west county bank agrees to lend drake builders company $400,000 on january 1. drake builders company signs a $400,000, 6%, 6-month note. what is the adjusting entry required if drake builders company prepares financial statements on march 30?
Answers
Interest Expense: $6,000 Interest Payable: $6,000 $400,000 multiplied by.06% by 3/12 equals $6,000 (face value multiplied by 6% by 3/12).
What is face value? Face value is the dollar value as stated by the issuer of any security when issuing. The nominal value is the fundamental concept of the stock market. This value remains fixed when publicly traded firms offer stocks through the IPOs (Initial Public Offerings). This value indicates the price at which you can buy the stocks of any company. Face or nominal value is set up when the company or the firm starts issuing its bonds and shares. In the case of stocks, this value is equal to the original value of the stock as present on the certificate. On the other hand, the claim of bonds is defined as the dollar value to be paid to the investor after the bond gets to its maturity.To learn more about IPOs refer to:
https://brainly.com/question/29314153
#SPJ4
Related Questions
Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account
Answers
Entrepreneur: Ken Kutaragi While employed as a sounds lab specialist at Sony, Ken Kutaragi bought his daughter a Nintendo (a game console made by a competitor of Sony). He found the sound effects primitive and thought he could make improvements to it using a digital sound clip. Consequently, Ken developed the SPC7000 for the next generation of Nintendo machines. On discovery of this innovation, the then CEO of Sony, Norio Ohga, realized its value and did not chastise Ken. Instead, he encouraged Ken to develop a gaming system for Sony, which became the PlayStation. This made Sony a major player in the games market, with PlayStation 2 becoming the best-selling game console of all time. Ken was persistent and he went on to develop other PlayStation products earning him the name The Father of the PlayStation. He was soon rewarded for his significant achievement. He was promoted to the position of Chairman and Chief Executive Officer of Sony Computer Entertainment (SCEI), the video game division of Sony Corporation, and made it into a major profit centre for the Sony Corporation.
(a) Distinguish between creativity and innovation. [6 marks]
(b) Name FIVE things which the management of Sony Computer Entertainment Inc did (in relation to Ken) to promote a culture of creativity. [5 marks]
(c) With reference to the case, identify TWO sources of innovation that was utilized by Kutaragi. [4 mmarks
please help!!
Answers
A creativity was to represent on the different way and innovation was the existing things to the involved new things.
What is innovation?The term innovation refers to the process of creating an idea and invention on particular commodities. The innovations are always easy to work for human. They already exist in goods and services, they also modification is called the innovation.
There are five things to promote the management of Sony Computer Entertainment was the promote a culture of creativity was the new way a digital sound clip, design, eco friendly, reusable, and the other things. Two way of innovation are sound pitch, and volume.
As a result, the conclusion of the sources of innovation and the creativity are the aforementioned.
Learn more about on innovation, here:
https://brainly.com/question/30929075
#SPJ1
In a word document, conduct a cost-benefit analysis where you write all of the costs (monetary and non-monetary) and compare them to all of the benefits (monetary and non-monetary) of our class going on a field trip to Walt Disney World in Orlando, Fl. Be sure to list any alternatives for trip (ex. flying rather than driving, etc.)
(There are 22 Students in the class)
Answers
It should be noted that cost-benefit analysis is the way to compare the costs and benefits of a project expressed in monetary units.
What Is a Cost-Benefit Analysis?A cost-benefit analysis is the systematic process which businesses use on order to analyze which decisions to make and the ones that will be forgo. The cost-benefit analyst simply sums the potential rewards that are expected from a situation and then subtracts the total costs that are associated with taking that action.
The major steps in a cost-benefit analysis
Specify the set of options. Decide whose costs and benefits count. Identify the impacts and select measurement indicators. Predict the impacts over the life of the proposed regulation.Monetize and place dollar values on impacts.Before the class goes on a field trip to Walt Disney World in Orlando, it's important to conduct a cost-benefit analysis that will be used to evaluate all the potential costs and the revenues which the class might generate from the project.
Then, the outcome that is gotten from the analysis will determine whether the project will be financially feasible or whether the company can pursue another project.
Learn more about cost-benefit analysis on:
https://brainly.com/question/12530168
#SPJ1
Define demand and supply
Answers
Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)
Answers
The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.
