The impact of the customer questions is that it will lead to an increase in sales and revenue.
How are the questions impactful?It should be noted that from the information, the campaign ended two months ago, but they are still getting many questions.
In this case, the impact of the customer questions is that it will lead to an increase in sales and revenue.
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Wat is accounting in economics
Answer:
Accounting and economics both involve plenty of number-crunching. But accounting is a profession devoted to recording, analyzing, and reporting income and expenses, while economics is a branch of the social sciences that is concerned with the production, consumption, and transfer of resources.
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Bahir Dar Textile Factory, has reported the following information for the year ended S Business income during 2014 tax year is; Sales revenue---... Expenses during 2014 tax year is Br. 1,750,000 Direct material cost............ Br. 550,000 Salary expense..... .Br. 450,000 Administrative expense....... Br. 235,000 Maintenance expense....... Br. 50,000 Interest expense.... Br. 43,300 Advertisement expense.... . Br. 25,500 Depreciation expense........... Br. 20,000 Determine taxable income, tax liability and net profit of Bahir Dar Textile Factory Under the Ethiopian tax proclamation code; write the type/list of products that shall be when either produced locally or imported and the rate which they are taxed. What is stamp duty tax? What type of instruments shall be chargeable with stamp duty? What is tax liability? How the taxpayer can determine their tax liability? ....
a) The taxable income is Br. 376,200, the tax liability, assuming a flat rate of 30%, is Br. 112,860, and the net profit is Br. 263,340.
b) Stamp duty tax is a levy imposed by the government to record certain transactions.
c) Tax liability refers to the amount due as tax for the taxable period.
d) The tax liability is derived by applying the appropriate tax rates on the taxable income.
How the taxable income is determined:The taxable income refers to the income after deducting some allowances, including business expenses, from the gross income.
The taxable income forms the basis for determining the tax liability and the net income.
Bahir Dar Textile Factory
Income StatementFor the year ended December 31, 2014
Sales Revenue Br. 1,750,000
Direct material cost Br. 550,000
Gross profit Br. 1,200,000
Expenses:
Salary expense Br. 450,000
Administrative expense Br. 235,000
Maintenance expense Br. 50,000
Interest expense Br. 43,300
Advertisement expense Br. 25,500
Depreciation expense Br. 20,000
Total expenses Br. 823,800
Taxable income Br. 376,200
Tax liability (30%) Br. 112,860
Net profit Br. 263,340
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What accounting book is used to capture changes to the trial balance
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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Scenario 2:
The price of gas rises by $1 per gallon the last month. As you travel through southern california you notice an increase in oil drilling operations. In previous trips you noticed a handful of operations, this trip you're seeing hundreds and hundreds of oil manufacturing centers.
Does this scenario relate to the law of supply, demand, or neither? Justify why you believe this to be true.
Answer:
both
Explanation:
there is not enough supply to fit the demand meaning said oil is more valuable so it is a good time to drill for more because it is more expensive and you know you can charge more because people will have no choice but to purchase it at your price until supply exceeds demand which will make it less valuable until the demand once again is higher than supply which will make it more valuable again.
Teamwork Skills
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Which of the following is not generally correct about recording a sale of a debt security before maturity date?
a. Accrued interest will be received by the seller even though it is not an interest payment date.
b. An entry must be made to amortize a discount to the date of sale.
c. The entry to amortize a premium to the date of sale includes a credit to the Premium on Debt Investments.
d. A gain or loss on the sale is reported as an other revenue or expense.
Answer: The entry to amortize a premium to the date of sale includes a credit to the Premium on Debt Investments.
Explanation:
Debt security is simply issued by either the government or a corporation and it's an investment in debt instrument.
The statement that is not generally correct about recording a sale of a debt security before maturity date is that the entry to amortize a premium to the date of sale includes a credit to the premium on debt Investments. This isn't true as the entry to amortize a premium to the date of sale does not include a credit to the premium on debt Investments
Debt securities or bonds are financial instruments. The most common types of debt instruments are municipal bonds and corporate bonds. The debt securities can be the amount taken in the form of a loan that is to be paid mandatorily after the maturity of the time period.
The entry that is incorrect for recording a sale of a debt security before the maturity date is:
Option c. The entry to amortize a premium to the date of sale includes credit to the Premium on Debt Investments.
Reason:
The entry will be incorrect for the sale of debt security because the amortization premium at the date of sale does not include any credit amount to the premium over the debt instruments.
All the other options will record a sale of debt before its maturity period.
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Which of the statements is not true about a bank run? Bank runs are bad for the bank affected and usually good for the bank's competitors. Fears leading to bank runs can be self-fulfilling. Deposit insurance is designed to reduce the risk of bank runs for depository banks. There was a wave of bank runs during the Great Depression. Since the Great Depression the government has set up regulation that has eliminated most bank runs.
Answer:
Explanation:
90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u
An agribusiness firm may undertake three alternatives:Alternative 1: buy cane sugar and manufac-ture various sugars and sweets, making a profit of $10 million;Alternative 2: buy wheat and produce bread, rolls, and pastries, making a profit of $15 mil-lion; orAlternative 3: buy corn and produce Tex-Mex foods, making a profit of $12 million.a. Which alternative should this agribusi-ness firm undertake? Why?b. The opportunity cost associated with these three choices is $ million.
Answer:
The answer is 3) buy corn and produce Tex-Mex foods, making a profit of $12 million :)
Explanation:
Because it has the highest profit.
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Suppose scientists in Spain found that moderate consumption of dark chocolate reduces the risk of heart disease by 75%. As a result, people now consume more dark chocolate at all prices. Why did this happen?
a. A change in consumer expectations of price decreased demand.
b. A change in consumer expectations of price increased demand.
c. A change in tastes and preferences increased demand.
d. A change in tastes and preferences decreased demand.
There are changes in demands. Why the above scenario happen is that A change in tastes and preferences increased demand.
How does tastes and preferences influence demand?People's tastes and preferences for different kinds of goods and services often alter or bring about change in demand.
Due to that, a change in demand will take place for the people. Some specific goods often go out of fashion or the tastes and preferences of people is said to be not favorable to them anymore, and as such, the demand for them will decreases.
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The real exchange rate (RER) between two currencies is the product of the nominal exchange rate (the dollar cost of a euro, for example) and the ratio of prices between the two countries. The core equation is RER = eP*/P, where, in our example, e is the nominal dollar/euro exchange rate, P* is the average price of a good in the euro area, and P is the average price of the good in the United States.
Yes, that is correct. The real exchange rate (RER) is a measure of the relative price of goods and services between two countries.
It is calculated by dividing the nominal exchange rate (the price of one currency in terms of another) by the ratio of the price levels in the two countries. The RER is an important concept in international trade and finance because it affects the competitiveness of a country's exports and the cost of its imports. A high RER means that a country's goods and services are relatively expensive compared to those of other countries, which can make it harder to sell exports and can lead to a large trade deficit. A low RER, on the other hand, means that a country's goods and services are relatively cheap, which can make its exports more competitive and boost economic growth.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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which of these responsibilities would you least expect to find in a position description for a user support specialist
Operates a large-scale computer is the responsibilities you would least expect to find in a position description for a user support specialist .
Option C is correct.
What are support services that are outsourced?
An external team of experts is provided by outsourcing support services to assist a company in managing and maintaining its operations. Support for IT, customer service, human resources, accounting, and software development are all examples of these services. Businesses can provide solutions that are both more effective and less expensive by outsourcing these services. In addition, they can save money and resources. Additionally, businesses can benefit from an outsourcing provider's specialized knowledge and resources.
Businesses that lack the personnel or resources necessary to handle particular projects can benefit from this. Outsourcing support services can also help businesses comply with industry standards and remain current on the most recent technologies and trends.
Incomplete question :
Which of these responsibilities would you least expect to find in a position description for a user support specialist?
A.Computer-aided design package
B.Operate a local area network
C.Operates a large-scale computer
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Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 200 $ 140 6/5 Purchase 400 $ 160 11/10 Purchase 100 $ 200 During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method
Answer:
$64,000
Explanation:
Calculation to determine the cost of goods sold using the average cost method
First step is to calculate the Average cost
Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units
Average cost= $160
Now let calculate the Cost of goods sold
Cost of goods sold = $160 × 400 units
Cost of goods sold = $64,000
Therefore the cost of goods sold using the average cost method will be $64,000
Do you need a college degree to enter the military?
A. True
B. False
Answer:
B, false
Explanation:
On January 1, 2023, Eastern Corporation purchased a machine for $300,000. The
sales tax was $30,000 and the delivery charges were $5,000. All charges were paid in
cash. Eastern plans on using the machine in its business for 5 years and then disposing
of it. Eastern estimates a zero salvage value. Eastern uses straight line depreciation.
Required:
● Record the asset
● Record the annual depreciation
● Remove the fully depreciated asset and accumulated depreciation from the accounting
records
● Record the transactions in the journal and post them to the ledger.
1. Record the asset acquisition: Debit: $335,000 and Credit: Cash - $335,000.
2. Record the annual depreciation: Debit: Depreciation Expense - $66,000 and Credit: Accumulated Depreciation - Machine - $66,000.
3. Remove the fully depreciated asset and accumulated depreciation: Debit: Machine (Asset) - $5,000 and Credit: Loss on Disposal of Machine - $335,000 (if the machine is scrapped).
4. Record the disposal transaction: Debit: Accumulated Depreciation - Machine (to bring its balance to zero) and Credit: Machine (Asset)
To record the asset acquisition, annual depreciation, and disposal of the machine, Eastern Corporation would follow the following steps:
1. Record the asset acquisition:
On January 1, 2023, Eastern Corporation would record the purchase of the machine as follows:
Debit: Machine (Asset) - $335,000 ($300,000 + $30,000 + $5,000)
Credit: Cash - $335,000
2. Record the annual depreciation:
Since Eastern Corporation plans to use the machine for 5 years and estimates a zero salvage value, the annual depreciation expense would be $66,000 ($335,000 / 5). Eastern would record this annually as follows:
Debit: Depreciation Expense - $66,000
Credit: Accumulated Depreciation - Machine - $66,000
3. Remove the fully depreciated asset and accumulated depreciation:
After 5 years, when the machine is fully depreciated, Eastern Corporation would remove it from the accounting records. The accumulated depreciation and machine account would be eliminated as follows:
Debit: Accumulated Depreciation - Machine - $330,000 (5 years x $66,000)
Debit: Machine (Asset) - $5,000
Credit: Gain on Disposal of Machine - $335,000 (if the machine is sold) or
Credit: Loss on Disposal of Machine - $335,000 (if the machine is scrapped)
4. Record the disposal transaction:
Eastern Corporation would record the disposal transaction when removing the fully depreciated asset. The specific accounts used would depend on whether the machine is sold or scrapped. If sold, the transaction would be:
Debit: Cash (proceeds from sale)
Debit: Accumulated Depreciation - Machine (to bring its balance to zero)
Credit: Machine (Asset)
Credit: Gain on Disposal of Machine (if a gain is realized) or Credit: Loss on Disposal of Machine (if a loss is incurred)
If the machine is scrapped with no proceeds, the transaction would be:
Debit: Accumulated Depreciation - Machine (to bring its balance to zero)
Credit: Machine (Asset)
By following these steps and recording the transactions in the journal and posting them to the ledger, Eastern Corporation can accurately account for the acquisition, depreciation, and disposal of the machine in its financial records.
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(figure: short- and long-run equilibrium ii) according to the accompanying figure, which of the following would be the appropriate response on the part of the government upon viewing the state of the economy? group of answer choices A. lower tax rates to close the inflationary gap.
B. raise tax rates to close the inflationary gap.
C. increase government spending to close the recessionary gap. D. decrease government spending to close the recessionary gap.
The option C is appropriate response. The economy is in a state of equilibrium below potential GDP, also known as a recessionary gap.
Both the short-run and long-run equilibrium output levels are less than potential GDP. To close the recessionary gap, the appropriate response on the part of the government would be to increase government spending. This would shift the aggregate demand curve to the right, leading to an increase in both output and price levels. Lowering tax rates would also increase aggregate demand, but it would be less effective in closing the recessionary gap as it may not lead to a significant increase in government spending.
Therefore, option C, increase government spending to close the recessionary gap, would be the appropriate response on the part of the government upon viewing the state of the economy in the accompanying figure.
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When must you wash your hands
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
Volatile price changes, technological changes, and government intervention are what type of risks?
Volatile price changes, technological changes, and government intervention are external risks that can impact a company's operations and performance.
What are Volatile price changesVolatile price changes refer to fluctuations in input or product prices, which can affect profitability and cost structure. Technological changes can introduce advancements or disrupt an industry, requiring companies to adapt to avoid becoming obsolete.
Government intervention, through regulatory changes or policies, can create uncertainties and challenges for companies, affecting operations, costs, and market access.
