lok company reports net sales of $5,990,000 for year 2 and $7,550,000 for year 3. end-of-year balances for total assets are year 1, $1,607,000; year 2, $1,819,000; and year 3, $1,966,000. (1) compute lok's total asset turnover for year 2 and year 3. (2) lok's competitor has a total asset turnover of 3.0 during year 3. is lok performing better or worse than its competitor on the basis of total asset turnover?

Option 1 is the correct choice. $16,400 is the mamm CCA for this year.

The company ABC purchases Class 8 (20%) assets for $50,000 and sold furniture (Proceeds $2,000 and Cost $5,000) with an opening UCC for this furniture was $10,000.

What is the mamm CCA for this year?

The closing UCC will be equal to the opening UCC minus the proceeds from selling the furniture, which is $10,000 - $2,000 = $8,000.

Next, we'll calculate the maximum CCA that can be claimed on the Class 8 assets.

The maximum CCA is calculated as follows:

Cost of assets x CCA rate = maximum CCA$50,000 x 0.20 = $10,000

Now we need to calculate the CCA for the year.

The formula for CCA is:

C = UCC x (1 - 1/2 x CCA rate) x CCA %C

= $8,000 x (1 - 1/2 x 0.20) x 20%C

= $8,000 x 0.80 x 20%C

= $1,280

Therefore, the CCA for the year is $1,280.

Now we'll calculate the closing UCC for the Class 8 assets.

The formula for UCC is:

Closing UCC = Opening UCC + purchases - CCA takenClosing UCC

= $50,000 + $0 - $1,280

Closing UCC = $48,720

Therefore, the mamm CCA for this year is $16,400 (calculated by multiplying the closing UCC by the CCA rate of 20%).

Thus, option 1 is the correct choice. $16,400 is the mamm CCA for this year.

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The adjustments for Giovanni's Copy Shop for the month of September can be recorded through the following journal entries:

(a) Supplies Adjustment:

Supplies Expense $400

Supplies $400

To record the supplies used during September, based on the physical count.

(b) Insurance Expense:

Insurance Expense $200

Prepaid Insurance $200

To record the expiration of insurance for the month of September.

(c) Depreciation Expense:

Depreciation Expense $400

Accumulated Depreciation - Equipment $400

To record the monthly amortization on equipment.

(d) Rent Payable:

Rent Expense $600

Rent Payable $600

To record the rent owed for September, which will be paid in October.

(e) Salaries Payable:

Salaries Expense $3,500

Salaries Payable $3,500

To record the salaries owed for the last week of September, which will be paid in the next pay period in October.

These journal entries capture the necessary adjustments to reflect the additional information provided for the month of September.

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The yield to maturity (YTM) of a bond refers to the total return expected by bondholders if they hold the bond until it matures. It takes into account the bond's current market price, its coupon rate, and the time remaining until maturity.

When the yield to maturity increases, bondholders are generally worse off. This is because a higher YTM means that the bond's price has decreased in the market. If bondholders decide to sell their bonds before maturity, they would receive a lower price than what they initially paid. Additionally, a higher YTM indicates that the bond's interest payments are relatively less attractive compared to other investments available in the market.

On the other hand, when the yield to maturity decreases, bondholders are generally better off. A lower YTM means that the bond's price has increased in the market. If bondholders were to sell their bonds before maturity, they would receive a higher price than what they initially paid. Furthermore, a lower YTM indicates that the bond's interest payments are relatively more attractive compared to other investments available in the market.

In conclusion, bondholders are better off when the yield to maturity decreases because it results in an increase in the bond's market price and makes the bond's interest payments relatively more attractive.

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The statement of cash flows as a cash outflow from financing activities.

The dividends paid during a period, which totals $5,000, will be reported on the statement of cash flows as a cash outflow from financing activities.

When it comes to the statement of cash flows, it is classified into three major categories or sections which are as follows: Operating activities, Investing activities, Financing activities

Since the payment of dividends to shareholders is classified under financing activities, it will be reported on the statement of cash flows as a cash outflow from financing activities.

