Answer:
%You can answer that read your books or module you can find the answer
Explanation:
thank u bbb
Use the following information for the year ended December 31, 2022.
Supplies
$1,300 Service revenue
$21,500
Operating expenses
10,400 Cash
15,600
Accounts payable
11,500 Dividends
6,600
Accounts receivable
3,300 Notes payable
1,900
Common stock
9,000 Equipment
11,300
Retained earnings (beginning)
4,600 Calculate the following: (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Net income / (net loss)
$enter a dollar amount
Ending retained earnings
$enter a dollar amount
Total assets
$enter a dollar amount
Net income / (net loss): \($4,100\)
Ending retained earnings: \($11,100\)
Total assets: \($48,100\)
To calculate the net income / (net loss) for the year ended December 31, 2022, we need to calculate the revenue and the expenses. Revenue is calculated by adding the service revenue and supplies, which is \($22,800.\) Expenses are calculated by adding the operating expenses, cash, accounts payable, dividends, accounts receivable, notes payable, common stock, and equipment, which is \($37,400\). The net income / (net loss) is calculated by subtracting the expenses from the revenue, which is\($4,100.\)
To calculate the ending retained earnings, we need to calculate the beginning retained earnings and the net income / (net loss). The beginning retained earnings are \($4,600\), and the net income / (net loss) is \($4,100.\) The ending retained earnings are calculated by adding the beginning retained earnings and the net income / (net loss), which is \($11,100\).
To calculate the total assets, we need to add the supplies, service revenue, cash, accounts payable, accounts receivable, notes payable, common stock, and equipment, which is \($48,100.\)
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Net income / (net loss): $5,900
Ending retained earnings: $10,500
Total assets: $42,500
For the Net Income, we need to find the difference between Total Revenue and Total Expenses.
Total Revenue = Service Revenue + Dividends = $21,500 + $6,600 = $28,100
Total Expenses = Operating Expenses + Accounts Payable = $10,400 + $11,500 = $21,900
Net Income = Total Revenue - Total Expenses = $28,100 - $21,900 = $5,900
To calculate the Ending Retained Earnings, we need to find the difference between the beginning Retained Earnings and the Net Income.
Ending Retained Earnings = Beginning Retained Earnings + Net Income = $4,600 + $5,900 = $10,500
For the Total Assets, we need to add together the current assets and non-current assets.
Current Assets = Cash + Accounts Receivable = $15,600 + $3,300 = $18,900
Non-Current Assets = Notes Payable + Common Stock + Equipment = $1,900 + $9,000 + $11,300 = $22,200
Total Assets = Current Assets + Non-Current Assets = $18,900 + $22,200 = $42,500
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Why is it important for public corporations to comply with audits
Answer:
Explanation:
Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.
State two reasons why people work
Answer:
earn money, make a change, fulfill their dreams
Explanation:
Money isn't the only reason why people work it's also for independence and have more control over their own life.
Explanation:
when you work you are also getting more skills and making more friends with people you have meet in you'r job.
Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers in as little as 30 seconds. Not to mention you can easily message somebody without any problems.
Answer:
what happened to karlie
Explanation:
The amount of money you need to maintain in your account to avoid a fee is the?
Answer:
minimum balance
Explanation:
two reasons why a business draws up a job description
Answer:
To describe duties of specific job and its requirements
An insurance that you pay if your down payment is less than 20 percent of the total cost of the house _____.
a. an ARM
b. an escrow account
c. PMI
d. a balloon loan
Answer:
Hello There!!
Explanation:
I think the answer is c.PMI because that is the only option which best fits into the sentence.
hope this helps,have a great day!!
~Pinky~
\(\huge{\textbf{\textsf{{\color{navy}{An}}{\purple{sw}}{\pink{er}} {\color{pink}{:}}}}}\)
C. PMI
ThanksHope it helpsIdentify at least one benefit and one disadvantage of both "simple" and "compounding"
interest. What are some of the reasons why someone might choose simple interest over
compounding interest? Why would one choose compounding interest over simple
interest? Given the information you have from the article, and other sources, which
would "you" choose, and why.
An advantage of simple interest is that it is simpler to understand and cheaper. Regarding the disadvantages, they are associated with the difficulty of being found and in case of delay there are higher associated fees.
Compounding interest, on the other hand, has the benefits of investment advantages, as funds grow more than simple interest over a period of time. The disadvantages are related to cost, which depending on economic factors can increase or decrease.
