On October 1, Natalie King organized Real Solutions, a new consulting firm. On October 31, the company's records show the following items and amounts.
Cash $2,000 Cash dividends $3,360
Accounts receivable 13,000 Consulting fees earned 15,000
Office supplies 4,250 Rent expense 2,550
Land 36,000 Salaries expense 6,000
Office equipment 28,000 Telephone expense 660
Accounts payable 7,500 Miscellaneous expenses 680
Common stock 74,000
Also assume the following:
a. The owner’s initial investment consists of $37,720 cash and $45,940 in land in exchange for its common stock.
b. The company’s $17,710 equipment purchase is paid in cash.
c. The accounts payable balance of $8,230 consists of the $2,990 office supplies purchase and $5,240 in employee salaries yet to be paid.
d. The company’s rent, telephone, and miscellaneous expenses are paid in cash.
e. No cash has been collected on the $13,800 consulting fees earned.
Required:
Using the above information to prepare an October 31 statement of cash flows for Real Solutions.
Answers
Answer:
Statement of cash flows for Real Solutions for the year ended October 31 .
Cash flow from Operating Activities
Net Profit $14,660
Adjustment for Changes in Working Capital :
Increase in Accounts receivable ($13,000)
Increase in Accounts Payable $7,500
Net Cash from Operating Activities $9,160
Cash flow from Investing Activities
Purchase of Equipment ($17,710)
Net Cash from Investing Activities ($17,710)
Cash flow from Financing Activities
Cash dividends ($3,360)
Net Cash from Financing Activities ($3,360)
Movement during the Period ($11,910)
Cash and Cash Equivalents at Beginning of the year $37,720
Cash and Cash Equivalents at End of the year $25,810
Explanation:
The Indirect Method has been used for the Preparation of Cash flow from Operating Activities. (opt for this as it is easier to deal with the information given).
Calculation of Net Income for the Year Ended October 31
Revenue :
Consulting fees earned 15,000
Consulting fees accrued 13,800
Total Revenue 28,800
Less Expenses ;
Office supplies 4,250
Rent expense 2,550
Salaries expense 6,000
Telephone expense 660
Miscellaneous expenses 680 (14,140)
Net Income 14,660
Related Questions
Dubai Corporation is looking to purchase a building costing $830,000 by paying $265,000 cash on the purchase date, and agreeing to make payments every three months for the next five years. The first payment is due three months after the purchase date. Dubai's incremental borrowing rate is 16%. Each of the payments is closest to
Answers
Answer:
Each payment is closest to $41,573.69.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or the balance to pay for the building = $830,000 - $265,000 = $565,000
P =Quarterly payment or payment after every three months = ?
r = Quarterly interest rate = Incremental borrowing rate / Number of quarters in a year = 16% / 4 = = 4%. or 0.04
n = number of quarters = Number of years * Number of quarters in a year = 5 * 4 = 20
Substitute the values into equation (1) and solve for P, we have:
$565,000 = P * ((1 - (1 / (1 + 0.04))^20) / 0.04)
$565,000 = P * 13.5903263449677
P = $565,000 / 13.5903263449677
P = $41,573.69
Therefore, each payment is closest to $41,573.69.
Which economic indicators are used to measure the global economy? Choose four answers.
purchasing power parity
trade volumes
spending power parity
labor market data
gross domestic product
trade deficits and surpluses
Answers
Answer:
Explanation:
Used:
Trade Volumes
Labor Market Data
Gross Domestic Product
Trade Deficits and Surpluses
Not Used:
Purchasing Power Parity
Spending Power Parity
Economic indicators are;
Trade VolumesLabor Market DataGross Domestic ProductTrade Deficits and SurplusesWhat are economic indicators?Economic indicators serve as those economic data, that are needed to interpret current or future investment possibilities.
Therefore, economic indicators are used to measure the global economy.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Unethical practices can take place during recruitment. Explain
Answers
Explanation:
1. Rusing :
rusing occurs when a recruiter assumes an alias during a phone call to a potential clients or candidate, Most often to convince a gatekeeper that deer call to a sincere cooperate leader is personal confident and / or urgent .
2. Double Rusing :
as with other business discipline there is a such of things as conflict of interest. for example as a recruiter at an agency, you don't recruit candidates from clients who are you to feel other jobs it's just common courtesy and common sense .
Fast casual restaurants such as Chipotle, are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates _________ influence marketing decisions.
A. demographic factors B. legal factors C. ethical factors D. economic factors
Answers
Fast casual restaurants such as Chipotle, are expanding because firms recognize that potential customers are predominantly young people. This scenario illustrates demographic factors influence marketing decisions. The correct option is A.
What are the demographic factors influencing business?Marketers use the term "demographic environment" to describe the characteristics of a population that can influence the success of a commercial or commercial venture. The most major demographic factors for businesses are age, gender, income, education level, and occupation.
Demographics are an important part of your small business marketing strategy because they help you identify individual members of your audience based on certain characteristics, wants, and needs. Businesses use demographic data to better understand the characteristics of the people who purchase their products and services.
Thus, the ideal selection is option A.
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You remove an adult out of the water who
was floating face down and not moving.
They are unresponsive… What next?
Answers
Answer:
First of all, I think this is a dum question, but what you would (probably) do is give him/her CPR.
Explanation:
Common sense.
i think:
and don't worry)
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
Answers
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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A farmer has 8 acres to plant in corn, soybeans and wheat. He has only $1200 to spend where each acre of corn costs $ 200 to plant, each acre of soybeans costs $50 to plant, and each acre of wheat costs $100 to plant. Moreover, the farmer has to get the planting done in 12 hours and it takes 1 hour to plant an acre of corn, 2 hours to plant an acre of soybeans, and 1 hour to plat an acre of wheat. If the profit is $500 per acre of corn$300 per acre of soybeans, and $250 per acre of wheatwhat is the maximized profit ?
Answers
When the farmer plants 4 acres of maize, 2 acres of soybeans, and 2 acres of wheat, the maximum profit is $3,000.
Are two successive natural numbers' products divisible by two?The two successive positive numbers' product will therefore likewise be even. Because of this, it is true that the product of two successive positive integers is divisible by two. As a result, any three successive integers multiplied together always divide into three.
c + s + w = 8 (the total area to be planted is 8 acres)
200c + 50s + 100w ≤ 1200 (the total cost cannot exceed $1200)
c/1 + s/2 + w/1 ≤ 12 (the total time cannot exceed 12 hours)
P = 500c + 300s + 250w
Using these constraints, we can set up the following linear programming problem:
Maximize P = 500c + 300s + 250w
subject to:
c + s + w = 8
200c + 50s + 100w ≤ 1200
c/1 + s/2 + w/1 ≤ 12
To solve this problem, we can use a linear programming solver or the graphical method. Here is one possible solution:
Plant 4 acres of corn, 2 acres of soybeans, and 2 acres of wheat
Total cost: 200(4) + 50(2) + 100(2) = $1000
Total time: 4/1 + 2/2 + 2/1 = 8 hours
Total profit: 500(4) + 300(2) + 250(2) = $3000
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Funds left over from a cover dell education savings account after all education expenses are paid to go whom
Answers
Answer:
management of school is one who is responsible to pay for expenses and keep the savings which is remain after deducting of all expenses
A manufacturing company has total liabilities of $52,000 and total stockholders' equity of $75,000. What is the debt-to-equity ratio?
Answers
Answer:
0.693
Explanation:
Debt to equity ratio= Total liability/ Shareholder equity
=$52,000/$75,000= 0.693
If a taxpayer with an annual income of $75,000 paid $25,000 of alimony to their ex-spouse in 2021, he or she could deduct what amount from his or her income on his or her California state income return?
Answers
Based on the annual income of the taxpayer and the alimony payment, the amount that can be deducted on a California state income return is $25,000.
Are alimony payments tax deductible?In the state of California, alimony payments made to ex-spouses are deductible as part of one's state income return. This means that the taxpayer who is paying $25,000 can deduct the entire amount from their tax returns.
The reason for this is that alimony payments are treated as earned income which means the ex-spouse will have to pay taxes on them. So the taxpayer will not pay taxes because the ex-spouse will pay taxes on the $25,000 instead.
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Lisa Simpson sells beauty supplies. Her annual demand for a particular skin lotion is 1,000 units. The cost of placing an order is $20, while the holding cost per unit per year is 10 percent of the cost. This item currently costs $10 if the order quantity is less than 300. For orders of 300 units or more, the cost falls to $9.80. To minimize total cost, how many units should Lisa order each time she places an order
Answers
Answer:
980
Explanation:
if you subtract them you would get 980
Pleaseeeeee helppp!!!!!!!!!!
Answers
Answer:
D
Explanation:
They're recruiting people who have the same ideas.
Which of the following applies to a marketing intermediary located in michigan who buys brand name toothpaste from 20 different manufacturers consolidates offerings and then needs the various brands of 500 supermarkets in Georgia?
Answers
Answer:
hey how are you have u eaten today <33333333
Since no one business sells enough products to influence the price, this is an example of?
Answers
Answer:
pure competition
Explanation:
The consumer price index is meant to measure prices of goods and services due to _______.
A. None of these.
B. The relationship between aggregate demand and aggregate supply.
C. The effect inflation has on prices in comparison to a base year.
D. The forces that compel companies to raise prices.
Please answer it correctly and asap
Answers
Answer:
the answer is option B. nice to be of to u by the way am gracey
Marty Neilson has just invested $130,000 in a restaurant that will provide him with an annual income of $7700. He expects to hold the investment for 8 years. What is the accounting rate of return (as a percentage)?
Answers
The accounting rate of return (as a percentage) is $13.50. The accounting rate of return (ARR) is a formula that shows the percentage rate of return.
Given,
Annual income= $7700
Invested= $130,000
Investment hold = 8 years
Rate of return
= 130,000/7700 x 8
= 13.50
The accounting rate of return (ARR) is a formula that shows the percentage rate of return anticipated on a security or asset in relation to the cost of the initial investment. In order to calculate the ratio or return one might anticipate throughout the course of an asset or project, the ARR formula divides the asset's average revenue by the company's initial investment. ARR does not take into account cash flows or the time value of money, which can be crucial components of running a firm.
The accounting rate of return (ARR) formula is useful for calculating the project's annual percentage rate of return.
ARR is computed as initial investment / average annual profit.
ARR offers the anticipated rate of return and is frequently used when comparing several projects.
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Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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What is the purpose of blockchain technology?
Answers
The purpose of blockchain technology is to provide a decentralized and transparent system for recording and verifying transactions or information. It is a distributed ledger technology that allows multiple parties to maintain a shared database without the need for a central authority. Overall, blockchain technology provides a robust and secure framework for businesses to enhance security, transparency, efficiency, and trust in their operations, leading to improved processes and better customer experiences.
The main purpose of blockchain technology is to create a distributed and secure ledger of transactions. Some key aspects of blockchain technology include:
Distributed - The blockchain is distributed across a network of computers instead of being stored in a centralized location. This makes it more resistant to data tampering and hacking.
Secure - Blockchain uses cryptographic techniques to ensure the integrity and security of the data. Once a transaction is recorded, it is very difficult to change or hack the data.
Transparent - All transactions recorded on the blockchain are publicly visible to anyone with access to the network. This transparency helps prevent fraudulent activities.
Automatic - Blockchain uses a distributed consensus mechanism to automatically validate transactions. There is no need for a central authority or intermediary.
Immutable - Once a transaction is recorded on the blockchain, it is almost impossible to change. This immutability provides a high degree of certainty for transactions.
The main applications of blockchain technology are:
Digital currency - Blockchain underlies cryptocurrencies like Bitcoin which are decentralized digital currencies.
Financial transactions - Blockchain can be used to record financial transactions in an efficient, secure and transparent manner.
Supply chain management - Blockchain can track materials, payments and documents throughout supply chains.
Smart contracts - Self-executing contracts can be embedded in the blockchain to automatically execute terms of agreements.
