On August 31, Year 1, the general ledger of a company shows a balance for cash of $7,774. Cash receipts yet to be deposited into the checking account total $3,168, and checks written by the academy but not yet processed by the bank total $1,255. The company's balance of cash does not reflect a bank service fee of $18 and interest earned on the checking account of $29. These amounts are included in the balance of cash of $5,872 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, Year 1. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer 1

Answer:

Reconciling Bank balance

Balance per Bank statement                                       5,872

Add: Deposit in transit                                                  3,168

Less: Outstanding checks                                            (1,255)

Bank balance per Reconciliation                                 $7,785

Reconciling Cashbook balance

Balance per General Ledger                                         7,774

Add: Interest Income                                                          29

Less: Bank Service Fee                                                       18

Company Balance per Reconciliation                          $7,785                


Related Questions

Market research can help you strategize your _______ and _______ goals.

Primary research is more _______ than secondary research.

Your first marketing priority is to find out if you can _______ your product or services.

The grouping of people for marketing purposes is called _______.

Once you find out what people want, there’s a need to know the _______ for their choices.

Answers

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

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Amy Auto Parts has inventory that has been recorded on their balance sheet at $156,000. The fact that Amy’s inventory is not reflected at a value that would be realized if it were required to be sold immediately to pay bills is referred as the ___________.

Answers

The fact that Amy’s inventory is not reflected at a value that would be realized if it were required to be sold immediately to pay bills is referred to as the Going concern concept. Thus, option C is correct.

What is inventory?

An inventory will be defined as the part in which the resources will be available with the company or the business. This will help them to define the state in which the organization will either have a raw, in-process, or finished inventory.

In the process of the going concern concept, it will be determined that the accounting principle was to be made sure that the inventory is in the processing feature. In the Amy, Auto parts book the amount of  $156,000 will not be reflected in the books when prepared.

Therefore, option C is correct.

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The question is incomplete, Complete question probably will be  is:

Amy Auto Parts has inventory that has been recorded on their balance sheet at $156,000. The fact that Amy’s inventory is not reflected at a value that would be realized if it were required to be sold immediately to pay bills is referred as the ___________.

materiality concept

liquidity concept

going concern concept

consistency concept

Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $93,000 at the end of 2024 and the company's actuary projects her salary to be $295,000 at retirement. The actuary's discount rate is 7%.

Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

Required:
What is the company's projected benefit obligation at the beginning of 2024 (after 14 years' service) with respect to Davenport?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2024 service.

What is the company's service cost for 2024 with respect to Davenport?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

What is the company's interest cost for 2024 with respect to Davenport?

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2024 (after 15 years' service) with respect to Davenport.

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Answers

1. Projected benefit obligation at the beginning of 2024: $19,170

2. Service cost for 2024: $1,344

3. Interest cost for 2024: $1,344

4. Projected benefit obligation at the end of 2024: $21,909

How did we arrive at our values?

Projected benefit obligation at the beginning of 2024:

PBO = Service years * Final year salary * 1.5%

= 14 years * $93,000 * 1.5%

= $19,170

Service cost for 2024:

Service cost = Service years * Final year salary * 1.5%

= 1 year * $93,000 * 1.5%

= $1,395

Interest cost for 2024:

Interest cost = PBO * discount rate

= $19,170 * 7%

= $1,344

Projected benefit obligation at the end of 2024:

PBO at end of 2024 = PBO at the beginning of 2024 + Service cost + Interest cost

= $19,170 + $1,395 + $1,344

= $21,909

Therefore, the correct answers are as given above

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QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format. ​

Answers

A sample memo based on the given question prompt is given below:

The Memo

Memorandum

To: Mr. Manoto, Campus Manager

From: SRC Office Secretary

Date: April 20th, 2023

Subject: Progress update for Revival Day planning

Esteemed Mr. Manoto,

Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.

Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.

Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.

Yours faithfully,

[Your name]

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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?

Answers

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

is .org a good website?

Answers

Yes they organizations are usually trusted websites

Answer:

If you are talking about reliability-wise, when a ULR ends with .org, it may be a trusted website, it just depends on what the organization is. If you want a more reliable website to use try finding one with .gov at the end of the ULR. These are government moderated websites.