Cash inflows from financing activities typically result from obtaining or repaying capital (for example, selling shares, repaying loans), while cash outflows are typically related to financing the company's operations (for example, paying dividends).

Therefore, the dividends paid during a period, which totals $5,000, will be reported on the statement of cash flows as a cash outflow from financing activities.

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Under the Affordable Care Act (ACA), health plans are classified based on the amount of covered costs into four categories: Bronze, Silver, Gold, and Platinum.

The Bronze plans typically have the lowest premiums but the highest out-of-pocket costs, with the insurer covering about 60% of the healthcare expenses. Silver plans cover around 70% of the costs, Gold plans cover around 80%, and Platinum plans cover around 90%. These categories help consumers understand the level of coverage they can expect from a particular health plan and make informed decisions based on their healthcare needs and budget. The ACA also provides subsidies and cost-sharing reductions to make insurance more affordable for eligible individuals and families.

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Answer:

Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases

Answer:A)Increase in one asset, decrease in another asset.-    purchase of machinery in cash . ie. increase in asset and decrease in cash 

B)Increase in asset, increase in liability - purchase goods on credit ie. increase in stock and increase in creditors

C)Increase in asset, increase in owner's capital -issue of shares ie. increase in share capital and increase in cash .

D)Decrease in asset, decrease in liability -Payment to creditors ie, decrease in cash and decrease in creditors 

E)Decrease in asset, decrease in owner's capital-  drawings (withdrawn by partners ) ie, decrease in capital ad decrease in cash  

F)Increase in one liability, decrease in another liability- Bills Payable issued to Creditors.ie., This will reduce one liability (Creditors) on the one hand and increase another liability (Bills Payable) on the other hand.

G)Increase in liability, decrease in owner's capital -  Conversion of share capital into debentures.ie, increase in debentures and decrease in share capital .

H)Decrease in liability, increase in owner's capital.-Conversion of debentures into shares.,ie. increase in share capital and decrease in debenture (long term liability )

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Explanation:

A 0% APR on a credit card means that you won't be charged interest on purchases, balance transfers or both, for a fixed period of time.

What does 0% APR on purchases mean?

There are never any interest charges during the introductory term with a 0% intro APR. Only the balance that is still owed after the intro APR period has expired is subject to the standard interest rate.

What is APR in plain English?

When you have a balance on your credit card, you will be charged an annual percentage rate (APR). Certain credit cards feature variable APRs, which means that your rate could go up or down over time.

                                     The current average APR for credit cards is around 16%, which is considered to be a respectable APR. The only credit cards available to those with poor credit can be those with higher APRs.

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When it comes to businesses, there are different types of competitors that can exist. Here are four of the main types and an explanation of each:Direct Competitors: These are businesses that sell the same or similar products/services to the same target market.

For example, Burger King and McDonald's are direct competitors. They both sell fast food to people looking for a quick and affordable meal.Indirect Competitors: These are businesses that offer products/services that are different from yours but can still satisfy the same need/want as yours.

For example, a movie theater and a bowling alley are indirect competitors. They both offer a fun activity for people to do in their free time, even though the activity itself is different.Substitute Competitors: These are businesses that offer products/services that can replace yours.

For example, a bicycle and a car are substitute competitors. They both offer transportation, even though they are very different products. Potential Competitors: These are businesses that are not yet in the market but could enter and become a competitor in the future. For example, if electric cars become much more popular in the future, they could become potential competitors to traditional gasoline-powered cars.

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Given that retained earnings at the beginning of the period were $240,000,000 and $20,000,000 was paid in dividends during the year, the net income for the year can be calculated. The net income for the year is $260,000,000.

Retained earnings represent the accumulated profits of a company that have not been distributed to shareholders as dividends. To calculate the net income for the year, we need to consider the change in retained earnings, which is influenced by dividends and net income.

