Based on the depreciation of the equipment, the current balance would equal $0 and but it should equal $5,600.
The adjusting entry would be:
Date Account title Debit Credit
December 31 Depreciation expense $5,600
Accumulated depreciation $5,600
How is depreciation recorded?The current account balance would be $0 because depreciation has not yet been adjusted for.
The depreciation amount would be:
= (48,000 - 8,800) / 7
= $5,600
This amount should be credited to the Accumulated depreciation account, but debited to the Depreciation expense account as expenses usually are.
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Which of the following is NOT a feature in the Formulas menu of the Macabacus Excel add-in?
Review Later
Summary Statistics
Error Wrap
Quick CAGR
Formula Flow
The feature which is not a feature in the formulas menu of the Macabacus Excel add-in is : ( A ) Review later
What is Macabacus Excel add-in ?Maccabeus excel add-in is a formula editing tool in excel which speeds up the process of identifying and correcting errors in financial models. Review later is a feature in excel that prompts you review a work at a different time but it is not found in the Formulas menu of the Macabacus Excel add-in. Other features listed are found in the formulas menu of the Macabus excel add-in.
Hence we can conclude that The feature which is not a feature in the formulas menu of the Macabacus Excel add-in is : Review later
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Select all that apply.
Select each of the benefits of being financially responsible.
having more opportunities
earning more money
paying higher interest rates for loans
having a good credit score
being rejected for loans
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Answer:
having more opportunities
earning more money
having a good credit score
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Explanation:
Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage
Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
What is matrix organization structure?A combination of or greater varieties of organizational structures is referred to as a matrix structure. It is a manner of arranging your enterprise so you set up reporting relationships as a grid, or a matrix, in preference to in the conventional hierarchy.
hence, Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
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Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $19,525 Direct labor 25,290 Factory overhead 30,701 Work in process inventory, March 1 20,793 Work in process inventory, March 31 20,777 Finished goods inventory, March 1 24,302 Finished goods inventory, March 31 27,574
The cost of goods manufactured for Zoe Corporation for the given information will be $75,532; whereas, cost of goods sold will be $72,260.
What is the cost of goods manufactured?Cost of goods manufactured is the cost that is derived in totality of the beginning work in process and direct costs incurred, less the closing works in process.
The calculation of the costs of goods manufactured will be,
Cost of Goods Manufactured= Beginning WIP + Direct Costs + Overhead Costs – Closing WIP
Cost of Goods Manufactured= 20793 + 19525 + 25290 + 30701 – 20777
Cost of Goods Manufactured= $75532
Similarly, the cost of goods sold will be calculated as,
Cost of Goods Sold = Cost of Goods Manufactured + Beginning Inventory – Closing Inventory
Cost of Goods Sold = 75,532 + 24,302 – 27,574
Cost of Goods Sold = $72,260
Hence, the cost of goods manufactured and the cost of goods sold are calculated as above. The complete question has been added as an image for better reference.
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How does multi party system works
Answer:
In multi-party systems that use proportional representation, each party wins a number of legislative seats proportional to the number of votes it receives. Under first-past-the-post, the electorate is divided into a number of districts, each of which selects one person to fill one seat by a plurality of the vote.
Answer:
Multi-Party System is formed If several parties compete for power and more than two parties have a reasonable chance of coming to power either on their own strength or in alliance with others.
This system is able to represent diverse contestants and regions.
The weight of toys a toddler owns has a population mean of 15.8kg and a population standard deviation of 4.2kg. What is the probability a toy store owner could select a sample of 49 toddlers and find the sample mean to be
The sample mean is most likely going to be 15.8kg because the population mean,, is proven by statistics to be equal to the mean of the sample distribution of x. This is further explained below.
What is sample mean?Generally, Since the population mean,, is statistically shown to be equal to the mean of the sample distribution of x, we can confidently predict that the sample mean will be 15.8kg.
In conclusion, The mean of a group of data points. The sample mean is a useful statistic for computing the central tendency, standard deviation, and variance of a data collection.
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Help solve the blanks
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
How to determine the total product, marginal product and average product?The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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A firm can produce 1,000 bushels of wheat per year with two workers or 1,300 bushels of wheat per year with four workers. The marginal product of the 4th worker is _____ bushels. {Hint: Find the formula for MP.]
The marginal product of the fourth worker is 150 bushels of wheat.
What is the marginal product?Marginal product is the change in the total product of labour when labour is increased by one unit.
Marginal product = change in output / change in labour
change in output = 1300 - 1000 = 300
change in labour = 4 - 2 = 2
300 / 2 = 150
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What is the answer to this question
According to the context, it can be inferred that the word that correctly completes the sentence is reaction (option C).
How to identify the missing word of the fragment?To identify the missing word of the fragment we must take into account the context, in this case it speaks of the 2020 pandemic in which many people were affected by not being able to work and required the help of others.
In this case, the retailers had a reactive attitude towards this situation because they decided to donate in response to the problems that the pandemic unleashed with the neediest people.
Note: The question is not readable in the image. Next is the question.
Some retailers have decided during COV.ID to donate a percentage of sales to programs that support those in need, such as food banks. These businesses could be said to have a _______ approach of social responsiveness during this per.iod.
OPTIONS:
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Trial Balance Practice
Cole Hernandez, owns a business named Ceco Co. with the following ledger accounts as of June 30, 2020
Instructions:
1. Prepare a trial balance for Ceco Co. as of June 30, 2020.
2. Remember to write in the full three-line heading and put the accounts in the proper order.
Account Balance
A/P - Batt Inc. $785.00
A/P - Parker Products 1000.00
A/P - Nishi Co. 1200.00
A/R - R. Tamo 3500.00
A/R - G. Slaught 1124.00
A/R - P. Onno 850.00
Automobile 22800.00
Bank Loan 25000.00
Cash 5000.00
C. Hernandez, Capital 32224.00
Equipment 25350.00
Supplies 1585.00
The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:
Ceco Co.
Trial BalanceAt June 30, 2020
Accounts Debit Credit
Cash $5,000.00
A/R - R. Tamo 3,500.00
A/R - G. Slaught 1,124.00
A/R - P. Onno 850.00
Supplies 1,585.00
Automobile 22,800.00
Equipment 25,350.00
A/P - Batt Inc. $785.00
A/P - Parker Products 1,000.00
A/P - Nishi Co. 1,200.00
Bank Loan 25,000.00
C. Hernandez, Capital 32,224.00
Totals $60,209.00 $60,209.00
What is a trial balance?A trial balance is a list of the ledger accounts balances at a particular date of the financial period.
The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.
Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.
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Which product would be considered part of the business-to-business market?
The product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.
What is a business-to-business market?A business-to-business market describes a process whereby goods or services are exchanged for the production of other goods or services.
In this market, the buying organization is not the final consumer but a producer of goods from the purchased inputs.
Question Completion with Answer Options:a) Classes at a university for a college freshman
b) Lumber needed to make furniture
c) A haircut from a salon
d) Appliances needed for your home
Thus, the product that would be considered part of the business-to-business market is the b) Lumber needed to make furniture.
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What is the biggest memecoin of 2022 ?
Answer:
Dogecoin (DOGE), Floki Inu (FLOKI), and RoboApe Token (RBA) are the top three meme coins on the market in 2022.
Explanation:
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Question 23
Investment gains earned during an initial time period are then put to work in the second time period earning additional
investment returns. What is this called?
A) Debt
B) Principal
C) Interest
(D) Compound growth
Questions Filter (40)
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4.75 Points
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The concept of reinvesting investment gains is called compound growth.
What is compound growth?
Compound growth is when both the amount invested and the investment gains already accrued increase in value because both amount are reinvested back in the venture. Compound growth ensures a faster growth in investment returns when compared with not reinvesting investment gains.
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what is Service Marketing Environment??
Answer:
The service marketing environment refers to all internal and external factors, which directly or indirectly influence the organization's decisions related to marketing activities. Internal factors are within the control of an organization; whereas, external factors do not fall within its control.
Explanation:
by using Philips curve, If the unemployment rate in the economy is steady at 4 percent per year, how does the short-run Phillips curve predict that the inflation rate will be changing, if at all? What will happen if the unemployment rate now rises to 7 percent per year? Assume there are no changes to inflation expectations. Provide an appropriate graph to support your discussion
The prediction that the inflation rate will change is that there will be a right-ward shift of the curve to indicate that inflation is on the increase. Recall that unemployment is depicted on the x -axis, and inflation on the y-axis.
What is a Phillips curve?The Philips curve shows an inverse relationship between unemployment and inflation.
What will happen if the unemployment rate now rises to 7 percent per year?Because the relationship between inflation and unemployment is inverse (that is, all things being equal), if the unemployment rate now rises to 7 percent per year, the inflation rate is sure to fall.
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What enables a oligopoly to form within a market
It would be too costly to launch a competing business To establish Oligopoly in the market.
What is a market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market.
A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.
The market share of the major companies is calculated using the concentration ratio.
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What should food workers use to touch food from display cases
Answer:
Food workers can use gloves,tongs or deli tissue to touch food from display cases.
tying financial models to strategies of a business helps generate more insightful analyses
Tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
What is a financial model?It should be noted that financial modelling is the representation of a company's operations to achieve a desired goal.
In this case, tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
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Genpact Select all that is false about lean digital
The false statement about Genpact's lean digital is A. it involves Digital Assets built on a set of chosen technologies that robotics process automation to artificial intelligence.
What is lean digital?Lean Digital is a technique that firms use to apply lean concepts to the creation of new digital products.
The principles of lean digital are:
Process-centric Design thinking Agility.Thus, the false statement about Genpact's lean digital is Option A.
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Question Completion with Answer Options:
A. It involves Digital Assets built on a set of chosen technologies that
robotics process automation to artificial intelligence.
B. It focuses only on technology deployment.
C. It uses Digital SEP to re-imagine outcomes.
D. It uses Design Thinking to improve User Experience.
Please use the following baseline information:
Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years
At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.
(I know it’s not $5,000)
Answer:
The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.
Explanation:
Jim works as a professional wrestler under the character name, "Headhunter Jim the Death Dealer". Jim can register his character's name as
A. a certification mark
B. a service mark
C. a trade name
D. a character mark
Answer:
A IS THE CORRECT ANSWER. .
The correct option is A. a certification mark.
What is a certification mark?A "certification mark" refer to any word, name, symbol, device or their combination that is used by a person other than its owner.
It is a special mark that is created for a purpose uniquely different from that of an ordinary service mark or trademark.
Here, Jim can register his character's name as a certification mark to get the unique identity.
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Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790
Windsor's gross profit for the month is:C. $1520.
Gross profitFirst step
January purchase:
Purchase= 130 - (210 - 130)
Purchase=130-80
Purchase= 50 units
Sales revenue= (260 + 50) x 9
Sales revenue=310×9
Sales revenue= $2,790
Second step
Cost= (260 x 4) + (50 x 4.60)
Cost=1,040+230
Cost= $1,270
Third step
Gross profit:
Gross profit= 2,790 - 1,270
Gross profit= $1,520
Therefore the correct option is C.
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Identify the "3" laws, rules, and regulations in law of business
The antitrust law is the set of federal and state laws whose purpose is to regulate the conduct of companies in order to establish rules for legal business practice and regulation on securities.
What is business law?It corresponds to the set of laws, rules and regulations that apply to the corporate environment, establishing the responsibility of companies and their workers, their rights and duties in order to build an ethical and positive market for business development.
Therefore, business law is essential for the maintenance of legality and ethics in a competitive business environment, instituting protection in several important areas, such as socio-environmental responsibility and workers' rights.
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Biltmore Corporation uses the weighted-average process costing method. During
the month of April the direct material equivalent unit cost was $11 and the
conversion cost equivalent unit was $5. Biltmore completed and transferred
$200,000 of production to the finished goods inventory for the month of April. Use
this information to determine the number of units that were transferred from the
Work in Process. Round answer to closest dollar (do not enter cents).
The number of units that were transferred from the Work in Process is 12,500
What is the quantity of finished output transferred from work in process to finished goods?
In the first place, each unit of completed output would require direct material which costs $11, and conversion cost(the cost of labor for converting the direct material to finished product).
In essence, each complete unit is worth $11 plus $5 i.e. $16
The total cost of completed and transferred output is the total cost per unit, $16, multiplied by the number of units completed and transferred
cost of completed and transferred output=total cost per unit*units transferred
cost of completed and transferred output=$200,000
total cost per unit=$16
units transferred=unknown(assume it is X)
$200,000=$16*X
X=$200,000/$16
X=12,500(units)
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The government has many laws and regulations concerning the treatment of employees. Which department in an organization is responsible for filing reports required by the government, displaying posters that detail government regulations, and addressing any unlawful behavior?
The human resources department is responsible to look after the regulations concerning the treatment of employees.
What do you know about the Human resources department?The obligations of a human aid supervisor fall into 3 principal areas: staffing, worker reimbursement and benefits, and defining/designing work. Essentially, the cause of HRM is to maximize the productiveness of a business enterprise via way of means of optimizing the effectiveness of its employees.
Thus, The human resources department is responsible to look after the regulations concerning the treatment of employees.
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Calculate the 2 year annuity factor if the required rate of return is 10%.
1.736
0.091
0.826
2.486
The 2-year annuity factor for a required rate of return of 10% can be calculated to be A. 1.736.
How can the annuity factor be found?The annuity factor can be found by the formula:
= 1 x (1 - (1 + rate) ^-number of periods) / rate
Solving gives:
= 1 x (1 - (1 + 10%)⁻²) / 10%
= 1 x 1.7355
= 1.736
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1. your _______has a strong influence on how you approach your business.
2. it's wise to interview and job shadow someone experienced in the field______ you choose your business.
3. During the decision making process,______ any business area that suits your personality.
4. _______,________,and __________, are possible issues to consider when evaluating your business personality
5. Learning the details of day to day business can help your tailor your plan to suit your_____
Answer:
Explanation:
1. mindset
2. in which
3. look at
4. motivation, planning, strength
5. business aspects
Answer:
1. personality
2. before
3. accept
4. Office hours, profit margins, deadlines
5. strengths
Explanation: PF
After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?
The thing that can be accurately told about the organization is that high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.
What is promotion?Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.
Thus, organization is that high authority is not much responsible.
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A written communication between two departments of a company would be made by ??
A written communication between two (2) departments of a company would be made by memo.
What is a memo?A memo is abbreviation for memorandum and it can be defined as a written communication which is typically used to communicate an information of immediate importance to people within a business or between two (2) departments of a company.
This ultimately implies that, a written communication between two (2) departments of a company would be made by memo.
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This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
a. IORB
b. Discount Rate
c. Federal Funds Rate
d. Required Reserve Ratio
The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.
What is the IORB?The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.
This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.
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