On August 1, 2019, The Cove at Mill Lake, Inc., purchased inventory costing $46,000 by signing a 9%, six-month, short-term note payable. The company will pay the entire note (principal and interest) on the note's maturity date.
1. Journalize the company's purchase of inventory.
2. Make the adjusting entry for accrual of interest on the note payable on December 31, 2019.
Answers
1. The journal entry of the company's purchase of inventory is Inventory A/c debited and Accounts Payable A/c credited. 2. The adjusting entry for accrual of interest is Interest Expense A/c is debited and Interest Payable A/c is credited.
1. Journalize the company's purchase of inventory
Date: August 1, 2019
Inventory A/c Dr $46,000
Accounts Payable A/c Cr $46,000
The company debits the Inventory account to record the increase in inventory value and credits the Accounts Payable account to show the liability for the amount owed to the supplier.
2. Make the adjusting entry for accrual of interest on the note payable on December 31, 2019
Date: December 31, 2019
Interest Expense A/c Dr $1,725
Interest Payable A/c Cr $1,725
The adjusting entry is made to recognize the interest expense that has accrued on the note payable from August 1, 2019, to December 31, 2019. The interest is calculated as follows:
Principal amount: $46,000
Interest rate: 9% per annum
Time: 5 months (August 1 to December 31)
Interest expense = Principal amount x Interest rate x Time
Interest expense = $46,000 x 9% x (5/12) = $1,725
The Interest Expense account is debited to recognize the expense, and the Interest Payable account is credited to show the liability for the accrued interest that will be paid in the future.
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Related Questions
Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
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Answer:
Explanation:
Less
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Use the table to determine how many workers the firm will employ when the cost per good is $6, and the wage rate
is $25
A 3 workers
B 5 workers
C 2 workers
D 4 workers
Answers
The firm will employ 3 workers
Marginal cost is the change in total cost as a result of hiring one more unit of labour. The marginal cost of labour is equal to the wage rate.
Marginal revenue is the change in total revenue when output is increased by one unit
A rational producer would continue to higher labour as long as marginal revenue is higher or equal to marginal cost. If marginal revenue is less than marginal cost it means that productivity has fallen.
Looking at the marginal revenue and marginal cost on the table, marginal revenue is greater than marginal cost when 1,2 and 3 units of workers are used. But the number of workers that yields the highest product is 3 workers. So, 3 workers should be employed.
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Answer:
A 3 workers
Explanation:
I NEED HELPPPP! I need a 5 paragraph essay thats due on nov 17 2022 about finance. Word limit is 900
Answers
The study of money, investments, and other financial instruments is referred to as finance. Public finance, corporate finance, and personal finance are three main divisions that can be made. Social finance and behavioral finance are more recent subcategories of finance. Economics does not study finance; rather, finance is a study of theory and practice. The Babylonian Code of Hammurabi codified the early Sumerian people's financial dealings. The first trade, which took place in Antwerp in 1531, is credited to Belgium.
In 1773, the London Stock Exchange was founded. The earliest known bond was created in 2400 B.C. The Bible contains examples of option contracts. By the end of the 17th century, both forward and options contracts had been included in Amsterdam's clearing system. But mathematicians did not start to examine how invested sums could accumulate until the medieval era. The earliest tables of compound interest in English were found in a book on accounting and mathematics written by William Colson.
There are many ways for businesses to get funding, from stock investments to credit agreements. A business might arrange for a line of credit or borrow money from a bank. User fees from ports, airport services, and other facilities are some other sources of public funding. Analysis of an individual's current financial situation, forecasting of short-and long-term needs, and implementation of a plan to meet those needs within the individual's financial limits are all parts of financial planning. Personal finance issues include, but are not limited to, buying financial items for private use.
Social impact bonds are a special kind of financial instrument that functions as a contract with the public sector or local government. They are sometimes referred to as Pay for Success Bonds or Social Benefit Bonds. A few microfinance subsets, notably loans to start-ups and small business owners, are also included in contemporary forms of social finance. Behavioral finance puts forth psychologically based ideas in order to explain financial anomalies like increases or decreases in stock prices. The goal is to pinpoint and comprehend the motivations behind people's financial decisions. Mental accounting, herd behavior, anchoring, and high self-rating and overconfidence are four essential principles.
