Splish brothers inc.'s liabilities section on December 31, 2017, shows a total liability of $2,088,400.
In accounting, liabilities are obligations or debts owed by a company or individual to another entity, usually a creditor. Liabilities can be both current and long-term, depending on their maturity dates. Current liabilities are debts that are due within a year, while long-term liabilities are those that are due after a year or more.
Examples of current liabilities include accounts payable, notes payable, wages payable, accrued expenses, and taxes payable. Current liabilities are generally settled with cash or other current assets, and they are recorded on the balance sheet as a negative value.
Liabilities:
Accounts payable: $219,800
FICA taxes payable: $10,920
Notes payable (due May 1, 2018): $28,000
Interest payable: $56,000
Bonds payable (due 2021): $1,260,000
Notes payable (due 2019): $112,000
Unearned rent revenue: $336,000
Income taxes payable: $4,900
Discount on bonds payable: $57,400
Sales taxes payable: $2,380
Total liabilities: $2,088,400
Learn more about Liabilities: https://brainly.com/question/14921529
#SPJ11
Suppose that he price of insulin injection kits rose from $72 to $98 but the equilibrium quantity remained the same. what pattern of changes could explain that?
demand increased and supply decreased when price of insulin injection kits rose from $72 to $98 but the equilibrium quantity remained the same.
What is demand and supply explain?
The term supply refers to what proportion of a certain product, item, commodity, or service suppliers are willing to form available at a particular price. Demand refers to what proportion of that product, item, commodity, or service consumers are willing and ready to purchase at a particular price.
Why is supply and demand important?
Supply and demand have a crucial relationship because together they determine the prices and quantities of most goods and services available in a given market. consistent with the principles of a market economy, the connection between supply and demand balances out at a point in the future.
Learn more about demand and supply:
brainly.com/question/4803223
#SPJ4
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Grace's hourly salary is $16. If grace works more than 40 hours a week, then Grace gets overtime pay at 1 and 1/2 times the regular hourly rate for each hour worked over 40 hours. Last week, Grace worked 42 hours. What was the total pay last week? *
Answer:
The correct answer is $688
Explanation:
According to the given scenario, the calculation of total pay last week is as follows:
Total hours worked is 42 hours out of which normal hours is 40 and 2 hours is overtime
So,
= 40 hours × $16 + 2 hours × ($16 + $16 ÷ 2)
= $640 + 2 hours × $24
= $640 + 48
= $688
hence, the total pay last week is $688
10. According to the inventory life cycle,
after a retailer receives products, the next
step is
• A. to display products.
• B. that the retailer prices products.
• C. inventory is purchased.
• D. that the customer shops the store.
B
Answer:
B. that the retailer prices products.
Explanation:
In the inventory life cycle, after a retailer receives products, the usual next step is to display the products, arranging them properly for customer viewing and ensuring they have accurate price tags.
Explanation:According to the inventory life cycle in the retail business, after a retailer receives products, the next step is usually to display products (Option A). This is because once products are received, the goal is to prepare them for sale to customers as quickly as possible. Proper product display includes arranging goods attractively, often following visual merchandising principles, and making sure all items have accurate price tags so customers can make informed purchasing decisions. Following product display, customers can then shop the store (Option D).
Learn more about Inventory Life Cycle here:https://brainly.com/question/32811453
#SPJ2
For individuals, the economic term specialization refers to:
A. becoming a self-sufficient business owner.
B. gaining experience in many different jobs.
C. traveling to different countries for work.
D. mastering a small number of job skills.
Answer:
D. mastering a small number of job skills.
Explanation:
Specialization is a production technique whereby an individual or company focuses on producing a limited variety of products. The objective is to acquire a high degree of mastery and efficiency in making the few chosen items.
An individual who opts to specialize will concentrate on a few skills. In time, they will become experts in those skills.
Identify three users of Business Plans. For each user, write a sentence to explain why the business would engage with that user.
The three users of Business Plans are investors, lenders, and internal stakeholders. Investors engage with business plans to assess the potential return on investment and evaluate the feasibility of the business. Lenders use business plans to evaluate the creditworthiness of the business and determine the risk associated with providing financial assistance. Internal stakeholders, such as managers and employees, engage with business plans to align their actions with the business goals and objectives.
Investors play a crucial role in providing the for a business to start or grow. When considering investing in a business, they need to assess the potential return on investment and the overall feasibility of the venture.
A well-developed business plan provides them with a comprehensive understanding of the business model, market analysis, financial projections, and growth strategies. By engaging with the business plan, investors can make informed decisions and determine whether the business aligns with their investment criteria.
Lenders, such as banks or financial institutions, evaluate the creditworthiness of a business before extending financial assistance. A business plan allows lenders to assess the business's ability to repay the loan by examining factors such as cash flow projections, revenue streams, and collateral.
Lenders need to understand the risks associated with lending money to the business and determine the likelihood of loan default. By engaging with the business plan, lenders can make informed decisions regarding the loan amount, interest rates, and terms of repayment.
Internal stakeholders, including managers and employees, engage with business plans to gain clarity on the business's goals, strategies, and direction. A business plan serves as a roadmap that outlines the objectives, target market, competitive analysis, and operational plans. By aligning their actions with the business plan, internal stakeholders can work cohesively towards achieving the business's vision.
The business plan provides a framework for decision-making, resource allocation, and performance evaluation, ensuring that everyone is on the same page and working towards a common goal.
Learn more about: Business Plans
brainly.com/question/15826604
#SPJ11
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
HELP PLEASE
Companies create a division of labor among employees in order to:
O A. reduce the opportunity cost for hiring new employees.
O B. make it easier to shift employees between different jobs.
O C. allow each employee to perform one task at a high level.
O D. gain access to more human and physical capital.
Answer:
D
Explanation:
companies do this so everyone is more proficient with their bodies and their work
Turbine trip power surdg
Answer:
In brief an overspeed failure on a big steam or gas turbine is one of the most frightening industrial accidents.
A turbine overspeed accident can be caused by a lightning-induced power surge, a fouled pilot valve, an electrical fault, operator failure, or any of a few dozen other problems.
The trip mechanisms on most turbines are required by law to be tested periodically.
Explanation:
GMR industries entered the airport space in early 2000's and is today 1
counted amongst the top 5 airports, private airport developer and operators
globally. GMR industries presently owns and operates Delhi International
Airport and Hyderabad International Airport. Apart from being the largest
airport company in India, GMR industries are the only Indian Airport
developer to have developed and operated airports outside India.
Identify the types of industry and its category being discussed in the above
case?
Answer:
f
Explanation:swsw
Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
To learn more about average product of labor, visit:
https://brainly.com/question/15400721
#SPJ1
You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
Learn more about credit card here:
https://brainly.com/question/27350251
#SPJ4
In an effort to ensure that marketing firms are not compelled to just return findings favorable to a client or come up with a conclusion that was suggested by a client, the American Marketing Association has _______.
In an effort to ensure that marketing firms are not compelled to just return findings favourable the American Marketing Association has established ethical guidelines for companies to follow.
What are ethical guidelines?The virtues of beneficence and nonmaleficence form the basis of all ethical rules. This is a technical way of emphasising that your research must be advantageous and not detrimental. But before you can safeguard your study's participants from injury, you must first be aware of all the hazards they might face. You're probably saying to yourself right now, "It's a card sorting study for a website. What dangers could there possibly be? The subject may perceive the hazards (for instance, "The video of my study will get released and everyone will laugh at it") or they may genuinely exist (e.g., the product is so hard to use that the study is actually pretty unpleasant to use).
To learn more about ethical guidelines visit;
https://brainly.com/question/30038191
#SPJ4
which type of business market tends to have the most complex buying procedures?
The type of business market that tends to have the most complex buying procedures is the organizational market. This market includes businesses, government agencies, and non-profit organizations, and typically involves multiple decision-makers and a more formalized purchasing process.
The buying procedures in this market often require extensive research, evaluation of various vendors, negotiation of contracts, and approval from higher-ups, making it a more complex and time-consuming process. The type of business market that tends to have the most complex buying procedures is the Government market.
Government markets typically involve government agencies, departments, and entities that procure goods, services, and solutions on behalf of the government. The buying procedures in government markets are often complex and involve a series of regulations, compliance requirements, and competitive bidding processes.
Government procurement procedures often include multiple stages such as pre-qualification, tendering, proposal evaluation, contract negotiation, and contract management. These procedures aim to ensure transparency, fairness, and accountability in the procurement process.
To know more about contract negotiation, visit:
https://brainly.com/question/29488044
#SPJ11
How does giving benefit both the giver and the receiver?
Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.
Explanation: I hope that helped.
How does the Better Business Bureau effect the economy?
Answer:
Varies
Explanation:
It helps people find businesses that are trustworthy.
the use of high prices and profits on one product to subsidize low prices on another product is
The use of high prices and profits on one product to subsidize low prices on another product is known as price discrimination.
This practice is often used by businesses to maximize their profits by charging different prices for the same product or service based on the willingness and ability of different customers to pay. Price discrimination can take various forms, including first-degree, second-degree, and third-degree price discrimination. First-degree price discrimination involves charging each customer the maximum amount they are willing to pay. Second-degree price discrimination involves offering discounts for bulk purchases or setting different prices based on the quantity purchased. Third-degree price discrimination involves charging different prices to different groups of customers based on factors such as age, income, or location. While price discrimination can benefit businesses by increasing their revenue, it can also be controversial. Critics argue that it can lead to unfair treatment of certain customers and can undermine the principle of equal access to goods and services. However, in many cases, price discrimination can help businesses to expand their customer base and provide lower prices to customers who might not otherwise be able to afford their products or services.
Learn more about Price discrimination here:
https://brainly.com/question/14705433
#SPJ11
You decide to purchase a car for $12,000. Upon driving the car ff of the lot, the resale value of the car falls to $9,000. After purchasing the car, the $12,000 purchase price represents a(n) O a) non-sunk cost b) opportunity cost ) c) sunk cost d) implicit cost
The $12,000 purchase price of the car in this scenario represents a sunk cost. The correct answer is option C.
A sunk cost is a cost that has already been incurred and cannot be recovered. In this case, once the car is purchased and driven off the lot, its resale value falls to $9,000, meaning that the initial purchase price of $12,000 cannot be recovered.
It's important to understand the concept of sunk costs because they can often influence decision-making in a negative way. For example, if the buyer in this scenario were to hold onto the car instead of selling it for its lower resale value of $9,000, they would be letting the sunk cost of $12,000 influence their decision, rather than considering the current market value of the car.
Opportunity cost, on the other hand, refers to the cost of forgoing one option in favor of another. It is the value of the next best alternative that must be given up in order to pursue a certain action. Implicit costs are costs that are not monetary, but rather the opportunity cost of resources used in a certain activity. In this scenario, neither opportunity cost nor implicit cost are relevant.
Therefore, option C is the right one.
To know more about sunk cost, visit https://brainly.com/question/14848662
#SPJ11
What is a stock symbol?
Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
Click this link to view O‘NET's Education section for Actors.
According to O*NET, what is the most common level of education required for Actors?
O bachelor's degree
O associate degree
O high school diploma or equivalent
O less than a high school diploma
According to O*Net the most common level of education required for an Actor is a High School Diploma or equivalent.
Characteristics required for an ActorAn actor is considered to be highly able to perform in public and must be able to directly working with them, also the actors are required to have a good communication skills for interviews. An actor also needs to possess the characteristics like creative thinking, maintaining good interpersonal relationships with others and active in physical activities.
Therefore the characteristics required to become an actor is more than the level of education required.
Learn more about Calculation of Stock Price Business at https://brainly.com/question/13144273
organizations must plan and carefully design their global sites so that they also cater to local needs and preferences, a process sometimes called .
Localization refers to the adaptation of products, services, and content to meet the cultural, linguistic, and regulatory requirements of a specific market or region.
In the case of global websites, localization involves designing and developing websites that can effectively communicate with local audiences, while also taking into account the cultural and linguistic differences between countries.
To ensure effective localization, organizations must take into account various factors such as local language and dialects, cultural nuances, currency and payment options, and legal and regulatory requirements. This requires a detailed understanding of the target market and a strategic approach to website design and development.
By investing in effective localization, organizations can better engage with local audiences, build brand awareness, and drive revenue growth. In today's globalized marketplace, localization is an essential aspect of any successful international strategy.
To know more about marketplace visit:
https://brainly.com/question/12424281
#SPJ11
What is one major effect of specialization on an economy?
O A. Self-sufficiency becomes more important as many businesses
shut down.
B. Opportunity costs for trade rise as businesses are slow to change.
C. Labor becomes more divided as workers focus on certain skills.
D. Voluntary exchange declines as fewer countries can trade
internationally.
Answer: It’s C
Explanation: read it before you check it because the order might be different in different test.
The one major effect of specialization on an economy is that the Labor becomes more divided as workers concentrate on definite skills.
What is specialization in an economy?Specialization is a manufacturing method in which an organization concentrates on producing a narrow range of products in order to increase efficiency.
Specialization has one cardinal determinant on an economy, that the labor becomes more and more divided as workers focus on specific abilities.
Therefore, option C is correct.
Learn more about the economy, refer to:
https://brainly.com/question/2421251
#SPJ2
9. When paraphrasing, which of the following must a student do:
1. Introduce the source before the paraphrase.
2. Must make significant changes to the phrasing, sentence structure, and word choice.
3. Provide parenthetical documentation of the page number after the paraphrase.
4. Put a bibliographic citation in the references section at the end of the paper
5. They are all necessary.
6. None of these are necessary.
Answer:
5. They are all neccessary
When paraphrasing, first introduce the source before the paraphrase then make significant changes to the phrasing, sentence structure, and word choice then provide parenthetical documentation of the page number after the paraphrase after that put a bibliographic citation in the references section at the end of the paper. Option (5) is correct. all steps are necessary.
What do you mean by Documentation?Any communicable material used to describe, clarify, or provide instructions for certain characteristics of a thing, a system, or a procedure, such as its components, assembly, installation, maintenance, and use, is considered documentation.
When you paraphrase, you give someone else's thoughts your own style while maintaining the original meaning. Summarizing is the process of distilling the major points from a lengthy portion of someone else's writing into your own words.
Therefore, Option (5) is correct. All steps are necessary.
Learn more about Documentation, here;
https://brainly.com/question/27396650
#SPJ2
what's the difference between Utility and Marginal Unility?
Answer:
One is large the other is small
Explanation:
which of these is the healthiest inflation rate?
A. 2.5%
B. 3%
C. 3.5%
Based on the Consumer Price Index, the Federal Reserve seeks to maintain inflation at 2%. (CPI)
Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.
The rate at which the cost of goods and services increases is known as inflation.
Demand-pull inflation, cost-push inflation, and built-in inflation are the three categories into which inflation is sometimes divided.
Learn more about inflation here:
https://brainly.com/question/28136474
#SPJ9
Question 27 pts OSHA, the Occupational Safety and Health Administration, has notified you that your company is legally required to install safety rails around the large vats of chemicals in your factory. You need to follow their order so that you are: Group of answer choices in compliance. licensed. insured. contracted.
What are the two most important factors in the process of generating oil from organic remains?.
The two most important factors in the process of generating oil from organic remains are temperature and time.
Organic material must be converted into oil at high temperatures. For oil formation, a temperature range between 60°C and 120°C is thought to be ideal. The organic material may decompose into natural gas at higher temperatures.
Oil formation is a slow process that may take millions of years to complete. The likelihood of oil formation increases with the amount of time organic material is exposed to high temperatures. Additionally the time needed for oil generation is influenced by how deeply the organic material is buried.
Learn more about Organic material at:
brainly.com/question/30609373
#SPJ4
Jua kali Furniture Makers do not maintain proper book keeping and the following information is available as at: 31/11/19 31/11/20 Kshs. Kshs. Creditors 44,000 37,000 Debtors 100,000 92,000 Prepaid wages - 8,000 Bank 78,000 160,000 Cash 12,000 36,000 Stock 30,000 20,000 Notes: (i) All sales are made on credit (ii) Amounts received from debtors included: cash Kshs.38,000 and cheques Kshs.170,000 (iii)Amounts paid to creditors included: cash Kshs.10,000 and cheques Kshs.47,000 (iv)Expenses for the year included: cash wages Kshs.4,000, wages paid by cheque kshs.24,000 and rent paid by cheque Kshs.12,000 (v) Cash drawings from bank for personal use kshs.5,000
To prepare the financial statement of profit or loss for the year ended 31st November 2020, we need additional information such as the cost of goods sold, other expenses, and revenue from sales.
