On January 2, 2019, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $19.00 per share, and represents a 10% ownership stake. Big Bad Company made $45,000 of net income in 2020, and paid dividends to All Good Company of $97,500 on December 15, 2020. On December 31, 2020, Big Bad Company's stock was trading on the open market for $14.50 per share at the end of the year. Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole number (no cents).
Answers
Therefore, All Good Company should report the investment's $155,000 book value at the end of the year.
An asset or item purchased with the intention of earning money or increasing in value is an investment. An asset's appreciation over time is referred to as appreciation. When a person purchases a product as an investment, the goal is not to use the product now but to use it to build wealth in the future.
Calculation to determine the investment's book value, which All Good Company should report at the end of the year: $60,000 x 6,000 x $10.00 per share $135,000 less than the following:
Ending investment balance of $155,000 (60,000+$135,000-$40,000) Dividend ($40,000).
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Related Questions
MAKARO SUPERSTORE TRIAL BALANCE 31 December, 2022 Capital 30000$ Plant and Machinery 50,000$ Debtors 200,000$ Creditors 100,000$ Loan 95,000$ Interest on Loan 3,000$ Cash 20,000$ Provision for Doubtful Debts 7,000$ Stock on 1st April, 2017 68,000$ Motor Vehicles 100,000$ Bank 35,000$ Land and Building 120,000$ Bad Debts 5,000$ Purchases 660,000$ Sales 1,100,000$ Purchases Return 15,000$ Sales Return 80,000$ Transportation Out Carriage Outwards 25,000$ Transportation In Carriage Inwards 30,000$ Salaries 90,000$ Rent and Insurance 30,000$ Advertising 35,000$ Discount Received 5,000$ General Expenses 34,000$ Bills Receivable 60,000$ Bills Payable 20,000$ Rent Received 3,000$
Answers
To prepare the Makara store balance sheet, we will categorize the items into their respective asset, liability, and equity categories.
MAKARO SUPERSTORE Balance Sheet As of 31 December, 2022Assets:
Plant and Machinery: $50,000
Debtors: $200,000
Cash: $20,000
Stock: $68,000
Motor Vehicles: $100,000
Bank: $35,000
Land and Building: $120,000
Bills Receivable: $60,000
Total Assets: $653,000
Liabilities:
Creditors: $100,000
Loan: $95,000
Interest on Loan: $3,000
Provision for Doubtful Debts: $7,000
Bills Payable: $20,000
Total Liabilities: $225,000
Equity:
Capital: $30,000
Total Equity: $30,000
Total Liabilities and Equity: $653,000
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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financial managerial accounting problem 3.7A
Answers
Answer:
Explanation:
Problem 3.7A
Northwest Company manufactures a single product. Selected data for the first quarter of the current year are as follows:
Sales ........................ $90,000
Cost of goods sold ............ 42,000
Gross margin ................. $48,000
Selling and administrative expenses ............ 28,000
Net operating income ............ $20,000
In addition, the following information is available:
a. During the first quarter, ending inventories of finished goods were $6,000 more than beginning inventories.
b. Cost of goods sold for the first quarter was composed of $40,000 of direct materials cost, $12,000 of direct labor cost, and $30,000 of manufacturing overhead cost.
Required:
Compute the cost of goods manufactured for the first quarter.
Solution
Cost of Goods Manufactured = Beginning Finished Goods Inventory + Cost of Goods Sold - Ending Finished Goods Inventory
Cost of Goods Manufactured = $0 + $42,000 - $6,000
Cost of Goods Manufactured = $36,000
Therefore, the cost of goods manufactured for the first quarter is $36,000. This can be further broken down into $40,000 of direct materials cost, $12,000 of direct labor cost, and $30,000 of manufacturing overhead cost, as given in the information.
2. Assembly of a model airplane has a learning curve of 80 percent. The estimated time to assemble a second identical model airplane is 40 hours . Determine approximately how much time will be required for: a. the eight unit (4 points) b. the first ten units (4 points )
Answers
Using the learning curve formula, the times required are given as follows:
a) Eight unit: 10.49 hours.
b) First ten units: 194 hours.
What is the learning curve formula?The learning curve formula gives the time needed to model the nth unit of a product according to the following exponential equation:
\(T = a(b)^{n-1}\)
In which the parameters are described as follows:
a is the time needed to model the first unit.b is the learning curve coefficient.In the context of this problem, the coefficient of the learning curve is given by:
b = 0.8.