How can i earn from Brainly
Someone is there to help me
Plzzzzzzzzzzzzzzzzzzzzzzzzz

Answers

Answer:

just answer an any questions

so that you can have a points

Explanation:

pa brainlest po

Answer questions if you answer questions you will get 5 points

Monthly
Rent
Quanti
Demanded
(thousands)
Supplied
(thousands)
3
$ 800
$1,000
$1,200
$1,400
$1,600
$1,800
30
25
22
19
17
15
10
14
17
19
21
22
Using the table, what is the quantity of the surplus at $1,800?
A 6
B
5
c) 7
D
8

Answers

Answer:

snap a picture of the question

Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is

A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.

Answers

B I think sorry if wrong :/

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Answers

Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

ClassesCustomersProducts and ServicesAccount

What is QuickBooks Online Accountant?

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

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See full question below

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

A 5-year corporate bond yields 8.00%. A 5-year municipal bond of equal risk yields 6.50%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.)

Answers

Answer:

18.75%

Explanation:

Yield on corporate bonds = 8%

Yield on municipal bonds = 6.5%

Let Tax rate = t

To be indifferent between the two bonds:

6.5% = 8% / (1-t)

(1-t) = 6.5%/8%

-t = 0.8125 - 1

-t = -0.1875

t = 0.1875

t = 18.75%

1. A Company manufactures and sells one product. The product has the following cost and revenue data:

Selling price Per Unit (AED) 70
Variable cost Per Unit (AED) 30

Total fixed expenses per month are as follows:
Expenses types AED
Advertising 327287
Rent 100,000
Heating 100,000

The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. What is the break-even value in Dirhams?

QUESTION 2
1. A Company manufactures and sells one product. The product has the following cost and revenue data
Selling price Per Unit (AED) 88
Variable cost Per Unit (AED) 30

Total fixed expenses per month are as follows:

Expenses types AED
Advertising 372923
Rent 100,000
Heating 100,000



The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. How many units would the company have to sell to have a profit of AED 120,000?


QUESTION 3
1. A Company manufactures and sells one product. The product has the following cost and revenue data:

Selling price Per Unit (AED) 116
Variable cost Per Unit (AED) 39

Total fixed expenses per month are as follows:
Expenses types AED
Advertising 200,000
Rent 100,000
Heating 100,000

The company produced and sold 10,000 units during the month and had no beginning or ending inventories.
a. If the sales increase by 200 units, by how much well the net operating income (profit) increase?

Answers

1. In dirhams, the break-even point is roughly 13,182.18.

2. To make a profit of AED 120,000, the company would need to sell about 11,954.93 units.

3. When sales grow by 200 units, the net operating income rises by 8,000 dirhams.

1. a. We must establish the contribution margin per unit in order to calculate the break-even amount in dirhams. The selling price per unit less the variable cost per unit is the contribution margin.

Selling price per unit minus variable cost per unit equals contribution margin per unit.

Unit contribution margin = 70 - 30

Margin of contribution per unit = 40

When the overall contribution margin meets the total fixed expenses, a break-even point is reached. Let's figure out the break-even point:

Total fixed costs divided by contribution margin per unit yields the break-even amount.

Break-even value is equal to (327287 plus 100,000 plus 100,000) / 40.

Break-even value is equal to 527,287/40.

13,182.18 dirhams are needed to break even.s

2. b. Taking into account the contribution margin per unit and fixed expenses, we can determine how many units the company would need to sell to make AED 120,000 in profit.

Profit is equal to (Contribution margin per unit * Units Sold) - Total annual fixed costs

We may find the number of units by rearranging the formula:

(Number of units) = (Profit + Total fixed expenses) / Contribution margin per unit

(Number of units) = (120,000 + 372,923 + 100,000 + 100,000) / (88 - 30)

(Number of units) = 692,923 / 58

(Number of units) = 11,954.93 units

3. c. We must take into account the contribution margin per unit to determine the increase in net operating income (profit) when sales increase by 200 units.

Net operating income growth equals contribution margin per unit * growth in units

Net operating income growth equals 40 times 200.

8,000 dirhams more in net operating income

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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Refer to the balance sheet above. Lutherʹs quick ratio for 2006 is closest to ________. A) 0.87
B) 1.75 C) 0.88 D) 1.31

Answers

The quick ratio is calculated by dividing current assets less inventories by current liabilities. In this case, it would be (18,000 – 5,000) / 20,000 = 0.87.

