Answer:
10.41%
Explanation:
Calculation for the expected interest rate on a four-year maturity
Expected interest rate=[(1+.0947)^10 ÷1+.0885)^6 ]^1=4-1
Expected interest rate=[(1.0947)^10÷(1.0885)^6 ]^1/4-1
Expected interest rate=[(2.47÷1.66)^1/4]-1
Expected interest rate=(1.486^1/4)-1
Expected interest rate=1.1041-1
Expected interest rate=0.1041*100%
Expected interest rate=10.41%
Therefore the expected interest rate on a four-year maturity AA zero coupon bond purchased six years from today will be 10.41%
Write a short message/email/memo based on the following case scenario - As head of the occupational health and safety committee at your workplace, you are concerned about the practice of stocking employee kitchenettes with free coffee and cookies. Lately, you have begun to notice that stressed out employees routinely skip lunch and instead grab handfuls of cookies to eat at their desks. While you understand the necessity for the quick snacks, you feel that there is room in the budget to provide healthier alternatives to these high-fat, carbohydrate-laden snacks. In fact, your committee voted in favour of this but you feel some employees will resist this and be upset to lose the cookies and coffee. -- Now, write a short message/memo/email to all staff announcing that, effective next month, kitchenettes will be stocked with a selection of fresh fruit, whole-grain snacks, and spring water instead of the usual cookies and coffee. Consider which approach you should use -- direct or indirect -- before you write it.
Answer:
You know that your not supposed pile your home work on this program? It’s unconstitutional.
Explanation:
be preferred over the straight line method.
iii. The plant and machinery account (at cost) of a business for the year ended 31 December
2021 was as follows:
2021
1-Jan
Bal b/d
30-Jun Cash purchase of plant
N
240,000
160,000
400,000
2021
N
31-Mar Transfer to Disposal acct 60,000
31-Dec Bal c/d
340,000
400,000
The company's policy is to charge depreciation at 20% per year on the straight line basis, with
proportionate depreciation in the years of purchase and disposal. What should be the depreciation
charge for the year ended 31 December 2019? Briefly explain how you got your answer.
The depreciation charge for the year ended 31 December 2021 is N40,000.
What is depreciation charge?Depreciation charge refers to the amount of an asset's value that is expensed over its useful life. This accounting method is used to reflect the decline in an asset's value over time due to wear and tear, obsolescence, or other factors. Depreciation charges are calculated by dividing the initial cost of the asset by its useful life, which is the period over which the asset is expected to generate revenue for the business. The resulting amount is then expensed each year as a depreciation charge on the income statement. The purpose of depreciation is to match the cost of an asset with the revenue it generates, thereby providing a more accurate picture of a company's financial performance. Depreciation can also have tax implications, as it can reduce taxable income and lower a company's tax liability.
NBV at 1-Jan-2021 = Cost at 1-Jan-2021 - Accumulated Depreciation at 1-Jan-2021 = N240,000 - N0 = N240,000
NBV at 31-Dec-2021 = Cost at 31-Dec-2021 - Accumulated Depreciation at 31-Dec-2021 =N340,000 - (N60,000 + N20,000 + N20,000 + N40,000)
= N200,000
Depreciation Charge = (NBV at 1-Jan-2021 + NBV at 31-Dec-2021) / 2 x Depreciation Rate
= (N240,000 + N200,000) / 2 x 20%
= N40,000
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_______________________ are economists who generally emphasize the importance of aggregate supply in determining the size of the macroeconomy over the _____________.
Answer:
neoclassical economists; long run
Explanation:
Neoclassical economists are economists who generally emphasize the importance of aggregate supply in determining the size of the macroeconomy over the long run
ethical concerns about sharing health data online. This would include the EHR, the patient portal, etc. How are these protected? Do you think current methods are good enough and are working? What about with Web 3.0 - where our online info could lead to customization of our searches? How ethical is all of this?
There needs to be an increase in encrypted protection of sensitive data to maintain ethics on the EHR, patient portal, etc.
Is Web 3.0 based on ethics?Technology has revolutionized people's lives in a social and professional way, with the internet being part of work, shopping and personal relationships between individuals. Web 3.0 is configured as an innovative means where the internet can be accessed from any device and where it is possible to exchange data between both, improving the speed with which information is shared.
In order to decide whether this is an ethical tool, it is necessary, in relation to the protection of online information, that it is focused on data security, with information available only when clearly permitted by the user, so that it can be used for commercial purposes and personalization of internet usage for example.
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how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.
I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.
How can we protect sensitive information from unauthorized access?Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.
By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.
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4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
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Finish the sentence
A ____ is a small piece of ownership in a company
A. Mutual Fund
B. Derivative
C. Bond
D. Stock
In the prepare phase of your analysis, you described the data sources you used. According to the Case Study Roadmap, this description should include where the data is located and how it is organized. It should also consider issues with bias or credibility, problems with the data, and how you verified its integrity. Finally, your description should explain how the data helped you answer your questions. Take a moment to review your description now. What steps could you take to make it even more descriptive? 1 point
To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:
Specify the location of the dataDetail the organization of the dataAddress bias and credibilitySome steps to make the data sources more descriptiveSpecify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.
Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.
Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.
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Two factors that can cause a person to change their status from *employed" to "not economically active"
A person's economic status can move from "employed" to "non-economically active" due to two circumstances.
For men, being out of the labor force due to illness or disability has been the main cause. The main motivation for women has been to take care of a family member.The population that is engaged in the economy includes both employed and unemployed people. The population that is "economically active" is referred to as the labor force or labor supply. Those who were working for pay, profit, or family gain at the time of the census are considered employed.
The labor force is a crucial element of economic expansion: Businesses are able to increase production and employment when more people join the workforce.
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Which examples demonstrate common Sales and Service work environments? Check all that apply.
Tara travels to meet with customers and sell them parts.
Wesley works in an airplane, assisting passengers with their needs.
Audrey works in an office, taking customer orders over the telephone.
Bernard works at a ticket counter in an airport.
Yuk works on a ship, overseeing other workers.
Leo drives a large tractor-trailer truck across long distances.
Answer:
Option A, B, C and D demonstrate common Sales and Service work environments.
Explanation:
Sales & service work include primarily selling some thing to customers and also assisting the customers in some or the other way.
Of the given set of options, Option A, B, C and D demonstrate common Sales and Service work environments.
Tara sells parts to customer - Sales profile
Wesley assist passenger - hospitality service sector
Audrey takes order on phone - e commerce service sector
Bernard works at ticket counter - Recreational services
In the option E and F, Yuk and Leo are not working in common Sales and Service industry
Answer:
A, C, D
Explanation:
I did it
identify each CSTO from its description
Bluegill Company sells 14,000 units at $240 per unit. Fixed costs are $168,000, and operating income is $1,176,000. Determine the following:
a. Variable cost per unit.
b. Unit contribution margin.
c. Contribution margin ratio.
Answer:
a. Variable cost per unit:
= (Sales - Fixed costs - Operating income) / number of units sold
= ((14,000 units * 240) - 168,000 - 1,176,000) / 14,000
= 2,016,000 / 14,000
= $144 per unit
b. Unit contribution margin:
= Selling price - Variable cost per unit
= 240 - 144
= $96
c. Contribution margin ratio:
= Unit contribution margin / Selling price
= 96 / 240
= 40%
Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain FOUR (4) of those strategies and under what conditions a business owner should use them.
The four pricing strategies commonly used by businesses for established goods and services are Penetration Pricing, Skimming Pricing, Premium Pricing and Bundle Pricing.
Here are four pricing strategies commonly used by businesses for established goods and services, along with the conditions under which they can be applied:
Penetration Pricing: Penetration pricing involves setting a low initial price for a product or service to quickly capture market share. This strategy is typically used when a business wants to enter a competitive market or launch a new product. Skimming Pricing: Skimming pricing is the opposite of penetration pricing. It involves setting a high initial price for a product or service and gradually lowering it over time. This strategy is often employed for products with unique features or a competitive advantage. Premium Pricing: Premium pricing involves setting a higher price than competitors to position the product or service as exclusive or of higher quality. This strategy is commonly used when a business wants to create a perception of luxury, prestige, or uniqueness. Bundle Pricing: Bundle pricing involves packaging multiple products or services together and offering them at a discounted price compared to purchasing each item individually. This strategy encourages customers to buy more items by providing them with a perceived value or cost savings.For such more question on Penetration:
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Ellen earns 12 dollars for walking the neighbor's dog. Last month, she walked the dog w times. Choose the expression that shows the number of dollars Ellen earned last month.
The expression that would help to show the amount that Ellen earned for the job that she did in the month is p = 12w
How to find the payWe have the following information to solve the problem with.
The amount that is paid and time that she walks this dog is 12 dollars.
In the month that we have here, she is said to have walked the dog for a total of w times.
That is to get the amount that she would be paid, we are to multiply w with 12
P = 12 * w
p = 12w
Hence the amount that Ellen is paid would be p = 12w for the work that she did last week.
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation:
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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The firm's findings are best described as the
The United Nations hires a global firm to study digital
communications around the world. Here is what that firm
wrote based on its research.
Many people in the world have little experience with
computers, and only one-fifth of the world's population
has Internet access. The differences in the ability to use
this technology make it challenging to reach people from
around the world.
digital divide.
O inequality divide.
O Internet divide.
computer divide.
Answer:digital divide.
Explanation:
Jane The Virgin Trivia
Jane's son's name is...?
Who is Jane's first husband?
How many seasons of the show are there?
Answer all correctly and you get 10 points and brainliest
Answer:
Mateo.
Michael.
5.
Explanation:
Answer: Mateo Gloriano Rogelio Solano Villanueva
Michael Cordero Jr
5 Seasons
Explanation: as you can see, I LOOOOOVEEEEEE Jane the Virgin! Season 6 rn idc
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company’s present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives:
Purchase alternative: The company can purchase the cars, as in the past, and sell the cars after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $20,000 each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole:
Annual cost of servicing, taxes, and licensing $ 5,300
Repairs, first year $ 3,200
Repairs, second year $ 5,700
Repairs, third year $ 7,700
At the end of three years, the fleet could be sold for one-half of the original purchase price.
Lease alternative: The company can lease the cars under a three-year lease contract. The lease cost would be $72,000 per year (the first payment due at the end of Year 1). As part of this lease cost, the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make a $16,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract.
Riteway Ad Agency’s required rate of return is 16%.
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. (Use the tables to get your discount factors. The linked tables are the same tables as the ones in your course packet. If you calculate discount factors using Excel or a financial calculator, your answer may be different enough due to rounding that the system will mark it wrong.)
Required:
1. What is the net present value of the cash flows associated with the purchase alternative?
2. What is the net present value of the cash flows associated with the lease alternative?
3. Which alternative should the company accept?
The lease option has a present value of $123,499. The purchase option has a present value of $123,499 using the total cost approach. Acceptance would be given to the lease option.
How does present value work?The sum of discounted cash flows is the present value. It is the present value of a cash flow. A financial calculator would be used to figure out the present value.
Cash flow from the purchase alternatives: Cash flow in year 0 = $17,000 x 10 = $170,000 Cash flow in year 1 = $-3000 - $1500 = $-4500 Cash flow in year 2 = $3000 - $4000 = $7000 Cash flow in year 3 = $3000 - $6000 - ($170,000 / 2) = $-76,000 .
Cash flow from the lease alternative:
Cash flow in year 0 = $10,000
Cash flow in year 1 = $55,000
Cash flow in year 2 = $55,000
Cash flow in year 3 = $55,000- $10,000 = $45,000
Discount rate = 18%
Present value = $123,499
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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in preparation of standard cost we consider what situation macroeconomics or microeconomics???
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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2. Ellen went to play golf last week at her favorite course. As she was approaching the first hole, she noticed (1 point)
something different about the flag. When she got closer, she noticed that the flag was advertising a new
bistro that had just opened up in town. This advertising scheme is an example of marketing
O viral
direct
O guerilla
0 sales
Answer:
B.
Explanation:
The flag is simple and direct on where the business is, and what it is about.
The type of marketing that is done based on the new Bistro that has been opened is the sales marketing.
What is sales marketing?This is a type of marketing that intends to sell goods and services and also increase revenue for a business.
The business wants to drive upo its sales so they are advertizing to get as much customers as they can.
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A firm's marketing mix consists of 4 major components, which are generally referred to as the four
A firm's marketing mix consists of 4 major components, which are generally referred to as the four: Ps.
What are marketing mix?Marketing mix can be defined as what a company or an organization used to distinguish its selves from other competitors so as to have a competitive advantage over others companies that sells the same or similar goods as theirs.
The four marketing mix which are the 4Ps are:
ProductPricePlacePromotionTherefore the marketing mix are the 4Ps.
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Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31.
Additional Information:
1. An analysis of WTI's insurance policies shows that $2,542 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,204 are available at year-end.
3. Annual depreciation on the equipment is $10,170.
4. Annual depreciation on the professional library is $5,085.
5. On September 1, WTI agreed to do five courses for a client for $2,400 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees.
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $6,498 of the tuition has been earned by WTI.
7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
8. The balance in the Prepaid Rent account represents rent for December.
Debit Credit
Cash $26,944
Accounts receivable 0
Teaching supplies 10,362
Prepaid insurance 15,545
Prepaid rent 2,073
Professional library 31,088
Accumulated depreciation—Professional library $9,328
Equipment 72,533
Accumulated depreciation—Equipment 16,582
Accounts payable 37,202
Salaries payable 0
Unearned training fees 11,500
Common stock 11,000
Retained earnings, December 31, 2017 54,908
Dividends 41,452
Tuition fees earned 105,701
Training fees earned 39,379
Depreciation expense—Professional library 0
Depreciation expense—Equipment 0
Salaries expense 49,743
Insurance expense 0
Rent expense 22,803
Teaching supplies expense 0
Advertising expense 7,254
Utilities expense 5,803
Totals $285,600 $285,600
Required:
a. Prepare Wells Technical Institute's income statement for the year 2018.
b. Prepare Wells Technical Institute's statement of retained earnings for the year 2018.
c. Prepare Wells Technical Institute's balance sheet as of December 31, 2018.
Answer:
1. An analysis of WTI's insurance policies shows that $2,542 of coverage has expired.
Dr Insurance expense 2,542
Cr Prepaid insurance 2,542
2. An inventory count shows that teaching supplies costing $2,204 are available at year-end.
Dr Teaching supplies expense 8,158
Cr Teaching supplies 8,158
3. Annual depreciation on the equipment is $10,170.
Dr Depreciation expense 10,170
Cr Accumulated depreciation: equipment 10,170
4. Annual depreciation on the professional library is $5,085.
Dr Depreciation expense 5,085
Cr Accumulated depreciation: professional library 5,085
5. On September 1, WTI agreed to do five courses for a client for $2,400 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees.
Dr Unearned training fees 4,800
Cr Training fees earned 4,800
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $6,498 of the tuition has been earned by WTI.
Dr Accounts receivable 6,498
Cr Tuition fees earned 6,498
7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
Dr Salaries expense 400
Cr Salaries payable 400
8. The balance in the Prepaid Rent account represents rent for December.
Dr Rent expense 2,073
Cr Prepaid rent 2,073
Wells Technical Institute (WTI)
Adjusted Trial Balance
Debit Credit
Cash $26,944
Accounts receivable $6,498
Prepaid rent $0
Teaching supplies $2,204
Prepaid insurance $13,003
Professional library $31,088
Accumulated depreciation: $14,413
Professional library
Equipment $72,533
Accumulated depreciation: $26,752
Equipment
Accounts payable $37,202
Salaries payable $400
Unearned training fees $6,700
Common stock $11,000
Retained earnings $54,908
Dividends $41,452
Tuition fees earned $112,199
Training fees earned $44,179
Depreciation expense: $5,085
Professional library
Depreciation expense: $10,170
Equipment
Salaries expense $50,143
Insurance expense $2,542
Rent expense $24,876
Teaching supplies expense $8,158
Advertising expense $7,254
Utilities expense $5,803
Totals $307,753 $307,753
a) Wells Technical Institute (WTI)
Income Statement
For the year ended December 31, 2018
Revenue:
Tuition fees earned $112,199 Training fees earned $44,179 $156,378Operating expenses:
Depreciation expense $15,255 Salaries expense $50,143 Insurance expense $2,542 Rent expense $24,876 Teaching supplies expense $8,158 Advertising expense $7,254 Utilities expense $5,803 ($114,031)Operating income $42,347
b)Wells Technical Institute (WTI)
Balance Sheet
For the year ended December 31, 2018
Assets:
Cash $26,944
Accounts receivable $6,498
Teaching supplies $2,204
Prepaid insurance $13,003
Professional library, net $16,675
Equipment, net $45,781
Total assets $111,105
Liabilities:
Accounts payable $37,202
Salaries payable $400
Unearned training fees $6,700
Total liabilities $44,302
Stockholders' Equity:
Common stock $11,000
Retained earnings $55,803
Total stockholders' Equity $66,803
Total liabilities and equity $111,105
c)Wells Technical Institute (WTI)
Statement of Retained Earnings
For the year ended December 31, 2018
Beginning balance January 1, 2018 $54,908
Net income $42,347
Subtotal $97,255
Dividends ($41,452 )
Ending balance December 31, 2018 $66,803
Outline the marketing mix of Toyota
Explanation:
Toyota's marketing mix 4ps determines that company's strategies for its product mix place or distributation marketing communications or proof emotional mix and pricing its current global sir says partly indicates Toyota's effectiveness and implementing its marketing mix
A manufacturing company is considering two alternative locations for a new facility. The fixed and
variable costs for the two locations are found in the table below. For which volume of business wo
the two locations be equally attractive? If the company plans on producing 50,000 units, which loc
would be more attractive? {7}
Fixed Costs
Variable Costs ($ per unit)
Glen Rose
$1,000,000
25
Mesquite
$1,500,000
23
Answer:1,000,025
Explanation:if you add all it up you get 1,000,025
In 1939 Roosevelt put Keynesian economic theory to work by requesting billions of dollars for work relief and farm aid in an attempt to sustain the purchasing power of individual Americans and stimulate the economy. T or F?
The statement 'In 1939 Roosevelt put Keynesian economic theory to work by requesting billions of dollars for work relief and farm aid in an attempt to sustain the purchasing power of individual Americans and stimulate the economy' is true so that the country could be brought out of the phase of the great depression.
In 1939, President Franklin D. Roosevelt put the Keynesian economic theory into practice. He requested billions of dollars for work relief and farm aid to ensure that individual Americans maintained their purchasing power, as well as to stimulate the economy. This was a critical move in the efforts to bring the country out of the Great Depression.
In 1939, President Franklin D. Roosevelt put Keynesian economic theory into practice. He requested billions of dollars in federal funding for work relief and farm aid programs, as a way to maintain the buying power of individual Americans and invigorate the economy. This move proved to be successful and was an important step in the history of Keynesian economics.
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The next dividend payment by Hoffman, Inc., will be $3.10 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent forever. Assume the stock currently sells for $49.80 per share. a. What is the dividend yield
Answer:
6.2249%
Explanation:
Dividend yield = next dividend paid / price of the stock
Dividend yield is one of the components used in calculating the total return of a stock.
Total return = price return + dividend yield
price return is the return on a stock as a result of price appreciation
Dividend yield = $3.10 / $49.80 = 0.062249 = 6.2249%
9. The difference between a C Corp and an S Corp is
A. only a C Corp has a board of directors.
B. all companies must start
C Corps and become S Corps.
C. the tax code that each uses is different.
D. the personal assets of a C Corp owner belong to the business.
Answer:
the tax code that each uses is different.
Answer:
c. the tax code that each uses is different
Explanation: