Answer:
2.33%
Explanation:
Capital intensity ratio=total assets /sales=1.4
debt-equity ratio=debt/equity=0.68 ( debt is 0.68 while equity is 1 since 0.68/1=0.68)
total assets=debt+equity=0.68+1=1.68
return on equity=sustainable growth rate*retention rate
sustainable growth rate=6.2%
retention rate=1-dividend payout ratio=1-55%=45%
return on equity=6.2%*45%=2.79%
Using the point formula , the return on equity formula is given below:
return on equity=profit margin*asset turnover*assets/equity
return on equity=2.79%
profit margin is the unknown
asset turnover=sales/total assets=1/Capital intensity ratio=1/1.4
assets/equity=1.68/1=1.68
2.79%=profit margin*1/1.4*1.68
2.79%=profit margin*1.20
2.79%/1.20=profit margin
profit margin=2.33%
Explain the term bread basket as it relates to inflation
Bread basket or a basket of goods in relation to inflation is used to describe a fixed set of consumer goods which are periodically valued on a monthly or annual basis.
What is Basket of Goods?In ascertaining the basket of goods, the Consumer Price Index (CPI) is used.
This is a measure that elucidates the weighted average of prices of a basket of consumer goods and services which may include transportation, food, and medical care.
This is calculated by ascetaining the average of the prices of each item price in the predetermined basket of goods.
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Jill is a warehouse clerk at a big-box appliance store. Which step should Jill take first if she wants to transition into a management position?
Answer:
Jill should first research and understand the job requirements and responsibilities of a management position in the company. This will allow her to identify any gaps in her skills or knowledge that need to be addressed in order to be considered for a management role. She can also speak with current managers in the company to gain insights into their experiences and how they prepared for their positions
Answer:
Jill should look for opportunities to be promoted.
Explanation:
Gaining a promotion gives you the opportunity to take on a more significant job within your organization, earn a larger income, and feel more accomplished. You must perform well at work in order to get your supervisors' attention and improve your career inside your firm. While performance, experience, and abilities are frequently needed for a job promotion in many industries, you can go above and beyond to improve your chances of getting the job you want.
Sam Snead, the owner of Snead's Fine Golf Wear, used $1800 of his personal funds to go on vacation. Which of the following is the most appropriate treatment regarding this transaction? A. Travel expense 1,800 Cash 1,800 B. Withdrawals 1,800 Cash 1,800 C. Record a memorandum in the general journal D. Do not record the transaction in the general journal
Answer:
D. Do not record the transaction in the general journal
Explanation:
There is no need to record the transaction in the general journal since the money that was actually spend by Sam Snead happens to be his own personal fund rather than the company's fund (That is, the Golf Wear company). Funds belonging to the company are those that deserve to be recorded in the general journal.
An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business
Answer:
works for someone else
Explanation:
An employee is someone hired to offer labor services to their employers. The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.
Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.
What is market segmentation in marketing with example?
Market segmentation, in marketing, is the division of a broad target market into more focused groups based on shared characteristics, tendencies, requirements, or preferences.
Market segmentation in marketing with example.In marketing, market segmentation refers to the process of breaking up a large target market into more narrowly defined segments based on shared traits, tendencies, needs, or preferences. Identification of various market segments is necessary in order to target them with specialized marketing techniques and messages.
Think about a business that sells athletic shoes. They choose to use market segmentation to find particular segments with varied wants and preferences when it comes to athletic shoes rather of targeting the full market of potential clients.
The corporation can effectively target these niche markets with goods and advertising messages that speak to their particular needs and preferences by using market segmentation. Their chances of succeeding in the market are eventually increased by being able to customize their product offers, pricing, promotional techniques, and distribution networks to each segment.
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who will be taxed in Transnet
The South African Mining Industry is very crucial to it's economy. Transnet is one of it's major players. Given that it had a set budget for the 2021/22 financial year, much of which was supposed to be financed by the mining sector, unfortunately, the sector delivered a shortfall.
If Transnet had performed on its nameplate capacity of 78 million tons rather than the 58 million tons delivered in 2021, the industry would have gained R32 billion in revenue. The sector lost R16 billion in sales by failing to meet its objective of 68 million tons.
Because of the above shortfall, assuming current market prices, more than a third of the R140 billion in tax scheduled to be paid from all South African mining firms.
Who is Transnet?