Without this information, we cannot prepare a complete statement of profit or loss and other comprehensive income. However, we can prepare the statement of financial position (balance sheet) as at 31st November 2020, as follows:
Jua Kali Furniture Makers
Statement of Financial Position as at 31st November 2020
ASSETS 31/11/19 31/11/20
Kshs. Kshs.
Non-Current Assets
None - -
Current Assets
Debtors 100,000 92,000Prepaid wages - 8,000Bank 78,000 160,000Cash 12,000 36,000Stock 30,000 20,000Total Current Assets 220,000 316,000TOTAL ASSETS 220,000 316,000
LIABILITIES AND EQUITY
Current Liabilities
Creditors 44,000 37,000Total Current Liabilities 44,000 37,000Equity
Capital 176,000 279,000Total Equity 176,000 279,000TOTAL LIABILITIES AND EQUITY 220,000 316,000
Notes:
The increase in debtors from Kshs. 100,000 to Kshs. 92,000 shows that the company has collected Kshs. 38,000 in cash and Kshs. 170,000 in cheques from debtors during the year.The decrease in creditors from Kshs. 44,000 to Kshs. 37,000 shows that the company has paid Kshs. 10,000 in cash and Kshs. 47,000 in cheques to creditors during the year.The increase in bank from Kshs. 78,000 to Kshs. 160,000 shows that the company has deposited Kshs. 82,000 into the bank during the year.The increase in cash from Kshs. 12,000 to Kshs. 36,000 shows that the company has received Kshs. 26,000 in cash from sales and other sources during the year.The decrease in stock from Kshs. 30,000 to Kshs. 20,000 shows that the company has sold Kshs. 10,000 worth of goods during the year.The increase in prepaid wages from Kshs. 0 to Kshs. 8,000 shows that the company has paid Kshs. 8,000 in advance for wages to be paid in the next period.The drawings of Kshs. 5,000 for personal use are not reflected in the statement of financial position, as they are not a liability or an asset of the company.In conclusion, while we cannot prepare a complete statement of profit or loss and other comprehensive income without additional information, we can use the available information to prepare the statement of financial position for Jua Kali Furniture Makers as at 31st November 2020.
Learn more about financial statement: https://brainly.com/question/26240841
#SPJ11
trip advisor has roughly 661 million evaluations that cover about 7.7 million accommodations, airlines, experiences, and restaurants, tripadvisor doesn't require a booking in order to write a critique. tripadvisor is an example of a .
Since trip advisor has roughly 661 million evaluations that cover about 7.7 million accommodations, airlines, experiences, and restaurants, tripadvisor doesn't require a booking in order to write a critique. TripAdvisor is an example of option c. review site.
What exactly are review websites, and how do they operate?Review portals are websites that compile client feedback and make it public. The idea is to group and double-check user reviews of goods, services, or businesses in order to give other users later meaningful access.
People's purchasing decisions sometimes include product reviews, and there are numerous review websites. Companies are prepared to pay people to write evaluations for them because they understand that doing so will increase their profits if their items receive favorable feedback.
Therefore, A review site is a website where users can post reviews of other users, organizations, goods, and services. These websites may employ professional writers to write reviews or they may use Web 2.0 tactics to collect user reviews.
Learn more about review from
https://brainly.com/question/27991472
#SPJ1
See full question below
rip Advisor has roughly 661 million evaluations that cover about 7.7 million accommodations, airlines, experiences, and restaurants, TripAdvisor doesn't require a booking in order to write a critique. TripAdvisor is an example of a O a. search site O b. location-based social networking site O c. review site O d. social bookmarking site
compared to going to college, working directly after high school has the following advantages except
earning money sooner and avoiding the cost of tuition
expanding career growth that never requires further training
learning about the industry
Answer:
Expanding career growth that never requires further training