According to mental accounting, people are likely to give each asset group or account a different role. Anchoring is the practice of associating expenditure with a specific level or point of reference despite the fact that it may not be logically related to the current decision. High self-rating is the propensity for a person to rate themselves higher than the average person or better than others. For instance, an investor's ability to choose stocks can suffer from overconfidence. Investors are interested in economic data since it has a significant impact on the markets. Investors should steer clear of "either/or" discussions between economics and finance. While finance focuses more on the person, business, or industry, economics might concentrate on public policy. Finance has traditionally been more applied than economics, while economics has been more theoretical.
The study and system of money, investments, and other financial tools are together referred to as "finance. Public finance, corporate finance, and personal finance are three main divisions that can be made. The Babylonian Code of Hammurabi codified early Sumerian financial operations. The earliest known bond was created in 2400 B.C. Analysis of an individual's current financial situation, forecasting of short-and long-term needs, and implementation of a plan to meet those needs within the individual's financial limits are all parts of financial planning. Mental accounting, herd behavior, anchoring, and high self-rating and overconfidence are four essential principles. While finance focuses more on the person, business, or industry, economics might concentrate on public policy.
The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.
Point B is consistent with the full employment of available resources.
Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.
Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.
Point G represents an unattainable combination of steak and potatoes.
Point H represents an inefficient use of New Carnitas's resources.
Answers
Given that the graph is not shown here these are the basic points in a production possibility curve.
The attainable point in a production possibility curve
This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.
The full employment of resources on the PPCThis is the point that has all the resources in the economy being used in the production of goods and resources.
The unattainable point in a PPCThe unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.
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You want to purchase GM stock at $40 from your broker using as little of your own money as possible. If initial margin is 50% and you have $4000 to invest, how many shares can you buy?
Select one:
a. 200 shares
b. 50 shares
c. 500 shares
d. 100 shares
e. 25 shares
Answers
You want to purchase GM stock at $40 from your broker using as little of your own money as possible. If initial margin is 50% and you have $4000 to invest, you can buy a. 200 shares.
You can pay cash for (4,000/40) = 100 shares
and borrow 4,000 to purchase an 4000 / 40 = additional 100 shares.
So, the total shares that can be bought will be 100 + 100 = 200.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise.
Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used synonymously.
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1. To begin to understand stocks, we have to know what companies sell stock. Define: What is a corporation?
Answers
Answer:
Here is a guide...
Explanation:
One place to find lists of index components or company stocks that make up an index is the website of the index maker. For example, you can find the list of company stocks included in the Nasdaq 100 by going to Nasdaq.com. Going straight to the primary source—the website of the index maker—is usually ideal.
McPherson Corp. does not make an annual physical count of year-end inventories, but instead makes weekly test counts on the basis of a statistical plan. During the year, Sara Mullins, CPA, observes such counts as she deems necessary and is able to satisfy herself as to the reliability of the client's procedures. In the reporting on the results of her examination, Mullins:
Answers
Answer and Explanation:
Since in the given situation it is mentioned that McPherson Corp has not done any physical count of inventory but rather it do weekly test counts based on statistical plan also such counts would be considered for satisfying herself so here the reporting would be that Mullins would have to submit an unqualified opinion as she is content with the client producers and considered them reliable & accurate
what are the levels of production
Answers
Answer:
The three levels of production.Primary. is concerned with the extraction of raw materials from the earth's surface. For example farming and fishing.Secondary. Is made up of:Distribution of goods and services and trade.COMMERCE.Explanation:
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Tigger was terminated from the local ice cream shop as the staff manager. He did not manage by example including being rude to customers and always coming in late for his shift. What functional area of management did Tigger fail at?
Answers
He failed at Human Resources functional area of management
Let understand that the functional area of management is the section of management of a firm which ensures that the important business activities are carried out efficiently.
The functional area of management is distinctively categorized into 6 part and they includes:
Strategic area of managementMarketing area of managementFinance area of managementHuman resources area of managementTechnology & equipment area of managementOperations area of managementIn conclusion, the area that Tigger failed at is the Human Resources area because he need to serves as a good example for his Subordinate as well effectively managing them, whereas, he failed at it.
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the profit mark-up is a percentage of the cost price which is added to the cost price in order to calculate the selling price.
true or false if false say why
Answers
Answer:
true
Explanation:
New Century Computer issued $450 million of AA-rated 30-year $1,000 par bonds on this date in 2012 at a 2.5% premium, which have a coupon interest rate of 8 percent and pay interest annually. A decrease in the inflation rate by 3 percent and a decrease in corporate risk, (beta), have caused the required return on these bonds to be only 5 percent. Find the price today of a bond.
Answers
The price today of the bond issued by New Century Computer in 2012 can be found by considering the decrease in the inflation rate and the corporate risk.
What is the current price of the New Century Computer bond considering the changes in inflation rate and corporate risk?The decrease in the inflation rate by 3 percent and the decrease in corporate risk have led to a decrease in the required return on these bonds to 5 percent. As the bond pays interest annually, the coupon interest rate of 8 percent is higher than the required return. Therefore, the bond is priced at a premium to its par value. To calculate the price today, we need to discount the future cash flows of the bond using the new required return rate of 5 percent.
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In general, how would you describe the U.S. Economy to someone else?
Answers
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Answers
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
five paragraph in which you describe the business, target markets, what the company could do to improve, utilizing basic marketing research strategies. Before submitting, make sure that your essay is thorough, clear, and descriptive.
Answers
To write an essay on business, target markets and strategic advantages using marketing research you can conduct online research on company websites, business news and trusted websites to form your ideas consistently.
How does conducting marketing research help companies?It is essential that before entering the market or developing new products and services, organizations develop marketing research to better understand the characteristics of the market, the public, their needs and desires, in order to segment the market in a way that is aligned with the location.
Therefore, conducting marketing research is a planning strategy that increases the value of a company in the market, gives it subsidies to build a positive relationship with the potential consumer, in addition to increasing the speed of processes, quality and positioning in the market.
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new form of business organization during industrial era
Answers
During the Industrial Era, the growth of businesses led to the emergence of a new form of business organization known as the corporation.
Corporations are legal entities that are separate from their owners and can raise capital by issuing stocks or bonds to investors. This allowed businesses to raise large amounts of money, which they could use to fund expansion and innovation. In addition, corporations allowed for the separation of ownership and management, which meant that individuals could invest in a company without having to manage it. This helped to attract a wider range of investors and facilitated the growth of larger businesses. The rise of corporations also led to the development of new business practices, such as mergers and acquisitions, which allowed companies to consolidate their operations and increase their market power. Today, corporations remain the dominant form of business organization, playing a crucial role in the global economy.
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Arnold buys a backhoe from Big Dig Equipment Inc. Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can
Answers
Answer:
recover from Big Dig for breach of warranty.
Explanation:
I. The given instance Arnold makes a purchase of a backhoe from Big Dog Equipment, being unaware that Credit collection company is holding a lien on the equipment.
A lien is the ability of a entity to take ownership of a property pending when a debt is repaid.
The backhoe was sold without disclosing this to Arnold. So he can recover from Big Daddy because false information about the product was provided at the time of purchase
The manager of a company determines that when q hundred units of a particular commodity are produced, the total cost of production is C thousand dollars, where C 2 - 3q 3 = 4,275. When 1,500 units are being produced, the level of production is increasing at the rate of 20 units per week. What is the total cost at this time and at what rate is it changing? My answer is The total cost of production of 1500 units is 100623.10 dollars. The rate of increase of total cost of production at the rate of 2012.46 dollars per week. But my group leader say "i think you're confuse with the units, so the answers are wrong, in the questions C and q have thousand unit and hundred unit, and then the rate of production have unit/week as its unit. you need to make sure the units are the same before you calculate it"
Answers
The total cost of production of 1500 units is $120,000. The rate of increase in the total cost of production is approximately $168.75 per week.