The time it takes for the second model is of 40 hours, hence T(2) = 40, meaning that we can find the parameter a as follows:
\(40 = a(0.8)\)
a = 40/0.8
a = 50.
Then the equation is:
\(a_n = 50(0.8)^{n - 1}\)
The time it takes to assemble the eight unit, in hours, is given by:
\(a_8 = 50(0.8)^7 = 10.49\)
For the first ten units, the time is given by the following integral:
\(T = \int_{1}^{10} 50(0.8)^{n - 1} dn\)
Applying the exponential integral rule, we have that:
\(T = \frac{50}{\ln{0.8}}(0.8)^{n - 1}|_{n = 1}^{n = 10}\)
Applying the Fundamental Theorem of Calculus to solve the definite integral, the time in hours needed to produce the first ten units is given by:
\(T = \frac{50}{\ln{0.8}}[(0.8)^9 - (0.8)^0]\)
T = 194 hours.
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An individual who has decided to start a business on their own may generally choose from any of the following structure types, EXCEPT:
Answers
Answer:
Here are the definitions for each term, but i would say C Corporation. (I don't know exactly)
explanation
Sole Proprietorship: is an unincorporated business, which means it would be under the supervision of government rules, unlike limited liability companies, corporations and so on
Partnership: Partnerships are unincorporated businesses with two or more owners (partners) who contribute in various ways (capital, labor, etc.) and may have legal liabilities. A written agreement should outline the partners’ roles, rights, and responsibilities.
C Corporation: A C-corp, like an S-corp, is a limited liability entity, which means the company, not its shareholders or owners, is held legally liable for the company’s debt and other obligations. Also, you can bring in an unlimited number of investors when your business is structured as a C corporation.
S Corporation:An S corporation, also known as an S subchapter, refers to a type of legal business entity. Requirements give a corporation with 100 shareholders or less the benefit of incorporation while being taxed as a partnership. Corporate taxes filed under Subchapter S may pass business income, losses, deductions, and credits to shareholders.
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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dự báo thị trường trên các đường bay dự kiến khai thác
Answers
Following is information from Eagle Inc. for Year 7, ($ in thousands).
Total revenue
Total revenue growth rate
Net operating profit margin (NOPM)
Net operating profit after tax (NOPAT)
Net operating asset turnover (NOAT)
$3,248,879
Select one:
O
O
O
O
O
Projected net operating assets (NOA) for Year 8 is:
4%
5.7%
$207,262
4.37
a. $773,189 thousand
b. $785,827 thousand
c. $723,863 thousand
d. $743,451 thousand
e. None of these are correct
Answers
The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
Answers
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answers
Answer: true
Explanation:
1. What are the key skills and competencies required for a successful career in human resource management?
Answers
A successful career in human resource management requires a combination of skills and competencies, including effective communication, interpersonal skills, problem-solving, strategic thinking, knowledge of employment laws.
A successful career in human resource management requires a combination of skills and competencies that enable HR professionals to effectively manage and support an organization's workforce. Here are key skills and competencies necessary for HR professionals:
Communication Skills: HR professionals must have excellent communication skills, both written and verbal. They need to effectively convey information, listen actively, and facilitate open and transparent communication within the organization.
Interpersonal Skills: Building strong relationships and collaborating with employees at all levels is crucial. HR professionals should be empathetic, approachable, and able to handle sensitive and confidential matters with discretion.
Problem-Solving and Decision-Making: HR professionals often encounter complex issues and conflicts. They need strong problem-solving skills to analyze situations, identify solutions, and make informed decisions that align with organizational goals and legal requirements.
Strategic Thinking: HR professionals should possess the ability to align HR initiatives with the organization's overall strategic objectives. They need to understand the business context, anticipate future needs, and develop HR strategies that contribute to long-term success.
Knowledge of Employment Laws and Regulations: A deep understanding of labor laws, employment regulations, and compliance requirements is essential. HR professionals must stay updated on legal changes to ensure the organization's HR practices and policies are in compliance.
Change Management: HR professionals often play a critical role in organizational change initiatives. They should be skilled in managing change, guiding employees through transitions, and facilitating effective communication during periods of change.
Data Analysis and HR Metrics: Proficiency in data analysis and the ability to derive meaningful insights from HR metrics are becoming increasingly important. HR professionals should be able to use data to make informed decisions, track progress, and identify areas for improvement.
Ethical Practice: HR professionals deal with sensitive employee information and must maintain high ethical standards. They need to uphold confidentiality, fairness, and integrity in all HR-related processes and decisions.
HR Technology: Proficiency in HR technology and systems is essential for streamlining HR processes, managing employee data, and utilizing HR analytics. HR professionals should stay updated on HR software and technology trends to enhance efficiency and effectiveness.
Continuous Learning and Adaptability: HR professionals should have a growth mindset and be willing to continuously learn and adapt to evolving HR practices, industry trends, and organizational needs.
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Catherine bought a painting at an auction for $3,800. Since the seller is shipping the painting, she must pay a shipping charge of $200. She must also pay GST (5%) and PST (7%) on the painting. Determine the total purchase price of the painting.
Answers
Answer:
4,494$.
Explanation:
take the 3,800$ and add 200$=4,000$ +5% which is 5/100=4,200$ add 7% which is 7/100=4,494$.
why not add 5 and 7=12 and then use it to make the total price? because 12% is different. how? if you add 12% to 4,000$ it will equal to a different number which is 4,480$.
What additional uses of technology can you see in the workplace? Research the Wall Street Journal to aid your response. List ways technology impacts other careers not discussed in Module 1, such as finance, government, non-profits, and agriculture. In response to peers, share if any technology has impacted your business or career or may impact them in the future.
Answers
Technology has brought about many new uses in the workplace, such as automation and remote work technology, while also impacting careers in both positive and negative ways. It has created new job opportunities and increased efficiency, but can also contribute to job displacement and increased stress for employer.
What additional uses of technology is seen in workplace today?Today, technology is used in the workplace for a variety of purposes beyond just traditional office tasks such as communication and data management. For example, many organizations are adopting automation technology for tasks such as inventory management, production, and even customer service.
Additionally, remote work technology has become more prevalent in recent years, enabling employees to work from anywhere with an internet connection. Many companies also use technology for data analysis and decision-making, allowing them to make more informed business decisions.
How does technology impacts career?Technology has created new job opportunities in fields such as IT, software development, and data analysis. It has also increased efficiency in many workplaces, allowing employees to complete tasks more quickly and with less effort.
However, technology has also led to job displacement in some industries, such as manufacturing, and can contribute to increased stress and burnout for employees who are expected to be constantly available and connected.
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When an alphabetic arrangement is converted to a consecutively numbered arrangement, where will the
general folders in the alphabetic file be located in the numeric storage arrangement? Will records in there
folders be coded with a number? Why or why not?
Answers
1. The general A to Z folders will be the location of the alphabetical records storage.
2. The records in the folder will be coded with a letter. It won't be coded with a number. This is important for easier access.
How to illustrate the information?Sequential numbering is a method of arranging sequential numbering records in ascending order from the lowest to the greatest number. The consecutive numbering technique includes the numbered files, alphabetic index, and accession log.
The universal A to Z folders will become the common alphabetical file in front of the numerical storage arrangement in alphabetical records storage.
Until there are enough documents to warrant a separate numbered folder, the records in the folders will be coded with the letter G. During this time, the records will be coded with their respective file codes, arranged into numbered folders, and filed in the numerical component of the file.
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Why u think the porcentage of tax filers has most dramatically increased for the 65+ age group?
Answers
Answer:
The more people that retire, the more it increased.
Explanation:
Typically when people retire, they get their taxes filed. The percentage of the 65+ age group who have their taxes filed increases the more people who retire, then typically use tax filers.
Answer: The percentage of tax filers has most dramatically increased for the 65+ age group because
more people in the 65+ community are retiring and so, they are getting their taxes filed.
Good luck!
Q1: Torville Company's contribution margin income statement is presented below.
Sales for the current period consisted of 5,000 units. Determine the company's
break-even point in dollars.