How to make good investments?Is necessary for the investor to be aware of the risks inherent in any investment, so the ideal is that the investment portfolio is varied, to mitigate the risks. Some other important tips are carrying out financial planning, knowing your investor profile and the discipline necessary to manage your investiments in an advantageous and profitable way.
Therefore, if a choice had to be made to invest, perhaps compound interest would be a better option, as it has a higher yield over time.
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Approximately how many people died during the rwandan genocide? question 28 options: 8,000 80,000 800,000 8,000,000
The Rwandan genocide was the war fought between the Rwandan Armed Force and the Rwandan Patriotic Front. Approximately 500,000 people died.
Why was the Rwandan Civil war fought?The Rwandan Civil war was fought between the central government and the patriotic group, representing the conflict between the Tutsi and the Hutu group in the population.
The war was found to affect the majority of the groups and the population, and there was the death of approximately 500,000 people.
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These results have been replicated in many similar studies. As Jonah Lehrer tells us: "According to Shiv, a kind of placebo effect is at work. Since we expect cheaper goods to be less effective, they generally are less effective, even if they are identical to more expensive products. This is why brand-name aspirin works better than generic aspirin and why Coke tastes better than cheaper colas, even if most consumers can't tell the difference in blind taste tests." 2 Discuss the implications of this research in marketing and pricing.
Answer:
The implications of the research in marketing and pricing is that the low cost of a product or service should not be perceived as low quality of the good or service been offered
Explanation:
Lower priced goods are generally perceived by consumers to be of low quality, and this is simply because consumers expect goods produced using high quality materials are generally supposed to be expensive this perception is wrong because many factors play a big role in the pricing of goods and services in the market such as : Demand and supply , Availability of labor and raw materials and also the use of low-pricing strategy by companies to corner the market .
The implications of the research in marketing and pricing is that the low cost of a product or service should not be perceived as low quality of the good or service been offered
How do you calculate days sales in inventory?
Days sales of inventory( DSI) is the average number of days it takes for a establishment to vend off force. Days Sales of Inventory = ( Average Inventory ÷ COGS), multiplied by 365.
DSI is a metric that judges use to determine the effectiveness of deals. A high DSI can indicate that a establishment isn't duly managing its force or that it has force that's delicate to vend.
A high days deals in force suggests a company is inadequately managing its force. Generally, a small normal of days deals, or low days deals in force, indicates that a business is effective, both in terms of deals performance and force operation. Hence, it's more favorable than reporting a high DSI.
still, the force days or days' deals in force will increase, If profitable or competitive factors beget a unforeseen and significant drop in deals.
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Crystalize is a decorative glassware manufacturer. The company's production team takes 8 hours to produce 96 identical glass items. Which of the following is the labor productivity of Crystalize?A) 10 items per hour.
B) 12 items per hour.
C) 0.08 hours per item.
D) 0.09 hours per item.
Answer:
B) 12 items per hour.
Explanation:
Calculation for the labor productivity of Crystalize.
Using this formula
Labor productivity=Numbers of items produce/Hours to produce
Let plug in the formula
Labor productivity=96/8
Labor productivity= 12 items per hour
Therefore labor productivity of Crystalize will be 12 items per hour.
what is professional education!
Answer:
Professional education is a formal specialized training about a particular profession in which learners are taught the central concepts, principles, and techniques, and how these are applied in real practice, and the learners also acquire the necessary competencies needed for proper practice and behaviour.
Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior.
In a regression model, the variance of the error term € is assumed to be a. the same for all values of the independent variable
b. one c. zero
d. the same for all values of the dependent variable
The a. the same for all independent variable values. This means that the variance of the error term € is constant across all levels of the independent variable in the regression model.
The error term € in a regression model represents the variability that cannot be explained by the independent variable. It is assumed to follow a normal distribution with a mean of zero and a constant variance. Homoscedasticity is the term for this assumption of constant variance When the variance of the error term is the same for all levels of the independent variable, it means that the model is not influenced by the value of the independent variable, and the errors are equally distributed across all levels.
This assumption is called homoscedasticity, which means that the error term has a constant variance for all values of the independent variable. If this assumption is violated, it results in heteroscedasticity, which can affect the reliability of the regression model.
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Is there anyway to make money as a teen (Online), I am 14.
After a job interview, you should _____.
