Hedge funds typically require a high minimum investment and are only open to accredited investors, such as wealthy individuals and institutional investors.
What is investors?An investor is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns. Investors rely on different financial instruments to earn a rate of return and accomplish important financial objectives like building retirement savings, funding a college education, or merely accumulating additional wealth over time.A wide variety of investment vehicles exist to accomplish goals, including (but not limited to) stocks, bonds, commodities, mutual funds, exchange-traded funds (ETFs), options, futures, foreign exchange, gold, silver, retirement plans, and real estate. Investors can analyze opportunities from different angles, and generally prefer to minimize risk while maximizing returns.To learn more about mutual fund refer to:
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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With regard to the composition of corporate boards in the United States,
corporate boards average approximately 12 members.
O about half of the directors are "outside" directors.
O five percent have at least one woman on the board.
twenty-five percent of all companies have at least one minority board member.
With regard to the composition of corporate boards in the United States, option B. About half of the directors are "outside" directors.
Corporate boards in the United States typically consist of a group of individuals responsible for overseeing the management and decision-making of a company. The composition of these boards can vary, but there are some common trends and practices.
Option A states that corporate boards average approximately 12 members. While this may be true for some companies, board sizes can vary significantly depending on the size and nature of the organization. Smaller companies may have fewer board members, while larger corporations may have larger boards to accommodate the complexities of their operations.
Option C suggests that five percent of corporate boards have at least one woman on the board. However, the representation of women on corporate boards has been a topic of discussion and a focus of efforts to improve diversity. Recent studies and reports indicate that progress has been made, and the percentage of women on boards has been increasing over time. However, the exact percentage varies among companies and industries.
Option D states that twenty-five percent of all companies have at least one minority board member. Like gender diversity, the representation of minorities on corporate boards has been a topic of concern and initiatives promoting inclusion. The percentage of companies with minority board members may vary, and efforts are being made to improve diversity in this regard as well.
Overall, it is important to recognize that the composition of corporate boards in the United States is evolving, and there is increasing recognition of the importance of diversity, including gender and minority representation. While specific percentages may vary, there is a growing emphasis on promoting diversity and inclusion in corporate governance practices. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
With regard to the composition of corporate boards in the United States,
A. corporate boards average approximately 12 members.
B. about half of the directors are "outside" directors.
C. five percent have at least one woman on the board.
D. twenty-five percent of all companies have at least one minority board member.
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Some states and localities are drafting legislation to reduce the number of payday loans that a lender can provide to an individual within a year. What might the new graph look like if those changes are implemented on a large scale across many states?
Answer:
Without additional information about the specific details of the legislation and its impact on the demand for payday loans, it is difficult to accurately predict what the new graph might look like. However, we can make some general assumptions based on the principle of supply and demand.
If the legislation reduces the number of payday loans that a lender can provide to an individual within a year, the supply of payday loans will decrease. This will likely result in an increase in the cost of payday loans, as lenders will want to make up for the lost revenue from providing fewer loans. This increase in cost may cause some borrowers to seek alternative sources of credit, such as personal loans or credit cards, which could further reduce the demand for payday loans.
As the demand for payday loans decreases, the graph will shift to the left, reflecting the decrease in quantity demanded. The shift will depend on the extent of the legislation and its impact on the market. If the legislation is implemented on a large scale across many states, the shift may be significant and could result in a major change to the payday loan industry. However, if the legislation is only implemented in a few states, the impact may be minimal and the graph may not change significantly.
The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C. Make a purchase and test it out D. Read consumer information magazines
Answer:
D
Explanation:
edge 2020
The best way to research an expensive product is to read consumer information magazines. Thus option (D) is correct.
What is research ?Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.
Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society.
The Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.
The best way to research an expensive product is to read consumer information magazines. Therefore, option (D) is correct.
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If the first two statements below are true, is the third statement true?
A) Mr. Brown's rabbits are grey.
B) All grey creatures are kind.
C) Mr. Brown's rabbits are unkind.
Answer: No, it's not true.
Explanation: It is so because it's already mentioned that all grey creatures are kind and Mr. Brown's rabbits are kind. Moreover rabbits will be in the set of all creatures. Hence, rabbits are kind.
Which of these does research show is the best study technique?
Highlighting
Rereading
Doing practice questions
Summarization
Answer:
highlighting
Explanation:
Highlighting is characterized as the 'process of marking the significant or important information in a chapter or text.'
The most adequate study technique displayed by research is:
A). Highlighting
'Highlighting' helps the students keep their focus on the important details ideas of the text. This will not only assist the students in memorizing the information effectively but also in revising them during the exams as the important details are already highlighted. It allows the students in effective and efficient learning of the key concepts and to understand the texts comprehensively.
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If a company has sales of $130 in 2021 and $182 in 2020, the percentage decrease in sales from 2020 to 2021 is 40%.
True
False
The percentage decrease in sales from 2020 to 2021 is 40%. The statement is false.
What is decrease in sales?There are many different reasons why revenues decline. Reduced product availability is the result of manufacturing or delivery issues. As consumer preferences shift, less people are buying your products. Consumers are obligated to spend very little on discretionary items due to the economy.
A business should not experience a decline in revenue. A company runs the danger of not making a profit or having very slim profit margins if its sales is declining. A business can only avoid financial harm from a decline in income if costs are also falling.
sales in 2020= $182
sales in 2021= $130
Total decrease in sale= $52
% decrease in sale= 28.57%
hence, false is an appropriate response.
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Which of the following is an example of a realistic job preview (RJP)? Check all that apply. a) When Mary has her first interview for a job as a police officer, she is shown a video that tells her how rewarding policework can be, but it also outlines how difficult it can be to work night shirts b) When he is recruited to be a tax accountant at Deloitte, Hans is told that it is a great job and company with a lot of career opportunities but also warned that during March and April it is common to have to work some evenings and weekends to get all of the tax filing work done. c) When she is recruited to be a trash truck driver for Waste Management, Trisha is told only potential negative things about the job, including the smell, early hours, and frequent traffic. d) When she is interviewed for a sales associate role at Verizon, Tina is told only positive things about the company.
The correct answers are A and B
Explanation:
Realistic Job Previews or RJPs provide objective information about a job including its challenges or negative aspects, as well as its advantages or positive aspects. This is essential to allow candidates to have a realistic perspective about a job before applying to it. In this context, only option A and B are Realistic Job Previews because these two options explain the positives and negatives of a job (police officer and tax accountant), while other options only focus on the negative or the positive, which is biased
Cultural differences that might influence the guest service experience include all of the following except
age
diet
humor
religion
Cultural differences that might influence the guest service experience include diet, humour, and religion except for age.
What are cultural differences?Cultural differences are the various beliefs, behaviours, languages, practices and expressions considered unique to members of a specific ethnicity, race or national origin. Some examples of cultural differences as they pertain to the workplace include employees who are younger or older than their co-workers, employees who hold higher degrees than others in the workplace and individuals who grew up in either metropolitan areas or small towns.
It is said that employees often have more similarities than they do differences, but those differences can sometimes outweigh the similarities.
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The Government using taxing and spending to stabalize the economy is called
Answer:
fiscal policy
Explanation:
Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
On June 30, 2019, Holman Construction issued 10-year bonds with a total face value of $2,500,000. When the 8% coupon rate bonds were issued, the market rate was 10%. Assuming that Holman pays interest every six months on December 31st and June 30th, what are the proceeds that Holman Construction received on the issue date, June 30, 2019?
a. $2,188,444.74
b. $2,192,771.64
c. $2,500,000.00
d. $2,839,758.16
Answer:
a. $2,188,444.74
Explanation:
the market value of the bonds is:
PV of face value = $2,500,000 / (1 + 5%)²⁰ = $942,223.71
PV of coupon payments = $100,000 x 12.462 (PV annuity factor, 5%, 20 periods) = $1,246,200
Market value = $942,223.71 + $1,246,200 = $2,188,423.71, the closest answer is a. $2,188,444.74.
There is a rounding error since I used annuity factors. The error represents $21.03/$2,188,444.74 = 0.001%, so it is not significant
A firm has $800 in inventory, $1,400 in fixed assets, $500 in accounts receivables, $100 in net working capital, and $50 in cash. What is the amount of the current liabilities
Answer:
Add it all Together?
Explanation:
2850?
2 years is $24,234. Determine the present value amount, using the following partial table of present value of $1 at compound interest
The present value amount, given the principal and the partial table of the present value, will be $20,017.28
How to find the present value amount?The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.
The interest rate here is 10% and the amount in 2 years is $24, 234.
Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.
The present value of $24, 234 from two years in the future, in the present is:
= Future value amount x Present value factor for 2 years, 10 %
= 24, 234 x 0.826
= $20, 017.28
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Typically, life insurance policies are incontestable after a specific amount of time, usually one or two years. Following this time period, insurance companies cannot contest the validity of the policy, unless premiums were not paid. Does this encourage people to hide facts from insurance companies during the two year waiting period? if so, is this ethical?
Answer:
which sub again o please
a company product sells for 170 and has variable cost of 50 associated with the product what is its contribution margin per unit ?
Answer:
Contribution margin per unit = 120 per unit
Explanation:
Given:
Sales price of a unit = 170
Variable cost per unit = 50
Find:
Contribution margin per unit
Computation:
Contribution margin per unit = Sales price of a unit - Variable cost per unit
Contribution margin per unit = 170 - 50
Contribution margin per unit = 120 per unit
Contribution margin ratio = [Contribution margin per unit / Sales price of a unit]100
Contribution margin ratio = [120 / 170]100
Contribution margin ratio = [0.7058]100
Contribution margin ratio = 70.58% (Approx.)
The HR department at Clearwater Electronics has been asked to develop a job description for a new managerial position in Dubai. Clearwater’s policy states that subsidiary managers should be employees from the parent company. What benefits does the company hope to realize from this ethnocentric approach?
dang no quema cuh
Explanation:
Given the following data below, find:
Normal
Time (days) Cost
Crash
Time (days) Cost
US
es
les
Activitiy
1,2
1,3
2,4
2,5
3,4
4,5
80
150
60
100
140
60
490
80
1. The network diagram
2. Number of Paths (Durations for each path)
3. Critical Path (Duration)
4. Reduce the project to 10 days. Calculate the final cost. Now,
Total Project Costs potential the total quantity of money required to complete the Project.
Total Project Costs capability the Contribution and other verifiable cash or in-kind contributions either acquired or contributed by way of the Proponent and at once attributable to the Project.
What is whole assignment cost?Consists of all costs particular to a task incurred prior to the start-up of facility operation. All lookup and development, operating, plant, and capital equipment fees particularly associated with a project.
Costs are widely categorised into 4 types: fixed cost, variable cost, direct cost, and oblique cost. The whole value is the sum of constant charges and variable costs.
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https://brainly.com/question/481029#SPJ1Retail companies compete based on:
a) Customer service
b) Value
c) Price
d) All of the above
Answer: D. all of the above
Explanation:
Retail companies compete based on Customer service, Value and Price(all of the above).
What is a retail company?Retail companies are businesses that render the sale of goods and provision of services to customers for their consumption.
They typically sell items and services in-store and online, snce they are direct distributors to consumers.
Examples of retail companies include
Walmart CostcoAmazonare known for clothing, drug, grocery, and convenience stores.
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If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
both countries to set up car manufacturing plants.
Country A to specialize in growing corn while Country B specializes in making cars.
Country A to specialize in making cars while Country B specializes in growing corn.
both countries to compete in growing more corn.
Answer:
Country A to specialize in growing corn while country B specializes in making cars
What was Indiana's total government expenditures in fiscal year 2018-2019? (1 point)
O $15.9 billion
O $11.9 billion
O$34.89 billion
O $34.11 billion
Indiana's total government expenditures in the fiscal year 2018-2019 is $34.89 billion. The correct option is C.
Public consumption, public investment, and transfer payments made up of capital transfers and income transfers (pensions, social benefits), collectively referred to as government expenditures, are all included in the definition of goods and services.
Fiscal policy is characterized as the strategy used by the government to carry out various economic policy goals through the use of taxation, public expenditure, and public borrowing.
Thus, the ideal selection is option C.
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If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Where do deleted files go?
into the My Computer folder
into the My Documents folder
into the Recycle Bin
into the system tray
Answer:
the correct answer is into the recycle bin
Explanation:
Answer:
b
Explanation:
The income summary account has expenses of $65,000 and revenues of $55,000. The company had which of the following: Select one: a. Net income of $10,000 b. Net income of $120,000 c. Net loss of $10,000 d. Net loss of $120,000
Answer: Net loss of $10,000
Explanation:
From the question, we are informed that the income summary account has expenses of $65,000 and revenues of $55,000.
In this scenario, since the expense is more than the revenue, it means that there will be a net loss. Therefore, the net loss will be calculated as:
= $65,000 - $55,000
= $10,000
There's a net loss of $10,000.
You are the manager of a firm that receives revenues of $20,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is −2, and the cross-price elasticity of demand between product Y and X is −1.6.
Required:
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Answer:
$3,600
Explanation:
Calculation to determine How much will your firm's total revenues change if you increase the price of good X by 2 percent?
Using this formula
Change in Revenue = [PxQx * (1 + Ex) + PyQy * (Ey)] * % change in P
Let plug in the formula
Change in Revenue= [$20,000*(1-2) +$100,000*(1.6)] * 2%
Change in Revenue= [$20,000*(-1) + $100,000*(-1.6)] * 2%
Change in Revenue= [-$20,000 + (-$160,000)] * 2%
Change in Revenue= $180,000*2%
Change in Revenue=$3,600
Therefore how much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent will be $3,600
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 630 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,520 in cash (for a total at the end of the year of 800 shares). These effects are included below: 130 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,550 Accounts receivable 2,240 Interest receivable Prepaid insurance 1,640 Long-term notes receivable 2,820 Equipment 15,100 Accumulated depreciation $ 2,940 Accounts payable 2,240 Dividends payable 640 Accrued expenses payable 3,800 Income taxes payable 2,520 Unearned rent revenue 320 Common Stock (800 shares) 80 Additional paid-in capital 3,500 Retained earnings 2,330 Sales revenue 37, 350 Interest revenue 150 Rent revenue 600 Wages expense 18,100 Depreciation expense 1,789 Utilities expense 340 Insurance expense 750 Rent expense 9,300 Income tax expense 2,720 Total $ 56,470 $ 56,470
The preparation of the classified balance sheet for Catena's Marketing Company is as follows:
Catena's Marketing Company
Classified Balance Sheet
At the end of the current year
Assets:
Current assets:
Cash $ 1,550
Accounts receivable 2,240
Interest receivable 121
Prepaid insurance 1,640
Total current assets $5,551
Long-term assets:
Long-term notes receivable $2,820
Equipment $15,100
Accumulated depreciation (2,940) 12,160
Total long-term assets $14,980
Total assets $20,531
Liabilities and Equity:
Liabilities:
Current Liabilities:
Accounts payable $2,240
Dividends payable 640
Accrued expenses payable 3,800
Income taxes payable 2,520
Unearned rent revenue 320
Total current liabilities $9,520
Equity:
Common Stock (800 shares) $80
Additional paid-in capital 3,500
Retained earnings 7,431 $11,011
Total liabilities and equity $20,531
Preparing the Classified Balance Sheet:To prepare the classified Balance Sheet of Catena's Marketing Company, we must first determine the net income and the ending retained earnings as follows:
Income StatementFor the current year
Sales revenue $37, 350
Interest revenue 150
Rent revenue 600
Total revenue $38,100
Expenses:
Wages expense 18,100
Depreciation expense 1,789
Utilities expense 340
Insurance expense 750
Rent expense 9,300
Income tax expense 2,720 32,999
Net income $5,101
Statement of Retained EarningsFor the current year
Retained earnings (previous year) $2,330
Net income 5,101
Retained earnings (current year) $7,431
Note that the effect of the cash dividends declared was already included in the Retained earnings of $2,530.
Data and Calculations:Catena's Marketing Company
Adjusted Trial Balance
End of the Current Year Debit Credit
Cash $ 1,550
Accounts receivable 2,240
Interest receivable 121
Prepaid insurance 1,640
Long-term notes receivable 2,820
Equipment 15,100
Accumulated depreciation $ 2,940
Accounts payable 2,240
Dividends payable 640
Accrued expenses payable 3,800
Income taxes payable 2,520
Unearned rent revenue 320
Common Stock (800 shares) 80
Additional paid-in capital 3,500
Retained earnings 2,330
Sales revenue 37, 350
Interest revenue 150
Rent revenue 600
Wages expense 18,100
Depreciation expense 1,789
Utilities expense 340
Insurance expense 750
Rent expense 9,300
Income tax expense 2,720
Total $ 56,470 $ 56,470
Required:
Prepare a classified Balance Sheet at the end of the current year.
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Dynamo Industries sold 80 packages of fireworks at a market price of $30 per package. If the firm earned a $2,000 profit, then what is the firm's average total cost?
An average package of fireworks from Dynamo Industries costs $5 overall. Since we know the profit was $2,000, we can deduct that sum from the entire amount of total revenue :
What is the formula for total revenue?Total revenue is crucial because it provides organizations with a broad grasp of the link between pricing and the demand from customers for more units of a certain product anywhere at given time. The simple method for calculating total revenue is: Price * Quantity Sold.
The term "total revenue" has what meaning?A company's overall sales is the sum of money it earns through the sale of its products and services. In other words, businesses utilize this statistic to assess the success of their primary revenue-generating activities.
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Assets such as
equipment
copyrights
inventory
do not have a physical presence, and are hence
Reset
Next
in nature.
Equipment, copyrights, and inventory are examples of intangible assets that lack a physical presence.
What are Intangible Assets?In contrast to tangible assets like buildings, machinery, and inventory, intangible assets lack physical substance. Non-physical, long-term intangible assets are valuable due to their intellectual property, market position, or brand recognition.
Software, patents, trademarks, copyrights, trade secrets, brand names, customer lists, and other intangible assets are all examples. Because they are typically one-of-a-kind or difficult to replicate, these assets can give a business an advantage over competitors. A trademark, on the other hand, safeguards the use of a specific name, logo, or symbol, while a patent grants a company the exclusive right to use an invention.
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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a notes payable to the seller was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
Answer:
Assets = liabilities + Paid in capital + retainted earnings
1: 300,000 300,000
2. 30,000 30,000 0 0
3. 90,000 90,000 0 0
4. 50,000 0 0 50,000
5. -5,000 0 0 -5,000
6. 0 0 0 0
7. -70,000 0 0 -70,000
8. 0 0 0 0
9. -1000 0 0 -1000
Explanation:
2: 40,000 - 10,000 = 30,000
10,000 out of 40,000 was paid so the owed amount is 30000, which is a liability and you earn an asset by paying. So asset and liability
3. Three is straight forward.
4. 120,000 - 70,000 = 50,000
revenue is added to stockholders equity which includes retained earnings, but is also labeled an asset.
5. It's -5000 because that is amount we take out of cash to pay rent.
6. It's 0 because the insurance plan doesn't start until April, these transactions however are in march.
7. It's -70,000 because that is the cash going out
8. It's 0 because that account is paid off by the customer
9. It's negative -1000 because it's an expense on depreciation.
The analysis and effect of each transaction on the accounting equation of Wainwright Corporation are as follows:
Transaction Analysis:
1. Cash $300,000 Common Stock $300,000
2. Equipment $40,000 Cash $10,000 Notes Payable $30,000
3. Inventory $90,000 Accounts Payable $90,000
4. Accounts Receivable $120,000 Sales Revenue $120,000
Cost of Goods Sold $70,000 Inventory $70,000
5. Rent Expense $5,000 Cash $5,000
6. Prepaid Insurance $6,000 Cash $6,000
7. Accounts Payable $70,000 Cash $70,000
8. Cash $55,000 Accounts Receivable $55,000
9. Depreciation Expense $1,000 Accumulated Depreciation $1,000
Effect of Each Transaction on the Accounting Equation:
Transaction Accounting Equation
Assets = Liabilities + Stockholders Equity
1. $300,000 = $0 $300,000
2. $40,000 -$10,000 = $30,000 + $0
3. $90,000 = $90,000 + $0
4. $120,000 = $0 + $120,000
4. -$70,000 = $0 + -$70,000
5. -$5,000 = $0 + -$5,000
6. $6,000 - $6,000 = $0 + $0
7. -$70,000 = -$70,000 + $0
8. $55,000 -$55,000 = $0 + $0
9. -$1,000 = $0 + -$1,000
$394,000 = $50,000 + $344,000
Thus, the accounting equation represents the equality of assets with liabilities and equity.
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stock price for vinyl record player?
To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.
What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.Learn more about current stock price refer to :
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