Asset registry - Assets like land titles, jewelry, artwork, etc. can be recorded on a blockchain to prove ownership and authenticity.
In summary, the key purpose of blockchain technology is to create an incorruptible digital ledger of data that is distributed across a network. This makes the data secure, transparent and permanent.
Interventions strategies to prevent restrictions or barrier in small businesses townships
Answers
To prevent restrictions or barriers in small businesses in townships, several intervention strategies can be implemented:
1. Business Development Support: Offer training programs, workshops, and mentorship opportunities to help small business owners develop essential skills such as financial management, marketing, and business planning.
2. Access to Capital: Establish microfinance programs or low-interest loan schemes to provide small businesses with the necessary funds to start or expand their operations. Additionally, create partnerships with financial institutions to streamline the loan application process.
3. Infrastructure Improvement: Invest in upgrading township infrastructure, including roads, electricity, and internet connectivity. This will enhance the business environment, attract investors, and facilitate smoother operations for small businesses.
4. Regulatory Simplification: Simplify and streamline licensing and permit procedures, reducing bureaucracy and paperwork burdens. This will make it easier for entrepreneurs to start and operate businesses, fostering a favorable environment for small enterprises.
5. Market Linkages: Facilitate connections between small businesses and larger supply chains, enabling them to access wider markets and secure stable customer bases. This can be achieved through networking events, trade fairs, and partnerships with established businesses.
6. Local Procurement Policies: Encourage local governments and institutions to adopt procurement policies that prioritize purchasing goods and services from small businesses in the townships, thereby boosting their economic growth and sustainability.
7. Collaborative Initiatives: Foster collaboration among small businesses by establishing business associations, cooperatives, or incubation centers. These platforms can provide shared resources, collective marketing efforts, and a supportive community.
By implementing these intervention strategies, the barriers and restrictions faced by small businesses in townships can be minimized, promoting their growth, sustainability, and contribution to the local economy.
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Ethical Behavior
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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content: Site 1
According to the article, what should you do if you suspect your boss of unethical business practices?
Answers
According to the article, we should report it to the right person when we suspect our boss of unethical business practices.
What are unethical practices?Unethical behaviour is defined as behaviour that deviates from what is morally right or proper for a person, profession, or industry. Individuals, businesses, professionals, and politicians can all act unethically.
According to Catherine Conlan's article, the best thing to do is report it to the appropriate person.
This is clear when the article states, "If you reasonably believe your employer is doing something illegal or unethical, you should first bring it to the attention of your supervisor... If you suspect your supervisor, go through the company's chain of command.
The matter will be investigated by the company. If no one in the chain of command responds, there is usually a government agency involved.
Therefore, reporting to the correct authority is the correct step.
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if you have identified a risk, you have?
(a) figured it out how to eliminate it.
(b) recognized that it exists.
(c) publically announced it is a problem.
(d) decided not to reveal it
Answers
Answer:
B
Explanation:
you have recognized that it exists, you have not yet eliminated it or made any other decisions.
The Phillips curve was first suggested as a description of the relationship between inflation and unemployment in the late 1950s, and data through the 1960s were consistent with its predictions. What happened in the 1970s?
Answers
Answer: High inflation and high unemployment in the United States undermined the Phillips hypothesis.
Explanation:
In the year the 1970s, there is high inflation and high unemployment in the United States that undermined the Phillips hypothesis.
What happened in the 1970s?Since the Phillips curve was first recommended by the description of the relationship that lies between inflation and unemployment.
So based on this, we can say that In the year the 1970s, there is high inflation and high unemployment in the United States that undermined the Phillips hypothesis.
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To find the future value annuity factor from a time value of money table, read down the rows to find T = 10 and across the columns to find 10 percent. The factor where that column and row intersect is _____.
Answers
Read further down all rows to find T = 10 and traverse the columns to find 10% to get the future value annuity component from a time value table. That column and row's intersection point has a factor of 15.937.
Which four sorts of money are there?According to economists, there are four basic sorts of money: commercial money, trustee money, fiat money, and commodity money. Commodity money is money that derives its worth from the commodities from which it is created.
