Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Stylist Services Co.: Marlena Fenton, Capital $880,000 Marlena Fenton, Drawing 11,000 Fees Earned 520,400 Wages Expense 488,000 Rent Expense 65,000 Supplies Expense 11,200 Miscellaneous Expense 13,900 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.
Answers
Answer:
Date General Journal Debit ($) Credit ($)
July 31 Fees Earned 520,400
Wages Expense 488,000
Rent Expense 65,000
Supplies Expense 11,200
Miscellaneous Expense 13,900
Marlena Fenton, Capital (57,700)
(To close Revenue and Expense accounts)
July 31 Marlena Fenton, Capital 11,000
Marlena Fenton, Drawing 11,000
Explanation:
Marlena Fenton, Capital = $880,000
Marlena Fenton, Drawing = $11,000
Fees Earned = $520,400
Wages Expense = $488,000
Rent Expense = $65,000
Supplies Expense = $11,200
Miscellaneous Expense = $13,900
Marlena Fenton, Capital = $520,400 -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)
Related Questions
THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Answers
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
Find out more on income statements at https://brainly.com/question/21851842
#SPJ1
Determine if each of the following plans are short term, long term, or operational
1) Get a job in the industry I am targeting at a company I admire
A) Short Term
B) Long Term
C) Operational
2) Get an A in Introduction to Management class so that I can learn about the discipline and strengthen my GPA
A) Short Term
B) Long Term
C) Operational
Answers
The correct options of the given cases are:
(1). Long term plan.
(2). Short term plan.
What is the long, short and operational term plan?Long term plan:
Long-term planning shows how an individual's business can be productive over a continuing period, long term period may be more than 1 or 2 years.
Short term plan:
Short term planning defines the today's performance and creates an action plan for improving the performances daily.
Operational plan:
An operational plan is defined as the strategic document that describes every the preparation associated to day-to-day operations and procedures necessitated for beating a flourishing business.
The first case, if a person getting a job in a company in which he is targeting, is the long term plan as he is thinking about the long term plan to work.
In the second case, If a person gets an Introduction to Management class so that I can learn about the discipline and strengthen my GPA is the short term planning as he makes the decisions daily.
Therefore, the correct option in case 1 and 2 are (B) and (A).
Learn more about operational plans, refer to:
https://brainly.com/question/13397937
What is yall favorite sport to play? And why?
Answers
Please mark me brainliest
Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
Answers
Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way of behaving is a genuine assertion.
judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.
He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.
Learn more about judicial way , from :
brainly.com/question/1407164
#SPJ1
Two companies, Ghost and Phantom manufacture similar printer color cartridges. The following data for the two companies for the year 2020 are provided below:
Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Required:
1- Calculate the Break Even Point (BEP) in dollars for each company.
2- Calculate the percentage margin of safety for each company.
3- If sales of the product in Ghost company are equal to 3,000 units, determine the BEP (in units), and present the Break-even chart.
4- In 2020, Phantom plans to increase the variable cost by $4 while the fixed cost and the selling price will remain constant. Calculate the number of units to be sold in order to earn the same profit as Ghost in 2020 (the number of units for both Phantom and Ghost is equal to 3000).
5- Based on your answers to parts 1 and 2, Discuss which company has a safer financial position, and why.
Answers
1. The calculation of the break-even point in dollars is
Ghost ($) Phantom ($)
Break-even Point in dollars $45,000 $48,000
($27,000/60%) ($28,800/60%)
2. The calculation of the percentage margin of safety is as follows:
Ghost ($) Phantom ($)
Percentage margin of safety 50% 55.6%
($45,000/$90,000 x 100) ($60,000/$108,000 x 100)
The margin of safety = Sales revenue - break-even revenue
= $45,000 $60,000
3. The determination of the break-even units in Ghosts Company is as follows:
= Fixed costs/Contribution margin per unit
= 1,500 units ($27,000/$18)
4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 from $14) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).
What is a break-even chart?A breakeven chart shows the sales volume level at which total costs equal sales revenue.
In a break-even chart, losses are incurred below the break-even point, and profits are earned above the break-even point
Thus, the break-even chart plots revenue, fixed costs, and variable costs on the vertical axis, and volume on the horizontal axis.
