Explanation:
incomplete question,you need to complete your question for a correct answer
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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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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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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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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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
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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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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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.
Assuming you are a business owner with different shareholders. How may zero growth stock valuation and constant stock valuation affect your business operations?
As a business owner, the zero-growth stock valuation will be less preferred than the constant stock valuation because:
it is eroded by inflationit does not grows over years.What is the zero-growth stock valuation?The stock valuation holds that the dividend paid to a shareholder will remain the same set amount until it matures.
What is the constant stock valuation?The stock valuation holds that the dividends paid by the company will continue to go up at a constant growth rate indefinitely.
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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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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:
Hope it helps!
According to McClelland's research, the need for achievement is
Answer:
the need that drives a person to work and even struggle for the objective that he wants to achieve
Explanation:
According to McClelland's research, the need for achievement is a desire to influence others.
What is the significance of McClelland's research?McClelland's approach might assist in identifying the major motivators of your team members. This information may then be used to impact how goals are defined and feedback is provided, as well as how team members are motivated and rewarded. The urge for success, according to his study, is a drive to influence others.
From 1962 to 1967, he was the Chair of the Department of Social Relations. McClelland's research covered more than five decades and produced a significant corpus of testing equipment, data, and theoretical models of human motivation and accomplishment.
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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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the order of the 4 P's of marketing
The 4 P's of marketing correspond to the marketing mix that will help a company to be competitive in the market, they are:
ProductPlacePricePromotionWhat is the relevance of the marketing mix for a company?Through the four factors that make up the marketing mix, companies are able to develop strategies aligned with their objectives and goals, helping to obtain increased sales, value for their products and services and market positioning.
Therefore, the 4P's of marketing are factors that help in the creation of methodologies for the development of strategies for a brand to be successful.
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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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Question 9 of 20
To meet increased expenses, Marsha will need to increase her.
A. financial goals
B. income
C. savings
OD. costs
To meet increased expenses, Marsha will need to increase her B. income
What is an Expense?This refers to the price of a good or service that a person has to purchase so as to meet a business need.
Hence, we can see that in order to meet increased expenses which results in more spending, the best thing which Marsha needs to do is to increase her income so she can be able to afford more things.
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Answer: income
Explanation:
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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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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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.
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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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:
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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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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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:
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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Dorian owns a farm and sells potatoes to local restaurants and grocery stores. Which phrase describes this information about Dorian's business? Supplier in the factor market Supplier in the financial market Consumer in the product market Consumer in the factor market
Answer: Supplier in the factor market
Explanation:
Got it right
Answer: Supplier in the factor market
Explanation:
Based on the following data, what is the amount of working capital?
Accounts payable $65280
Accounts receivable 116280
Cash 71400
Intangible assets 102000
Inventory 140760
Long-term investments 163200
Long-term liabilities 204000
Short-term investments 81600
Notes payable (short-term) 57120
Property, plant, and equipment 1366800
Prepaid insurance 2040
$377400
$332520
$289680
$338640
The amount of working capital of the company is $289680
Compute the working capital for the company?
Working means the amount of cash resources and other liquid resources the firm has at its disposal to run its daily operations, it is computed as current assets minus current liabilities.
Current assets=accounts receivable+ cash+ inventory+ Short-term investments+ Prepaid insurance
Current assets=116280+71400+140760+ 81600+2040
Current assets=$412080
Current liabilities=accounts payable+ notes payable
current liabilities=65280+57120
current liabilities=$122400
working capital=412080-122400
working capital=$289,680
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As part of an ongoing project, your team needs to create several graphical representations of various functions from the top down. What kind of diagrams should be used to represent the functions?
A. Data flow diagrams
B. Use case diagrams
C. Functional decomposition diagrams
D. Sequence diagrams
5 benefits of employed skilled labour
Answer:
Explanation:
1-1ST Hand knowledge in labour skills
2-You have yourself a great worker with good work ethic/not lazy
3-Good help is hard to find. If they are skilled, they can provide other skills needed
4-Jack of all trades. they wlll have experience, if not, know somebody that does
5-Cost effective vice "paying the big companies"