To mitigate these risks, companies should implement risk management strategies such as diversification, contingency planning, staying informed about market trends, investing in R&D, and engaging with government stakeholders.
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All of the following options are different factors that affect how much of an item you purchase EXCEPT...
A.How long it stays fresh
B.How often you eat that item
C.How many people are eating
D.How hungry you are while you are shopping
question questionquestionquestionquestionquestionquestionquestionquestionquestion
Explanation:
what's the question I'm waiting to hear it
Rodgers Corporation produces and sells football equipment. On July 1, 20Y1, Rodgers issued $26,500,000 of 10-year, 12% bonds at a market (effective) interest rate of 11%, receiving cash of $28,083,449. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
For all journal entries, if an amount box does not require an entry, leave it blank.
Question Content Area
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 20Y1.
The entry to record the cash proceeds from the issuance of the bonds on July 1, 20Y1 is:
Cash 28,083,449
Bonds Payable 26,500,000
Premium on Bonds Payable 1,583,449
The company received cash of $28,083,449 from the issuance of the bonds, which is the face value of $26,500,000 plus a premium of $1,583,449. The premium is the difference between the face value and the cash received, and represents the additional amount that investors are willing to pay for the bonds due to their higher interest rate compared to the market rate. The Premium on Bonds Payable account is a contra account to the Bonds Payable account, and reduces the carrying value of the bonds on the balance sheet.
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A machine that cost $121,000 has an estimated residual value of $11,000 and an estimated useful life of 11,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 2,000 hours in year 2, and 3,000 hours in year 3. Calculate its book value at the end of year 3. (Do not round intermediate calculations.)
Answer:
Book value= $41,000
Explanation:
Giving the following information:
Purchase price= $121,000
Salvage value= $11,000
Useful life= 11,000 machine hours
First, we need to calculate the depreciation expense for each year using the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated
Year 1:
Annual depreciation= [(121,000 - 11,000) / 11,000]*2,000
Annual depreciation= 10*3,000
Annual depreciation= $30,000
Year 2:
Annual depreciation= 10*2,000
Annual depreciation= $20,000
Year 3:
Annual depreciation= 10*3,000
Annual depreciation= $30,000
Now, the accumulated depreciation:
Accumulated depreciation= 30,000 + 20,000 + 30,000
Accumulated depreciation= $80,000
Finally, the book value at the end of year 3:
Book value= purchase price - accumulated depreciation
Book value= 121,000 - 80,000
Book value= $41,000
larry is skilled at making both earrings and bracelets. larry has no preference between making earrings or bracelets since he earns the same amount from the two activities.
if the selling price of bracelets increases from $25 to $50, then larry's opportunity cost of making earrings and making earrings is now ____ profitable than making bracelets.
suppose that the earrings market consists of several suppliers like larry who are skilled at making both earrings and bracelets. which of the following is likely to happen to the supply curve of earrings when the price of a bracelets increases?
A. It does not change
B. it shifts to the left
C. it shifts to the right
If the selling price of bracelets increases from $25 to $50, Larry's opportunity cost of making earrings is now less profitable than making bracelets.
This is because the increased price of bracelets means that Larry can earn more revenue per unit of time by making bracelets rather than earrings.
When the price of bracelets increases, suppliers like Larry who are skilled at making both earrings and bracelets are likely to shift their production towards making more bracelets since it becomes more profitable. As a result, the supply curve of earrings is likely to shift to the left, indicating a decrease in the quantity of earrings supplied at each price level. This shift occurs because suppliers are choosing to allocate more resources towards making bracelets, which now offer a higher return on investment.
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Using general environment (discontinuities) and specific industry environment (megaforces) relevant to external analysis, outline and discuss these concepts and their impacts on the strategic management of organisations.
The concepts and their impacts on strategic management are General Environment (Discontinuities) : Political Factors, Economic Factors, Sociocultural Factors, Technological Factors and Environmental Factors.
Specific Industry Environment : Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitutes, Threat of New Entrants
1. Discontinuities in the General Environment:
Discontinuities refer to significant shifts or changes in the external environment that can disrupt industries, markets, or societal norms. These shifts can be technological, social, economic, political, or environmental in nature. Understanding and responding to discontinuities is crucial for organizations to stay competitive and adapt to the changing landscape.
Impact on Strategic Management: Organizations need to be vigilant and proactive in identifying discontinuities and assessing their impact on their industry and operations. By monitoring trends and emerging technologies, organizations can identify potential disruptions and adjust their strategies accordingly.