Data and Calculations:Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Variable costs = $36,000 $43,200 ($108,000 x 40%)
Contribution margin $54,000 $64,800
Fixed costs = $27,000 $28,800 ($72,000 - $43,200)
Contribution margin ratio 60% 60% (100% - 40%)
1. Break-even Point in dollars $45,000 $48,000 ($28,800/60%)
2. Percentage margin of safety 50% 55.6% ($60,000/$108,000 x 100)
The margin of safety = Sales revenue - break-even revenue
= $45,000 $60,000
3. Break-even units in Ghosts Company = Fixed costs/Contribution margin per unit
= 1,500 units ($27,000/$18)
Sales price per unit = $30 ($90,000/3,000)
Variable cost per unit = $12 ($36,000/3,000)
Contribution margin per unit = $18 ($30 - $12)
4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 or $14 + $4) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).
Sales price per unit = $36 ($108,000/3,000)
Variable cost per unit = $18.40 ($55,200/3,000)
Contribution margin per unit = $18 ($36 - $18)
Learn more about the break-even analysis at https://brainly.com/question/21137380
Establishment Industries borrows $890 million at an interest rate of 8.5%. Establishment will pay tax at an effective rate of 21%. What is the present value of interest tax shields if:
Answers
Answer: See explanation
Explanation:
Your question isn't complete but I got a similar question online and here is the question that was asked.
What is the present value of interest tax shields if it expects to maintain this debt level into the far future?
The present value of the interest tax shield will be calculated as:
= Tax rate x Debt
= 890million x 21%
= $186.90 million
Michelle is typing an e-mail to team members. The e-mail includes some issues that were discussed during a meeting and decisions that were made. Michelle is writing the _____.
Answers
Answer:
issues that were discussed in the meeting
Explanation:
Forward Co. discarded a machine that cost $5,000 and was fully depreciated. The entry to record this transaction would include a credit to the
account.
Answers
Based on the fact that Forward Co. discarded a machine with cost $5,000, the entry to record this transaction in the books would include a credit to Machinery.
How do you dispose of fixed assets?When fixed assets are to be disposed of, the accumulated depreciation upt to that point is looked at to calculate the net book value.
This would then show the company if they made a profit or a loss when they sold the fixed asset with a profit being made when the selling price is higher than the net book value.
Regardless of the price the fixed asset is sold at, the company would record a credit to the fixed asset (machinery) account to show that the fixed asset account is decreasing.
In conclusion, there will be a credit to machinery.
Find out more on disposing fixed assets at https://brainly.com/question/14542603
#SPJ1
If you own a business that operates in a certain building then you are liable for the condition of the building.
True
False
Answers
A contingent liability: multiple choice is only remotely possible. cannot be estimated. will result from a future event. is a potential liability that has arisen because of a past event or transaction. will only result when a remote event becomes probable. is remotely estimable and probable
Answers
Answer:
is a potential liability that has arisen because of a past event or transaction.
Explanation:
A contingent liability is a potential liability that has arisen because of a past event or transaction.
Some of the characteristics of contingent liabilities includes being remote, probable, estimable, and reasonably possible.
In order to record a contingent liability as a liability on a company's balance sheet, it must be probable (likely to occur) and subject to estimate.
Hence, companies are advised to record the contingent liabilities so as to meet the Generally Accepted Accounting Principles (GAAP) and IFRS requirements.
The following transactions were completed by the company.
a. The company completed consulting work for a client and immediately collected $5,500 cash earned.
b. The company completed commission work for a client and sent a bill for $4,000 to be received within 30 days.
c. The company paid an assistant $1,400 cash as wages for the period.
d. The company collected $1,000 cash as a partial payment for the amount owed by the client in transaction b.
e. The company paid $700 cash for this period's cleaning services.
Required:
Write the impact of each transaction on individual items of the accounting equation.
Answers
Therefore we can conclude that the attachment i.e. attached represent the impact of the given transactions on the accounting equation.
Learn more about the accounting equation here: brainly.com/question/14689492
Answer:
OFOFORORIEIEJEJEJEE OFORORIEIEJEJEJEE DE CE EȘTI TU EȘTI ÎN CĂUTAREA DE FURNIZORI ȘI PARTENERI DE LA DE UN MILION BUNĂ ZIUA ÎN AMIAZA BUNĂ ZIUA ÎN AMIAZA
How does a 12 year old get a lot of money
Answers
Answer:
babysitting, walking dogs, mowing lawns, shoveling snow,
Explanation:
Answer:
Explanation:
1)) babysitting
2)) small bussiness
3)) pet sitting
4)) yard work
5)) house sitting
6)) household work
7)) odd jobs
GL!
Prepare the journal entry to record Regis’s employer payroll taxes resulting from the January 8 payroll. Regis’s state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.
Answers
Answer:
1a.
FICA-Social Security 5,369.20
FICA-Medicare 1,255.70
FUTA 519.60
SUTA 4,676.40
1B.
Dr Office salaries expense 25,760.00
Dr Sales salaries expense 60,840.00
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr Employee fed. inc. taxes payable 12,760.00
Cr Employee medical insurance payable 1,440.00
Cr Employee union dues payable 780.00
Cr Salaries payable 64,995.10
2.
Dr Payroll taxes expense 11,820.90
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr State unemployment taxes payable 4,676.40
Cr Federal unemployment taxes payable 519.60
Explanation:
1a. Calculation for the amounts for each of these four taxes of Regis Company.
REGIS Company’s:
Tax January 8 earnings
Subject to tax ×Tax Rate= Tax Amount
FICA-Social Security
86,600× 6.20%= 5,369.20
FICA-Medicare 86,600×1.45%= 1,255.70
FUTA 86,600×0.60%=519.60
SUTA 86,600× 5.40% =4,676.40
1B. Preparation of the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities
Jan 8
Dr Office salaries expense 25,760.00
Dr Sales salaries expense 60,840.00
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr Employee fed. inc. taxes payable 12,760.00
Cr Employee medical insurance payable 1,440.00
Cr Employee union dues payable 780.00
Cr Salaries payable 64,995.10
2. Preparation of the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll
Jan 8
Dr Payroll taxes expense 11,820.90
(5,369.20+1,255.70+4,676.40+519.60)
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr State unemployment taxes payable 4,676.40
Cr Federal unemployment taxes payable 519.60
Calculation for the amount Subject to tax
Office salaries $25,760
Sales salaries $60,840
Subject to tax=$86,600
Using the service blueprint, make a list of all the potential key service failure points and the associated customer expectations. For example a service failure point with expectations is: check-in should be fast and hassle free. You should find 10 to 15 service failure points.
Answers
Using a service blueprint, a list of potential key service failure points and their associated customer expectations would depend on the industry and the customer preference.
What are some potential key service failure points ?Some general key service failure points would include:
Check-in should be fast and hassle-free.Staff should be knowledgeable and able to provide accurate information.Service should be delivered within the promised timeframe.Billing and payment processes should be transparent and error-free.Facilities should be clean, well-maintained, and comfortable.Communication should be clear and timely, keeping customers informed about any delays or changes.Staff should be friendly, courteous, and attentive to customer needs.Resolving complaints and addressing issues should be handled promptly and effectively.Product or service quality should meet or exceed customer expectations.Personal data and privacy should be protected and kept secure.Service should be personalized and tailored to individual customer preferences when possible.Any service disruptions or interruptions should be minimized and resolved quickly.Accessibility should be ensured for customers with special needs or disabilities.Service recovery actions should be proactive and designed to restore customer satisfaction after a service failure.Any additional fees or charges should be clearly communicated upfront to avoid surprises.Find out more on service points at https://brainly.com/question/15580877
#SPJ1
Arnold Vimka is a venture capitalist facing two alternative investment opportunities. He intends to invest $1 million in a start-up firm. He is nervous, however, about future economic volatility. He asks you to analyze the following financial data for the past year’s operations of the two firms he is considering and give him some business advice.Company Name
Larson Benson
Variable cost per unit (a) $ 18.00 $ 9.00
Sales revenue (8,100 units × $31.00) $ 251,100 $ 251,100
Variable cost (8,100 units × a) (145,800 ) (72,900 )
Contribution margin $ 105,300 $ 178,200
Fixed cost (25,000 ) (97,900 )
Net income $ 80,300 $ 80,300
Required:
1. Use the contribution margin approach to compute the operating leverage for each firm.
2. If the economy expands in coming years, Larson and Benson will both enjoy a 11 percent per year increase in sales, assuming that the selling price remains unchanged. Compute the change in net income for each firm in dollar amount and in percentage. (Note: Since the number of units increases, both revenue and variable cost will increase.)
3. If the economy contracts in coming years, Larson and Benson will both suffer a 11 percent decrease in sales volume, assuming that the selling price remains unchanged. Compute the change in net income for each firm in dollar amount and in percentage. (Note: Since the number of units decreases, both total revenue and total variable cost will decrease.)
Answers
Answer:
Arnold Vimka
1. Operating leverage, using the contribution margin approach:
Larson Benson
Operating leverage 1.31 2.22
2. Change in net income for each firm in dollar amount and in percentage, following 11% increase in the units sold:
Larson Benson
Variable cost per unit (a) $ 18.00 $ 9.00
Sales revenue (8,991 units × $31.00) $278,721 $ 251,100
Variable cost (8,991 units × a) (161,838 ) (80,919 )
Contribution margin $ 116,883 $ 170,181
Fixed cost (25,000 ) (97,900 )
Net income $ 91,883 $ 72,281
Net income $ 80,300 $ 80,300
Change in net income ($) $11,583 ($8,019)
Change in net income (%) + 14.42% -9.99%
3. Change in net income for each firm in dollar amount and in percentage, following 11% decrease in the units sold:
Larson Benson
Variable cost per unit (a) $ 18.00 $ 9.00
Sales revenue (7,209 units × $31.00) $ 223,479 $ 223,479
Variable cost (7,209 units × a) (129,762 ) (64,881 )
Contribution margin $ 93,717 $ 158,598
Fixed cost (25,000 ) (97,900 )
Net income $ 68,717 $ 60,698
Net income $ 80,300 $ 80,300
Change in net income($) -$11,583 ($19,602)
Change in net income (%) -14.42% -24.4%
Explanation:
a) Data and Calculations:
Larson Benson
Variable cost per unit (a) $ 18.00 $ 9.00
Sales revenue (8,100 units × $31.00) $ 251,100 $ 251,100
Variable cost (8,100 units × a) (145,800 ) (72,900 )
Contribution margin $ 105,300 $ 178,200
Fixed cost (25,000 ) (97,900 )
Net income $ 80,300 $ 80,300
Contribution margin approach to computing the operating leverage:
= Contribution margin/net operating income
Larson Benson
Contribution margin $ 105,300 $ 178,200
Net operating income $ 80,300 $ 80,300
Operating leverage 1.31 2.22
Submission Requirements Hurry Pls Help ASAP!!!
Nine hundred word response.
When submitting written assignments, please remember to:
Submit the assignment question(s) and your responses.
Proofread for spelling, grammar, and punctuation.
Remember complete sentence structure.
Paragraphs need to have minimum of six sentences.
Submit your E.T.H.I.C.S. model of one of the provided scenarios.
Answers
When submitting written assignments, please remember to Proofread for spelling, grammar, and punctuation. Hence, option B is correct.
What is meant by Proofread?Proofread is the double-checking of the written assignment or the work that is being already done to the person. It helps the person to identify the little mistakes that they have made during the making of the assignment.
Proofread is always a better solution to understand the work and makes the work complete and perfect. After Proofread, one can identify their mistakes and make them correct.
Thus, option B is correct.
For more details about Proofread, click here:
https://brainly.com/question/11845575
#SPJ1
Blue Skies Inc. is a retail gardening company that is piloting a new strategic initiative aimed at increasing gross profit. Currently, the company’s gross profit is 25% of sales, and its target gross profit percentage is 30%. The company’s current monthly sales revenue is $480,000.
The new initiative being piloted is to produce goods in-house instead of buying them from wholesale suppliers. Its in-house production process has two procedures. The makeup of the costs of production for Procedure 1 is 40% direct labor, 45% direct materials, and 15% overhead. The makeup of the costs of production for Procedure 2 is 50% direct labor, 25% direct materials, and 25% overhead. Assume that Procedure 1 costs twice as much as Procedure 2.
Required:
Determine what the cost of labor, materials, and overhead for both Procedures 1 and 2 would need to be for the company to meet its target gross profit.
1. Cost makeup of Procedure 1:
Direct Labor
Direct Materials
Overhead
Total
2. Cost makeup of Procedure 2:
Direct Labor
Direct Materials
Overhead
Total
Answers
Answer:
Cost of Procedure 1: $268,800
Cost of Procedure 2: $134,400
Explanation:
Sales $480,000.
Gross Profit 25% of $480,000.= $ 120,000
Cost of Goods Sold = 480,000-120,000= $ 360,000
Procedure 1 costs twice as much as Procedure 2
Process 1 costs $ 240,000 Process 2 costs $ 120,000
To get a gross profit of 30% the sales would increase by
0.25 480,000
0.3 x
x= 480,000*0.3/0.25= $576,000
Sales $576,000.
Gross Profit 30% of $576,000.= $ 172,800
Cost of Goods Sold = 576,000-172,800= $ 403,200
Procedure 1 costs twice as much as Procedure 2
Process 1 costs $ 268,800 Process 2 costs $ 134,400
Procedure 1
1. Cost makeup of Procedure 1:
45% direct materials, = 45% of $ 268,800 = $ 120,960
40% direct labor, = 40% of $ 268,800 = $ 107,520
15% overhead.= 15% of $ 268,800 = $ 40,320
Total $268,800
Procedure 2
2. Cost makeup of Procedure 2
25% direct materials,=25% of $ 134,400 = $ 33,600
50% direct labor,= 50% of $ 134,400 = $ 67,200
25% overhead.=25% of $ 134,400 = $ 33,600
Total 134,400
1. Cost makeup of Procedure 1:
Direct materials, $ 120,960
Direct labor, $ 107,520
Overhead. $ 40,320
Total $268,800
Procedure 2
2. Cost makeup of Procedure 2
Direct materials $ 33,600
Direct labor, $ 67,200
Overhead. $ 33,600
Total 134,400
Leimersheim GmbH has adopted the following policies regarding merchandise purchases and inven-
tory. At the end of any month, the inventory should be €15,000 plus 90% of the cost of goods to be
sold during the following month. The cost of merchandise sold averages 60% of sales. Purchase terms
are generally net, 30 days. A given month’s purchases are paid as follows: 20% during that month and
80% during the following month.
Purchases in May had been €150,000 and the inventory on May 31 was higher than planned
at €230,000. The manager was upset because the inventory was too high. Sales are expected to be
June, €300,000; July, €290,000; August, €340,000; and September, €400,000.
1. Compute the amount by which the inventory on May 31 exceeded the company’s policies.
2. Prepare budget schedules for June, July, and August for purchases and for disbursements for
purchases.
Answers
1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.
2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:
a) Purchases:May June July August
Cost of goods sold 180,000 174,000 204,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600
Purchases €150,000 121,600 201,000 236,400
b) Disbursement for purchases:May June July August
20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
How is the difference between actual inventory and inventory per company policy determined?Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.
Cost of goods sold = 60% of sales
Purchase terms = net 30 days
Purchase payments:
20% during the month
80% following month
May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Purchases €150,000
Ending Inventory €230,000
= €15,000 plus 90% of €180,000 = €177,000
Excess ending inventory for May = €53,000 ( €230,000 - €177,000)
Data and Calculations:Purchases:May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600 231,000
Purchases €150,000 121,600 201,000 236,400
Disbursement for purchases:20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
Learn more about Purchases Budgets at https://brainly.com/question/17076342
#SPJ1
Which of these standard forms is used to document an agreement between a seller and a listing broker to cease marketing a property?
a. Cancellation of Listing (Modification of Terms)
b. Buyer and broker (Buyer and salesperson)
c.Chimney/fireplace (foundation)
d. Allows you to specialize (Gives you broad experience)
Answers
The a. Cancellation of Listing (Modification of Terms) is the standard forms that is used to document an agreement between a seller and a listing broker to cease marketing a property.
The Cancellation of Listing (Modification of Terms) is an agreement between a seller and a listing broker to cease marketing a property. This form is used to document the agreement and outlines the terms and conditions of the cancellation.
It is important for both the seller and the listing broker to understand the details of the agreement to ensure their rights and obligations are protected. This form can be customized to the unique needs of the parties involved and should be reviewed carefully prior to signing.
To learn more about seller, click here:
https://brainly.com/question/906651
#SPJ4
On July 31, 2022, Blossom Company had a cash balance per books of $6,350.00. The statement from Dakota State Bank on that date showed a balance of $7,900.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3. 4. 5. 6. The bank service charge for July was $17.00. The bank collected $1,625.00 from a customer for Blossom Company through electronic funds transfer. The July 31 receipts of $1,306.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $364.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $346.00. Checks outstanding on July 31 totaled $1,947.10. On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W. Krueger, a customer, on account.
Answers
Answer: The preparation of bank reconciliation is shown below! :D
(btw if this helped you, could you give me brainliest? :D)
Explanation:
Blossom Company
Bank Reconciliation Statement
July 31
bank statement balance $7,845.80
Add:
Deposits Outstanding: $1,349.30
Total of Additions: $1,349.30
Deduction:
Outstanding checks: $1,988.10
Total Deductions: $1,988.10
Adjusted bank balance: $7,207.00
Balance in books: $6,295.00
Additions
Collection of EFT: $1,675.00
Total Additions : $1,675.00
Deductions:
Incorrect recording
of check Number 2480 $9.00
($354 - $345)
Bank Service charges: $24.00
NSF Check: $730.00
Total Deductions: $763.00
Book balance adjusted: $7,207.00
A company reported net income of $260,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000 and $23,000 respectively. Ending balances in these accounts were $13,500 and $28,000, respectively. Assuming that all relevant information has been presented, what is the company's net cash flows from operating activities
Answers
Answer:
$260,500
Explanation:
Cash flow from Operating Activities
Net income $260,000
Adjustment for changes in working capital :
Decrease in Accounts Receivable ($4,500)
Increase in Accounts Payable $5,000
Net Cash From Operating Activities $260,500
Shantel has a checking account balance of $318.59. She wrote a check to United farmers Market for $52.17. What is Shantel's new checking account balance?
Answers
Answer:
$266.42
Explanation:
$318.59-$52.17=$266.42
If a specific economy has extra capital resources available,
be able to produce top-quality goods and services.
continually look to expand and invest.
be able to produce more goods and services needed and wanted by society.
have additional labor available to focus on production.
this
Answers
Answer: A
Be able to produce top-quality goods and services
If a specific economy has extra capital resources available, be able to produce more goods and services needed and wanted by society.
What is an economy?An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
These elements determine the parameters and conditions under which an economy operates in addition to providing background and content. In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
Individuals, companies, organizations, or governments all qualify as economic actors. When two persons or organizations agree on the value or price of the good or service being exchanged, which is typically stated in a particular currency, an economic transaction takes place.
Learn more about economy, here
https://brainly.com/question/2421251
#SPJ6
New ideas that one cluster or industry discovers can be interesting for those of another. Sometimes, the ideas that are imagined require the help of people from other career clusters, much like Aniyah’s community garden project.
In this activity, listen carefully to Stuart Oda explain the career he chose, what his focus is, and how the idea is working. Can you identify the career cluster that Mr. Oda belongs to? Can you identify his possible job? Perhaps do some research on what his career entails. What types of skills or talents make Mr. Oda successful at his job?
Then, see if you can think of a professional from the other two clusters we considered in this unit who would be interested in learning more about Mr. Oda’s project.
Need ideas for which careers might intersect with Mr. Oda? Check out the career clusters at blah blah blah to get a list of different career titles in that cluster. Once you have decided which professional would be interested in hearing Mr. Oda’s project, research a bit of information on that career. What is its focus? What types of tasks would this person be involved in?
Now that you have some examples of those who might be interested in Mr. Oda’s Ted Talk and the reasons why, you will create a brief advertisement that will be emailed to the professionals in each of the three clusters, inviting them to tune in to learn more. Your advertisement only needs to be a paragraph or so long. It must explain what Mr. Oda’s talk is about and why a professional like themselves might be interested in listening. Make sure you identify how the ideas in Mr. Oda’s talk could contribute to advances in their own field. Connect the skills or talents that Mr. Oda displays with those that the reader may possess.
Using a word processing document, create three advertisements geared towards the professionals from each career cluster: Agriculture, Food, and Natural Resources, Energy, and Health Science.
Please answer all the questions thank you!
Answers
Using a word processing document, the three advertisements geared towards the professionals from each career cluster: Agriculture, Food, and Natural Resources, Energy, and Health Science is given below
What are the advertisements ?The three advertisements geared towards professionals in the agriculture, food, and natural resources career cluster:
"Join the leading agribusiness company in the world! Our team of experts is dedicated to providing innovative solutions to feed a growing population and sustainably use natural resources. As a member of our team, you'll have the opportunity to work on the cutting edge of agriculture and make a real impact on the world. Apply now to join our team!""Looking for a rewarding career in the food industry? We're seeking passionate professionals to join our team at [Company Name], a leader in the production and distribution of quality food products. Whether you're a food scientist, agricultural engineer, or a sales and marketing expert, we have opportunities for you to grow and succeed in the field. Apply now and take the first step towards a fulfilling career in food!""Do you have a love for nature and the outdoors? Join the team at [Company Name], a leader in the conservation and management of natural resources. As a professional in our organization, you'll have the opportunity to work on projects ranging from land and water conservation to renewable energy development. Apply now and make a difference in the world!"Here are three advertisements geared towards professionals in the energy career cluster:
"Join the renewable energy revolution! [Company Name] is seeking talented professionals to join our team as we lead the way in the development and deployment of clean, renewable energy solutions. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the world. Apply now and be a part of the energy future!""Looking for a challenging and rewarding career in the energy industry? [Company Name] is seeking talented professionals to join our team as we work to provide reliable and affordable energy solutions to customers around the world. Whether you're an engineer, a finance expert, or a business development professional, we have opportunities for you to grow and succeed in the field. Apply now and take the first step towards a fulfilling career in energy!""Do you have a passion for sustainability and the environment? [Company Name] is seeking professionals to join our team as we work to reduce our carbon footprint and transition to a more sustainable energy future. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the world. Apply now and be a part of the energy revolution!"Here are three advertisements geared towards professionals in the health science career cluster:
"Join the healthcare revolution! [Company Name] is seeking talented professionals to join our team as we work to transform the healthcare industry and improve patient outcomes. Whether you're a doctor, nurse, or a healthcare administrator, we have opportunities for you to grow and succeed in the field. Apply now and make a difference in the lives of others!""Looking for a rewarding career in the healthcare industry? [Company Name] is seeking passionate professionals to join our team as we work to advance the field of medicine and improve patient care. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the lives of others. Apply now and take the first step towards a fulfilling career in healthcare!""Do you have a passion for helping others? [Company Name] is seeking professionals to join our team as we work to provide top-quality healthcare services to patients around the world. Whether you're a clinician, a researcher, or a healthcare policy expert, we have opportunities for you to grow and succeed in the field. Apply now and make a difference in the lives of othersLearn more about advertisements from
https://brainly.com/question/1658517
#SPJ1
how does a persons work experience affect their pay wage?
Answers
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
How are society and culture related?
1.While culture, as the collection of beliefs and values of a group of people, strongly affects society, a particular society does not have any kind of impact on its
culture.
2.Both society and culture are important to groups of people, but they are entirely
separate from one another.
3.A society is a group of people who live in the same area and share a culture, and
culture is made up of elements, such as language, that tie the society together.
4.A culture is a group of people who live together, and a society is the values,
beliefs, and behaviors that they all share.
Answers
As both entail a community of people residing in one place, society and culture are intimately intertwined. While culture refers to the ideas, values, and standards that influence a society's behaviour, society is the collective behaviour of a collection of people.
Language, religion, and customs are examples of cultural components that bind a community together and give it a feeling of identity.
A society's values and beliefs shape how its members interact with one another and the outside world, therefore a society's culture also has an impact on it. Although culture and society are two separate yet linked concepts.
Learn more about culture at:
https://brainly.com/question/30447976
#SPJ1
on november 15, paulson painting received a $6,000 cash payment from apex inc. in exchange for painting services to be provided in december. when posting the journal entries related to this payment, paulson's accountant debits the cash account for $6,000 and credits service revenue for $6,000. which of the following statements best describes the results of this posting?
Answers
The Cash account's closing balance will be right in Paulson's general ledger. However, the Service Revenue account's final balance will be too high, while the Unearned Service Revenue account's ending balance will be too low.
What exactly is a cash account?A cash account is a business-to-business or business-to-consumer account that operates on an instant payment basis, with no credit extended. The cash account is a mixture of a Cash receipts journal and a cash payment journal and is thus referred to as a "Cash receipts and payment journal".
In accounting, a "cash account" or "cash book" is a daybook used to record all monetary transactions, particularly cash receipts and payments. Because of its twofold significance in accounting, the cash account is regarded as a unique daybook. In accounting, the cash account serves as both a main entry book and a ledger. Due to the presence of two sides: debit and credit, the Cashbook has a twofold influence.
To learn more about the journal, click
https://brainly.com/question/1285692
#SPJ4
Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
For more such question on accountants. visit :
https://brainly.com/question/26690519
#SPJ8
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Do you think it would be worth it to hire an interior designer to decorate your home? Why or why not?
Answers
Answer:
Yes..... Because you wouldn't have to get all the equipment they come prepared