Torville Company
Contribution Margin Income Statement
Sales
Variable costs
Contribution margin
Fixed costs
Sales : $125000
Variable cost : $90000
Contribution margin : $35000
Fixed cost : $28000
Net income: $7000
Net income
S125,000
20.000
35,000
28.000
$7.000
Answers
Based on the sales and the contribution margin, the breakeven point in dollars is $28,000
The breakeven point can be found as:
= Fixed cost / Contribution margin per unit
Breakeven point is therefore:
= 28,000 / (35,000 / 5,000 units)
= 4,000 units
This amount in dollars is:
= (4,000 x (Sales revenue - Variable cost / Number of sales))
= 4,000 x (125,000 - 90,000/ 5,000)
= $28,000
In conclusion, the breakeven point is $28,000
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The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $903,400; Freight-Out $13,700; Sales Returns and Allowances $22,000; and Sales Discounts $15,400. Prepare the sales section of the income statement.
Answers
Net Sales Revenue for Sunland Company: $865,000 (Sales Revenue $903,400 - Returns $22,000 - Discounts $15,400).
Income Statement - Sales Section (For the fiscal year ended October 31, 2022)
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $903,400 - $22,000 - $15,400 = $865,000
The sales section of the income statement for Sunland Company reflects the following figures for the fiscal year ended October 31, 2022:
Sales Revenue: $903,400
Less: Sales Returns and Allowances: $22,000
Less: Sales Discounts: $15,400
Net Sales Revenue: $865,000
The Sales Revenue represents the total amount of sales generated by Sunland Company during the fiscal year.
Sales Returns and Allowances account for any merchandise returned by customers or allowances granted due to defective products or other reasons.
Sales Discounts account for the reduction in the selling price offered to customers for early payment or other negotiated discounts.
By subtracting the Sales Returns and Allowances and Sales Discounts from the Sales Revenue, we arrive at the Net Sales Revenue figure.
For Sunland Company, the Net Sales Revenue amounts to $865,000, which represents the total sales revenue after deducting returns, allowances, and discounts.
This figure is significant for assessing the company's performance and analyzing its sales activities.
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Why should you stay organized when doing a research paper
Answers
Answer:
cuz if u don't stay organized then the information may lost
Answer:
Staying organized is one of the most important skills when a student first learns
how to write a research paper. It will help your stress levels as well as make the writing process go much faster.
Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
The efficiency of the typist is known to be 50 words/minute with standard deviation 5 words/minute she is given a new training in 36 tests. She is scored an average of 52words/minute. Do you conclude that the training has improved her speed at 0.05?
Answers
Based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
How to determine if the training has improved her speed at 0.05To determine whether the training has improved the typist's speed significantly, we can perform a hypothesis test using the given information. We will use a significance level of 0.05, which means that we are willing to accept a 5% chance of making a Type I error (incorrectly concluding that the training has improved the speed when it actually hasn't).
Let's set up the null and alternative hypotheses:
Null hypothesis (H0): The training has not improved the typist's speed. μ = 50 words/minute.
Alternative hypothesis (H1): The training has improved the typist's speed. μ > 50 words/minute.
To test these hypotheses, we can perform a one-sample t-test since we know the population standard deviation.
The test statistic for a one-sample t-test is given by:
t = (xbar - μ) / (s / √n),
where xbar is the sample mean, μ is the hypothesized population mean, s is the standard deviation, and n is the sample size.
In this case, xbar= 52 words/minute, μ = 50 words/minute, s = 5 words/minute, and n = 36.
Let's calculate the test statistic:
t = (52 - 50) / (5 / √36) = 2 / (5 / 6) = 2 * 6 / 5 = 12 / 5 = 2.4.
Next, we need to find the critical value corresponding to a significance level of 0.05. Since the alternative hypothesis is one-sided (μ > 50), we will find the critical value from the t-distribution with degrees of freedom (df) equal to n - 1 (36 - 1 = 35) and a one-tailed significance level of 0.05.
Using a t-table or a t-distribution calculator, the critical value for df = 35 and a one-tailed significance level of 0.05 is approximately 1.691.
Since the test statistic (2.4) is greater than the critical value (1.691), we reject the null hypothesis. This means we have sufficient evidence to conclude that the training has improved the typist's speed at a significance level of 0.05.
Therefore, based on the given data, we can conclude that the training has significantly improved the typist's speed at a significance level of 0.05.
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(Identify Temporary Differences and Classification Criteria) The asset-liability approach for recording deferred income taxes is an integral part of generally accepted accounting principles.
Instructions
(a) Indicate whether each of the following independent situations should be treated as a temporary difference or as a permanent difference, and explain why.
