HELP ME ASAP!!
_______ is the design of buildings and creation of building plans, or
blueprints.
O Construction
O Marketing
O Architecture
O Drafting

Answers

Answer 1

Answer:

Architecture

:):)

Explanation:

hope I help!!:)

Im learning same thing and just completed that, I know its Architecture!!!!


Related Questions

Canadians companies are free to charge whatever prices they wish. True or false

Answers

Answer:true

Explanation:

A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below.
Advertising and Promotion Expenses $ 263,700
Income Tax Expense 56,620
Interest Expense 44,020
Other Expenses 123,600
Other Selling & Administrative Expenses 352,000
Sales Revenue 1,871,300
Salaries and Wages Expense 726,000
Required:
1. Calculate the net income for the Green Thumb, Inc. for Year 3.
2. Prepare a statement of retained earnings for Green Thumb, Inc. for Year 3. Assume the company had retained earnings of $163,200 as of January 1, Year 3, and paid out $46,120 in dividends during Year 3.

Answers

Answer:

a.                               Green Thumb

                       Net Income for the year 3

Particulars                                      Amount

Sales revenue                                                     $1,871,300

Operating expenses

Advertising expense                    $263,700

Salaries and wages expense      $726,000

Other selling expenses                $352,000

Other expenses                            $123,600      $1,465,300

Earnings before interest and taxes                   $406,000

Interest expense                                                 $44,020    

Earnings before taxes                                         $361,980

Income tax expense                                            $56,620

Net Income                                                           $305,360

b.                         Green Thumb Inc.

                Statement of retained earnings

             For the year ended Dec 31, Year 3

Retained Earnings, Jan 1 year 3      $163,200

Add: Net Income                              $305,360

Less: Dividend paid                          $46,120

Retained Earnings, Dec 31 year 3  $422,440

The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50% This exercise contains only parts a, b, c, d, and e.
a. If you wish to use a sample size of 100, the 3-sigma control limits are: UCLD (enter your response as a number between 0 and 1, rounded to three decimal places).
b. what if the sample size used were 50, with 3 standard deviation?
c. what if the sample size used were 100, with 2 standard deviation?
d. what if the sample size used were 50, with 2 standard deviation?
e. what happens to standard deviation Ap when the sample size is larger?
f. explain why the lower control limits cannot be less then 0.

Answers

Answer and  Explanation:

Answer and explanation attached

Mason Corporation had $650,000 in invested assets, sales of $700,000, operating income amounting to $99,000, and a desired minimum return on investment of 15%. The investment turnover for Mason Corporation is

Answers

Answer:

1.08 times

Explanation:

Mason corporation has $650,000 in invested assets

Sales is $700,000

Operating income is $99,000

Minimum investment on return is 15 percent

Therefore the investment turnover for mason corporation can be calculated as follows

= net sales/debt

= 700,000/650,000

= 1.08 times

Beasley Industries' sales are expected to increase from $5 million in 2019 to $6 million in 2020, or by 20%. Its assets totaled $3 million at the end of 2019. Beasley is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019, current liabilities are $740,000, consisting of $160,000 of accounts payable, $450,000 of notes payable, and $130,000 of accrued liabilities. Its profit margin is forecasted to be 4%, and its dividend payout ratio is 50%. Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not round intermediate calculations. Round your answer to the nearest dollar.
$
The AFN equation assumes that ratios remain constant. However, firms are not always operating at full capacity so adjustments need to be made to the existing asset forecast. Excess capacity adjustments are changes made to the existing asset forecast because the firm is not operating at full capacity. For example, a firm may not be at full capacity with respect to its fixed assets. First, the firm's management must find out the firm's full capacity sales as follows:
Next, management would calculate the firm's target fixed assets ratio as follows:
Finally, management would use the target fixed assets ratio with the projected sales to calculate the firm's required level of fixed assets as follows:
Required level of fixed assets = (Target fixed assets/Sales) × Projected sales
Quantitative Problem 2: Mitchell Manufacturing Company has $1,600,000,000 in sales and $310,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of capacity.
A. What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
B. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places.
%
C. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to the nearest dollar.
$

Answers

Answer:

Using the AFN equation, forecast the additional funds Beasley will need for the coming year.

EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))

A/S =  $3 / $5 = 0.6

ΔSales = $1,000,000

L/S =  $290 / $5,000 = 0.058 (notes payable are not included)

PM =  4%

FS = $6,000,000

1 - d =  0.5

EFN = (0.6 x $1,000,000) - (0.058 x $1,000,000) - (0.04 x $6,000,000 x 0.5) = $600,000 - $58,000 - $120,000 = $422,000

A. What level of sales could Mitchell have obtained if it had been operating at full capacity?

$1,600,000,000 / 0.7 = $2,285,714,286

B. What is Mitchell's Target fixed assets/Sales ratio?

$310,000,000 / $2,285,714,286 = 0.14

C. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?

required level of fixed assets = 0.14 x ($1,600,000,000 x 1.6) = $358,400,000

increase in fixed assets = $358,400,000 - $310,000,000 = $48,400,000

Firms face competing pressures in the marketplace-how to achieve lower costs through proven approaches to production, while looking at how to maximize their effectiveness in local markets. A firm's choice of strategy must reflect these pressures, and the firm knows that the dynamics of competition may require changes in strategy. Pressures for local responsiveness mean that a firm may not be able to realize the full benefits from economies of scale, learning effects, and location economies. Customization of products brings benefits, but it also limits the firm's ability to realize significant scale economies and location economies. Companies generally choose from four main strategic postures: a global standardization strategy, a localization strategy, a transnational strategy, or an international strategy. The appropriateness of each strategy varies given the competitive realities and the firm's core competences.
Read the case below and answer the questions that follow.
Your firm has been a leader in several lines of fast-moving consumer goods. The firm has been following a localization strategy. Your products have been distributed in a number of foreign markets and regions, and they are distinct enough in local markets to respond to national tastes and preferences. Competition, however, has become more intense, with many competitors using lower cost structures to undercut your prices and still satisfy your customers.
The firm must decide what kind of strategy it needs to follow to meet the demands of the local markets as well as the increased competitive pressures on cost.
a. leverage skills and products associated with a firm's core competencies from one country to another.
b. monitor and adapt to changing customer tastes in a large number of foreign markets.
c. compete effectively in more than one international market.

Answers

Answer:

a. leverage skills and products associated with a firm's core competencies from one country to another.

Explanation:

Company A can still meet the demands of the local markets and the competitive pressures it is facing by utilizing its core competences and deploring its products internationally.  A hybrid of localization and international strategies would be more appropriate.  This hybrid approach will enable the company "to realize the full benefits from economies of scale and learning effects, without losing on location economies," as desired in the case study.

Task C has two immediate predecessors, Tasks A and B. Task C also has two immediate followers, Tasks D and E. Task A has an early finish time of 3 days, and Task B has an early finish time of 5 days. Task D has a late start time of 10 days and Task E has a late start time of 8 days. Task C is 2 days long. What is the early finish time of Task C

Answers

Answer:

7 days

Explanation:

Calculation for the early finish time of Task C

First step is to find the Early Start of task C

Using this formula

Early Start of task C = MAX (Early Finish of task A, Early Finish of task B)

Let plug in the formula

Early Start of task C= MAX(3,5)

Early Start of task C = 5

Now let calculate the Early Finish time of Task C

Using this formula

Earliest Finish = Earliest Start + Activity Duration

Let plug in the formula

Earliest Finish of task C = 5 + 2

Earliest Finish of task C = 7 days

Therefore the early finish time of Task C will be 7 days

The early finish time of task C is the sum of the early start time and the activity duration of the task. Hence, the early finish time of task C is 7 days.

Given the Parameters :

Activity time of task C = 2 days Early finish, Task A = 3 days Early finish, Task B = 5 days

The early finish time of task C :

Early start time possible + Activity time of task C

Maximum value of the finish time of the preceeding task :

Early start time of task C = maximum(3, 5)

Early start time of task C = 5 days

Early finish time of C = 5 days + Activity time

Early finish time of task C = 5 days + 2 days = 7 days

Therefore, the early finish time of task C is 7 days

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For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments required at the end of the month on July 31: (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign)
a. Received a $550 utility bill for electricity usage in July to be paid in August.
b. Owed wages to 10 employees who worked three days at $75 each per day at the end of July. The company will pay employees at the end of the first week of August.
c. On July 1, loaned money to an employee who agreed to repay the loan in one year along with $900 for one full year of interest. No interest has been recorded yet.