To ensure consistency in units, let's convert the variables to the same unit:
Let C be the total cost of production in thousands of dollars (C in thousands).
Let q be the level of production in hundreds of units (q in hundreds).
The given equation can be rewritten as:
C²- 3q³ = 4,275
When 1,500 units are being produced, the level of production is increasing at a rate of 20 units per week.
To calculate the total cost at this time, we substitute q = 1,500/100 = 15 into the equation:
C² - 3(15³) = 4,275
C² - 3(3,375) = 4,275
C² - 10,125 = 4,275
C² = 14,400
C = sqrt(14,400)
C = 120
Therefore, the total cost of production at this time is $120,000.
To calculate the rate of change of the total cost, we differentiate the equation with respect to time (t) assuming q as a function of t:
2C(dC/dt) - 9q²(dq/dt) = 0
Substituting q = 1,500 and dq/dt = 20, we can solve for dC/dt:
2(120)(dC/dt) - 9(15²)(20) = 0
240(dC/dt) - 9(225)(20) = 0
240(dC/dt) - 9(4,500) = 0
240(dC/dt) - 40,500 = 0
240(dC/dt) = 40,500
dC/dt = 40,500 / 240
dC/dt ≈ 168.75
Therefore, the rate of change in the total cost of production is approximately $168.75 per week.
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Feed Me Now
Disclaimer: The situation described in the following case study is fictional, and bears no resemblance
to any persons, businesses, or organisations, living or dead. Any such resemblance, if exists, is merely
co-incidental in nature, and is not intentional.
Feed Me Now is an online company that provides food delivery services, connecting restaurants (and
also cafes) with individuals. Feed Me Now allows restaurants which would otherwise be dine-in and
takeaway businesses to also provide home delivery and online ordering (for pick up takeaway
orders) services.
Upon signing up with the Feed Me Now platform, restaurants specify whether they will cater for
home delivery only, or both home delivery and pick up takeaway. Feed Me Now does not make any
money from online ordering, as no additional fee is charged on top of the restaurant price for pick
up takeaway orders – Feed Me Now’s income is from delivery fees and advertising on their website
and mobile application services. Restaurants can also pay to ‘promote’ themselves or specific
deals/items they are offering on Feed Me Now’s platforms.
Restaurants provide Feed Me Now with a list of menu items to be made available on the service.
Each menu item includes a name, description, price, picture, and category. Restaurants can define
their own categories for items, which can include things like "Starter", "Main", "Dessert", "Drinks"
or types of food such as "Stir-Fry", "Soup", and others. Individuals can browse the menu for each
restaurant, and each restaurant has a name and address.
Individuals can place an order through the Feed Me Now website or Feed Me Now mobile
application to any of the restaurants on the service. Each order comprises a list of items and their
quantities selected from the menu items, all of which must be from a single restaurant.
For home delivery, Feed Me Now charges a delivery fee on a per kilometre basis calculated on the
distance from the restaurant to the delivery location – the distance is calculated using an external
mapping service, which takes two street addresses and returns the road distance between them.
The delivery fee (for delivery orders) is added to the total price of the selected menu items to
determine the order total. An order may have different delivery and billing addresses (but might
not), and pick up takeaway orders do not require individuals to enter a delivery address.
Orders can be paid for through a wide range of payment methods. Payment methods notify the
ordering system when payments have been successfully completed (so that orders can be
processed). Previously used payment methods and previously placed orders can be ‘favourited’ by
individuals for quicker payment or re-ordering in the future.
Individuals can make special requests for each item in their order. Each order has a status that
describes what the current progress of the order is. Some example statuses are: "Creating order"
(while the individual is adding items to their order), "Awaiting payment" (when the individual has
finished adding items and is putting in their payment details), "Payment confirmed", "Being made",
"Ready for pickup" (regardless of whether it is ready for the driver to pick up for delivery orders, or
the individual to pick up for pick-up orders), "With driver", "Delivered" (for delivery orders), and
"Picked up" (for pick-up orders).