2. Megaforces in the Industry Environment:
Megaforces, also known as industry forces or industry trends, are external factors that shape the competitive landscape within a specific industry. These forces are typically industry-specific and can have a significant impact on an organization's performance and strategic decisions. The concept of megaforces was popularized by Michael Porter's Five Forces Framework.
Impact on Strategic Management: Understanding the megaforces helps organizations assess their industry's attractiveness and competitiveness. By analyzing each force, organizations can identify areas of strength or vulnerability and develop strategies to gain a competitive advantage.
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Part of File Explorer that is used to access devices, drives, and folders on your computer.
(A) This PC
(B) Location
(C) Status
Answer:
This PC?
Explanation:
when I go into file explorer, I don't see anything labeled location or status, but when I go into This PC there is nothing that says devices, so I'm not sure. I'm very sorry if I'm wrong
What would you do if you found out that you wrote a cheque of $78 but it was recorded as $98 in check register?
dont do anything because ur getting money
Jay P Horgan Bank holds deposits of $700 million. The current market value of the bank's loans is $500 million. It also holds reserves of $40 million and government bonds worth $100 million. What is the value of the bank's total liabilities?
$700 million
$540 million
$640 million
$800 million
Answer:
$700 million
Explanation:
From a bank's perspective, liabilities are the money it owes to customers. Customer deposits make up a big proposition of a bank's liabilities. Customer deposits held in the bank are liabilities because the money belongs to customers and not the bank.
The deposits of $700 are the liabilities. Reserves are a part of customer deposits that must be retained at the bank's custody at all times. Bonds are trading assets to the bank.
FILL IN THE BLANK. regarding union shops, a (an)___shop requires nonunion employees to pay the union sum of money equal to union fees as a condition of continuing employment. agency closed open freelance
In an open shop, non-union employees are required to pay the union an amount equal to union dues before they can keep their jobs. closed agency open for freelance.
Those who are self-employed and aren't necessarily long-term freelance employees of one employer are referred to as freelance workers. Some freelancers are represented by a business or a temporary agency that resells their services to clients; other freelancers work independently or use websites or professional associations to get work.
Although the phrase "independent contractor" would be used in a separate register of English to represent the tax and employment classifications of this sort of worker, use of the term "freelancing" may signify engagement in such sectors given its prevalence in the cultural and creative industries.
The majority of people work as independent contractors in the following fields, professions, and industries: music, writing, acting, computer programming, web design, graphic design, translating and illustrating, film and video production.
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If Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will change in which of the following ways: AD / SRAS / Price LevelA) Increase / No Change / IncreaseB) No Change / Increase / IncreaseC) Increase / Increase / IndeterminateD) Increase / No Change / IndeterminateE) No Change / Increase / Indeterminate
Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will Increase / Increase / Indeterminate.
Income taxes affect the consumption component of aggregate demand. A reduction in income taxes would increase personal disposable income, increase consumption (but less than the change in personal disposable income), and increase aggregate demand.
The term “income tax” refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Taxpayers are required by law to file an annual income tax return to determine their tax liability. Income tax is the source of state revenue.
According to the existing provisions of the IT Law, all individuals/corporations with income are obliged to file an income tax return regardless of the amount of income. However, currently, income tax is payable only if your taxable net income exceeds Rs. 2.5 rupees.
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Answer:
Increase / Increase / Indeterminate
Explanation:
Took the test & got it right.
1. Do you agree that Awake should be quiet about its Corporate Social Responsibility efforts? 2. If you were CEO of Awake, would you leverage your CSR efforts to market to customers who are more likely to purchase knowing you are considerate of people and planet? 3. What are some risks that you might encounter if you chose to market your CSR efforts loudly?
1. I do not agree that Awake should be quiet about its Corporate Social Responsibility efforts
2. I will leverage the CSR efforts to market to customers who are more likely to purchase knowing you are considerate of people and planet.
3. The risks that you might encounter if you chose to market your CSR efforts loudly is loss of competitive power.
What is the Corporate Social Responsibility?This refers to the idea that a firm should play a positive role in the community and consider the environmental and social impact of its business decisions.
The types of corporate social responsibility of business includes:
environmental responsibilityethical responsibilityphilanthropic responsibilityeconomic responsibilityRead more about Corporate Social Responsibility
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