What is mean?In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.
Given a table for car washing each day,
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
50 45 48 26 47 55
Average for cars washed each day,
Average = sum of cars washed/number of days
sum of cars washed = 50 + 45 + 48 +26 + 47 + 55
the sum of cars washed = 271
total days = 6
average = 271/6 = 45.1667
average car washed each day = 45
If the car wash were open only five days a week, how many cars might be washed per year,
total car washed in year = (number of days)(average car washed)(year week)
total car washed in year = 5 x 45 x 52
total car washed in year = 11,700
Hence average car washed each day is 45 and the total car washed in a year is 11,700.
Learn more about mean;
https://brainly.com/question/521501
#SPJ1
1. What is the attitude banks have toward being required to become members of the Federal Reserve System?
Answers
Answer:
The attitude banks have toward being required to become members of the Federal Reserve System is explained below in details.
Explanation:
Any country chartered bank (mutual or stock-formed) may enhance a segment of the Federal Reserve System. The twelve geographical Reserve Banks conduct state affiliate banks as members of the Federal Reserve System's commission to guarantee strength and endurance in the nation's indigenous businesses and banking system.
The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answers
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
an imperfectly competitive industry subject to potential entry if prices or profits increase is known as a
Answers
An imperfectly competitive industry subject to potential entry if prices or profits increase is known as a contestable market.
A contestable market refers to an industry where firms have the ability to enter and exit the market relatively easily, even if there are existing dominant players. In a contestable market, barriers to entry and exit are low, allowing new firms to enter the industry and compete with existing firms. The key feature of a contestable market is the threat of potential entry if prices or profits increase beyond a certain level. Unlike in perfectly competitive markets, where firms have no market power and entry and exit are unrestricted, contestable markets may have a limited number of firms or even just one dominant firm. However, the presence of potential entrants keeps the existing firms on their toes and prevents them from charging excessively high prices or earning abnormally high profits. The threat of entry acts as a competitive force, ensuring that firms in the industry operate efficiently and provide competitive prices and quality to consumers.
Learn more about contestable market here:
https://brainly.com/question/4444421
#SPJ11
Which represents the greatest acceleration?
200 m/s
200 cm/s2
0.020 km/s2
0.002 km/s2
Answers
Answer:
(3) 0.020km/s²
Explanation:
The option with greatest acceleration is the one with greatest magnitude.
To do this, we have to analyse each if the given options.
1. 200m/s.
This doesn't represent acceleration because acceleration is not measured in m/s. Rather, this option is a measure of velocity..
2. 200 cm/s²
[Convert to m/s²]
= 200 / 100 m/s²
= 2 m/s²
3. 0.020 km/s²
[Convert to m/s²]
= 0.020 * 1000m/s²
= 20m/s²
4. 0.002 km/s²
[Convert to m/s²]
= 0.002 * 1000 m/s²
= 2m/s²
By comparison options 1 through 4, option (3) has the highest magnitude of acceleration.
Hence, 0.020km/s² is the highest acceleration
Both employer and employee are responsible for paying a set percentage of the employee's earnings. What is the name of this payroll tax? Select one: a. Federal Insurance Contributions Act withholdings b. Family Medical Leave Act withholdings c. Employee Retirement Income Security Act withholdings d. Consolidated Omnibus Budget Reconciliation Act withholdings
Answers
The payroll tax that is responsible for the employer and employee paying a set percentage of the employee's earnings is known as "Federal Insurance Contributions Act withholdings". Option A is the answer.
The Federal Insurance Contributions Act (FICA) is a payroll tax levied on both workers and employers in the United States to fund Social Security and Medicare programs. The amount of FICA tax withheld from an employee's paycheck is determined by the employee's income and the current FICA tax rate.
The employer and employee each contribute half of the total FICA tax, which is a set percentage of the employee's gross earnings.The Federal Insurance Contributions Act withholdings option (a) is the correct answer to the given question.
You can learn more about payroll tax at
https://brainly.com/question/31378664
#SPJ11
which of the following is a benefit of credit?
a. allows you to get what you want sooner
b. it damages your credit
c. puts your bank account in surplus
d. you get money back on interest
Answers
Answer:
A
Explanation:
Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT
Answers
The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.
What is the unemployment rate?It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.
In order to reduce it, the government can hire workers for a new project by using tax money
Therefore, option A can help in the reduction of the unemployment rate.
Learn more about the unemployment rate here:
https://brainly.com/question/17255561
what is an imaginary line that extend horizontally from east to west in a globe?
Answers
Answer:
The imaginary east-west horizontal lines, which run parallel to the equator, are called Latitudes or Parallels.Answer:
The imaginary horizontal lines running in east-west direction on the Earth's surface are known as Latitudes or parallels of Latitude as they are Parallel to each other.
Explanation:
when resources are constrained and products use different inputs, the company should produce the product with the:
Answers
Answer: highest contribution margin per unit of constrained resource
Explanation:
Industrial property is protected internationally under the ________ for the protection of industrial property to which nearly 100 countries are signatories.
Answers
Industrial property is protected internationally by the Paris Convention for the Protection of Industrial Property, in which about 100 countries participate.
The system of rights called property also concerns valuable objects themselves and gives individuals legal rights over them. Depending on the type of property, the owner may have the right to properly use it, to modify it, to share it, to redefine it, to rent it, to mortgage it, to sell it, or to separate it from another property. You may have the right to barter, assign, assign, or assign. within the conferred ownership or destroy. However, regardless of the type of property, the owner may have the right to prohibit others from engaging in these activities.
Private, public and collective ownership are the three main forms of ownership recognized in economics and political economy (also called cooperative ownership).
Learn more about property here:
https://brainly.com/question/11007967
#SPJ4
naomi buys last year's best-selling novel, in hardcover, for $13.65. this is with a 35% discount from the original price. what was the original price of the novel?
Answers
The original price of the novel, Original price = $21.
A price refers to the amount of payment/compensation given by one party to another party in exchange for goods and services.
In some cases, the production price is given another name.
If the product is a commercial "commodity", the payment for that product may be referred to as the "price".
Price is the value given to a product or service and is the result of a complex series of calculations, research, understanding and risk taking.
Price is the amount a consumer is willing to pay for a product.
Marketers may compare price to the actual and perceived value of the product while also considering procurement costs, discounts, competitor prices, and retail markups.
100 - 35 = 65%
65% = $13.65
1% = $13.65/65
100% = ($13.65/65) x 100
Original price = $21
To learn more about price from the given link :
brainly.com/question/19091385
#SPJ4
You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,000,000, what is your share?
A. $180,000
B. $190,000
C. $200,000
D. $210,000
Answers
Answer:
The answer is C
Explanation:
I got the answer right lol
Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000 therefore option (C) will be correct.
What is the arithmetic operator?Arithmetic operators are four basic mathematical operations in which summation, subtraction, division, and multiplication involve.,
Division = divide any two numbers or variable called division.
For example 4/8
Profit of business = $1,000,000
Total partner = 4 + 1(ourselve) = 5
Share per partner = Profit of business / total partner
Share per partner = 1000000 / 5 = $200,000
Hence "Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000".
To learn more about the arithmetic operators,
brainly.com/question/25834626
#SPJ2
major differences between service companies and retail or manufacturing companies is that retailers and manufacturers must account for
Answers
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
Inventory and Cost of GoodsInventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
Learn more here:
https://brainly.com/question/15015056
At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?
Answers
Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...
Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.
What is firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.
To learn more about the firm follow the link.
https://brainly.com/question/14693807
#SPJ2
To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "______ ______" for bearing risk in the economy.
Answers
To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "going rate" for bearing risk in the economy.
As a visual depiction of the capital asset pricing model, the securities market line (SML) is a line drawn on a chart (CAPM). By comparing an investment product's expected to return to its degree of risk, the SML can assist in determining if it would provide a good expected return.
The following attributes describe Security Market Line: An investment opportunity cost is very well represented by this. The expected return for a securities or portfolio with a beta value of 0 is the same as the rate of return at which there is no risk. The slope of a security's market line is influenced by the market risk premium.
To know more about Security Market Line here
https://brainly.com/question/29767500
#SPJ4
Legal action taken on a title claimant's behalf to resolve all clouds on title is known as: a. suit for damages; b. foreclosure suit; c. quiet title suit; d. partition suit
Answers
Legal action taken on a title claimant's behalf to resolve all clouds on title is known as a quiet title suit. So the right option is (C) quiet title suit.
This type of legal proceeding is initiated when there are disputes or uncertainties regarding ownership or interests in a property. The purpose of a quiet title suit is to establish a clear and marketable title by eliminating any adverse claims or encumbrances.
During a quiet title suit, the claimant requests the court to examine the chain of title and determine the rightful owner of the property. The court reviews all relevant evidence and documentation to validate the claimant's title and remove any competing or conflicting claims.
This process ensures that the claimant has unambiguous ownership rights and that the property can be freely transferred or sold without legal complications.
A quiet title suit is an important legal mechanism to resolve title issues and provide certainty and security to property owners. It helps protect the rights and interests of individuals by establishing a clear and undisputed ownership status.
By eliminating clouds on titles, such as conflicting claims or unresolved liens, a quiet title suit contributes to the stability and marketability of real estate transactions.
For more questions on: quiet title suit.
https://brainly.com/question/31501658
#SPJ8
A translation exposure report shows,
for each account that is included in the consolidated balance sheet
Multiple Choice
the amount of foreign exchange exposure that exists
for each foreign subsidiary in which the MNC has a material interest
the amount of foreign exchange exposure that exists on a net basis for the firm
the amount of foreign exchange exposure that exists
for each foreign currency in which the MNC has exposure
none of the options
Answers
A translation exposure report shows the amount of foreign exchange exposure that exists for each foreign currency in which the multinational corporation (MNC) has exposure.
Translation exposure refers to the risk of fluctuations in exchange rates affecting the financial statements of a multinational corporation when they consolidate the financial results of their foreign subsidiaries.
When preparing a translation exposure report, the focus is on identifying the foreign currencies in which the MNC has exposure and quantifying the potential impact of exchange rate movements on the consolidated financial statements.
This involves analyzing the assets, liabilities, revenues, and expenses denominated in each foreign currency and assessing the extent to which changes in exchange rates could affect the MNC's financial position and results.
Learn more about translation exposure here:
https://brainly.com/question/32569431
#SPJ11
If Jesse wants to buy a $75,000 10-year term life insurance policy, and the annual premium rate (per $1000 of face value) for his age group is $2. 34, how much is Jesse’s annual premium? a. $175. 50 b. $3,205. 12 c. $234. 00 d. $1,755. 00 Please select the best answer from the choices provided A B C D.
Answers
To calculate Jesse's annual premium for a $75,000 10-year term life insurance policy, we need to multiply the face value by the premium rate per $1000 of face value.
First, we calculate the premium rate for the full face value:
Premium Rate = $2.34 per $1000
Face Value = $75,000
Premium Rate for the full face value = ($2.34 per $1000) * 75
Next, we calculate the annual premium:
Annual Premium = Premium Rate for the full face value * Face Value
Let's perform the calculation:
Premium Rate for the full face value = ($2.34 per $1000) * 75 = $175.50
Annual Premium = $175.50 * $75,000 = $13,162.50
Therefore, the correct answer is:
Jesse's annual premium is $13,162.50, which is not listed among the given answer choices.
Learn more about Premium Rate here:
https://brainly.com/question/32529385
#SPJ11
how do product managers manage their product mix
Answers
Answer:
sorry if this dosent help
Explanation:
Considering the leap from being a product manager to a leadership role, but not sure what’s involved in managing product managers? You’re smart to look into this. The responsibilities of product leadership and the skills required, are very different those of a product manager.
Managing product managers can be an exciting and rewarding career. But before we jump into the details, here’s one key point that might change your perspective.
The letter S in the word INSURABLE stands for
Answers
The word INSURABLE is a term that is used in the insurance industry. The letter S in the word stands for Security, which is the main idea behind insurance policies.
The idea of security is what insurance firms rely on to safeguard their clients in the case of a loss.
Customers can feel confident in the knowledge that they are financially protected in the case of a tragedy or unforeseen incident thanks to the security offered by insurance plans.
Without the assurance that insurance plans offer to both individuals and businesses, many people would be unable to recover financially after a significant loss.
Security is symbolized by the letter S in the word "INSURABLE," which serves as a reminder of the value of insurance in preventing monetary losses.
To know more about insurance,
https://brainly.com/question/25855858
#SPJ4
A business is having trouble keeping up with the competition. They cannot
respond to their customers like the competition. Which type of system will
likely be able to help them solve this issue?
O A. Management communication system
B. Management information system
O C. Transaction processing system
D. Decision support system
Answers
Answer:a
Explanation:
Manage communication system
The basic functions of the management process include all of the following EXCEPT. ______. A) planning. B) organizing. C) outsourcing. D) leading.
Answers
The basic functions of the management process include all of the following EXCEPT outsourcing. So, the correct answer is C) outsourcing.
The basic functions of the management process are planning, organizing, and leading. Planning involves setting goals, defining strategies, and outlining the actions necessary to achieve objectives.
Organizing entails arranging resources, assigning tasks, and establishing a structure to facilitate efficient operations. Leading involves motivating and guiding employees towards the accomplishment of goals.
On the other hand, outsourcing refers to the practice of contracting out certain tasks or functions to external parties rather than handling them internally.
While outsourcing can be a strategic decision made by management to leverage external expertise or reduce costs, it is not considered one of the core functions of the management process.
Outsourcing is not considered one of the core functions of the management process. It is a business strategy where a company contracts out certain tasks or operations to external parties.
While outsourcing decisions may be made by management, it is not a fundamental function of the management process itself. Therefore, the correct option for the given question is option C) outsourcing.
To know more about outsourcing refer here:
https://brainly.com/question/29544430#
#SPJ11
Banks offer various FX services to Multinational
Enterprises. Briefly explain the characteristics of such banks
dealing with FX businesses
Answers
The foreign exchange market's characteristics include strong liquidity. The world's most easily liquefiable financial market, according to Market in Motion, is the foreign currency market. The structure of the foreign exchange market is continually evolving works continuously.
Banks help customers with their foreign exchange transactions and manage their own trading desks for speculative trades. The bid-ask spread is a representation of the bank's profits when it acts as a dealer for customers. To profit from currency swings, speculative currency trades are made.
Foreign exchange dealers are known to: A) connect buyers and sellers of currencies, but they never acquire and maintain an inventory of currencies for resale. B) serve as market makers, prepared to purchase and sell the currencies in which they have expertise.
Learn more about foreign exchange, here:
https://brainly.com/question/14974010
#SPJ4
Which one of these statements is true?A. The exchange markets are limited to the currencies of highly developed countries.B. Importers and exporters are key players in the foreign exchange market.C. The trading floor of the foreign exchange market is located in London, England.D. Foreign exchange rates are set by the governments of each country issuing a currency.E. Foreign exchange market is the world’s smallest financial market
Answers
Out of the statements given, the one that is true is: B. Importers and exporters are key players in the foreign exchange market.
The foreign exchange market, also known as the forex market, is a decentralized market where currencies are traded. It is the world's largest financial market, with daily trading volume reaching up to $6.6 trillion. The market is not limited to the currencies of highly developed countries, as currencies from all around the world are traded.
Importers and exporters are key players in the forex market as they need to exchange currencies in order to buy and sell goods across borders. They use the market to manage their foreign exchange risk and ensure that they are getting the best exchange rate possible.
The trading floor of the forex market is not located in London, England, as trading takes place electronically between banks, financial institutions, and individual traders around the world.
Foreign exchange rates are not set by the governments of each country issuing a currency, but instead are determined by market forces of supply and demand.
Finally, the foreign exchange market is not the world's smallest financial market, but instead is the largest.
To know more about foreign exchange market refer here
https://brainly.com/question/31038127#
#SPJ11
Sung owns a plumbing supply store. One of his clients, Village Plumbers, has a charge account with his store. This month Village Plumbers charged 200 feet of pipe at $0.40 per foot, 150 elbow joints at $0.75 per elbow joint, and 36 outdoor faucets at $2.49 per faucet. Sung must charge 5.5% sales tax on all items sold? What is the balance on Village Plumbers’ charge account?
Answers
Answer:
$297.66
Explanation:
The total costs of the items would be
200 feet pipe : 200 x $0.40 = $80.00
150 elbow joints: 150 x $0.75 = $112.50
36 outdoor faucets: 36 x $2.49 =$ 89.64
Total cost =$282.14
add 5.5% tax
=5.5/100 x $282.14 =$15.52
Total $297.66
The balance on Village Plumbers’ charge account =$297.66