Each delivery order is delivered by a driver. The driver for each order is recorded, so that drivers can
be paid appropriately (similar to the delivery fee, this is calculated on a per kilometre basis) and also tips from individuals can be added to their payment for each order they deliver. Individuals are
prompted to provide a tip amount (which can be $0) after the order delivery has been completed.
Drivers are not restricted to working for particular restaurants – they are able to handle any orders
they wish to within the Feed Me Now service.
As an ICT business analyst, you will be tasked with analysing and modelling Feed Me Now’s current
business practices in order to better understand the current situation of the business, with a view
towards creating a single, updated ICT system to manage their delivery management system.
Answers
As an ICT business analyst, your role is to analyze and model Feed Me Now's current business practices to understand their existing situation and propose an updated ICT system for their delivery management.
Here are the key steps you can take: Conduct Stakeholder Interviews: Interview key stakeholders, including management, restaurant owners, delivery drivers, and customers to gather their perspectives on the existing system, pain points, and desired improvements.
Document Current Processes: Document the current processes involved in restaurant registration, menu management, order placement, delivery management, payment processing, and customer support. Identify any inefficiencies, bottlenecks, or gaps in the existing system.
Identify Requirements: Based on stakeholder interviews and process documentation, identify the functional and non-functional requirements for the updated ICT system. This may include features like user registration, menu management, order tracking, payment integration, driver management, and reporting capabilities.
Analyze Data Flows: Understand the flow of data within the current system. Identify the data entities, such as restaurants, menu items, orders, drivers, and customers. Determine the relationships and interactions between these entities and the required data attributes.
Create System Models: Develop system models, such as use case diagrams, activity diagrams, and sequence diagrams, to illustrate the interactions between system components, actors, and processes. This will help visualize the system's functionality and identify areas for improvement.
Design Database Schema: Based on the identified data entities and their relationships, design a database schema that can efficiently store and retrieve the required data. Consider data normalization, data integrity, and scalability.
Propose ICT System Architecture: Based on the requirements and system models, propose an updated ICT system architecture. This may involve selecting appropriate technologies, frameworks, and infrastructure components. Consider factors such as scalability, security, and integration with external mapping services and payment gateways.
Develop a Project Plan: Create a project plan that outlines the tasks, timelines, and resource requirements for implementing the updated ICT system. Identify dependencies, milestones, and potential risks.
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According to the quantity theory of money, the quantity of money is related.
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According to the quantity theory of money, the quantity of money is related to the general price level and the output of goods and services produced in the economy. In simple terms, this theory states that the increase in the supply of money results in an increase in the price level in the long run.
The quantity theory of money assumes that the velocity of money, which is the speed at which money changes hands in the economy, and the level of real output are constant. This theory is based on the equation of exchange, which is MV = PY, where M is the money supply, V is the velocity of money, P is the price level, and Y is the level of real output. According to this equation, an increase in the money supply (M) will result in an increase in the price level (P) or the level of real output (Y), assuming that the velocity of money (V) is constant. Overall, the quantity theory of money is a key framework for understanding the relationship between the money supply, inflation, and economic output.
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Your high school transcript will include each of these items EXCEPT...
The name of your school
Your GPA calculated with all of the courses you’ve taken so far
A list of your test and quiz grades in each course
The courses you’ve taken and when you took them
Answers
Answer:
a list of your test and quiz grades in each course
Explanation:
a list of your test and quiz grades in each course
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Gilley, Inc., sells a single product. The company's most recent income statement is given below. Sales (4,000 units) $120,000 Less variable expenses (68,000) Contribution margin 52,000 Less fixed expenses (40,000) Net income $ 12,000 Required: a. Contribution margin per unit is $ ________ per unit b. If sales are doubled to $240,000, total variable costs will equal $ ________ c. If sales are doubled to $240,000, total fixed costs will equal $ ________ d. If 10 more units are sold, profits will increase by $ ________ e. Compute how many units must be sold to break even. # ________ f. Compute how many units must be sold to achieve profits of $20,000. # ________
Answers
Contribution margin per unit is $13 per unit , total variable costs will equal $136,000, total fixed costs will equal $40,000. If 10 more units are sold, profits will increase by $130, The number of units to break-even is 7,111. The number of units required to achieve a profit of $20,000 is 5,538.
Given that Sales (4,000 units) $120,000Less variable expenses (68,000)
Contribution margin 52,000Less fixed expenses (40,000)Net income $ 12,000a)
Calculation of contribution margin per unit
Contribution margin per unit is calculated by dividing the total contribution margin by total number of units.
Contribution margin per unit =$52,000/4,000 units= $13 per unit
Calculation of total variable costs Total variable cost is calculated as follows:
Contribution margin = Sales - Variable cost ⇒ $52,000 = $120,000 - Variable cost⇒
Variable cost = $120,000 - $52,000 = $68,000
Total variable costs for sales of $240,000 = $240,000 × ($68,000 ÷ $120,000) = $136,000
Calculation of total fixed costs
Total fixed costs for sales of $240,000 = $40,000 (remains the same)
Calculation of profits increase
If 10 more units are sold, profits will increase by $130 = 10 × $13 (contribution margin per unit)
Calculation of break-even point
Break-even point is the point where total sales equals total expenses and the net income is zero.
Contribution margin ratio = Contribution margin / Sales ⇒ $52,000 / $120,000 ⇒ 0.433 or 43.3%
Fixed expenses / Contribution margin ratio = $40,000 / 0.433 ⇒ $92,355 (rounded to nearest dollar)
Total units to break-even = Total fixed cost / Contribution margin per unit ⇒ $92,355 / $13 per unit = 7,111 (rounded to nearest whole unit)
Calculation of the number of units needed to achieve a profit of $20,000
Units required to achieve a profit of $20,000 = (Fixed costs + Operating income) / Contribution
margin per unit = ($40,000 + $20,000) / $13 per unit
= 4,000 units + 1,538 units = 5,538 units (rounded to nearest whole unit)
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This graph shows the relationship between the amount of two products a
company can make. This is also known as a(n):
Product A
7
3
A
VO
39
Product B
OA. opportunity cost graph.
OB. capital investment model.
OC. projected annual growth plan.
OD. production possibilities curve.
QB
65
Answers
The graph which shows the relationship between the amount of two products a company can make is also known as a production possibilities curve. The Option D is correct.
What is the use of production possibilities curve in economics?The Production Possibilities Curve (PPC) is a model that illustrates the tradeoffs involved in allocating resources between the production of two goods. Scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions can all be illustrated using the PPC.
Because the PPF is a curve based on two variables representing resources between two goods, the data can be manipulated to see how scarcity, growth, inefficiency, efficiency, and other factors affect production.
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Shareholders' equity arises primarily from amounts invested by shareholders and amounts ______.
Answers
Shareholders' equity arises primarily from amounts invested by shareholders and amounts retained in the business.
Retained earnings, which represent the accumulated profits or losses of a company, are a significant component of shareholders' equity. Retained earnings are derived from net income or net loss over the life of the business, after accounting for dividends or distributions to shareholders.
Additionally, other comprehensive income, such as gains or losses from changes in the fair value of certain financial instruments, foreign currency translation adjustments, and actuarial gains or losses on pension plans, can also contribute to shareholders' equity.
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Which of the following is an example of telecommuting?
A. Setting up a conference call between two different companies
B. Working from home instead of at the company's main office
C. Scheduling a meeting in the middle of the day
D. Using a computer and slideshow during a meeting
Answers
B. Working from home instead of at the company's main office
Have a great day!
An example of is Working from home instead
Telecommuting is also known as Remote work
Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.
The reason why Organization allows telecommuting are:
Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.
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example of teeter totter vs stairwell model of anthroplogy economics
Answers
Anthropology and economics are two different fields of study. The "teeter-totter model" of economics is a simplified model that assumes that there are only two groups in society: the rich and the poor.
According to this model, the rich get richer while the poor get poorer over time. In contrast, the "stair-step model" of anthropology assumes that there are multiple steps or levels in society and that people can move up or down these steps over time. Here is an example of how the teeter-totter vs stairwell model of anthropology economics works:
Imagine that there are two groups of people in a society:
In the teeter-totter model, the rich get richer while the poor get poorer. Over time, the rich accumulate more and more wealth while the poor become increasingly impoverished. This creates a growing divide between the two groups.In the stair-step model, there are multiple levels of society, and people can move up or down these levels over time. For example, a poor person may start out at the bottom of the ladder but then move up to a higher level by getting a better education or job.
Alternatively, a rich person may fall down the ladder if they lose their job or experience a financial setback. The stair-step model recognizes that there is more mobility in society than the teeter-totter model allows for.Thus, the main difference between the teeter-totter vs stairwell model of anthropology economics is that the former assumes that there are only two groups in society and that they are in a constant struggle, while the latter recognizes that there are multiple levels of society and that people can move up or down these levels over time.
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Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
Consider the below Scenario
"In September, the Environmental Protection Agency (EPA) found
that many VW cars being sold in America had a "defeat device" - or
software - in diesel engines that could
Answers
In September, the Environmental Protection Agency (EPA) discovered that numerous VW cars being sold in America were equipped with a "defeat device" or software in their diesel engines that could manipulate emissions tests.
In September, the Environmental Protection Agency (EPA) conducted an investigation and determined that a significant number of Volkswagen (VW) cars available for sale in the United States were fitted with a "defeat device." This device was essentially a software program embedded in the diesel engines of these vehicles. Its purpose was to deceive emissions tests by manipulating the engine's performance, resulting in lower recorded emissions during testing than what the cars actually emitted in real-world driving conditions.
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to ""synthesize"" means to combine information to create new information. please select the best answer from the choices provided t f
Answers
To "synthesize" means to combine information to create new information. The given statement is true.
Synthesizing is the process of combining or fusing several facts, theories, or notions to produce new information or insights. It entails taking distinct components or sources and combining them in a way that transcends simple summarization. When you synthesize, you evaluate and interpret the data, spot recurring themes or patterns, and create a cogent and thorough understanding.
Critical thinking and creativity are both involved in the higher-level cognitive process of synthesis. Making connections, coming to conclusions, and developing fresh insights or understandings are all part of it; it goes beyond merely repeating or regurgitating information that has already been said.
Thus, the mentioned above-given statement is true.
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Your complete question was as follows.
To synthesize means to form new information by combining parts or elements of other information. Please select the best answer from the choices provided t f
Answer: its true
Explanation:
which of the following is an example of an adjusting entry
Answers
I believe the answer is C.
Explanation:I was looking at examples of adjusting entry and C was the closest one that made more sense. If I am incorrect please correct me. Hope this somehow helped and have a good one!
✍(◔◡◔)An example of an adjusting entry is revenue which has been billed but not paid yet. (A)
What is an adjusting entry?
In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
What is revenue?Revenue is the income of an organization and a substantial nature.
What is a bill?Bill is an invoice that a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products
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Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair? FDA- Food and Drug Administration SEC- U. S. Securities and Exchange Commission CFPB- Consumer Financial Protection Bureau FCC- Federal Communications Commission.
Answers
When a person wants to get a loan from a bank, the agency that ensures they are protected is the CFPB- Consumer Financial Protection Bureau .
The Consumer Financial Protection Bureau:
Was created to protect the public when they seek loans Enforces financial laws aimed at keeping the financial industry fairThe CFPB is therefore the agency that will look into Leah's loan to make sure that she is being treated fairly and is not being charged too much interest.
In conclusion, the agency is the Consumer Financial Protection Bureau.
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C. CFPB- Consumer Financial Protection Bureau