8,240 + $11,815 - $10,655
= $3,150
We simply applied the above formula
3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
How effective do you think ads are in facilitating need recognition? Explain.
PLZ HELP: FIND THE PROFIT
Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
n january 1, year 1, stratton company borrowed $260,000 on a 10-year, 10% installment note payable. the terms of the note require stratton to pay 10 equal payments of $42,314 each december 31 for 10 years. the required general journal entry to record the payment on the note on december 31, year 2 is (round to the nearest dollar): multiple choice debit interest expense $26,000; debit notes payable $16,314; credit cash $42,314. debit notes payable $26,000; debit interest expense $16,314; credit cash $42,314. debit interest expense $24,369; debit notes payable $17,945; credit cash $42,314. debit notes payable $42,314; credit cash $42,314. debit notes payable $260,000; debit interest expense $16,314; credit cash $42,314.
Powder compacts, lipstick holders, and other cosmetic accessories and containers are created under the Stratton brand in Birmingham, England. The business also produced costume jewelry.
Cufflinks from Stratton that are still in their original trays.The main company, Stratnoid, was established in 1860 and initially produced knitting needles. It changed its name to Stratton and joined with Jarrett and Rainsford in 1920 to become Jarrett, Rainsford and Laughton Ltd., which continued to operate under the Stratton and Stratton of Mayfair names.The business started putting together compacts in 1923 using components that were imported from the United States.
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types of waves that can be plane polarized
(Corporate income tax) Last year Sanderson, Inc. had sales of $3.5 million. The firm's cost of goods sold came to $2.3 million, its operating expenses excluding depreciation of $97,000 were $402,000,
The marginal tax rate is the same as the tax rate applicable to the taxable income, which is also 34%. Tax liability refers to the amount of money a business or an individual owes to the government for income tax.
In this case, Sanderson, Inc. is required to pay income tax based on the earnings from the previous year. To calculate the corporation's tax liability, we will need to find its taxable income, which is calculated as follows:
Sales revenue - Cost of goods sold - Operating expenses - Interest paid + Dividend income - Dividends paid = Taxable income
Given that Sanderson, Inc. had sales of $3 million, its cost of goods sold came to $2 million, operating expenses excluding depreciation of $100,000 were $400,000, and the firm paid $150,000 in interest on its bank loans, the taxable income can be calculated as:
3,000,000 - 2,000,000 - 400,000 - 150,000 + 50,000 - 25,000= 475,000
Therefore, the corporation's taxable income is $475,000.
To calculate the tax liability, we need to use the tax rates applicable to this amount. The marginal tax rate is the tax rate applicable to the next dollar of taxable income, while the average tax rate is the total tax paid divided by taxable income.
The tax rate applicable to $475,000 of taxable income is 34%. Therefore, Sanderson, Inc.'s tax liability is:
0.34 × $475,000= $161,500
The average tax rate is calculated as follows:
Total tax paid ÷ Taxable income= $161,500 ÷ $475,000= 0.34, or 34%
Therefore, Sanderson, Inc.'s average tax rate is 34%.
The marginal tax rate is the same as the tax rate applicable to the taxable income, which is also 34%.
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The question seems to be incomplete. The complete question is given below:
Last year Sanderson, Inc. had sales of $3 million. The firm's cost of its goods sold came to $2 million, operating expenses excluding depreciation of $100,000 were $400,000, and the firm paid $150,000 in interest on its bank loans. Also, the corporation received $50,000 in dividend income (from a company in which it owned less than 20 percent of its shares) but paid $25,000 in the form of dividends to its own common stockholders. Calculate the corporation's tax liability. What are the firm's average and marginal tax rates?
What is the total cost to conduct a market research survey will $500 base fee plus $3 per question and 1.25per person surveyed? The survey has 13 questions and will be sent to 300 people.
answer: The survey has 12 .
Explanation: