The income statement for the 2 months ended December 31, 2021 is $2,047.
Income statementRevenue:
Service revenue (A) 4,623
Operating expenses:
Add: Salaries and wages expense 1,046
Add: Utilities expense 130
Add: Advertising expense 170
Add: Supplies expense 1,065
Add: Depreciation expense 40
Add: Insurance expense 110
Total operating expenses (B) 2,561
Operating income (C = A - B) 2,062
(4,623-2,561)
Less: Interest expense 15
Net income $2,047
Inconclusion the income statement for the 2 months ended December 31, 2021 is $2,047.
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If you had a million dollars what would you buy and why? 2 sentences please!!
Quick assets are defined as: ______________
a. Cash, short-term investments, and accounts payable.
b. Cash, short-term investments, and current receivables.
c. Cash, inventory, and current receivables.
d. Cash, noncurrent receivables, and prepaid expenses.
e. Accounts receivable, inventory, and prepaid expenses.
Question 4 of 10
During a depression or recession, which of the following is most likely to
happen to interest rates?
A. Interest rates will likely decrease as the Federal Reserve Board
increases inflation rates.
O B. The Federal Reserve Board will likely lower interest rates.
O C. Interest rates will likely rise as the Federal Reserve board
decreases inflation rates.
O D. The Federal Reserve Board will likely raise interest rates.
SUBMIT
B.The federal reserve board will likely lower interest rates
Explanation:
pa brainliest po ako png taga sagot ng mga new question
The series of seven transactions recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe each transaction for letters (A) through (E).
(WORD BANK, USE WORD ONCE)
- Sale on account.
- Cost of goods sold for the sale on account.
- Note received from customer on account.
- Note dishonored and charged face value of note plus interest to customer’s account receivable.
- Payment received from customer for dishonored note plus interest earned after due date.
Look again at the websites you used to complete task 1:
state employment data
US economic data
GDP data
price deflator data
Which organizations compiled the data that you used?
help fast please
The organizations that compiled state employment data, US economic data, GDP data, and price deflator data are as follows:
The U.S. Bureau of Labor StatisticsThe U.S. TreasuryThe U.S. Department of Commerce.What are the data provided by each organization?1. The U.S. Bureau of Labor Statistics supplies data on state employment, productivity, working hours, etc.
2. The U.S. Treasury provides economic data, statistics, and charts on interest rates, economic trends, and the impact of fiscal policies.
3. The U.S. Department of Commerce provides data on GDP, price deflator, and the balance of payments.
Thus, various U.S. organizations provide employment, economic, and GDP data.
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Which of these clauses is most likely not in Freeman's collective bargaining agreement?
The clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
What are individual rights?According to popular definitions, individual rights refer to the rights that an individual requires to pursue their lives and attain goals without interference, either from another individual or the government.
What is a collective bargaining agreement?A collective bargaining agreement is a labor union agreement reached between workers and an organization based on negotiated work conditions.
The collective bargaining agreement also contains the interpretation and enforcement of the collective agreement and the resolution of the ensuing conflicts.
Question Completion with Answer Options:Labor unions are organizations of employees formed to protect and advance their members’ interests by bargaining with management over job-related issues. The goal of this video case is to apply your knowledge of labor relations theory to Freeman Audio-Visual, which heavily utilizes labor unions.
A) individual rights
B) wage component
C) grievance procedure
D) tiered Benefits
E) security.
Thus, the clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
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The Freeman's collective bargaining agreement was the labor union agreement for the negotiation of working condition. The clause not included in the agreement is individual's rights.
What are the clauses involved in the Freeman's collective bargaining agreement?The labor union collectively bargained with the organization for the negotiation to acquire the better working conditions.
The clause that were includes were not involved with the individual rights of the living for the labor. The clauses include are:
Wage componentGrievance procedureTiered BenefitsSecurityTherefore, the clause not included in the Freeman's collective bargaining agreement was the individual's right.
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Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and a coupon rate of 10.0%. The bonds pay coupons semi-annually. If the current market interest rate is 8.0%, at what price should the bonds sell?
If the current market interest rate is 8.0%, the bond price should be $1,172.92.
What is the present value of the bonds?We can use the online finance calculator to calculate the present value (PV) or price that the bonds should be issued at, based on an effective market interest rate of 8% for a period of 30 (15 years x 2).
Data and Calculations:Noncallable bonds' par value = $1,000
Maturity period = 15 years
Interest payment = semi-annually
Coupon interest rate = 10%
Current market interest rate = 8%
N (# of periods) = 30 (15 x 2)
I/Y (Interest per year) = 8%
PMT (Periodic Payment) = $50 ($1,000 x 10% x 1/2)
FV (Future Value) = $1,000
Results:
PV = $1,172.92
Sum of all periodic payments = $1,500 ($50 x 15 x 2)
Total Interest = $1,327.08
Thus, if the current market interest rate is 8.0%, the bond price should be $1,172.92.
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how changes in customers affect retail business industry?
Explanation:
it affects the retailer by if they gave a good in a highest price then if that product is not sold then it would happen.
10. When are adjusting entries entered?
Question options:
A. At the beginning of the accounting cycle
B. At the end of the fiscal year
C. At the beginning of the fiscal year
D. At the end of the accounting cycle
14. Which of the following skills are the most helpful for a salesperson?
O A. Quickness and accuracy
O B. Active listening and communication
O C. Creativity and judgement
O D. Addition and subtraction
What is the acronym for this
formula to find the inflation
rate? [(New Price - Original
Price)/Original Price] (100)
-
A. NOX1
B. NOO
C. ONO
The acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
What is the inflation rate?The inflation rate is the rate of increase in prices from one period of time to the next.
In the United States, the Consumer Price Index (CPI) is often used to gauge inflation.
Thus, the acronym for the formula to find the inflation rate, [(New Price - Original Price)/Original Price] (100) is B. NOO.
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Your company purchased some expensive, sophisticated equipment in January of Year 5. The cost was $2,000,000 and the equipment was expected to have a useful life of 10 years. Now, in Year 6, the company has spent an additional $1,000,000 on the same equipment. $400,000 of this total was on ordinary repairs to fix things in order to maintain expected operating condition. However, the other $600,000 was spent on extraordinary repairs, which consisted of replacing the original engine so that the useful life of the entire equipment will be extended another five years. Company management was to "capitalize" the entire $1,000,000.
Write a memo around one page in length to your supervisor that explains the following:
The accounting error that has been made
The effect this error will have on the company's financial statements this year
The problems that might result
The importance of fixing the error and what needs to be done to fix the error
General outline of the memo:
Traditional Memo Header to Me from You with a nice summary title and date
para 1 - What is the problem and what is the impact - one or two sentences
para 2 - What should have happened - can be done as one sentence with a journal entry view
para 3 - How to adjust - once sentence with a journal entry view
para 4 - What should be done for the future monthly depreciation - one sentence showing the calculation with a journal entry
para 5 - Closing statement - one or two statements and request for review and approval
The accounting error that has been committed is the error of principle by treating $400000 as capital expenditure.
What is an accounting error?It should be noted that an accounting error simply means an error in account that wasn't intentional.
The effect this error include:
Understatement of expenses.Overstatement of depreciation.Overstatement of assets.In this case, the financial position of the company won't reflect a true and fair view of the position of the company.
In conclusion, in order to rectify the error, the ordinary repair should be treated as revenue.
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QUESTION 2 of 10: Your Accounts Payable (A/P) T-account has a credit balance of $3,000. The following entries were made to your A/PT.
account credit $445, credit $34, debit $1,000, and credit $321. What is the new balance?
a) 5321
b) $2.000
C) 53.800
d) $2.800
Other receivables whose collection is expected beyond one year are reported on the balance sheet under
a. Property, Plant, and Equipment.
b. Investments.
c. Current Assets.
d. Long-Term Liabilities.
Answer:
b investments
Explanation:
You have a SQL database that has the name of the countries and their population. You would like to ONLY get the name of the top 3 most populated countries. Which query will do it for you
Answer:
monologue to Puja the importance of 5small the importance of small scale and the importance of small businesses and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and place in I have heard a lot about it was thor to Puja and the importance of small scale and the importance of small scale of the park is my new account for the importance of small scale and the importance to Puja the importance of small scale of small scale and the importance of small scale and the importance of to
Explanation:
CUZ THE same time to Puja the importance of small scale and the other day I think the importance to Puja the importance of small scale of small businesses and the importance of small scale 4hhdhshdhdhdhehdhdhdhfh3 hhdjddh come back from a re of small businesses and the importance of small scale and 4place to Puja the importance of small scale and the importance to Puja and the importance of small scale and the importance to Puja the importance of small scale and the importance of small scale 2nd sea using the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance to Puja and the importance of small scale and the importance of small scale and the
Hunter is a manager of a newly created division of a large company. He is working to develop job definitions and lines of responsibility. Which function of management best describes Hunter's current task?
staffing
motivating
organizing
controlling
planning
The function of management which best describes Hunter's current task is:
PlanningWhat is Management?This refers to the act of organizing people, usually within a company and give them specific roles to play.
With this in mind, we can see that because Hunter is a manager who has the task of developing job definitions and also lines of responsibility for other staff, then the function of management which he is fulfilling is planning.
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Expanding a business
will ultimately lead to more revenue.
Answer:
Expansion might involve adding employees and franchises, increasing your marketing efforts, forming an alliance, offering new products or services, merging with or acquiring another business, or expanding online.
Explanation:
Explain why is it important to understand the action words before answers are given to assessment questions
Answer:
Action words are strong and powerful. They help demonstrate achievements. They grab the reader's attention.
Explanation:
Hope this helps:)......if not sorry for wasting your time:)
1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
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CHAPTER 8, TEST A
True or False
Mark statements 1-24 true or false by writing Tor F on the line provided.
1.
All four types of market structure have similarities, including the fact that each of them has
buyers and sellers.
2. In a perfectly competitive market, buyers and sellers have relevant information about prices,
product quality, and sources of supply.
3. The stock market is an example of a perfectly competitive market.
4. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it isn't
a perfectly competitive market.
5.
Profit attracts new firms into the perfectly competitive market.
6.
There is ease of entry into a monopolistic market.
7. It is important to a monopolist to search out the best price through trial and error.
8. In some towns, cable television providers and trash collectors are monopolists
9. A pharmaceutical company may have a copyright on a medicine, which protects its company
from competitors for a period of time.
10. A patent is granted for a new product or process for five years.
11. Barriers to entry limit potential competition.
12. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal
protection.
13. Antitrust laws are meant to control monopoly power and to promote competition.
14. The main points of the Sherman Act prohibit actions that result in restraint of trade and hold
the conspiring persons guilty of a misdemeanor.
15. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. The U.S. Supreme Court decides some antitrust cases.
17. The term colluding refers to making secret agreements that reduce competition.
18. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry
into that market.
The marking of the statements 1-18 as true or false is as follows:
1. True. The main similarity among the four market structures is the existence of buyers and sellers.
What are the four market structures?The four market structures are:
Perfect competitionMonopolistic competitionOligopolyMonopoly.They all have buyers and sellers, though, the number differs from one to the other.
2. True. In a perfectly competitive market, buyers and sellers have relevant information about prices, product quality, and sources of supply.
3. True. The stock market is an example of a perfectly competitive market.
4. True. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it is not a perfectly competitive market.
5. True. Profit attracts new firms into the perfectly competitive market.
6. False because there is no ease of entry into a monopolistic market.
7. False. It is not important to a monopolist to search out the best price through trial and error.
8. True. In some towns, cable television providers and trash collectors are monopolists.
9. False. Copyright is not required on medicine to protect a pharmaceutical company from competitors. But a patent is required because copyrights are for intellectual property rights.
10. False. Patents are usually granted for 20 years and not five years.
11. True. Barriers to entry limit potential competition.
12. True. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal protection. This is regarded as a natural monopoly.
13. True. Antitrust laws are meant to control monopoly power and promote competition.
14. True. The Sherman Act prohibits anti-trust actions, which restrain trade.
15. True. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. True. The U.S. Supreme Court decides some antitrust cases.
17. True. The term colluding refers to making secret agreements that reduce competition.
18. True. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry into that market.
Thus, the marking of statements 1-18 as true or false is completed.
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On 13 February, ATD Customs Pty Ltd provides a service to MJ Civil Pty Ltd with payment due
within 30 days. On ATD Customs' statement of financial position, the amount owed by MJ Civil
will be recorded as:
services income.
an account payable.
an account receivable.
a prepayment.
Based on the information given the amount owed by MJ Civil will be recorded as: an account receivable.
What is account receivable?Account receivable is the money a company is yet to receive from their client or customers for rendering or providing service to the clients.
Based on the given scenario on ATD Customs' statement of financial position, the amount owed by MJ Civil will be recorded as account receivable because the payment is not yet due but will be due within 30 days.
Inconclusion the amount owed by MJ Civil will be recorded as: an account receivable.
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Transformational leadership: ____________
a. Helps followers to transcend their own self-interests for the good of the group.
b. Communicates high expectations.
c. Is a process in which leaders and followers exchange efforts for specified rewards.
d. Is an interactive process in which the leader tries to shift power to those who are being led.
Leadership is a way of leading others towards a certain goal. The one in charge of the leading or steering the mantle of leadership is known as a leader.
Characteristics of Transformational leadershipTransformational leadership helps followers to transcend their own self-interests for the good of the group.
There are types of leaders in every context. There are good and bad leaders. A transfirmational leader helps followers to achieve their personal interests.
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Which of these statements are Red Flags that may signal Colleague
involvement in money laundering, terrorist financing or consumer fraud?
Financing or consumer fraud is are Red Flags that may signal Colleague involvement in money laundering.
What is money laundering?Money laundering is the using large amounts of money that has been collected or generated through crimes from a source that is clean or legitimate.
Example of money laundering is financing or consumer fraud where consumer is collected duly.
Therefore, financing or consumer fraud is are Red Flags that may signal Colleague involvement in money laundering.
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1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find
his annual premium
Based on then information given his annual premium is $175,50.
Annual premiumSince he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:
Annual premium per $1000 of coverage for a 35-year old = 1.30
Annual premium=Life insurance policy/1,000 ×1.30
Where:
Life insurance policy=$135,000
Let plug in the formula
Annual premium=$135,000/1,000×1.30
Annual premium= $175.50
Inconclusion his annual premium is $175,50.
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A fire captain informs the battalion chief that two seatbelts in a fire truck have become frayed. In the communication process what part are the frayed seatbelts part of? A. the message b. the receiver c. the sender d. the reporter
Option A. In the communication process, the frayed seatbelts part of the message.
What is the communication process?Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two other components are involved in the process, and those two additional factors are represented by the sender and the recipient.
The act of successfully communicating involves a number of phases or acts, which are referred to as the communication process. It involves a number of elements, including the communicator, the message being sent, the message's encoding, the receiver, and the message's decoding.
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#SPJ1
Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,800 units used 63,300 hours at an hourly rate of $19.80 per hour.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct labor rate variance $fill in the blank 2
b. Direct labor time variance $fill in the blank 4
c. Direct labor cost variance $fill in the blank 6
Feedback Area
Feedback
Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).
The labor cost variance is the difference between the actual and standard labor cost.
The direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
Direct labor rate variance
(a) Rate variance = Actual hours × ( Standard rate - Actual rate)
Rate variance= 63,300 × ( $20- $19.80)
Rate variance= -$12,660 Favorable
(b)Time variance = Standard rate × ( Standard hours - Actual hours)
Time variance= $20 × ( 3 × 15,800 - 63,300)
Time variance= $20 ×15,900
Time variance=$318,000 Unfavorable
(c)Cost variance = Time variance - rate variance
Cost variance=-$12,660+$318,000
Cost variance=$305,340 Unfavorable
Inconclusion the direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
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State 3 scenarios on how studying human behavioral organization can have a great impact on you as an individual in establishing a healthy workplace.
The three scenarios on how studying human behavioral organization can have a great impact include;
Conflict resolutionInteraction with colleagues .Execution of tasks such as salesWhat is Behavior?This is defined as the way in which an individual conducts him or herself in an environment.
To maintain a healthy workplace, human behavioral organization have a great impact in the scenarios which are mentioned above.
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What impact does international marketing have on firms and consumers? Is it beneficial to all concerned?
Answer:
expands and diversifies your revenue sources by introducing your goods and services to customers in other countries
Explanation:
Thus, if the domestic economy gets sluggish, you can temper the effect through revenue from countries with healthier economies.
Hope it helps!!!Brainliest pls!!!give an introduction to decision skill
Answer:
Decision Making Skills
Explanation:
Decision-making skills show your proficiency in choosing between 2 or more choices. Decision-making is the key skill in the workplace and very important for leaders. People with decision-making skills always: Stay on a mission, set a time limit, avoid distraction, and embrace uncertainty!
Hope this helps!
If you don't understand something or need more of an explanation, feel free to contact me! :D
am 16 years old and I love little kids. I like to organize special events—like birthday parties for children. I have decided that a great way to earn extra money is to provide families with children’s birthday parties for a modest fee. I do it all—arrange the food, supply the music, decorate the party room, play games, give away small prizes, even play the part of Bongo, the Birthday Clown. Families I know love the idea. I have an advertising plan figured out, with posters to put up at the local grocery stores.
What type of business organization do you recommend? Why?
The type of business organization recommended in this case is the sole proprietorship, which is a business managed by a single person, with greater facilities to start up.
Sole Proprietorship characteristicsIt is owned and managed by only one person, with no legal distinction between the company and the owner, that is, it is an unincorporated company, whose owner is responsible for paying personal income taxes on the company's profits.
Therefore, the advantages of a sole proprietorship are the reduction of bureaucracy and interest rates, giving the owner greater possibility of creating and maintaining the business.
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