The formula to calculate the change in retained earnings is:

Change in Retained Earnings = Net Income - Dividends

Given that retained earnings at the beginning of the period were $240,000,000 and $20,000,000 was paid in dividends, we can substitute these values into the formula:

Change in Retained Earnings = Net Income - $20,000,000

Since the change in retained earnings is the difference between the retained earnings at the end of the period and the retained earnings at the beginning of the period, we have:

Change in Retained Earnings = Retained Earnings at the End - $240,000,000

Now we can rearrange the formula to solve for the net income:

Net Income = Change in Retained Earnings + Dividends

Net Income = (Retained Earnings at the End - $240,000,000) + $20,000,000

Given that the retained earnings at the beginning of the period were $240,000,000, we can rewrite the equation as:

Net Income = (Retained Earnings at the End - $240,000,000) + $20,000,000

Simplifying the equation, we find:

Net Income = Retained Earnings at the End - $220,000,000

Since the problem does not provide the retained earnings at the end of the period, we cannot determine the exact net income. However, based on the given information, we know that the net income for the year would be $260,000,000 to balance the equation.

Therefore, the net income for the year is $260,000,000.

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Answer:

$115,000

Explanation:

150,000-35,000

Based on their effects on aggregate demand, the correct order of the items from the greatest effect to the least is:

Development of computer technologies had the highest effect on aggregate demand because they increased production on an unprecedented scale which allowed for more people to earn incomes.

State governments cutting their budget in the 2010s reduced aggregate demand because government spending is important to aggregate demand.

Prices then rose which led to less people demanding goods and services and the trade war with China led to a decrease in trade and in aggregate demand.

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If the economy is at potential output and the Fed decreases the money supply, in the long run, the price level will likely decrease.

When the Fed decreases the money supply, it reduces the amount of money available in the economy. This reduction in money supply leads to a decrease in aggregate demand. As aggregate demand decreases, there is less pressure on the production capacity of the economy, which leads to a decrease in the price level.

In the long run, the economy tends to adjust to its potential output level, where resources are fully utilized and there is no output gap. As the decrease in aggregate demand persists, it puts downward pressure on prices.

This is because producers are likely to reduce their prices to stimulate demand and maintain competitiveness in the market. Therefore, in the long run, the price level is likely to decrease as a result of the decrease in the money supply.

When the money supply is decreased in an economy operating at potential output, it is expected that the price level will decrease in the long run. This adjustment occurs as the economy seeks to restore equilibrium between aggregate demand and potential output.

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Answer:

No, because in bankruptcy repayment plans, certain debts are not dischargeable, including those related to injury or property damage caused while driving drunk.

Explanation:

Dischargeable debts are defined as amounts owed that can be wiped out by one's bankruptcy discharge.

Once the bankruptcy discharge is issued, creditors in such cases can no longer collect on the debts

An example of dischargeable debts is credit card debt and medical bills

In this scenario however where Stephen had been involved in an automobile accident and attending officers determined that Stephen's blood-alcohol level was above the legal limit.

Any debt in relation to the injured party cannot be discharged through bankruptcy

Answer:

A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:

Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.

Explanation:

Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.

The impact on Carnes' working pay from taking out the little instruments division would be a $36,000 decrease.

The option (B) is correct.

Operating income refers to the changed income of an organization after all costs of activity and devaluation are deducted. Costs of the activity or working costs are essentially the costs brought about to keep the business running.

According to the information given in the inquiry,

Current Loss  = $85,000

If we don't consider division, then 45% of the fixed cost can be dispensed with, and the leftover 55% of the fixed cost is thought of.

Fixed cost to be applied

= $220,000 × 55%

= $121,000

Enhancing operating loss when division is eliminated

= $121,000 - $85,000

= $36,000

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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.

The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.

Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.

Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.

The question was incomplete, Find the full content below:

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?