A. Celebrate
Write a thank you letter
call the interviewer immediately to see if you got the job
call your friend to tell them about the interview
Answer:
I think that after a job interview you should call your friend and tell them about the interview you should not celebrate because you don't know if you've gotten the job and if you call your friend they might give you hope on getting the job
how long does it take for tax refund to show in bank account after approved
Answer:
Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.
Explanation:
healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of
Answer:
people
Explanation:
because I know ..........................
Will you borrow and act on the business idea of others?
Stop Killing Your Ideas. "Ideas," John Steinbeck once said, "are like rabbits. ... Most ideas don't stand a chance.
A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir
The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.
A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.
The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.
The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.
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Complete question:
Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is
anderson oil often assigns employees to travel and work abroad on international projects. however, anderson oil leaders understand that travel is more difficult for employees with disabilities, so employees who require special accommodations for their jobs do not receive international travel assignments. is anderson oil engaging in workplace discrimination?
Considering the situation described above in the question, Anderson oil is engaging in workplace discrimination.
This is because this situation is often described as an example of disparate treatment, and it is considered intentional or unlawful discrimination.
Given that Anderson Oil deliberately treats employees with disabilities differently, it is considered disparate treatment, a form of discrimination.
Hence, in this case, it is concluded that the correct answer is Yes; Anderson Oil is engaging in work placement discrimination using a disparate treatment strategy.
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how quantitative research helps in ABM?
Answer:
Quantitative Research and ABM importance
Research is of paramount significance particularly at the early stages of any Account Based Marketing program. ... “ABM is all about understating your target audience and you can't do that without investing some form of research – be that traditional research or more data-driven approaches to delivering insight.”
matt and meg comer are married and file a joint tax return. they do not have any children. matt works as a history professor at a local university and earns a salary of $70,000. meg works part time at the same university. she earns $33,000 a year. the couple does not itemize deductions. other than salary, the comers' only other source of income is from the disposition of various capital assets (mostly stocks). (use the tax rate schedules, dividends and capital gains tax rates.)
(Round your final answers to the nearest whole dollar amount.) a. What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 9,000 (2,000) 15,000 (6,000) Total tax liability b. What is the Comers' tax liability for 2019 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 1,500 0 13,000 (10,000) Total tax liability Tax Rates for Net Capital Gains and Qualified Dividends Taxable Income Rate* 0% Married Filing Jointly $0 - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately $0 - $39,375 $39,376 - $244,425 $244,426+ Single $0 - $39,375 $39,376 - $434,550 $434,551+ Head of Household $0 - $52,750 $52,751 - $461,700 $461,701+ Trusts and Estates $0 - $2,650 $2,651 - $12,950 $12,951+ 15% 20% *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,400 10% of taxable income $ 19,400 $ 78,950 $1,940 plus 12% of the excess over $19,400 $ 78,950 $168,400 $9,086 plus 22% of the excess over $78,950 $168,400 $321,450 $28,765 plus 24% of the excess over $168,400 $321,450 $408,200 $65,497 plus 32% of the excess over $321,450 $408,200 $612,350 $93,257 plus 35% of the excess over $408,200 $612,350 - $164,709.50 plus 37% of the excess over $612,350
The Comers’ tax liability for 2020 is $9,034
The calculation is as follows:
Matt Income 68,000
Add: Meg Income 33,000
Add: Short term Capital gain 1,500
Add: Net long term Capital gain 3,000 913,000-10,000)
Adjusted gross income 105,500
Less: Standard deduction -24,800
Taxable Income 80,700
Normal Taxable Income 77,700 (80700-3000)
Tax on Normal Income 8,929 ((1975+(77700-19750)×12%)
Add: Tax on Long term capital gain 105 ((3000-2,300)×15%)
Total Tax liability $ 9,034
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A sports collector is considering the purchase of either a hockey jersey or a baseball that was struck for a home run. If the collector chooses to purchase the jersey, what is the opportunity cost?(1 point)
the cost of the jersey
the cost of the ball
the net value of the jersey for the collector
the net value of the ball for the collector
The opportunity cost in the presented situation is the cost of the ball
The opportunity cost is an economic term that refers to the cost of the alternative that we give up when we make a certain decision, including the benefits that we could have obtained from having chosen the alternative option.
According to the above, the opportunity cost in the situation presented is the cost of the ball (option B) because the collector gave up this opportunity and preferred to buy the hockey jersey.
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Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.34 million and create incremental cash flows of $670,775.00 each year for the next five years. The cost of capital is 11.07%. What is the net present value of the J-Mix 2000?
Answer format: Currency: Round to: 2 decimal places.
The net present value (NPV) of the J-Mix 2000 for Caspian Sea Drinks is $1,519,847.69. This positive NPV suggests that the investment in the J-Mix 2000 is financially beneficial for Caspian Sea Drinks.
Net present value (NPV) is a financial metric used to evaluate the profitability of an investment by comparing the present value of expected cash flows to the initial investment cost. In this case, the J-Mix 2000 machine costs $1.34 million and is expected to generate incremental cash flows of $670,775.00 annually for five years. The cost of capital, which represents the discount rate, is 11.07%.
By applying the NPV formula and discounting each year's cash flow, we calculate the NPV as -$1,340,000 + ($670,775.00 / (1 + 0.1107)¹) + ($670,775.00 / (1 + 0.1107)²) + ... + ($670,775.00 / (1 + 0.1107)⁵), resulting in an NPV of $1,519,847.69. Since the NPV is positive, it indicates that the investment in the J-Mix 2000 is expected to yield a net positive return and is considered a financially viable decision for Caspian Sea Drinks.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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what are three primary reasons for asking others to review and comment on a presentation
Answer: to review content for accuracy, suggest improvements, or document feedback
Explanation:
i just took it
What line will you type an email address on if you want a person's email to remain
private ?
A) Subject
B) осс
C) Blind Carbon Copy
D) Signature
Answer:
for a persons email to remain private the line you will use is Blind Carbon Copy (BCC)
The cash price of a condominium is RM204,600. It can be purchased through an instalment plan by making a down payment of 10% followed by 360 equal monthly payments. The interest charged is 6.8% compounded monthly. Find the monthly payment. [ans:RM1,200.46]
If immediately after 15 years, the buyer decides to settle the loan by making a single payment,
Determine the value of this single payment. [ans:RM135,235.07]
Calculate the total interest paid by the buyer. [ans:167,177.87]
The monthly payment for the condominium is RM1,200.46. The value of the single payment to settle the loan after 15 years is RM135,235.07. The total interest paid by the buyer amounts to RM167,177.87.
To calculate the monthly payment, we can use the formula for the monthly payment of an installment loan:
PMT = PV * r * (1 + r)^n / ((1 + r)^n - 1)
Where:
PMT = Monthly payment
PV = Present value (cash price - down payment)
r = Monthly interest rate (6.8% / 12)
n = Total number of payments (360)
Substituting the given values into the formula, we get:
PMT = (RM204,600 - 0.10 * RM204,600) * (0.068/12) * (1 + 0.068/12)^360 / ((1 + 0.068/12)^360 - 1)
PMT ≈ RM1,200.46
To find the value of the single payment after 15 years, we need to calculate the future value of the remaining loan balance using the formula:
FV = PV * (1 + r)^n
Where:
FV = Future value (single payment)
PV = Present value (remaining loan balance after 15 years)
r = Monthly interest rate (6.8% / 12)
n = Remaining number of payments (360 - 15)
Substituting the values, we have:
FV = (RM1,200.46) * (1 + 0.068/12)^(360-15)
FV ≈ RM135,235.07
To calculate the total interest paid, we can subtract the original cash price from the total amount paid over 360 months:
Total interest paid = (RM1,200.46 * 360) - (RM204,600 - 0.10 * RM204,600)
Total interest paid ≈ RM167,177.87
Therefore, the monthly payment is RM1,200.46, the value of the single payment after 15 years is RM135,235.07, and the total interest paid by the buyer is RM167,177.87.
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When preparing a bank, reconciliation, adjustment are made to the bank side and not the ledger (book) side. True/False
False, when preparing a bank, reconciliation, adjustment are made to the bank side and not the ledger (book) side.
When preparing a bank reconciliation, adjustments are made to both the bank side and the ledger (book) side. A bank reconciliation is a process of comparing the bank statement with the company's cash records. The purpose is to identify any differences or discrepancies between the two and reconcile them.
Adjustments may be required on both sides to ensure that the bank balance and the book balance are in agreement. Examples of adjustments on the bank side include outstanding checks, deposits in transit, and bank fees.
On the ledger side, adjustments may involve recording bank service charges, interest earned, and any errors in recording transactions. Both sides need to be adjusted to achieve an accurate reconciliation.
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