Transnet SOC Ltd is a significant South African rail, port, and pipeline corporation located in Johannesburg's Carlton Centre.
It was established as a limited business on April 1, 1990. The South African government's Department of Public Enterprises, or DPE, owns the majority of the company's equity.
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What's your educational interest and goals
Sin duda, que no me dejen por abajo de la sociedad
O’Brien Industries Inc. is a book publisher.
The available-for-sale investments at cost and fair value on December 31, 20Y4, are as follows:
Issuing Company Cost Fair Value
Bernard Co. $38,250 $37,500
Chadwick Co. 65,520 63,770
$103,770 $101,270
The investment in Jolly Roger Co. stock represents 30% of the outstanding shares of Jolly Roger Co.
The following selected transactions occurred during 20Y5:
Jan. 2. Purchased $94,400 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31.
June 30. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2.
Oct. 1. Purchased $40,000 of Nightline Co. 6%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1.
9. Dividends of $12,500 are received on the Jolly Roger Co. investment.
Dec. 31. Jolly Roger Co. reported a total net income of $112,000 for 20Y5, which O’Brien Industries Inc. recorded using the equity method.
31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2.
31. Accrued 3 months of interest on the Nightline bonds.
31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values:
Issuing Company Fair Value
Bernard Co. $34,650
Chadwick Co. 57,960
Gozar Inc. 98,560
Nightline Co. 39,200
For the year ending December 31, 20Y5, O’Brien Industries Inc. reported net income of $148,230 and paid no dividends.
Required:
The comparative unclassified balance sheets for December 31, 20Y4 and 20Y5 are provided below. Selected balances are missing. Determine the missing amounts. Use minus sign to indicate the negative amounts. Do not round interim calculations. Round final answers to nearest dollar.
O'Brien Industries Inc.
Partial Balance Sheets
December 31Investment in Jolly Roger Co. stock fill in the blank 5 $77,000
The missing amount in the Investment in Jolly Roger Co. stock account on December 31, 20Y4, is $31,900.
How to Solve the Problem?To decide the missing amount in the Investment in Jolly Roger Co. stock account, we need to resolve the likely information and undertakings.
We see that the Investment in Jolly Roger Co. stock represents 30% of the superior shares of Jolly Roger Co. We are more given that Jolly Roger Co. stated a total pay after deductions of $112,000 for 20Y5, which O'Brien Industries Inc. written utilizing the equity plan.
Let's reckon the missing amount gradual:
1. Start accompanying the balance at the beginning of the old age (December 31, 20Y4):
Investment in Jolly Roger Co. stock (December 31, 20Y4) = $?
We are likely that the fair value of the Jolly Roger Co. financing on December 31, 20Y4, is $101,270.
2. Add profits received all the while the old age:
Dividends received on the Jolly Roger Co. asset = $12,500
3. Add the share of pay after deductions recorded utilizing the impartiality method:
Share of Jolly Roger Co.'s pay after deductions (written using the impartiality system) = $112,000 × 30% = $33,600
4. Subtract the balance at the end of the period (December 31, 20Y5):
Investment in Jolly Roger Co. stock (December 31, 20Y5) = $77,000
Now, allow's calculate the absent amount:
Investment in Jolly Roger Co. stock (December 31, 20Y4) + Dividends taken on the Jolly Roger Co. investment + Share of Jolly Roger Co.'s pay after deductions - Investment in Jolly Roger Co. stock (December 31, 20Y5) = Missing amount
Using the likely information, we have:
(Blank) + $12,500 + $33,600 - $77,000 = $0
Solving for the blank, we receive:
(Blank) = $77,000 - $12,500 - $33,600
(Blank) = $31,900
Therefore, the missing amount in the Investment in Jolly Roger Co. stock account on December 31, 20Y4, is $31,900.
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Complete this question by entering your answers in the tabs below.
Req 1Req 2Req 3 to 5Req 6
Prepare a contribution format income statement.
Todrick Company
Contribution Format Income Statement
Sales $480,000
Variable expenses:
Cost of goods sold $16,000
Selling expense 24,000
Administrative expense 40,000
80,000
Contribution margin 96,000
Fixed expenses:
Administrative expense $19,200
Selling expense
19,200
Net operating income $28,800
Req 1Req 2
The necessary entry to illustrate the information is written below.
How to depict the entriesOne of a company's financial accounts, the income statement or profit and loss account, lists the company's receipts and outgoings for a specific time period.
Sales $ 480,000
Variable Expenses
COGS $ 336,000
Selling Expenses $ 24,000
Admin Expenses $ 24,000
$ 384,000
Contribution Margin $ 96,000
Selling Expenses $ 48,000
Admin Expenses $ 19,200
$ 67,200
Net Income $ 28,800
Sales $ 480,000
Variable Expenses
COGS $ 336,000
$ 336,000
Gross Margin $ 144,000
Selling Expenses $ 72,000
Admin Expenses $ 43,200
$ 115,200
Net Income $ 28,800
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If the growth rate in an economy is 3%, then its GDP will double in about:
A.
20 years.
B.
23.33 years.
C.
70 years.
D.
245 years.
Answer:
B. 23.33 years.
Explanation:
If we are going to make use of rule of seventy (70) to help us know the actual time that it takes for a country to double their economy GROSS DOMESTIC PRODUCT (GDP) which means that it will take up to 14 years for a country that has 5% growth rate to double their GDP but in a situation where a country economy has a growth rate of 3% it will takes actually takes 23 .3 years to double their GDP or 10 years to double their GDP.
What is the definition of gross income?
Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.
Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.
It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.
For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.
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"Analyze why the principled negotiation would be the most suitable strategy in international trade negotiation? Take examples to support your answer."
I have to write a report of 15-20 pages to answer this. Any help please :(?
The reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
The principled type of negotiation is recognized as an interest-based class of negotiation.
A principled negotiation is known as a winner-take-all style of negotiation that is focused on a specific goal of winning.In a principled type of negotiation, there are no space for consideration of other party’s needs and requirements.However, a principled negotiations is limited because it can fail to settle dispute or conflict even if a parties has the highest intentions and negotiating skills.In conclusion, the reason principled negotiation would be the most suitable strategy in international trade negotiation is because it helps a party to leverage his/her principles of the opponent to win the negotiation.
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Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted. Sales $ 605,000 Cost of goods sold 425,000 Salaries 112,000 ($15,000 is indirect) Utilities 14,000 ($3,000 is indirect) Depreciation 42,000 ($10,000 is indirect) Office expenses 20,000 (all indirect) 1. Prepare a departmental income statement for 2019. 2.
Answer:
Part 1
JANSEN COMPANY
Departmental Income Statement—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses
Salaries ($97,000)
Utilities ($11,000)
Depreciation ($32,000)
Other Expenses ($38,000)
Operating profit $2,000
Part 2
JANSEN COMPANY
Departmental Contribution to Overhead—Ski Department
Sales $605,000
Cost of Sales ($425,000)
Gross Profit $180,000
Direct Expenses ($140,000)
Contribution $40,000
Less Overheads
Salaries ($15,000)
Utilities ($3,000)
Depreciation ($10,000)
Office Expenses (20,000)
Total Overheads $48,000
Contribution to overhead $40,000 : $48,000
Part 3
No. Jansen should not eliminate the ski department because it is making a profit on it on (Contributing towards the company costs)
Explanation:
Hie, I have attached the full question as pdf below
If the department is making a loss on its own, it must be eliminated. Departments must make a contribution towards the costs of the company overall
What are met and unmet need of implementing a enterprise resource management system?
The implementation of an enterprise resource management system can provide numerous benefits such as:
improved efficiencybetter data managementstreamlined business processes.What are benefits of implementing an enterprise RMS?It helps to improve efficiency by automating and integrating various business processes which reduces the need for manual data entry and enabling real-time tracking of data. It also provide better data management by centralizing data storage and ensuring data accuracy and consistency across different departments.
This can lead to better decision-making and more informed business strategies which can lead to faster turnaround times, reduced costs, and increased productivity.
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HELP! what is the closing balance of the accumulated depreciation account?
Answer:
Accumulated Depreciation
Explanation:
According to the law of supply, an increased price for a good should lead to: OA. a decreased demand for that good. OB. a decreased supply of that good. C. an increased demand for that good. OD. an increased supply of that good. SUBMIT
Answer: OD. an increased supply of that good.
Explanation:
function of financial system?
Answer:
A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016
(can u flag me)
What is the impact on the national saving rate if the consumption and government share each increase by 5%?
Answer:
If the consumption and government share each increase by 5%, the national saving rate will decrease by 2.5%.
Explanation:
Give me brainliest if that helped!
Q1. A manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.
The simplex method is a linear programming technique used to find the maximum value of a linear objective function subject to constraints represented by linear equations or inequalities.
How do we use this method?Here's how you can solve this problem using the simplex method:
Formulate the problem as a linear program:
The objective is to maximize the total profit, which is given by 20x1 + 6x2 + 8x3, where x1, x2, and x3 are the number of units of products 1, 2, and 3, respectively. The constraints are the available machine time, which are:
8x1 + 4x2 + 2x3 <= 250 (milling machine)
3x1 + 3x2 <= 150 (lathe)
x3 <= 50 (grinder)
Create a simplex tableau:
The simplex tableau is a matrix used to keep track of the variables and the coefficients of the objective function and the constraints. The first row of the tableau is the objective function, the rest of the rows are the constraints. The last column is called the "result" column and contains the values of the variables and the objective function.
Choose a basic variable:
In the first iteration, we will choose x1 as the basic variable, since it is the only non-negative variable in the objective function. We will write x1 in terms of x2 and x3 using the first constraint:
x1 = (250 - 4x2 - 2x3)/8
Update the simplex tableau:
Substitute x1 in the objective function and in the rest of the constraints:
20 * (250 - 4x2 - 2x3)/8 + 6x2 + 8x3
3x2 <= 150
x3 <= 50
Check for optimality:
Check if all the coefficients in the objective function are non-negative. If so, the current solution is optimal and the problem is solved. If not, choose the next basic variable and repeat steps 3 and 4.
Repeat steps 3 to 5 until optimality is reached:
In the second iteration, we will choose x2 as the basic variable. Substitute x2 in the objective function and in the rest of the constraints, and check for optimality. Repeat this process until the coefficients in the objective function are non-negative, indicating that the solution is optimal.
The final solution will give the number of units of each product that the firm should produce in order to maximize profit.
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Pizza International, Incorporated, reported the following information (in thousands):
Operating Activities
Net Income $ 100
Depreciation 33,305
Increase in receivables 170
Decrease in inventory 643
Increase in prepaid expenses 664
Decrease in accounts payable 8,720
Increase in accrued liabilities 719
Decrease in income taxes payable 2,721
Payments on notes payable 12,691
Cash paid for equipment 29,073
The following is the summarized income statement for Pizza International, Incorporated (in thousands):
Revenues $ 143,551
Cost of Sales 45,500
Gross Profit 98,051
Salary and Wages Expense 56,835
Depreciation 33,305
Office Expense 7,781
Net Income before Income Tax Expense 130
Income Tax Expense 30
Net Income $ 100
Required:
Based on this information, compute cash flow from operating activities using the direct method. Assume Prepaid Expenses and Accrued Liabilities relate to office expenses.
What was the primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss?
The combination of adding back non-cash expenses, decreases in working capital accounts, and a decrease in inventory contributed to the large positive cash flow from operations despite nearly having a net loss.
To compute cash flow from operating activities using the direct method, we need to analyze the changes in different balance sheet accounts. Let's go step by step:
Step 1: Calculate Cash Flows from Operating Activities using the Direct Method
- Start with net income: $100,000
- Add back depreciation: $33,305
- Subtract the increase in receivables: $170
- Add the decrease in inventory: -$643 (Note: decrease is subtracted)
- Subtract the increase in prepaid expenses: -$664
- Add the decrease in accounts payable: -$8,720 (Note: decrease is subtracted)
- Subtract the increase in accrued liabilities: -$719
- Add the decrease in income taxes payable: -$2,721
- Subtract payments on notes payable: -$12,691
- Subtract cash paid for equipment: -$29,073
Cash flow from operating activities using the direct method: $99,464
Step 2: Analyzing the reason for positive cash flow from operations despite a net loss
The primary reason that Pizza International was able to report large positive cash flow from operations despite nearly having a net loss is due to non-cash expenses, such as depreciation, which is added back to net income. Depreciation is a non-cash expense that reduces net income but does not involve actual cash outflow. Therefore, adding back depreciation increases the cash flow from operating activities.
Additionally, there were decreases in working capital accounts, such as accounts payable and income taxes payable, which led to a positive impact on cash flow from operating activities. The decrease in accounts payable and income taxes payable means that Pizza International paid off its liabilities, resulting in a decrease in cash outflow.
Furthermore, there was a decrease in inventory, which also positively impacted cash flow from operating activities. Decreasing inventory reduces the amount of cash tied up in unsold goods.
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Third party liability laws:
A) unfairly punish alcohol servers for the actions of others.
B) are intended to make servers responsible for obeying
liquor laws by not serving alcohol to VIPs and minors.
C) do not apply if a customer is not driving.
OD) are intended to make servers liable for the actions of
their customers.
Answer:
the answer is D. are intended to make servers liable for the actions of their customers
In response to Iraq’s invasion of Kuwait in 1990, the United States and its allies-imposed trade and financial sanctions on Iraq. Imports of Iraqi oil were terminated as were exports of machinery, parts, and the like, to Iraq. Bank loans to Iraq and business investment in Iraq were also curtailed. Illustrate the effects of the economic sanctions on Iraq’s production possibilities curve for textiles and oil. Under what conditions would the sanctions have been most likely to cause Iraq to withdraw from Kuwait?
The economic sanctions imposed on Iraq in response to its invasion of Kuwait in 1990 had significant effects on Iraq's production possibilities curve for textiles and oil.
The production possibilities curve (PPC) represents the maximum combination of goods or services an economy can produce given its resources and technology.
How did it effect?Textiles:
The sanctions would have negatively impacted Iraq's textile industry. The termination of imports of machinery, parts, and related goods would have limited Iraq's ability to upgrade and modernize its textile manufacturing capabilities. This could lead to a decline in textile production, as outdated machinery and technology would hinder efficiency and quality.Oil:
Iraq heavily relies on oil exports for revenue, and the sanctions had a severe impact on its oil industry. The termination of oil exports severely limited Iraq's ability to generate income and access foreign markets. The lack of investment and technology due to curtailed business activities would have hindered oil exploration, extraction, and production. As a result, Iraq's oil production would have likely decreased significantly.The combined effects of the sanctions on both textiles and oil would have shifted Iraq's production possibilities curve inward.
The reduced access to machinery, technology, and investments would have limited Iraq's productive capacity in both sectors, leading to a decline in overall output.
Regarding the conditions that would have caused Iraq to withdraw from Kuwait, the economic sanctions alone might not have been sufficient. The United States and its allies also launched a military intervention known as the Gulf War in 1991 to compel Iraq to withdraw from Kuwait. The military pressure, combined with the economic sanctions, created a situation where Iraq faced increasing international isolation, military confrontation, and severe economic strain.Ultimately, the withdrawal of Iraq from Kuwait was influenced by a combination of military and economic factors, along with international diplomatic efforts.
The military intervention played a crucial role in achieving the desired outcome, while the economic sanctions contributed to weakening Iraq's economic and military capabilities.
why promoter is called the father of company?
What is the address bar in Firefox?
Answer: The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
Answer:
The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
Why might ranchers want to lock in a price today for their cattle by signing a six-month futures contract?
Responses
A. To be able to sell all of their cattle for a profit a year from now.
B. To be able to buy a new herd of cattle when the six months is up.
C. To be able to pay off the put option when the futures contract expires.
D. To be able to plan on a certain amount of income in the future.
Answer:
D. To be able to plan on a certain amount of income in the future.
Explanation:
Locking in price is when a seller and buyer agree on the minimum price for a transaction in the future. A locked-in price remains unchanged for the agreed period.
By lock in prices for their cattle, the ranchers have set the cattle's selling price after six months. Changes in market conditions will not affect the price. The ranchers will focus on controlling their costs to attain their target income. Locking in prices guarantees selling of stable prices, which allows them to plan of expected income.
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answer:
Explanation:
What 22
The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.
1. Issued 30,000 shares of common stock in exchange for $300,000 in cash.
2. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a notes payable to the seller was signed for the balance owed.
3. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system.
4. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000.
5. Paid $5,000 in rent on the warehouse building for the month of March.
6. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021.
7. Paid $70,000 on account for the merchandise purchased in 3.
8. Collected $55,000 from customers on account.
9. Recorded depreciation expense of $1,000 for the month on the equipment.
Required:
Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.)
Answer:
Assets = liabilities + Paid in capital + retainted earnings
1: 300,000 300,000
2. 30,000 30,000 0 0
3. 90,000 90,000 0 0
4. 50,000 0 0 50,000
5. -5,000 0 0 -5,000
6. 0 0 0 0
7. -70,000 0 0 -70,000
8. 0 0 0 0
9. -1000 0 0 -1000
Explanation:
2: 40,000 - 10,000 = 30,000
10,000 out of 40,000 was paid so the owed amount is 30000, which is a liability and you earn an asset by paying. So asset and liability
3. Three is straight forward.
4. 120,000 - 70,000 = 50,000
revenue is added to stockholders equity which includes retained earnings, but is also labeled an asset.
5. It's -5000 because that is amount we take out of cash to pay rent.
6. It's 0 because the insurance plan doesn't start until April, these transactions however are in march.
7. It's -70,000 because that is the cash going out
8. It's 0 because that account is paid off by the customer
9. It's negative -1000 because it's an expense on depreciation.
The analysis and effect of each transaction on the accounting equation of Wainwright Corporation are as follows:
Transaction Analysis:
1. Cash $300,000 Common Stock $300,000
2. Equipment $40,000 Cash $10,000 Notes Payable $30,000
3. Inventory $90,000 Accounts Payable $90,000
4. Accounts Receivable $120,000 Sales Revenue $120,000
Cost of Goods Sold $70,000 Inventory $70,000
5. Rent Expense $5,000 Cash $5,000
6. Prepaid Insurance $6,000 Cash $6,000
7. Accounts Payable $70,000 Cash $70,000
8. Cash $55,000 Accounts Receivable $55,000
9. Depreciation Expense $1,000 Accumulated Depreciation $1,000
Effect of Each Transaction on the Accounting Equation:
Transaction Accounting Equation
Assets = Liabilities + Stockholders Equity
1. $300,000 = $0 $300,000
2. $40,000 -$10,000 = $30,000 + $0
3. $90,000 = $90,000 + $0
4. $120,000 = $0 + $120,000
4. -$70,000 = $0 + -$70,000
5. -$5,000 = $0 + -$5,000
6. $6,000 - $6,000 = $0 + $0
7. -$70,000 = -$70,000 + $0
8. $55,000 -$55,000 = $0 + $0
9. -$1,000 = $0 + -$1,000
$394,000 = $50,000 + $344,000
Thus, the accounting equation represents the equality of assets with liabilities and equity.
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2 points Time Remaining 5 minutes 36 seconds00:05:36 eBookItem 2 Time Remaining 5 minutes 36 seconds00:05:36 Brad proposed the purchase of a new Toshiba copier to his boss, Chin. Chin said that he has always used and liked Xerox copiers, but when he thinks about it later, he realizes he does not really feel strongly about the brand of copy machine used in the office. Chin should probably adopt a(n) ________ conflict-handling style when trying to resolve this matter with Brad. Multiple Choice compromising collaborating accommodating avoiding forcing
Answer: accommodating
Explanation:
Conflict management simply means how dispute can be solved. We've different conflict management styles such as accommodating, avoiding, compromising, collaboration and competing.
With regards to the question, the conflict-handling style that Chin should adopt when trying to resolve this matter with Brad is "accommodating".
This style is about simply putting the other parties needs before one's own. You allow them to ‘win’ and get their way.
Accommodation is typically used to keep peace and in situations whereby an individual doesn’t really care like the other person involved.
HELP PLEASEEE 15 POINTS FOR THISSS
1. A career ______ lets you present documents that highlight your skills, interests and
abilities.
A. journal
B. examples
C. portfolio
2. Awards and certificates, report cards and transcripts and samples of work are all ___________ in a portfolio
A.fossils
B.artifacts
C.workbooks
3. An actual folder that holds printed documents is known as a hard copy portfolio
A. yes
B. no
4. An e-portfolio is something where you can store digital files
A. no
B. yes
5. There are ______ main types of portfolios
A. 4
B. 2
C. 3
Answer:
1. C
2. C
3. B
4. B
5. B
Explanation:
1. Portfolio relates to a career while "examples" and journal do not.
2. Workbooks because fossils and artifacts relate to something that is not a part of a portfolio.
3.There is no such thing as a hard copy portfolio.
4. An electronic portfolio, or an e-portfolio, stores online digital files.
5. There are only 2 main types of portfolios.
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When the perpetual inventory system is used, the inventory sold is debited to