A. He might change his position to include some foreground items such as rocks or grasses.

B. He might tilt his camera up to better capture the tops of the hills.

C. He might add some framing trees in the middle ground of his image.

D. He might circle around to the side of the hills to capture the cows standing on top.

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The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.

By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.

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Eli Whitney's mechanical cotton gin resulted in people planting more cotton, and expanded the use of slave labor. By far most of enslaved Africans utilized in ranch horticulture were field hands.

Developing more cotton implied an expanded interest in slaves. Slaves in the Upper South turned out to be unbelievably more significant as wares given this interest for them in the Profound South.

The cotton gin made cotton massively productive, which urged the west movement to new regions of the US South to develop more cotton. The number of oppressed individuals rose with the expansion in cotton creation, from 700,000 in 1790 to more than 3,000,000 by 1850.

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Without specific data values for profits and SALARX, it is not possible to calculate an approximation of the parameter estimate for the simple regression equation.

To calculate an approximation of the parameter estimate on the variable profits from simple regression, we need the information provided in part (b) and part (d) of the question. Unfortunately, the specific values for the variable profits, SALARX, and other relevant data are not mentioned, making it impossible to provide a numerical calculation.

However, I can explain the general steps involved in estimating the parameter in simple regression. In simple regression, we are trying to find the relationship between a dependent variable (in this case, SALARX) and an independent variable (profits). The parameter estimate represents the slope of the regression line, indicating how the dependent variable changes for each unit change in the independent variable.

To estimate the parameter, we typically use the method of least squares. This involves minimizing the sum of the squared differences between the observed values of the dependent variable and the predicted values based on the regression line.

The parameter estimate, denoted as β₁, is calculated using the formula:

β₁ = Cov(X, Y) / Var(X)

Here, Cov(X, Y) represents the covariance between the independent variable (profits) and the dependent variable (SALARX), and Var(X) represents the variance of the independent variable.

To calculate these values, you would need the actual data points for profits and SALARX and perform the necessary calculations.

Without the specific values for the data points, it is not possible to provide a numerical approximation for the parameter estimate in this case.

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Utilization rate is equal to 100% times the ratio of service time to idle time. Since only one customer is being served at a time by the two employees, their service time is equal to that of one customer.

Utilization rate is equal to 100% times the ratio of service time to idle time. Since only one customer is being served at a time by the two employees, their service time is equal to that of one customer. Let's assume that it takes 10 minutes on average to serve one client. The waiting period for a customer, which is also 10 minutes, is the idle time for both employees. As a result, it takes 20 minutes to serve one customer in total. The formula allows us to determine the utilisation rate as follows: Utilization rate equals (10/(10+10)) x 100%, which equals 50%. Accordingly, the one team of employees is busy 50% of the time. The formula below can be used to determine the percentage of time that a single team of workers is busy, assuming that the two employees serve the customer alternately.

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Answer:

a. The perceived value of the product far exceeds its price charged.

Explanation:

a. The perceived value of the product far exceeds its price charged.

Option "a" is correct because the consumer buys the commodity when the perceived value is more than the price. The perceived value can be determined by subtracting the perceived cost to the customer from the expected price. Therefore, when the consumer perceived value is more than the price then the consumer is most likely to buy the commodity.

While test screenings and sneak previews are common in movie marketing, trailers are widely used and considered essential in building anticipation and reaching a broad audience, despite their production costs.

Movie marketing methods aim to create buzz and generate interest in upcoming films. Test screenings and sneak previews are commonly employed to gauge audience reactions and generate early word-of-mouth. On the other hand, movie trailers, although optional, are widely utilized due to their effectiveness in building anticipation and reaching a broad audience.

Test screenings and sneak previews serve as valuable market research tools for filmmakers.

By showing the movie to a select audience before its official release, filmmakers can gather feedback and make necessary adjustments based on audience reactions. This helps them gauge the film's potential success and identify areas for improvement. Additionally, positive word-of-mouth generated from these screenings can help generate buzz and attract potential viewers.

While movie trailers may be expensive to produce, they are considered an essential part of the marketing campaign for most films. Trailers provide a condensed preview of the movie's key elements, including the plot, characters, and visual effects, in a visually captivating and engaging manner.

They serve as a powerful promotional tool that can create excitement, generate anticipation, and reach a wide audience across various media platforms such as theaters, television, and online channels. Trailers allow filmmakers to build hype and generate interest among potential viewers, ultimately driving ticket sales and audience turnout.

In summary, while test screenings and sneak previews offer valuable insights and generate early buzz, movie trailers are widely used and considered an integral part of movie marketing campaigns. Despite the production costs involved, trailers play a crucial role in building anticipation, reaching a broad audience, and driving ticket sales for upcoming films.

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Answer:

The answer is beginning inventory

Answer: labor cost = hourly wage × total work hours

Explanation:

The labor cost refers to the the wage that's paid to an employee and thus can include the employee benefits as well.

With regards to the question, the labor cost will be the hourly wage multiplied by the total work hours. For example of the hourly wage is $15 and the total work hours is 20. Then the labor cost will be 20 × $15 = $300.

Answer:

The answer is Business casual for  

Explanation:

I just took the quiz

The type of attire that typically consists of a button-down shirt and dress pants for men and blouses and dress pants or skirts for women is business casual.

This dress code is commonly used in professional settings where a certain level of formality is expected but not as strict as a formal business attire.

Business casual attire for men usually involves a collared shirt such as a dress shirt, polo shirt, or a button-down shirt. Dress pants such as khakis, chinos, or wool trousers are appropriate, and leather shoes, such as loafers or dress shoes, are recommended. However, a tie is optional.

For women, business casual attire typically includes blouses or collared shirts, dress pants, or skirts. Skirts should be knee-length or longer, and pants should be tailored and not excessively tight or revealing. Shoes should be closed-toe and comfortable, such as loafers, flats, or heels with a moderate height.

Overall, business casual attire is a versatile dress code that balances professionalism with comfort and flexibility. It is commonly used in office settings, meetings, and other business-related events where a formal dress code is not required.

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Answer: See explanation

Explanation:

Based on the information given in the question, the advise for Billy is that he should save his money rather than purchasing things that are useless.

He has goals to get a car, go to college and buy a big house but he's rather spending on useless stuff. This will make his goals harder to achieve but saving the money for future purpose is essential to achieve his dreams and meet other demands.

Khalid should pay approximately $8,256.62 at the end of every 6 months to clear the loan in 20 years.

To calculate the semi-annual payment for the business loan, we can use the formula for the present value of an ordinary annuity.

the formula for the present value of an ordinary annuity is:

pv = p * (1 - (1 + r)⁽⁻ⁿ⁾) / r,

where pv is the present value (loan amount), p is the payment, r is the interest rate per compounding period, and n is the number of compounding periods.

in this case, the loan amount (pv) is $265,000. the interest rate (r) is 5.14% per annum, compounded semi-annually. the loan term is 20 years, which means there are 40 semi-annual compounding periods (20 years * 2).

let's calculate the semi-annual payment (p):

p = pv * r / (1 - (1 + r)⁽⁻ⁿ⁾)p = $265,000 * 0.0514 / (1 - (1 + 0.0514)⁽⁻⁴⁰⁾)

calculating this equation gives us the semi-annual payment amount. rounding to the nearest cent:

p ≈ $8,256.62

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Answer:

A. $5,276.26

B. $1,233.96

Explanation:

Calculation for What is Moss Company's portion of the social security taxes for:

a. OASDI taxes=($85,100.90 x 6.2%)

OASDI taxes=$5,276.26

Therefore Moss Company's portion of the social security taxes for OASDI will be $5,276.26

b. HI taxes=($85,100.90 x 1.45%)

HI taxes=$1,233.96

Therefore Moss Company's portion of the social security taxes for HI will be $1,233.96

a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:

b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.

To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.

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