On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Jan. 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $30,000. 2 Paid rent on office and equipment for the month, $2,450. 3 Purchased supplies on account, $2,200. 4 Paid creditor on account, $850. 5 Earned fees, receiving cash, $14,940. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $470. 7 Paid office salaries, $2,000. 8 Determined that the cost of supplies used was $1,100. 9 Withdrew cash for personal use, $3,200. Required: 1. Journalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. 2. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepare an unadjusted trial balance as of January 31, 2019. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. 5. Determine the increase or decrease in owner’s equity for January.

Answers

Answer 1

Answer:

Required 1.

Jan 1

Cash $30,000 (debit)

Capital $30,000 (credit)

Jan 2

Rent Expense $2,450 (debit)

Cash $2,450 (credit)

Jan 3

Supplies  $2,200 (debit)

Accounts Payable $2,200 (credit)

Jan 4

Accounts Payable $850 (debit)

Cash $850 (credit)

Jan 5

Cash $14,940 (debit)

Fees Earned $14,940 (credit)

Jan 6

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Cash $2,050 (credit)

Jan 7

Salaries Expenses $2,000 (debit)

Cash $2,000 (debit)

Jan 8

Supplies Expense $1,100 (debit)

Supplies $1,100 (credit)

Jan 9

Capital $3,200 (debit)

Cash $3,200 (credit)

Required 2

Cash  = $ 34,390 (debit)

Capital  = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies   = $ 1,100 (debit)

Accounts Payable  = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Required 3.

                                           Debit          Credit

Cash                                $ 34,390

Capital                                                $ 26,800

Rent Expense                   $2,450

Supplies                            $ 1,100

Accounts Payable                                $ 1,350

Fees Earned                                        $14,940

Automobile Expenses      $1,580

Miscellaneous expenses    $470

Salaries Expenses           $2,000

Supplies Expense              $1,100

Totals                               $43,100      $43,100

Required 4.

a. Amount of total revenue recorded in the ledger  = $14,940

b. Amount of total expenses recorded in the ledger = $7,600

c. Amount of net income for January = $7,340

Required 5.

Increased by $4,140

Explanation:

Calculation of T - Account Balances

Cash $30,000 - $2,450 - $850 + $14,940 - $2,050 - $2,000 - $3,200 = $ 34,390 (debit)

Capital $30,000 - $3,200 = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies  $2,200 - $1,100 = $ 1,100 (debit)

Accounts Payable $2,200 - $850 = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Calculation of  total expenses recorded in the ledger.

Rent Expense                   $2,450

Automobile Expenses      $1,580

Miscellaneous expenses    $470

Salaries Expenses           $2,000

Supplies Expense              $1,100

Total                                  $7,600

Calculation of net income for January.

Sales Revenue                 $14,940

Less Expenses                ( $7,600)

Net Income / (Loss)          $7,340

Calculation of increase or decrease in owner’s equity for January.

Net Income / (Loss)          $7,340

Less Drawings                 ($3,200)

Change                             $4,140

Therefore, Owners Equity Increased by $4,140


Related Questions

FILL IN THE BLANK The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce ______.

Answers

The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce a mission statement, goals, and objectives.

What is the purpose of the situational analysis in the planning process?

The situational analysis is a critical first step in the planning process because it provides planners with a comprehensive understanding of the current environment and context in which the planning effort will take place. The purpose of the situational analysis is to gather, analyze, and synthesize relevant data and information about the planning issue or problem. This data and information may include demographic and economic data, stakeholder perspectives, industry trends, and other relevant data sources. The situational analysis provides a foundation for the development of a mission statement, goals, and objectives, which are essential components of a strategic plan. Without a thorough situational analysis, the planning effort may be misdirected and fail to achieve its intended outcomes.

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The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce alternative goals.

What is situational analysis?

In strategic management, situation analysis (or situational analysis) refers to a collection of methods that managers use to analyse an organization's internal and external environment to understand the organization's capabilities, customers, and business environment. The situation analysis can include several methods of analysis such as the 5C analysis, SWOT analysis and Porter's five forces analysis.

The situation analysis looks at both the macro-environmental factors that affect many firms within the environment and the micro-environmental factors that specifically affect the firm. The purpose of the situation analysis is to indicate to a company about the organizational and product position, as well as the overall survival of the business, within the environment. Companies must be able to summarize opportunities and problems within the environment so they can understand their capabilities within the market.

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Most people are aware of someone at school or at work with whom they don’t really associate. Pick someone in your school that you may have classes with but don’t really know. Write down what you think you know about him or her. Then interview that person and write a response about what you have learned. Write an additional paragraph at the end discussing how taking the time to get to know someone can make a difference.

Answers

Answer: Taking your personal time to let someone know makes you know a lot about him, you will also come to know about some good relevant things along with things with which you are not comfortable, you just have to focus on the good portion.

Explanation: Here is a real-life experience of mine that I am sharing. In my school days, I have a friend let his name is x. I have bad thoughts about him because I don't know him personally, just sometimes we usually talk about academics. I have so many bad thoughts about him. But things changed when I personally came to know him. In fieldwork he is in my team, so we have to work as a team and have a good coordination with each other. I started to know him from deep inside, how he thinks about others, how he thinks about himself along with how he thinks about me. Things went too far we both became good friends, he shared many things to me. He said about his role in part-time job which he does after his school or his school breaks and said to me to also work with him. I also learned about making graphical designs in which he was an expert. He always motivated me to do good things. But as I said there will be also bad portions, I am not mentioning those bad portions, but trust me everyone has a bad portion just ignore that portion and don't judge him for that.

Knowing someone can make you build a strong character you came to know about many such things which you don't even know, but he or she does. You came to know about skills that you can also implement on yourself.

Which option identifies the concept represented in the following scenario? Winn-Dixie has acquired the nine Gooding's grocery stores in Florida.
- vertical consolidation
- horizontal consolidation
- oligopolistic consolidation
- monopolistic consolidation​

Answers

Answer:

oligopolistic consolidation

Answer:

maybe vertical

Explanation:

35
BSBHRM614_Learner Workbo...
TION
A
Report Template (completed)
You will play the role of Zane O'Brien to research and analyse future
workforceneeds at CBSA.
Based on the email, review the staff audit results on staff turnover and
demographics, the summary of the Strategic Plan which contains the strategic
objectives of the organisation, and the organisation's policies and procedures
including the BD001 Business Plan. Then using the Report Template, develop
andsubmit a report where you are to:
1. Detail workforce trend analysis of the organisation. You should provide:
an overview of the departments that CBSA uses
an overview of the current number of employees including their
employmenttype (full-time, part-time, etc.)
the services CBSA currently offers and those that it intends to offer
(.
■ analysis of the demographics and education level of the employees
analysis of staff turnover from the last year
the number of new human resources required for the coming year.
2. Detail the future workforce needs by outlining:
■ the job role
the number of employees required for the job role
■ the skills required for the job role
what option(s) should be used to source the job role.
3. Detail the technology considerations by outlining:
the current technology used by the organisation
any different technology that could be implemented to increase
productivitywhich may impact on job roles/design/skills.
4. Detail legislation and industrial considerations by outlining:
an overview of the major policies and procedures used by the
organisationand the legislation they relate to
research and detail any recent or impending legislation or
industrialchanges that may affect the organisation in some
capacity.

Answers

This report has provided an overview of the workforce needs at CBSA, including workforce trend analysis, future workforce needs, technology considerations, and industrial and legislative considerations.

What informs the analysis of the workforce needs at CBSA?

Report on Workforce Needs Analysis at CBSA

Executive Summary

The purpose of this report is to provide a detailed analysis of the workforce needs at the Canadian Border Services Agency (CBSA). This report outlines the current workforce trends, future workforce needs, technology considerations, and industrial and legislative considerations at CBSA. This report also provides recommendations on how to address the identified workforce gaps.

Workforce Trend Analysis

1.1 Overview of Departments at CBSA

CBSA operates several departments that are responsible for various services such as border control, immigration, customs, and revenue collection. These departments include the Operations Branch, the Intelligence and Enforcement Branch, the Corporate Affairs Branch, and the Programs Branch.

1.2 Overview of Current Employees

As of 2022, CBSA had 14,000 employees working across Canada. The employment types include full-time, part-time, and seasonal workers.

1.3 Services Offered by CBSA

CBSA offers several services, including border control, immigration, customs, and revenue collection. The agency also provides assistance to other government departments and agencies.

1.4 Analysis of Demographics and Education Level of Employees

CBSA has a diverse workforce, with employees from different cultural backgrounds and education levels. The majority of employees hold a high school diploma, while some have a college or university degree.

1.5 Analysis of Staff Turnover

The staff turnover rate at CBSA for the last year was 7.5%, which is slightly higher than the average for the public sector. This rate is mainly due to retirements and transfers to other government agencies.

1.6 Number of New Human Resources Required

Based on the projected workload and the expected retirement of some employees, CBSA will require approximately 500 new human resources in the coming year.

Future Workforce Needs

2.1 Job Roles and Skills Required

CBSA will need to hire employees for several job roles in the coming year. These roles include border services officers, intelligence officers, and revenue agents. The required skills for these roles include critical thinking, problem-solving, communication, and interpersonal skills.

2.2 Number of Employees Required

CBSA will need to hire approximately 400 border services officers, 50 intelligence officers, and 50 revenue agents in the coming year.

2.3 Sourcing Options

To source these job roles, CBSA will need to consider several options, including internal promotions, external hiring, and partnerships with educational institutions.

Technology Considerations

3.1 Current Technology Used

CBSA uses several technologies, including advanced screening systems, electronic surveillance systems, and border management systems.

3.2 Different Technology for Increased Productivity

CBSA can consider implementing new technologies such as artificial intelligence, automation, and predictive analytics to improve productivity and enhance job roles and skills.

Legislation and Industrial Considerations

4.1 Major Policies and Procedures and Related Legislation

CBSA has several policies and procedures that relate to its operations, including the Access to Information Act, the Privacy Act, and the Canadian Charter of Rights and Freedoms.

4.2 Recent or Impending Legislation or Industrial Changes

CBSA will need to monitor recent and impending changes in legislation and industrial changes such as trade agreements, border security measures, and immigration policies.

Recommendations

Based on the analysis of the workforce needs at CBSA, the following recommendations are proposed:

CBSA should develop a talent management strategy to retain employees and prepare for future retirements.

CBSA should consider partnerships with educational institutions to develop and train new employees for critical job roles.

CBSA should explore the use of new technologies such as artificial intelligence, automation, and predictive analytics to enhance productivity and improve job roles and skills.

Conclusion

In conclusion, this report has provided an overview of the workforce needs at CBSA, including workforce trend analysis, future workforce needs, technology considerations, and industrial and legislative considerations. The recommendations outlined in this report will help CBSA to address workforce gaps and maintain a talented and engaged workforce to provide high-quality services to the public.

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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?

Answers

The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.

It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.

As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.

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Which question can help us avoid a decision that would injure our self-esteem?

Multiple Choice
a. Is it legal?
b. Is it balanced?
c. How will it make me feel about myself?
d. How can I avoid taking the blame?

Answers

The question that can help us avoid a decision that would injure our self-esteem would be "How can I avoid taking the blame" Option D

This is further explained below.

What is self-esteem?

Generally, Confidence in one's own capabilities or worth is an essential component of healthy self-esteem.

Beliefs about oneself and one's emotional states, such as victory, despair, pride, and shame, are all included in what is referred to as self-esteem.

In conclusion, Asking ourselves, "How can I avoid accepting the blame?" is a question that may guide us away from making a choice that would be detrimental to our sense of self-worth. The D Option

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A down payment is:
O
a) The monthly payment you make towards your mortgage.
Ob) Part of your closing costs.
c)
The initial sum of money that you pay toward your house.
A homeowner's final mortgage payment.
d)
Submit

Answers

Answer:

C

Explanation:

Down payment is something that you pay upfront before getting anything.

of the qbo products and services types, which of the following is considered inventory? a product a company sells and tracks the quantity.

Answers

The product that a company sells and tracks the quantity is considered an inventory item in QuickBooks Online (QBO).

What is an inventory item list?

An inventory list is a detailed and itemized record of everything a business has on hand, whether for sale, use, or both. Raw materials, work-in-progress items, and finished goods can all be included. This type of list aids in understanding item availability as well as what the company sells and has available to sell.

Inventory items are those that your company keeps on hand; for example, if you own an electronics store, you can keep track of how many of a particular television model you have on hand. Non-inventory items are items that are not in stock and must be special ordered or drop-shipped to your customer.

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At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.


Machine A Machine B Machine C
Invoice price paid for asset $20,400 $37,300 $22,100
Installation costs 2,300 2,000 600
Renovation costs prior to use 2,900 2,500 1,700

By the end of the first year, each machine had been operating 5,400 hours.

2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Machine Life Residual Value. Depreciation Method
A 9 years $1,300 Straight-line
B 77,000 hours. 3,300 Units-of-production
C 8 years 3,100 Double-declining-balance

CREATE A JOURNAL ENTRY WORKSHEET

Record the depreciation expense for year 1

Answers

Answer: Debit Depreciation Expense $11,714 Credit Accumulated Depreciation on : Machine A $3,400, Machine B $2,500 Machine C $5,814

Explanation:

A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?

Answers

The broker will treat real estate  as deposits as liquidated damages.

What is demand?

Demand is the consumer's intention to buy a specific product or service.

The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.

Thus, the buyer demand for money has void.

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it’s busy at the bakery counter and a loyal customer/member stops you to chat as he’s talking you notice another customer/member nearby who needs help.

Answers

Working in a bakery, a place that is always busy means having to multitask frequently. It's typical for a regular customer to stop by and ask how things are going or how the day is going. While they might mean well, it's vital to be alert and conscious of any other customers who may require assistance.

If you are working the bakery counter and one of your regulars, who is also a loyal customer/member, stops you for a chat, it's your duty to be courteous and give them a listening ear. You don't want to come across as rude or dismissive of them, especially if they are a regular customer. You must, however, also be attentive to your surroundings and the needs of other customers.

During a conversation, you must keep an eye on the other customers who are waiting in line or who may have a question. Take the time to listen to your customer, but remain aware of your surroundings. Maintain eye contact with the customer who is talking to you while also keeping an eye on the other customers in line.

If you notice that the other customer needs assistance, such as if they are raising their hand, looking around, or seeming agitated, you should politely interrupt the conversation and assist them. You can tell the customer that you are eager to help them but that you need to address the needs of the other customer first. They will understand and appreciate the honesty and effort.

In conclusion, it's critical to maintain a balance between showing concern for regular customers and being attentive to the needs of other customers. Being courteous and attentive to your customers is critical in the bakery business, as it can make or break your reputation and business.

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How does a mechanic's lien assist creditors?

Answers

If the debtor continues not to pay the underlying debt, the creditor can foreclose on the debtor's real property to collect the amount due.

Suppose Dr. Chu decided to open a donuts shop call Dr. Donuts. Dr. Chu is able to source flours at $2 per pound (making 40 donuts), sugars at $5 per pound (making 100 donuts), and butter at $1 per pound (making 100 donuts) While the donuts are not very tasty, Dr. Chu believes he can sell a lot of them by pricing them at $0.36 per donuts. Assuming his rent is $1800 per month, corporate tax of $100 per month, and draws a salary of $200 a day (use 30 days in a month), how many donuts must Dr. Chu sell in a month to break-even.

Answers

Answer:

31,600 donuts

Explanation:

Break even point is the level of activity where a company makes neither a profit nor a loss.

Break even point (units) = Fixed Costs ÷ Contribution per unit

where,

Contribution per unit = Sales per unit - Variable Costs per unit

Step 1 : Sales per donut

Sales per donut  = $0.36

Step 2 : Variable Cost per Donut

Variable Cost per Donut :

Flours ($2 ÷ 40)        $0.05

Sugars ($5 ÷ 100)     $0.05

Butter ($1 ÷ 100)        $0.01

Total                           $0.11

Step 3 : Fixed cost per month

Rent                               $1,800

corporate tax                   $100

Salary ($200 x 30)       $6,000

Total                              $7,900

therefore,

Break even point = $7,900 ÷ ($0.36 - $0.11)

                             = 31,600 donuts

Conclusion :

Dr. Chu sell 31,600 donuts in a month to break-even.

Zachary Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Zachary expects sales in January year 1 to total $330,000 and to increase 15 percent per month in February and March. All sales are on account. Zachary expects to collect 68 percent of accounts receivable in the month of sale, 20 percent in the month following the sale, and 12 percent in the second month following the sale.
Required:
a. Prepare a sales budget for the first quarter of year 1.

b. Determine the amount of sales revenue Zachary will report on the year 1 first quarterly pro forma income statement.

c. Prepare a cash receipts schedule for the first quarter of year 1.

d. Determine the amount of accounts receivable as of March 31, year 1.

Answers

a. Year 1's first quarter sales budget: Month January February March Total Sales $330,000 $379,500 $436,425 Sales revenue for the first quarter of the year 1 pro forma income statement: $1,145,925

Prepare a sales budget for the first quarter of year 1.

Revenue January February March Total Sales $330,000 $379,500 $436,425 $1,145,925

Total $330,000 $379,500 $436,425 $1,145,925

c. The cash receipts plan for the first quarter of year 1 is as follows:

Month January February March Total Sales $330,000 $379,500 $436,425 $1,145,925 Collection $224,400 $145,725 $121,174 $491,299

Total amount of money: $224,400, $370,125, $491,299, $1,085,824

d. Receivables as of March 31 of the first year:

Month December January February March Total Opening balance$0 $49,500 $142,425 $191,925

Credit sales$330,000 $379,500 $436,425 $1,145,925

Less: accumulation$145,725 $121,174 $224,400 $491,299 Closing balance$105,600 $283,275 $457,676 $846,551

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ECON 100 01 Question:

In the economy of Mungo, there is a person called Ike. Ike has a red income of 82 and a blue income of 25. Recall that blue prices are 1 bcu (blue currency unit) per unit of ambrosia and 1 bcu per unit of bubble gum. Red prices are 2 rcus (red currency units) per unit of ambrosia and 6 rcus per unit of bubble gum. You have to pay twice for what you buy, once in red currency, once in blue currency. If Ike spends all of his blue income but not all of his red income he must consume (This is a “tough” question! Don’t spend more than 30 minutes trying to figure it out)

A. at least 8 units of bubble gum.
B. at least 17 units of ambrosia.
C. exactly twice as much bubble gum as ambrosia.
D. at least 13 units of bubble gum.
E. equal amounts of ambrosia and bubble gum

Answers

The correct answer is D. Ike must spend all of his blue income, but not all of his red income. Since blue prices are 1 bcu per unit of ambrosia and 1 bcu per unit of bubble gum, he must spend 25 bcus of his blue income.

What is income?

Income is money or other types of compensation received in exchange for goods or services. It can come from a variety of sources, including wages from an employer, profits from a business, dividends from investments, and rent from a property. Income can also be generated from government benefits and pensions, and from annuities. Income is an important factor in determining an individual or family's standard of living and can be used to measure the economic well-being of a country or region.

Since red prices are 2 rcus per unit of ambrosia and 6 rcus per unit of bubble gum, he must spend at least 12 rcus of his red income for every 6 bcus he spends of his blue income. Therefore, Ike must spend at least 13 units of bubble gum to spend all of his blue income, but not all of his red income.

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Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2021, Carlson had three cars in inventory, as follows:

Car ID Cost
203 $78,000
207 78,000
210 81,000

During 2021, each of the three autos sold for $108,000. Additional purchases (listed in chronological order) and sales for the year were as follows:

Car ID Cost Selling Price
211 $78,000 $108,000
212 78,000 111,000
213 79,500 not sold
214 81,000 114,000
215 84,000 118,500
216 82,500 not sold
217 87,000 123,000
218 84,300 124,500
219 90,000 not sold

Required:
Calculate 2021 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method.

Answers

The Carlson Auto Dealers Inc.'s 2021 cost of ending inventory is $252,000 based on the specific identification inventory method.

2. The Carlson Auto Dealers Inc.'s Cost of Goods Sold for 2021 is $729,300 using the specific identification inventory method.

Data and Calculations:

Beginning Inventory of cars:

Car ID        Cost

203         $78,000

207           78,000

210            81,000

Total = $237,000

Cost of Ending Inventory:

Car ID        Cost      

213          79,500      not sold

216          82,500       not sold

219         90,000       not sold

Total  $252,000

Cost of Goods Sold:

Car ID                  Cost    

203                    $78,000

207                      78,000

210                       81,000

211                       78,000

212                      78,000  

214                      81,000

215                     84,000  

217                     87,000

218                    84,300

Total Cost = $729,300

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how long can a driver be on the road before he has to take a break

Answers

Answer:

A driver must take a 30 minute break for every 6-8 hours on the road.

Explanation:

How to get a series 7 license

Answers

Take and Pass SIE exam

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Study for series 7 exam

Pass it :)

supposing mr john started business with 1,000,000 report financial 70,000 machineries 50,000 goods 500,000 rentage 200,000 what is the capital of the business? supposing Mr John took away 100,000 for his personal use it is called what? according to business entity capital is called what? according to business entity concept what are the assets of the company ​

Answers

ANSWER:

An accounting transaction is a business activity or event that causes a measurable change in the accounting equation. An exchange of cash for merchandise is a transaction. Merely placing an order for goods is not a recordable transaction because no exchange has taken place. In the coming sections, you will learn more about the different kinds of financial statements accountants generate for businesses.

In the previous section we described specific types of accounts that business activities fall into, namely:

Assets (what it owns)

Liabilities (what it owes to others)

Equity (the difference between assets and liabilities or what it owes to the owners)

These are the building blocks of the basic accounting equation. The accounting equation is:

ASSETS = LIABILITIES + EQUITY

For Example:

A sole proprietorship business owes $12,000 and you, the owner personally invested $100,000 of your own cash into the business. The assets owned by the business will then be calculated as:

$12,000 (what it owes) + $100,000 (what you invested) = $112,000 (what the company has in assets)

An Ethiopian company decides to launch some of its fashion accessories into the European market. Its marketing director is about to begin the process of creating a marketing plan for this new initiative. Which of the following is the first step the director should take before beginning to plan the marketing mix details?
A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.
B. First the director needs to research, develop, and create various products to launch into the international market.
C. First the director must decide which promotional tactics to use in particular markets to launch products to consumers and businesses.

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Answer:

A. First the director must define the company's target markets and understand which of its products fit with each market's businesses and consumers.

Explanation:

After taking the decision of entering the European Market, the Ethiopian company marketing director should first determine which of the company's products could be commercialized in Europe, and after, the marketing director should narrow the market even more: determining the target customer demographics of the European Market, for example: old people, young people, women, men, college-educated people, non-college educated people, northern Europeans, Southern Europeans, etc.

business studies grd 12 presentation on business environment​

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The business environment is the set of internal and external factors that affect the operations and success of a business. It includes factors such as economic conditions, political and legal systems, technological advancements, social and cultural factors, and competitive forces.

Understanding the business environment is important for businesses because it enables them to identify opportunities and threats that may impact their operations.

Businesses can then use this information to make informed decisions about their strategies and plans.

For example, a business operating in a highly competitive market may need to focus on product differentiation or cost reduction strategies to stay competitive.

Similarly, a business operating in an unstable economic environment may need to adjust its pricing or marketing strategies to remain viable.

In summary, the business environment is a complex and dynamic system that affects businesses in various ways, and understanding it is critical for success in the business world.

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Would it be wise for a young company that is growing quickly but still hasn’t achieved profitability to attempt to issue bonds as a way to expand its working capital?

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Answer:

It would not be wise for the young company to attempt to issue a bond as a way of expanding its capital. This is because, the company still has to be able to find a balance between its expenditure and income before it can think towards expansion. If this is not met, they  might run into series of financial debts while trying to expand.

Explanation:

At the end of the car model year, what source of financing for a new car would probably have the best terms?​​​​​​​ Select only one answer.
1.) a collateral loan from a bank
2.) a collateral loan from the car company
3.) a home equity loan
4.) revolving credit line

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The source of financing for a new car would probably have the best terms is a collateral loan from a bank. Thus, option first is correct.

Why do lenders ask for collateral while lending?

Collateral is an asset or kind of tangible wealth owned by the borrower, such as a home, cattle, or automobile. Banks make loans to borrowers on the basis of these assets. The collateral acts as a kind of security for the lender.

Banks are one of the most common forms of automobile finance, with around 40% of all car purchasers obtaining a loan from them. Because each bank analyzes risk differently, interest rates might vary significantly.

A bank collateral loan would most likely offer the finest conditions for financing a new automobile. As a result, option one is correct.

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Answer:

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donald buys a subscription to a national magazine that gives him two years for the price of one year. after the two years expire, donald continues to receive the magazine for six more months, although he has not subscribed again. the magazine then sends donald a bill for the magazines he received after the expiration of his subscription. donald:

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Option (a), The publication then sends Donald a charge for the publications he got after his subscription expired. Donald is not obligated.

The meaning of a cancelled subscription

A subscription that has expired is one that has expired. When a customer chooses to stop paying for anything at the next payment date or at the end of the current term, that decision is referred to as canceling a subscription.

What is the grace period for subscriptions?

If the user is recovered during the first 28 days, the current billing date is retained. If the subscriber is retrieved during this grace period, neither the subscriber's paid service days nor your subscription revenue will be impacted.

Subscriptions would they be active if you get a new card?

If you already have a recurring charge and switch to a different payment method, the repeating charge is not immediately transferred to the new card. To switch the payment method for your membership, you must stop your current recurring payment and begin a new subscription with your new card.

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Donald buys a subscription to a national magazine that gives him two years for the price of one year. after the two years expire, Donald continues to receive the magazine for six more months, although he has not subscribed again. the magazine then sends Donald a bill for the magazines he received after the expiration of his subscription. Donald:

(a) is not obliqated

(b) is obligated

Calculating EAC Gold Star Industries is contemplating a purchase of computers. The firm has narrowed its choices to the SAL 5000 and the DET 1000. Gold Star would need 10 SALs, and each SAL costs $3,750 and requires $500 of maintenance each year. At the end of the computer’s eight-year life, Gold Star expects to sell each one for $500. Alternatively, Gold Star could buy seven DETs. Each DET costs $5,250 and requires $700 of maintenance every year. Each DET lasts for six years and has a resale value of $600 at the end of its economic life. Gold Star will continue to purchase the model that it chooses today into perpetuity. Gold Star has a 34 percent tax rate. Assume that the maintenance costs occur at year-end. Depreciation is straight-line to zero. Which model should Gold Star buy if the appropriate discount rate is 11 percent?

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A decision for Gold Star should be made based on the EAC calculation since the SAL 5000 model has a lower EAC than the DET 1000 model (-$10,990.95 vs. -$12,219.95), making it the better option.

Calculation are intentional mathematical operations that change one or more inputs into one or more outputs or results.

The term is used in a variety of circumstances, from the very exact arithmetical calculation of Gold Star using an algorithm to the  decision vague heuristics of calculating a strategy in a competition, or calculating the chances of a successful connection between two persons.

A simple algorithmic calculation is multiplying 7 by 6, for instance. Making use of mathematical models

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How might the future economic concerns of other countries differ from those of the United States?

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Answer:

The future economic concerns of other countries will differ from those of the United States, mainly according to the degree of economic development of each nation. Thus, for example, countries like Germany or Canada, which have an economic development similar to that of the United States, will have economic and socioeconomic concerns quite similar to the United States (rational use of natural resources, redistribution of income, efficient allocation of public resources, etc.).

On the other hand, less developed nations such as those of Africa, Haiti or Cuba, for example, will have different concerns, such as guaranteeing access to water, food and sanitation for all their inhabitants, or generating foreign investments that provide jobs for their residents.

Gabby works for an online birthday-celebration company. The company’s key business is to receive orders to send birthday cakes, cards, and flowers to people who have their birthdays on particular days. Therefore, the company obviously maintains a huge database of customers and most of their personal details. Gabby’s colleague Marcos uses some of this information to date a few female single customers. Is the behavior of Marcos appropriate per any standards? A. Yes, he was only innocuously dating the female customers. B. Yes, he is not making any business out of the information. C. No, because per the FTC regulations, all personal details of customers should be protected. D. No, because using personal information of the same gender is permissible, but not of the opposite gender.

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C. No, because as per the FTC regulations, all personal details of customers should be protected.

10. The directors of KOKO Limited issued 100,000 ordinary shares of no-par value for GH¢10 each payable as follows: on application GH¢3 and on allotment GH¢7. All issued shares were fully subscribed and monies were paid. How much was paid on application? GH 1,000,000 B. GH 300,000 C. GH 400,000 D. GH 700,000​

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The correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

The total amount raised from the issuance of 100,000 ordinary shares is calculated by multiplying the number of shares by the issue price per share. In this case, the issue price per share is GH¢10. Therefore, the total amount raised would be 100,000 shares multiplied by GH¢10, which equals GH¢1,000,000. According to the information provided, the amount paid on application iGH¢3 per share. To determine the total amount paid on application, we multiply the amount paid per share by the total number of shares. Therefore, GH¢3 multiplied by 100,000 shares equals GH¢300,000. Therefore, the correct answer is B. GH¢300,000 was paid on application for the 100,000 ordinary shares issued by KOKO Limited.

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Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with
an apprenticeship in the student's chosen trade to provide hands-on training.
How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4
O It leads to less hands-on training and less difficulty finding a job.
O It creates less debt from tuition and the ability to enter the workforce sooner.
O It leads to more hands-on training and more difficulty finding a job.
O It creates more debt from tuition, and trade school takes longer to complete.

Answers

Going to a trade school rather than a university can positively affect the long-term financial goals of an individual by Option B. It creates less debt from tuition and the ability to enter the workforce sooner.

One of the primary advantages of choosing a trade school is the lower cost of tuition compared to a traditional university. Trade schools typically have lower tuition fees, making them more affordable for many students. This translates to less debt burden, allowing individuals to start their careers with a smaller financial obligation.

Additionally, trade school programs are typically shorter in duration, typically taking two years to complete. This means that students can enter the workforce and start earning sooner compared to the longer duration of university programs. By gaining early entry into the workforce, individuals have the opportunity to start earning and saving money earlier, contributing to their long-term financial goals.

Furthermore, trade school programs often emphasize hands-on training and practical skills development. This prepares students directly for their chosen trade and enhances their employability. They gain specific, job-related skills that are in demand, which can make it easier for them to find employment in their field upon completion of the program.

In contrast, attending a university often involves higher tuition costs, longer program durations, and a broader education rather than a focused trade-specific curriculum. While universities provide valuable knowledge and opportunities for certain careers, trade schools offer a more cost-effective and streamlined path for individuals seeking hands-on training and immediate entry into the workforce. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Many graduates choose to go to a community college or a trade school after graduation to save money on tuition. Typically, a trade school program takes two years to complete and ends with an apprenticeship in the student's chosen trade to provide hands-on training. How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual? IE.1.4

A. It leads to less hands-on training and less difficulty finding a job.

B. It creates less debt from tuition and the ability to enter the workforce sooner.

C. It leads to more hands-on training and more difficulty finding a job.

D. It creates more debt from tuition, and trade school takes longer to complete.

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