What is quick ratio?

The quick ratio (or acid-test ratio) is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its most liquid assets. It is calculated by dividing a company's current assets (cash, cash equivalents, and short-term marketable securities) by its current liabilities. A quick ratio of 1 or higher indicates that a company should be able to cover its short-term liabilities with its most liquid assets. A ratio of less than 1 indicates that the company may not be able to cover its short-term liabilities with its most liquid assets. The higher the ratio, the more capable a company is at covering its current liabilities with its most liquid assets.

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HELPPPP

i need help with the base idea with this or whatever, help

HELPPPPi need help with the base idea with this or whatever, help

Answers

One way to use your earning power to increase your total income is to take on additional jobs or side hustles.

What is jobs ?

A job is a form of work or occupation, typically involving regular responsibilities and remuneration. Jobs are typically found in the public and private sector, with some positions requiring specialized skills or qualifications. Jobs can range from entry-level roles to professional positions, depending on the sector and the individual's experience and qualifications. Many people start their careers in entry-level positions and gradually progress to more senior roles over time. Working in a job can provide individuals with a sense of purpose, satisfaction, and financial security.

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Full-service banks are authorized to conduct business without a license granted by the federal or state government.
A. True
B. False

Answers

Answer:

B

Explanation:

(c) Any person who engages in the business of money transmission without a license as provided herein shall be guilty of a felony and, on conviction thereof, shall be fined not more than $25,000, or imprisoned for not more than 5 years, or both. (July 18, 2000, D.C. Law 13-140, § 24, 47 DCR 3431.) § 26–1024. Promulgation of rules.

I hope this helped.

design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions

Answers

The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.

In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:

1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.

2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.

3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.

4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.

5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.

6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.

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application sick live​

Answers

Huh?


Oooooo

Sir/Mam, Most respectfully, I beg to state that I am not in a condition to come to the school since I am suffering from fever. I have been prescribed by our family doctor o take proper rest for at least [number of days] days. Hence, kindly grant me leave from (start date) to (end-date)
application sick live

cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations then describe each.​

Answers

Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

\(x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\\)

With this you just keep solving the others.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

\(x(x+-5)=2\\x^{2} +.5x=2\\x^{2} +.5x-2=0\\\)

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

57,600 is the area and width will be "x"

\(x(x+200)=57,600\\x^{2} +200x=57,600\\x^{2} +200x-57,600=0\\\)

Henrich is a single taxpayer. In 2021, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places.)
a. All of his income is salary from his employer.
Income tax _______
Net investment income tax ______
Total tax liability __________

b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________

c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________

d. Henrich has $197,500 of taxable income, which includes $51,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.
Income tax _______
Net investment income tax ______
Total tax liability __________

Answers

a. Henrich, a single taxpayer with a taxable income of $455,000 in 2021, all of his income is the salary from his employer.

Income tax $133,794.25

Net investment income tax $0

Total tax liability $133,794.25

b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.

Income tax $133,094.25

Net investment income tax $0

Total tax liability $133,094.25

c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates.

Income tax $116,644.25

Net investment income tax $1,290

Total tax liability $117,934.25

d. Henrich has $197,500 of taxable income, which includes $51,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.

Income tax $29,181

Net investment income tax $1,590

Total tax liability $30,771

Data and Calculations:

a) Taxable income = $455,000

Taxable Income  Income tax

For $209,425 = $47,843

For $245,575 = $85,951.25 ($455,000 - $209,425 x 35%)

Total income tax = $133,794.25

b) Taxable income = $455,000

Less Dividend income = $2,000

Net = $453,000

Taxable Income  Income tax

For $209,425 = $47,843

For $243,575 = $85,251.25 ($453,000 - $209,425 x 35%)

Total income tax = $133,094.25

c) Taxable income = $455,000

Taxable Income  Income tax

For $209,425 = $47,843

For $196,575 = $68,801.25 ($406,000 - $209,425 x 35%)

Total income tax = $116,644.25

Investment Tax:

0% Up to $40,400

15% x $8,600 = $1,290

Total tax liability = $117,934.25

d) Taxable income = $197,500

Taxable Income  Income tax

For $86,375 = $14,751

For $60,125 = $14,430 ($146,500 - $86,375 x 24%)

Total income tax = $29,181

$197,500 of taxable income, which includes $51,000

Investment Tax:

0% Up to $40,400

15% x $10,600 = $1,590

Tax Rates:

$47,843 plus 35% of the amount over $209,425

$14,751 plus 24% of the amount over $86,375

Investment Tax Rates:

0% Up to $40,400

15% from $40,401 to $445,850

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Harrison, Inc. issued 4,000 shares of common stock at $12 per share. If the stock has a par value of $0.50 per share, which of the following will be part of the journal entry to record the issuance? a. Credit to Paid-in Capital in Excess of Par Value for $48,000 b. Debit to Cash for $4,000 c. Debit to Retained Earnings for $46,000 d. Credit to Common Stock for $2,000

Answers

The journals entry to record the issuance  will be  Credit to Common Stock for $2,000

Debit to cash= 4,000 x 12= 48,000

Credit to Common stock = 4,000 × $0.50 = $2,000

Credit to Paid-in capital in excess of par value = 4,000 × ($12 - $0.50) = $46,000

In the financial markets, a share issue is the sale of new stock or shares by a company to investors. Issuance of shares may involve a private sale in which the transaction between investors and the firm takes place directly or publicly, in which case the firm must register the securities with the authorities and the sale takes place in an organized market open to all registered investors, a process more similar to an auction. Two common types of public stocks are initial public offerings (IPOs) and secondary issues of stock (SEO or FO). It is one of the ways that companies finance themselves, that is, they get funds from investors in order to do business.

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What do you think are some of the difficulties of adding 25% more employees for the holiday season what kind of planning do you think would be needed 

Answers

Adding 25% more employees for the holiday season can bring some challenges and difficulties for a company. Here are some potential difficulties and the planning needed to address them:

Hiring and Training: The first challenge is to find and hire new employees, which can be time-consuming and costly. Companies should plan ahead and start the hiring process early to ensure they have enough time to select and train new employees.

Cost: The cost of hiring and training new employees can be high, and companies need to ensure they have enough resources to cover the additional expenses. Companies should create a budget and estimate the cost of hiring and training new employees.

Integration and Teamwork: Integrating new employees into the team and ensuring they work effectively with existing employees can be challenging. Companies should plan team-building activities and create a welcoming environment to help new employees feel part of the team.

Workload and Scheduling: Companies need to plan the workload and schedule the additional employees effectively to ensure they are utilized efficiently. This includes ensuring that there is enough work to keep all employees busy and that the schedule allows for an appropriate level of coverage.

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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers

Answers

Marketers need to focus on creating value for their customers. The Option D.

Why is creating value for customers crucial for marketers?

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

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Organizations refers to _____. demographics communication competition possible customers

Answers

Answer:

Organizations refers to demographics

Explanation:

The University Store, Incorporated is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: University Store, Incorporated Income Statement For the Quarter Ended March 31 Sales $ 800,000 Cost of goods sold 560,000 Gross margin 240,000 Selling and administrative expenses: Selling $ 100,000 Administrative 110,000 210,000 Net operating income $ 30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is: A) $660,000 B) $700,000 C) $180,000 D) $140,000

Answers

Answer:

The University Store

The contribution margin for the University Store for the first quarter is:

= D) $140,000

Explanation:

a) Data and Calculations:

University Store,

Incorporated Income Statement

For the Quarter Ended March 31

Sales $ 800,000

Cost of goods sold 560,000

Gross margin 240,000

Selling and administrative expenses:

Selling $ 100,000

Administrative 110,000 210,000

Net operating income $ 30,000

Selling price per book = $40.00

Variable selling expenses per book = $3.00

Variable administrative expenses = 5% of sales

Sales Revenue        $800,000

Cost of goods sold   560,000

Selling expense          60,000

Admin. expense         40,000

Total variable costs 660,000

Contribution margin 140,000

George believes he could be a savvy investor, he wants to invest in stocks but he is confused on what stocks to choose and which is better. George decided to ask you for your opinion on which is better? Common or preferred stocks. Why?

Answers

An ownership share in a firm is provided to investors by common stock. Many corporations only produce common stock, and common stock trades on stock markets much more frequently than preferred stock. Compared to regular stock, preferred stock frequently functions more like a bond. Dividend yields on preferred stock are frequently substantially greater than dividend yields on ordinary stock and thus are fixed at a specific rate, whereas dividends for common stock are subject to adjustment or even elimination. The price at which a business will finally redeem preferred shares is also fixed.

What are Common stock and Preferred Stock?

Common stock is a type of investment that represents ownership in an organization. Common stock owners choose the board members and cast ballots for corporate rules. Common stock is a type of financial instrument that represents ownership in a company.

A type of stock called preferred stock combines the features of bonds and equities. Like bonds, preferred stock pay dividends in cash and frequently offers better yields than bonds while being less risky than common stock.

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The type of listing agreement that provides for the payment of a commission to the broker even if the owner himself makes the sale without the aid of the broker is called a(n)

a.
open listing

b.
option listing

c.
exclusive-agency listing

d.
exclusive-right-to-sell listing

Answers

C) exclusive agency listing


What happens when the price of a good increases

Answers

Answer:

the value of good increases (goes up)

Who will be the first Trillonare in this world ?

Answers

The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.

According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.

However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.

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Accounting: Identifying adjusting entries with explanations?
For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.)

A. To record receipt of unearned revenue
B. To record this periods earning of prior unearned revenue
C. To record payment of an accrued expense
D. To record receipt of an accrued revenue
E. To record an accrued expense
F. To record an accrued revenue
G. To record this periods use of a prepaid expense
H. To record payment of a prepaid expense
I. To record this periods depreciation expense


1. Rent Expense Dr: $2,000
Prepaid Rent Cr. $2,000

2. Interest Expense Dr. $1,000
Interest Payable Cr. $1,000

3. Depreciation Expense Dr. $4,000
Accumulated Depreciation Cr. $4,000

4. Unearned Professional Fees Dr. $3,000
Professional Fees Earned Cr. $3,000

5. Insurance Expense Dr. $4,200
Prepaid Insurance Cr. $4,200

6. Salaries Payable Dr. $1,400
Cash Cr. $1,400

7. Prepaid Rent Dr. $4,500
Cash Cr. $4,500

8. Salaries Expense Dr. $6,000
Salaries Payable Cr. $6,000

9. Interest Receivable Dr. $5,000
Interest Revenue Cr. $5,000

10. Cash Dr. $9,000
Accounts Receivable (from consulting) Cr. $9,000

11. Cash Dr. $7,500
Unearned Professional Fees Cr. $7,500

12. Cash Dr. $2,000
Interest Receivable Cr. $2,000

Answers

Answer:

1.. Rent Expense Dr: $2,000

Prepaid Rent Cr. $2,000

G

2. Interest Expense Dr. $1,000

Interest Payable Cr. $1,000

E

3. Depreciation Expense Dr. $4,000

Accumulated Depreciation Cr. $4,000

I

4. Unearned Professional Fees Dr. $3,000

Professional Fees Earned Cr. $3,000

B

5. Insurance Expense Dr. $4,200

Prepaid Insurance Cr. $4,200

G

6. Salaries Payable Dr. $1,400

Cash Cr. $1,400

C

7. Prepaid Rent Dr. $4,500

Cash Cr. $4,500

H

8. Salaries Expense Dr. $6,000

Salaries Payable Cr. $6,000

E

9. Interest Receivable Dr. $5,000

Interest Revenue Cr. $5,000

F

10. Cash Dr. $9,000

Accounts Receivable (from consulting) Cr. $9,000

D

11. Cash Dr. $7,500

Unearned Professional Fees Cr. $7,500

A

12. Cash Dr. $2,000

Interest Receivable Cr. $2,000

D

Explanation:

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

When revenue is earned but cash is yet to be received,

Debit Accounts receivable

Credit Revenue account

When cash is received,

Debit Cash account  

Credit Accounts receivable.

When insurance is paid in advance, the entries required are  

Debit Prepaid Insurance

Credit Cash account

As time elapses and the insurance expires,

Debit Insurance expense

To record depreciation of an asset, Debit depreciation expense account , credit Accumulated depreciation expense account.

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