What does money serve as a tool for?In conclusion, despite the fact that money has existed in a variety of forms throughout history, it has always served the same three purposes: as a store of value, an account unit and a medium of exchange.
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Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.
Answers
Suppose apples are currently selling for 50 cents a piece. Someone says that apple
sellers can't make a decent living if they sell their apples so cheaply. This person says
there should be a law stating that no one can sell an apple and no one can buy an apple
for less than 75 cents. A law to raise the income of apple sellers is suggested. What might
be an unintended consequence (effect) of this law?
Answers
Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000. This cost will be depreciated straight-line to zero over the project’s five-year life, at the end of which the sausage system can be scrapped for $83,000. The sausage system will save the firm $154,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $32,500. If the tax rate is 23 percent and the discount rate is 11 percent, what is the NPV of this project?
Answers
The net present value of the project is $-40,793.30.
What is the net present value?Net present value is a capital budgeting method that is used to determine the profitability of a project. The net present value is the present value of the cash flows expected from the project less the cost of the project.
When using the net present value, a project should only be accepted if its net present value is positive. This is because it means that the project is profitable.
Cash flow from the project = (amount the project will save the firm - depreciation) x (1 - tax) + depreciation
Terminal year cash flow = salvage value + net working capital - tax(salvage value - book value)
Depreciation = (cost of the asset - salvage value) / useful life
($520,000 - 0) / 5 = $104,000
Cash flow from the project = ($154,000 - $104,000)(1 - 0.23) + 104,000
= ($50,000 x 0.76) + 104,000 = $142,000
Terminal year cash flow = $83,000 + $32,500 - (0.23 x $32,500) = $108,025
Net present value can be calculated using a financial calculator:
Cash flow in year 0 = $520,000 + $32,500 = $552,500
Cash flow from year 1 to 4 = $142,000
Cash flow in y ear 4 = $108,025
I = 11%
NPV = $-40,793.30
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⦁ Give me an example of how you have demonstrated safe work practices.
Answers
An example of safe work practices is cleaning and maintaining equipment and tools.
Safe work procedures are instructions on how to execute work in a safe manner and are essential for all hazardous jobs performed at your business. They identify dangers and explain what has to be done to remove or reduce risks.
Cleaning and maintaining equipment and tools properly can help to avoid accidents and injuries, as well as costly repairs. One method is to keep a cleaning and maintenance routine. Make a record of all equipment in use, noting important areas that require inspection.
Therefore, maintenance of equipment is how we can demonstrate safe work practices.
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Equipment and tool maintenance and cleaning are two examples of safe work practices.
All hazardous operations carried out at your company must follow safe work procedures, which are guidelines for how to carry out work in a safe manner. They point out risks and describe what has to be done to eliminate or lessen them.
Proper equipment and tool maintenance can reduce the risk of accidents, injuries, and expensive repairs. Maintaining a cleaning and maintenance schedule is one strategy. Make a list of all the equipment that is in use, noting any crucial locations that need inspection.
As a result, maintaining the equipment is how we can show safe working practices.
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I
The constant growth formula is a good tool to use to value companies in the
industry.
O technology
2000
о
pharmaceutical
utility
I DON'T KNOW YET
Answers
The constant growth formula is typically applied more commonly in the utility industry.
The constant growth formula, also known as the Gordon Growth Model, is commonly used to value companies in industries with stable and predictable dividend growth rates. It assumes that the company's dividends or earnings will grow at a constant rate indefinitely. However, it may not be the most suitable tool for valuing companies in every industry.
The constant growth formula can be a useful tool for valuing companies in certain industries like utilities, but it may not be the most appropriate choice for valuing companies in the technology or pharmaceutical sectors.
Utility companies often exhibit stable and predictable cash flows, making them suitable candidates for valuation using the constant growth model.
Therefore, the correct option is utility.
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Bank Reconciliation Statement is prepared
by:
Answers
Answer:
Customer of a bank or book keeper of the company
Explanation:
The statement belongs to the customer