(1) Estimated warranty costs (covering a 3-year warranty) are expensed for financial reporting purposes at the time of sale but deducted for income tax purposes when paid.
(2) Depreciation for book and income tax purposes differs because of different bases of carrying the related property, which was acquired in a trade-in. The different bases are a result of different rules used for book and tax purposes to compute the basis of property acquired in a trade-in.
(3) A company properly uses the equity method to account for its 30% investment in another company. The investee pays dividends that are about 10% of its annual earnings.
(4) A company reports a gain on an involuntary conversion of a nonmonetary asset to a monetary asset. The company elects to replace the property within the statutory period using the total proceeds so the gain is not reported on the current year’s tax return.
(b) Discuss the nature of the deferred income tax accounts and the manner in which these accounts are to be reported on the balance sheet.
Answers
Answer:
Your question is very complicated pal
Research investigating high-performance workplaces found that performance-based pay _____ when combined with other high-performance practices.
improves attitudes and behaviors
increases the number of middle men required
reduces labor costs
has little effect on quality
Answers
Option A is correct. Research investigating high-performance workplaces found that performance-based pay improves attitudes and behaviors.
What is performance-based pay?With this system of pay, employees are compensated based on their degree of performance and subsequently, individual performance. In some instances, this might also be referred to as a pay structure for remuneration. Systems of performance pay, which are intended to give employees financial incentives, might use a variety of payment plans. Performance pay differs from set salary in that it rewards employees based on their contributions rather than the value of the role. In other instances, the workers' pay might be determined by how many units they generate or how well they do in another statistical category.
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All of the following are correct statements about transfers between divisions located in countries with different tax rates except that
A. differences in tax rates across countries complicate the determination of the appro-priate transfer price
B. a decreasing number of transfers are between divisions located in different countries
C. companies must pay income tax in the country where income is generated
D. many companies prefer to report more income in countries with low tax rates.
Answers
All of the following are correct statements about transfers between divisions located in countries with different tax rates except that the companies must pay income tax in the country where income is generated. Thus option (C) is correct.
What is tax?Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national.
Tax revenues finance government activities, including public works and services such as roads and schools, or programs such as Social Security and Medicare.
In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
From an accounting perspective, there are various taxes to consider, including payroll taxes, federal and state income taxes, and sales taxes.
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started business with cash rs 30000 and bank balance rs 50000
Answers
Answer and Explanation:
The journal entry is shown below:
Cash Dr 30,000
Bank Dr 50,000
To Capital 80,000
(Being cash and bank brought into the business)
Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity
Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answers
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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25 points and brianly
Which sentence demonstrates the use of secondary market research technique?
Answers
Answer:
Sentence 3
Explanation:
Answer:sentence three
Explanation:
According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.
Answers
The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.
Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.
The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.
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The Phrase lasissez-faire means which of the following?
A: To control
B:To let be
C: To buy
D: To contribute
Answers
Purchases transactions
Bowers Company purchased merchandise on account from Saunders Corp. for $9,100, terms 1/10, n/30. Bowers
returned merchandise with an invoice amount of $1,900 and received full credit.
a. If Bowers Company pays the invoice within the discount period, what is the amount of cash required for the
payment? If required, round the answer to the nearest dollar.
Answers
The amount of cash required by The Bowers Company to make the payment for the purchase of the merchandise from Saunders Corp. within the discount period of 10 days is $7,128.
Bowers Company will enjoy a discount of $72 ($7,200 x 1%) because it is able to settle within 10 days from the date of the purchase.The terms of the purchase specified 1% discount if payment is made within 10 days and full settlement within 30 days.Data Analysis and Calculations:
Debit Inventory $9,100 Credit Accounts Payable (Sanders Corp.) $9,100
Trade terms = 1/10, n/30
Debit Accounts Payable (Sanders Corp.) $1,900 Credit Inventory $1,900
Debit Accounts Payable (Sanders Corp.) $7,200 ($9,100 - $1,900) Credit Cash $7,128 ($7,200 - $72) Credit Cash Discounts $72 ($7,200 x 1%)
Thus, the credit period expires after 30 days and the cash required for the payment is $7,128 if the discount window of 10 days is utilized.
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Identify five typical users of accounting information
Answers
Answer:
Owners,and stockholders, directors,officers, internal departments
Explanation: