The common stock is trading for $30 per share right now, and the conversion price is $25. The derp debentures should be trading at around $48 per share, as expected.
Here, the parity price must be calculated first. The debenture is convertible into 25 shares of the company's ordinary stock at a conversion price of $40 (par value of $1,000 divided by $30 equals 25 shares). The parity price of the stock would be $48 with a current market price of $1,200. The stock should currently be worth somewhat less than $48 per share on the market because convertible securities often trade at a modest premium to its parity price.
Shares of publicly traded corporations can be bought and sold on a number of exchanges together referred to as the stock market. Such financial transactions are made through official exchanges and over-the-counter (OTC) markets that follow a set of rules.
The terms "stock market" and "stock exchange" are frequently used synonymously. On one or more of the stock exchanges that make up the broader stock market, traders can buy and sell shares of stock.
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Economists Edward Glaeser and Matthew Kahn studied carbon emissions in different parts of the United States. basis of what they found, they concluded that environmentalists should be in favor of a. policies that encourage people to move from suburban areas to rural areas b, lower taxes on carbon-based fuels such as gasoline. c. more and taller skyscrapers. d. policies that encourage people to move from large cities to suburban arear
Economists Edward Glaeser and Matthew Kahn studied carbon emissions in different parts of the United States. basis of what they found, they concluded that environmentalists should be in favor of more and taller skyscrapers.
The “terrible” element way that the externality is one this is dangerous in preference to useful to the ones affected. The carbon emissions and the ensuing worldwide warming are terrible externalities because their prices to the surroundings are detrimental, however oblique and gradual.
Bystander effect, the inhibiting has an impact on of the presence of others on someone's willingness to assist a person in need. Research has proven that, even in an emergency, a bystander is much less probably to increase assist whilst she or he is withinside the actual or imagined presence of others than whilst she or he is alone.
The bystander effect happens whilst the presence of others discourages a man or woman from intervening in an emergency situation, towards a bully, or at some point of an attack or different crime. The extra the variety of bystanders, the much less probably it's far for any person of them to offer assist to someone in distress.
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Preferred stockholders usually have preference over common stockholders with respect to which items? (Select all that apply.)
(_) issuance of additional debt
(_) issuance of additional shares
(_) distribution of assets in liquidation
(_) dividends
When it comes to dividends, preferred investors often have a leg up on regular stockholders. Thus, the correct answer is dividends.
How does the dividend system work?A dividend is a revenue payment made by a corporation to its shareholders. When a business makes a profit or has a surplus, it can distribute a portion of its profits to shareholders in the form of a dividend. Any monies that are not dispersed are reinvested in the company. Earnings for the current year, as well as retained profits from prior years, are available for distribution; a company is usually forbidden from paying a dividend out of its capital. If the corporation has a dividend reinvestment plan, the amount might be distributed to shareholders in cash, new shares, or current shares repurchased. In some situations, assets may be distributed.
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Demand in industrial markets is different from that in consumer markets. All of the following are factors that differentiate the industrial market from the consumer market EXCEPT:
1. stages in economic development affect demand for industrial products.
2. demand is more volatile in the industrial market.
3. stages in industrial development affect demand for industrial products.
4. the level of technology of products and services makes their sale more appropriate in some countries than others.
5. industrial products are always more expensive than consumer products
The level of technology of products and services makes their sale more appropriate in some countries than others is not a factor that differentiate the industrial market from the consumer market.
In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services.
Agriculture; mining; manufacturing; construction and transportation; communication and public utilities; banking, finance, and insurance; and services make up the majority of the industries that make up the industrial market (business market).
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Oxford Salts has just been bought by Townsend Spice. The Oxford Salts employees are unsure of what that will mean for their jobs, as Townsend already has a competent workforce. As a result, several Oxford employees have started to call in sick and have begun to look for other jobs. Which of the following would you recommend to Townsend Spice managers? Multiple Choice Upgrade the IT infrastructure to improve communication and innovation. Identify solutions that worked in another country and apply them to Townsend Spice. O Accept that conflict is inherent in organizations and fire the Oxford Salts employees. O O Bring in an OD consultant to help integrate the culture and processes of the two firms.
Bring in an OD consultant to help integrate the culture and processes of the two firms.
Institute of Management Consultants USA claims that "The ability to accurately diagnose and effectively transform a frequently poorly defined problem and apply information, resources, and processes to create a workable and usable solution is the value of a consultant [as opposed to a Subject-matter expert (SME). Some experts make excellent consultants, and vice versa; some are neither; and only a select handful are both." Another point of differentiation would be between consultants and experts, or between SMEs and team leaders, or between consultants and coaches.
Since consulting agreements are a type of labor contract, similar to staffing, which a client obtains for more generalist labor and consulting is for more specialized labor, consultants do not necessarily need to be subject-matter experts.
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all of the following individuals would be allowed to effect transactions in the account of a customer who is mentally incapacitated except a(n): a individual named in the customer's living will b individual given a durable power of attorney c conservator appointed by a court of law d joint tenant that owns the account with the customer
All individuals would be allowed to effect transactions in the account of a customer who is mentally incapacitated except an individual named in the customer's living will
When a person is mentally incapacitated, it indicates that they are momentarily unable to evaluate or regulate their behavior, regardless of the underlying cause of a disease, a flaw, the effects of a substance, etc. An individual is designated in a living will to only make end-of-life medical decisions and not pecuniary ones.
This works because the customer names a person to make choices for the incapacitated client through a durable power of attorney that was granted by the customer previous to his or her mental incapacitation. Trades may be made by the conservator of the account, as appointed by the court. The other party in the account is still permitted to trade if the account was held as joint tenants.
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elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions.
Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions is true.
How did Mayo view the interaction between employees and management?Elton Mayo came to the conclusion that employees' requirements were frequently based on feeling (belonging to a group and having a sense of value), and that this may cause conflicts with managers, who were primarily concerned with cost-cutting and efficiency.
Therefore, According to Elton Mayo's research, when managers took the time to hear the ideas and opinions of their employees, work or motivation increased. The expectation hypothesis states that when employees are given an extremely difficult task, their motivation nearly always improves.
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Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions. true or false
under , the market consists of many buyers and sellers trading in a uniform commodity. group of answer choices A.oligopolistic competition B.monopolistic competition C.the dominant firm model pure competition
D. a pure monopoly
Under Pure Monopoly , the market consists of many buyers and sellers trading in a uniform commodity.
What is meant by "market"?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
Has the market collapse occurred?Approximately every seven years since those reforms, the stock market has plummeted, with the 2022 crash being brought on by the coronavirus. These crashes occurred in 2000, 2008, and 2020. Several factors can cause markets to fall. For instance, the stock market plummeted as a result of outside factors in 2022 and 1973, respectively.
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quality control charts usually have a central line and upper and lower control limit lines. which of the following is not a reason that the process being monitored with the chart should be investigated? a sudden and sustained shift in the plots toward the upper or lower control limit a single plot falls outside of the control limits a large number of plots are on or near the central line there is an upward trend in the plots
A large number of plots are on or near the central. There is upward trend in plot.
A large number of plots on or near the central line is not necessarily a reason to investigate the process. This could indicate that the process is operating within acceptable limits and is not indicative of a problem. However, a sudden and sustained shift in the plots toward the upper or lower control limit, a single plot falling outside of the control limits, or an upward trend in the plots could all be reasons to investigate the process further.
Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC is similar to, but not identical with, quality assurance (QA).
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Which of the following scenarios would cause the survey used by the college administrators to yield misleading willingness-to-pay data? Check all that apply.
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Students are surveyed at random, using conventional survey and data-gathering methods.
Answers needed are bolded:
1. $ Monetary amount
2. LESS/GREATER
3. SHOULD NOT/SHOULD
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Students are surveyed at random, using conventional survey and data-gathering methods.
Based on the conducted survey:
The beautification estimated benefit is $3,900The estimated benefit is less than the costThe college administrator should not undertake the beautification initiative.Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.The beautification benefits could be represented by the students willingness-to-pay. Students willingness-to-pay express the way students think and view the initiative, whether it is worthwile or not. The initiative's estimated benefit is:
Estimated benefits = Students' willingness-to-pay
Estimated benefits = Number of students surveyed x average willingess-to-pay
Estimated benefits = 300 x $13
Estimated benefits = $3,900
Nestimated benefits is compared with the estimated cost, the benefits is much lower. This finding shows that the students' perceived value and expectation are lower than what the campus admnistrators expected. Hence, this initiative should not be taken into action.
Students give low amount for their willingness-to-pay shows how the students feel not sure about the importance of beautification initiative and they believe that if the inititive does not happen, the funds will not be spent elsewhere.
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Complete Question:
A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is non-rival and non-excludable. Thus, the visual appearance would be classified as a public good.
Suppose the college administrators estimate that the beautification initiative will cost $5,200. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 300 students, asking each of them their willingness-to-pay for the beautification project. The average willingness-to-pay, as revealed by the survey, is $13.
The benefit of the beatification initiative, as suggested by the survey, is $_____ . Because the estimated benefit is LESS/GREATER than the cost, the college administrators SHOULD NOT/SHOULD undertake the beautification initiative.
The calculation of the benefit of the beatification initiative relied on the ability of the administrators to accurately capture the true willingness-to-pay of each student.
Answers needed are bolded:
$ Monetary amountLESS/GREATERSHOULD NOT/SHOULDWhich of the following scenarios would cause the survey used by the college administrators to yield misleading willingness-to-pay data? Check all that apply.Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.Students are surveyed at random, using conventional survey and data-gathering methods.ompany acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base
The amount of sales will be reported in the 20X8 consolidated income statement is $100,000.
Since 70% of the goods are sold of the price of $100,000 therefore we can say that in the consolidated income statement, the sales amount is $100,000.
An income declaration or profit and loss account is one of the economic statements of a business enterprise and indicates the company's revenues and prices during a specific duration. It suggests how the sales are converted into the net income or internet profit. An income declaration shows a corporation's revenues, costs and profitability over a time frame. it's also sometimes known as a income-and-loss (P&L) assertion or an profits assertion. It shows your: revenue from selling services or products. costs to generate the revenue and manipulate your enterprise.
An income announcement is a monetary assertion that indicates you the organization's income and costs. It additionally shows whether a agency is making income or loss for a given period. The income declaration, together with stability sheet and coins glide declaration, helps you understand the economic health of your commercial enterprise.
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Would you prefer to be a freelance worker or employed with a fixed
salary?
Employed with a fixed salary is more suitable because they have job security and a fixed amount of salary.
Why fixed salary job is good?Employer-provided benefits, like as health insurance, 401(k) plans, sick days, and paid vacation time, are one of the main perks of full-time employment. These are all common benefits of staff positions, whereas independent contractors are left to fend for themselves in every way.
Contractors and freelancers work for themselves, whereas employees are employed by a firm. the quantity of customers. Contractors typically work with one customer at a time, whereas employees typically work for a single employer. Freelancers take on multiple clients at once.
Thus, Employed with a fixed salary is more suitable.
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Show me how to prepare a financial statement
To prepare the financial statement of the Income Statement, start with Sales, then deduct the Cost of Goods Sold, and then deduct the Operating expenses.
How to prepare an Income Statement ?An income statement shows the profit made from operations in a given period which is most often a year.
First find the sales revenue amount and then find the sales returns and allowances and deduct them from sales to get net sales. Then add the opening inventory to purchases and deduct the closing inventory. This is considered Cost of goods sold and deducting it from sales gives the gross profit.
Then find your operating expenses such as advertising, utility, and salaries. Deduct these from the gross profit and then find the tax on that pre-tax net profit. After deducting the tax, then you'll have the after - tax profit.
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marketing is not just advertising and selling. it includes everything that organizations do to satisfy customer needs. this includes all of the following except: question
The concept mentioned is Marketing. The answer is outsourcing manufacturing.
Marketing as an activity includes creating, communicating, delivering, and exchanging offerings that have value for customers. Some marketing is done by cells on behalf of a company. Professionals who work in a pot's marketing and creation departments seek to get the attention of crucial implicit cults through advertising.
It helps businesses to raise brand mindfulness, induce business, increase profit, and make trust in their brand. It contains colorful strategies like dispatch and direct and digital marketing.
It includes the identification of a product, determining demand, deciding on its price, and opting for distribution channels. Outsourcing refers to a business practice of hiring a party outside the company to deliver services and produce products that have earlier been done in-house by its own workers.
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Real property taxes tend to have significantly lower compliance cost per dollar of revenue raised than do individual income taxes because
a. local governments administer property taxes.
b. real property taxes are taxpayer-passive while income taxes are taxpayer-active.
c. individual income taxes yield vastly more revenue than do real property taxes.
d. the statement is inaccurate: real property compliance costs are actually higher.
Than do individual income taxes because local governments administer property taxes. Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.
Property tax is calculated based on the value of the property, which can be tangible personal property or real estate in various countries. The assessed taxes are used for water and sewer improvements. All property owners must yearly pay real estate tax, often known as real property tax (RPT). Real property taxes may be levied by LGUs and local governments across the nation under sections 197 to 283 of the Local Government Code.
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During 2022, Sedgewick Inc. had sales on account of $528,000, cash sales of $216,000, and collections on account of $336,000. In addition, they collected $5,800 which had been written off as uncollectible in 2021. As a result of these transactions, the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a
Answer:
$402,200
$192,000
$186,200
$408,000
The change in the accounts receivable balance,given the sales in the year,and the collections on account,was$192, 000.
The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable(AR).On the balance sheet,accounts receivable are shown as a current asset.Any sum of money that clients owe for purchases they made using credit is known as AR.Due to the customer's legal duty to pay the debt,businesses include accounts receivable as an asset on their balance sheets.They are regarded as liquid assets since they can be pledged as security against a loan to cover immediate expenses.The working capital of a business includes receivables.The change in accounts receivables from the beginning of the year to the end, is =Sales on account for the year -Collections on account.
= 528,000-336, 000
= $ 192,000
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when a shopper recognizes similarities between themselves and a reviewer this tends to increase trust in product reviews, this is referred to as which of the following?
This is referred to as Confirmation Bias.
What do you mean by Confirmation Bias?
Our propensity to selectively choose information that supports our preexisting opinions or ideas is known as confirmation bias. Two persons with different opinions on a subject may encounter the same piece of information and feel justified by it, which is explained by confirmation bias. The psychology term "confirmation bias" describes the propensity of people to exclusively look for evidence that validates their own beliefs. As a result, you become biased in favor of your initial viewpoint since you will only ever find evidence to support your original viewpoint if you only look for it.To know more about Confirmation bias here
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question temporary-services firms supply trained workers to other companies on a temporary basis. temporary-services firms lose business when the economy shows signs of beginning to weaken. they gain business when the economy begins to recover but often lose business again when the economy stabilizes. these firms have begun to gain business in the present weak economy. the economy therefore must be beginning to recover. which of the following is an assumption on which the argument depends?
The one which is an assumption on which the argument depends is that, the temporary-services firms do not gain business when an already weak economy worsens.
The temporary-services firms agency tend to provide workers to companies on a case-by-case basis. So these tend to allow the companies a cost-efficient way in order to employ new employees with any specialized skill sets.
However, the temporary-services firms do not gain any business when an already weak economy tend to worsen. Thus, such employees are released after the project or period of contract is over.
Hence, temporary service is the service of a temporary government worker.
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The one which is an assumption on which the argument depends is that, the temporary-services firms do not gain business when an already weak economy worsens.
The temporary-services firms agency tend to provide workers to companies on a case-by-case basis. So these tend to allow the companies a cost-efficient way in order to employ new employees with any specialized skill sets.
However, the temporary-services firms do not gain any business when an already weak economy tend to worsen. Thus, such employees are released after the project or period of contract is over.
Hence, temporary service is the service of a temporary government worker.
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A corporation that owns more than $10 million of total assets uses which schedule to reconcile book income to taxable income?
A. Schedule M-1
B. Schedule M-2
C. Schedule M-3
D. Schedule M-4
The reconciling of losses or income reported on the books to earnings or losses reported on the tax return is shown in Schedule M-1. The items listed on this agenda are those that fall under that category.
What does the synonym involve to?Comprehend, accept, and include are a few typical synonyms for involve. Include denotes inclusion by way of the character of the whole, perhaps as being its inherent or inevitable outcome, even if all these terms all imply "to contain throughout as one of the whole."
How should the verb involve be used?1 If anything is a significant or core aspect or outcome of a scenario, an incident, or an activity, it is said to be involved in that situation, event, or activity. Any investment has a certain amount of risk. Numerous offenses involved.
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Which of the following investments would be protected by the FDIC? A) Money Market Accounts B) Stocks C) Bonds D) Mutual Funds
Money Market Accounts are the investments that would be protected by the FDIC. (Option A)
What is meant by a money market account?In addition to a debit card and check writing privileges, a money market account is often a sort of savings account. High-yield savings accounts typically offer better rates than money market accounts, but they may also have higher minimum balance requirements.
Are money market accounts covered by the FDIC?There are just a few deposit instruments that are covered by FDIC deposit insurance, including checking and savings accounts, money market deposit accounts (MMDAs), and certificates of deposit (CDs).
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Answer: C money market accounts
Explanation: edge 2023
the letter might change be carefulcompeting against foreign banks can be difficult for u.s. banks because: foreign banks are subject to fewer regulations than u.s. banks u.s. banks are not used to the pure competition that exists in the banking industry in many asian countries the federal reserve has no control over international banking it is illegal to take more than $10,000 worth of u.s. currency out of the country international banks are so risk-averse
Competing against the foreign banks can be considered difficult for U.S. banks because the foreign banks are subject to fewer regulations than the U.S. banks.
It is researched that competing against the foreign banks can be difficult for the U.S. banks as the U.S. banks are subject to many more regulations than any. So here, some governments tend to protect their banks against foreign competitors.
However, a foreign bank branch is said to be a type of international bank which is thus obligated in order to follow the laws of both its home country and the nation it is operating in.
Hence, international banking is a high-risk business.
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coda inc. is an apparel manufacturer. the management at coda prefers moderate control over the operations of the different departments such as r
It allocates a budget to each function at the beginning of each quarter. This is an example of implementing control through input controls.
A budget is a series of calculations, often but not necessarily financial, for a predetermined time frame, frequently a year or a month. A budget may contain information on expected sales and revenue levels, resource quantities such as time, costs, and expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities, and cash flows.
Budgets are used by businesses, governments, families, and other groups to define strategic plans of operations in quantifiable terms. A budget lists proposed ways to raise the funds needed to cover projected expenditures. A budget might show a surplus of resources for future use or a deficit where spending exceeds income or other available resources.
The above question is incomplete, the complete question is-
Coda Inc. is an apparel manufacturer. The management at Coda prefers moderate control over the operations of the different departments such as R&D, design, marketing, and sales. It allocates a budget to each function at the beginning of each quarter. This is an example of implementing control through _____.
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budgetary constraints, higher ethical standards and innovation in design have resulted in an increase in the use of reclaimed and recycled materials. items made from recycled materials are often more affordable and use resources more effectively. as sustainable design becomes more mainstream, products become more beautiful and refined. sustainable design has been mainstream for many years.
False, budgetary constraints, higher ethical standards, and innovation in design have resulted in an increase in the use of reclaimed and recycled materials. items made from recycled materials are often more affordable and use resources more effectively. as sustainable design becomes more mainstream, products become more beautiful and refined.
In economics, a budget constraint represents all the combos of products and services that a consumer could purchase given current costs at intervals of his or her given financial gain. Consumer theory uses the ideas of a budget constraint and a preference map as tools to look at the parameters of consumer choices. each thought has a ready graphical representation in the two-good case.
the buyer will only purchase the maximum amount their income can allow, therefore they're strained by their budget.[1] The equation of a budget constraint is x+P_y=m}">x+P_y=m} where a k is of peace is the value of excellent X, and P_y is the price of good Y, and m = income. The concept of soppy budget constraints is often applied to economies in transition.
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se the following financial statements and additional information.
AUSTIN INCORPORATED
Comparative Balance Sheets
June 30, 2019 and 2018
2019 2018
Assets
Cash $ 94,300 $ 39,400
Accounts receivable, net 81,000 63,000
Inventory 68,000 94,000
Prepaid expenses 5,600 7,000
Total current assets 248,900 203,400
Equipment 176,000 163,000
Accumulated depreciation—Equipment (45,000) (15,000)
Total assets $ 379,900 $ 351,400
Liabilities and Equity
Accounts payable $ 31,000 $ 38,000
Wages payable 6,000 16,000
Income taxes payable 4,900 5,400
Total current liabilities 41,900 59,400
Notes payable (long term) 40,000 80,000
Total liabilities 81,900 139,400
Equity
Common stock, $5 par value 240,000 170,000
Retained earnings 58,000 42,000
Total liabilities and equity $ 379,900 $ 351,400
AUSTIN INCORPORATED
Income Statement
For Year Ended June 30, 2019
Sales $ 922,000
Cost of goods sold 564,000
Gross profit 358,000
Operating expenses
Depreciation expense $ 75,000
Other expenses 91,000
Total operating expenses $ 166,000
192,000
Other gains (losses)
Gain on sale of equipment 4,900
Income before taxes 196,900
Income taxes expense 60,270
Net income $ 136,630
Additional Information
A $40,000 note payable is retired at its $40,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $74,000 cash.
Received cash for the sale of equipment that had cost $61,000, yielding a $4,900 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances.
1 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any.
2 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any.
3 Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any.
4 Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet account(s), if any.
5 Reconstruct the journal entry for the sale of equipment at a gain, incorporating the change in the related balance sheet account(s), if any.
6 Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet account(s), if any.
7 Reconstruct the entry to record the retirement of the $40,000 note payable at its $40,000 carrying (book) value in exchange for cash.
8 Reconstruct the entry for the purchase of new equipment.
9 Reconstruct the entry for the issuance of common stock.
10 Close all revenue and gain accounts to income summary.
11 Close all expense accounts to income summary.
12 Close Income Summary to Retained Earnings.
13 Reconstruct the journal entry for cash dividends paid.
Answer:
explain down
Explanation:
A specialty journal records special events or transactions related to the particular journal. There are mainly four kinds of specialty journals – Sales journal, Cash receipts journal, Purchases journal
, and Cash disbursements journal. The company can have more specialty journals depending on its needs and type of transactions, but the above four journals contain the bulk of accounting activities.
All other transactions not entered in a specialty journal account for in a General Journal. It can have the following types of transactions:
Accounts receivables
Accounts payable
Equipment
Accumulated depreciation
Expenses
Interest income
and expenses, etc.
Table of contents
What is General Journal?
General Journal Accounting
General Journal Format
General Journal Examples
Flow Process
Uses
Technological Advances
Conclusion
General Journal Video
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crazy mountain tours co. is a travel agency. the nine transactions recorded by crazy mountain tours during may 20y2, its first month of operations, are indicated in the following t accounts: cash 5/1 31,000 5/2 2,700 5/11 8,500 5/3 3,800 5/5 4,800 5/9 5,700 5/25 2,500 accounts receivable 5/8 12,600 5/11 8,500 supplies 5/2 2,700 5/15 700 equipment 5/3 12,500 accounts payable 5/9 5,700 5/3 8,700 common stock 5/1 31,000 dividends 5/25 2,500 service revenue 5/8 12,600 operating expenses 5/5 4,800 5/15 700 based upon the t accounts provided, prepare the nine journal entries from which the postings were made.
The journal entry of the crazy mountain tours co is given below.
The term journal entry in accounting is defined as records a business transaction in the accounting system for an organization
Here we have given crazy mountain tours co. is a travel agency. the nine transactions recorded
And we have to prepare the nine journal entries from which the postings were made.
While we looking into the given question we have identified the following as debit transactions,
Accounts receivable = 12,600 + 8500 = 21,000
Equipment = 12,500
Common stocks = 31,000
Dividend = 2,500
And the credit transactions are identified as,
Accounts payable = 5,700 + 8,700 = 14,400
Supplies = 2700 + 700 = 3400
Operating expenses = 4,800 + 700 = 5,500
The the journal entry for the transaction can be written as follows:
Jan Accounts receivable Dr. $21,000
Equipment Dr. $12,500
Common stocks Dr. $31,000
Dividend Dr. $2,500
To Supplies $3,400
To Accounts payable $14,400
To operating expenses $5, 500
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Youare the owner of a baseball team. Your stadium has a maximum capacity(think of this as in thousands)of 60. The Marginal Costof having one additional fan attend the game is $0if attendance is less than 60 and then infinite for anything above 60. You cantake advantage of variable pricing togenerate extra revenue when teams that are more popular are in town. Suppose that whenthe Kansas City Royals are in town the demand for a ticket to the game is: P=100-Qand the Marginal Revenue is:P=100-2Q andwhen the New York Yankees are in town the demand for a ticket to the game is: P=300-Qand the Marginal Revenue is:P=300-2Q. Draw this graphically and calculate the price and quantity for Royals and Yankees tickets.
The price for a Yankees ticket is $150 and the quantity is 150,000.
The graphs for the demand and marginal revenue are shown below (in thousands of tickets):
Kansas City Royals:
Demand: P = 100 - Q
Marginal Revenue: P = 100 - 2Q
New York Yankees:
Demand: P = 300 - Q
Marginal Revenue: P = 300 - 2Q
The price and quantity for Royals and Yankees tickets can be calculated by finding the intersection of the demand and marginal revenue curves.
For the Kansas City Royals:
P = 100 - Q
100 - 2Q = 100 - Q
2Q = 0
Q = 0
P = 100
Therefore, the price for a Royals ticket is $100 and the quantity is 0.
For the New York Yankees:
P = 300 - Q
300 - 2Q = 300 - Q
2Q = 0
Q = 150
P = 150
Therefore, the price for a Yankees ticket is $150 and the quantity is 150,000.
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The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and construction began on a new building. Costs incurred during the first year are listed as follows: Demolition of old building $ 9,000
Sale of salvaged materials (1,100)
Architect fees (for new building) 20,000 Legal fees (for title investigation of land) 3,000
Property taxes on the land for the first year) 1.000 Building construction costs 800
Interest costs related to the construction 300 Required: Determine the amounts that the company should record in the Land and the Building accounts. (Amounts to be deducted should be indicated by a minus sign.) Land Building Totals
The amount recorded in the land account is $73,000 and building account is $857,900.
A land account is a non-current asset account presented in the balance sheet. A land account is considered as part of the tangible property, plant, and equipment. A building account is an account that contains the carrying amount of buildings owned by a business.
The amounts that the company should record in the land account are purchase price and legal fees for the title investigation of land. Hence, the total amount recorded is $70,000 + $3,000 = $ 73,000.
The amounts that the company should record in the building account are demolition of old buildings, sale of salvaged materials, architect fees, building construction cost, and cost related to the construction. Hence, the total amount recorded is $9,000 + $(1100) + $20,000 + $800,000 + $30,000 = $857,900.
Note: The question is incomplete as two costs are incorrect. The correct amount is Building construction costs 800,000 and costs related to the construction 30,000.
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Green Company reports depreciation expense of $58,000 for Year 2. Also, equipment costing $194,000 was sold for a $6,800 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.
At December 31 Year 2 Year 1
Equipment $675,000 $854,000
Accumulated Depreciation-Equipment 480,000 565,000
$47,300 (Accumulated depreciation on equipment sold = $565,000 + $53,000 − $480,000 = $138,000Cash received = ($179,000 − $138,000) + $6,300 = $47,300))
Cash received on Sale of Equipment = $ 52,800. It is the origin of the depreciation expense that show up on balance sheets and income statements for corporations.
Companies subtract a non-cash charge called depreciation from their net profits. It shows how much money will be lost to depreciation over the length of an accounting period for a capital asset. Depreciation costs are calculated on the assumption that long-term assets, such as machinery, computers, software, and cars, have an estimated useful life and that their value would decline over the duration of that lifetime. The amount of depreciation shown on a company's balance sheet for a particular accounting period is referred to as a depreciation expenditure. The amount of depreciation that has been accumulated in an asset up to a certain point is known as accumulated depreciation.
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multi-channel funnel reports can credit conversions across which of these channels? (select all answers that apply)
Conversions on these channels, including natural and paid search, broadcast networks, webpage connections, and custom promotions, can be credited by multi-channel funnel statistics.
What is reporting over several channels?
These and other queries are answered by the Multi-Channel Funnels reports, which demonstrate that business promotional strategies (i.e., sources of website traffic) interact to produce revenue and conversions. As instance, many customers may make purchases on your website after looking up your company name.
What causation model is applied in the multi channel campaigns review?
A conversion path's final four most important interactions are only included in the statistics attribution model utilized in multi-channel funnel reporting, and it can reward straight visits with a purchase.
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lance-hefner specialty shoppes decided to use the dollar-value lifo retail method to value its inventory. accounting records provide the following information: cost retail merchandise inventory, january 1, 2021 $ 245,000 $ 350,000 net purchases 458,800 615,000 net markups 18,000 net markdowns 13,000 net sales 460,000 related retail price indexes are as follows: january 1, 2021 1.00 december 31, 2021 1.20 required: determine ending inventory and cost of goods sold using the information provided.
The ending inventory will be $234,800 and cost of goods sold is $275,400.
According to the LIFO retail method, ending inventory includes the start inventory and the present year's layer. to see layers, we have a tendency to compare ending inventory at retail to starting inventory at retail and assume that no over one inventory layer is side if inventory will increase.
Ending inventory is that the quantity of inventory an organization has available at the tip of its year. it's closely connected with ending inventory price, that is that the quantity of cash spent to induce these product available. It ought to be calculated at the lower of price or market.
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Which of the following is NOT a measurement of risk?
The beta range is not a measurement of risk.
A Few equities actually have negative betas in reality (to go up when the market goes down). Beta values for most equities range from 0 to 3. It assesses an investment's contribution to market portfolio risk that was not mitigated by diversification. Beta is not a measure of idiosyncratic risk. It measures the average movement of a single asset in relation to changes in the whole stock market. As a result, when a tiny amount of an asset is added, it is a helpful indicator of how much that asset contributes to the danger of the market portfolio.
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