Answers

Answer and Explanation:

The accounting equation effects of the adjustments required at the end of the month on July 31 is shown below:-

Transactions   Assets = Liabilities             +      Stockholder's equity

a                                     Utilities payable $550    Utilities expenses -$550

b                                     Wages payable $2,250 Wages expense -$2,250

                                            (3 × $75 × 10)  

c   Interest receivable $450                                 Interest revenue $450

        ($900 ÷ 2)

Explanation:-

a. The adjustment of the utilities would be recognized in the equation of accounting by rising the liability that is utilities payable and falling the equity that is utility expense.

b. The adjustment of the wages would be recognized in the equation of accounting by rising the liability that is wages payable and falling the equity that is wages expense.

c. The adjustment of the interest would be recognized in the equation of accounting by rising the assets that is interest receivable and falling the equity that is interest revenue.

On June 12, Music, Incorporated sells $4,000 of goods on account to a credit customer with credit terms of 1/10, n/30. If the customer pays on June 20, select the correct entry to record the receipt of the customer's payment:

Answers

Answer:

June 20

Cash $3,960 (debit)

Discount allowed $40 (debit)

Trade Receivable $4,000 (credit)

Explanation:

The sale journal is as follows :

June 12

Trade Receivable $4,000 (debit)

Sales Revenue $4,000 (credit)

The payment journal will be :

June 20

Cash $3,960 (debit)

Discount allowed $40 (debit)

Trade Receivable $4,000 (credit)

Note

That the customer was granted a discount period of 10 days and they managed to repay the amount owing in that period by June 20, so they are eligible for a cash discount of 1 %.

The Pet Store experienced the following events for the Year 1 accounting period:________.
1. Acquired $60,000 cash from the issue of common stock.
2. Purchased $65,000 of inventory on account.
3. Received goods purchased in Event 2 FOB shipping point; freight cost of $900 paid in cash.
4. Sold inventory on account that cost $38,000 for $71,000.
5. Freight cost on the goods sold in Event 4 was $620. The goods were shipped FOB destination. Cash was paid for the freight cost.
6. Customer in Event 4 returned $4,200 worth of goods that had a cost of $2,150.
7. Collected $58,300 cash from accounts receivable.
8. Paid $59,200 cash on accounts payable.
9. Paid $2,600 for advertising expense.
1. Paid $3,100 cash for insurance expense.
Required:
a. Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction
b. Record the above events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for NA. investment activity, FA for financing activity, NC for net change in cash and NA to indicate the element is not affected by the event. The beginning balances have been recorded as an example.
Complete this question by entering your answers in the tabs below.
Required A Required B
Which of these events affect period (selling and administrative) costs? Which result in product costs? If neither, label the transaction NA.
Transaction Cost
1
2
3
4
5
6
7
8
9
10

Answers

Answer:

I used an excel spreadsheet since there is not enough room here

Explanation:

         

At the end of the current year, Leer Company reported total liabilities of $315,000 and total equity of $115,000. The company's debt ratio on the last year-end was:

Answers

Answer:

73.26%

Explanation:

First, we need to determine the total assets.

Total assets = Total liabilities + equity

= $315,000 + $115,000

= $430,000

Debt ratio = Total liabilities / Total assets

= 315,000 / 430,000

= 73.26%

Therefore, the company's debt ratio on the last year end is 73.26%

Fidelity Stereo Company has provided the following information regarding its activity-based costing system:Purchasing department costs are allocated based on purchase orders, and the predetermined overhead allocation rate is $77 per purchase order.Assembly department costs are allocated based on the number of parts used, and the predetermined overhead allocation rate is $5 per part.Packaging department costs are allocated based on the number of units produced, and the predetermined overhead allocation rate is $4 per unit produced.Each stereo produced has 50 parts, and the direct materials cost per unit is $70. There are no direct labor costs. Fidelity Stereo has an order for 1200 stereos, which will require 45 purchase orders in all. What is the total cost for the 1200 stereos?a. $392,265b. $303,465c. $388,800d. $307,950

Answers

Answer:

a. $392, 265

Explanation:

Given that:

i. Purchasing department, overhead allocation rate is $77 per purchase order.

ii. Assembly department, overhead allocation rate is $5 per part.

iii. Packaging department, overhead allocation rate is $4 per unit.

iv. Direct material cost is $70 per unit.

v. Each stereo has 50 parts.

Total parts required = 1200 x 50

                                 = 60000

vi. 45 purchase order was required for 1200 stereos.

Thus:

i. $77 x 45 = $3465

ii. $5 x 60000 = $300000

iii. $4 x 1200 = $4800

iv. $70 x 1200 = $84000

Therefore,

total cost for 1200 stereos = $3465 + $300000 + $4800 + $84000

                                            = $392, 265

For each of the following incidents, determine whether the individuals will be motivated to behave as desired.
Frank Edwards is head basketball coach at a small regional state university, a campus of the state’s main university system. He has just had a visit with Walter Johnson, a local high school athlete who is clearly one of the state’s blue chip basketball prospects. Frank desperately needs a player of Walter’s potential to turn his mediocre team around, but he realizes that it won’t be easy to sign him. He is confident that he made it clear to Walter that there is a scholarship available for Walter if he wants it. He also knows that Walter needs a scholarship to be able to go to college. However, an article in the Sunday Sports section reports that two of the major state university coaches (larger schools upstate, with nationally known basketball programs) also intend to actively recruit Walter. Coach Edwards should take which of the following actions?
A. Send Walter a written and notarized offer of the scholarship.B. Write Walter's parents, stressing that the scholarship will cover all of his tuition, room and board, and book expenses.C. Write a letter to Walter stressing to him the value of a college education.D. Talk to Walter again, stressing the likelihood that he would make the starting five in his freshman year.E. Do nothing. Walter will probably sign with him anyway.

Answers

Answer:

C). Write a letter to Walter stressing to him the value of a college education.

Explanation:

The most ethical and moral action that Coach Edward should take in the given situation would be to 'write a letter to Walter stressing to him the value/significance of college education.' It would not only educate Walter regarding the crucial role that college education plays in defining the success and personality of an individual but also emphasize the benefits of joining the college team which would be vital to his overall career and give a direction to his skills. Thus, this would serve Coach Edwards' purpose ethically by making Walter understand the idea logically and convince him. Therefore, option C is the correct answer.

How is an excise tax different from a sales tax?

A). An excise tax is not deductible.
B). An excise tax applies to specific products.
C). An excise tax applies only to imported goods.
D). An excise tax is an indirect tax.

Answers

The answer is B.

An excise tax applies to specific products.

Hopes this helps :)

The difference between excise tax and sales tax is that an excise tax applies to specific products.

So, option B). is correct.

Excise tax and sales tax

Sales tax is applied to practically everything you buy, whereas excise tax is only applied to certain goods and services. Excise duty is charged on the manufacture of goods, whereas sales tax is levied on the selling of commodities.

One distinction between sales and excise taxes is that sales taxes are computed as a percentage of the purchase price, whereas excise taxes are assessed per unit. The difference between excise tax and sales tax is that an excise tax applies to specific products.

So, option B). is correct.

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Higgs Bassoon Corporation is a custom manufacturer of bassoons and other wind instruments. Its current value of operations, which is also its value of debt plus equity, is estimated to be $200 million. Higgs has $110 million face value, zero coupon debt that is due in 3 years. The risk-free rate is 5%, and the standard deviation of returns for similar companies is 60%. The owners of Higgs Bassoon view their equity investment as an option and would like to know the value of their investment.

Required:
Using the Black-Scholes Option Pricing Model, how much is the equity worth?

Answers

Answer:

123.63 million

Explanation:

From the given information:

The total value for the firm is $200 million

The face value of debt is $110 million

Maturity of debt = 3 years

Risk free rate = 5 %

Standard deviation of return = 60%

Using Black-Scholes Option Pricing Model, the equity worth is computed in an Excel file and the screenshot is show in the image attached below.

McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 30 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost.Manufacturing overhead for year 1 totaled $799,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following:
Chairs DesksSales revenue $1,240,000 $2,286,900Direct materials 587,000 830,000Direct labor 150,000 320,000Required:a-1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks.Profit marginChairs ?%Desks ?%a-2. Which of the two products should be dropped?ChairsDesksb. Regardless of your answer in requirement (a), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chair line will be $680,000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 1 decimal place.)Estimated margin for desks- Year 2 ?%

Answers

Answer:

McNulty, Inc.

                                  Chairs        Desks

1. Margin on cost        25%            35%

2. Chairs should be dropped.

3. Margin for desks in Year 2 = 25%

Explanation:

a) Data and Calculations:

Expected margin = 30% = Gross profit/Product cost

Manufacturing overhead $799,000

                               Chairs        Desks

Sales revenue  $1,240,000  $2,286,900

Direct materials    587,000        830,000

Direct labor           150,000        320,000

Overhead             255,000        544,000

Product costs    $992,000    $1,694,000

Gross profit       $248,000      $592,900

Margin on cost        25%                35%

Expected margin     30%               30%

Expected Margin for desks in Year 2:

                               Desks

Sales revenue  $2,286,900

Direct materials     830,000

Direct labor            320,000

Overhead              680,000

Product costs    $1,830,000

Gross profit         $456,900

Margin on cost        25%

Expected margin    30%

McNulty's new CFO has made a bad decision.  Should the desks be eliminated also?  Decisions involving overhead costs should not be made lightly.   Detailed and precise information about the overhead costs should be obtained before a decision is taken on product elimination.  This case demonstrates the reason for not taking a hasty decision on an issue like this.

Combination Fraction of Portfolio in Diversified Stocks Average Annual Return Standard Deviation of Portfolio Return (Risk)
(Percent) (Percent) (Percent)

A 0 2.00 0
B 25 4.50 5
C 50 7.00 10
D 75 9.50 15
E 100 12.00 20

If Rosa reduces her portfolio's exposure to risk by opting for a smaller share of stocks, he must also accept a average annual return. Suppose Rosa currently allocates 25% of her portfolio to a diversified group of stocks and 75% of her portfolio to risk-free bonds; that is, she chooses combination B. She wants to increase the average annual return on her portfolio from 4.5% to 9.5%. In order to do so, she must do which of the following?

a. Sell some of her bonds and use the proceeds to purchase stocks
b. Sell some of her stocks and use the proceeds to purchase bonds
c. Place the entirety of her portfolio in bonds
d. Accept a lower average annual rate of return

Answers

Answer:

a. Sell some of her bonds and use the proceeds to purchase stocks.

Explanation:

Debt or bonds is less risky so it generates lower returns. Stock or equity comprises high risk so it offers high returns to its investors. If Rosa wants to increase her returns from 4.5% to 9.5% then he should sell some of its bonds and invest the proceeds into stocks. The lower returns on the bonds will be replaced by high returns on the stocks.

On June 30, 20X1, a tornado damaged Jensen Corporation’s warehouse and factory, completely destroying the work-in-process inventory. Neither the raw materials nor finished goods inventories were damaged. A physical inventory taken after the tornado revealed the following valuations:
Raw materials $87,000
Work-in-process 0
Finished goods 151,000
$238,000
The inventory of January 1, 20X1, consisted of the following:
Raw materials $41,000
Work-in-process 128,000
Finished goods 173,000
$342,000
A review of the books and records disclosed that the gross profit margin historically approximated 28% of sales. The sales total for the first six months of 20X1 was $405,000. Raw material purchases totaled $150,000. Direct labor costs for this period were $112,000, and manufacturing overhead has historically been applied at 50% of direct labor.
Required:
Compute the value of the work-in-process inventory lost at June 30, 20X1.

Answers

Answer:

$130,400

Explanation:

Raw material transferred to WIP = Beginning balance + Purchase - Closing balance = $41,000 + $150,000 - $87,000 = $104,000

Cost of Goods manufactured = Closing balance + Cost of goods sold - Beginning balance

Cost of Goods manufactured = $151,000 + $405,000*70% - $173,000 = $151,000 + $291,600 - $173,000

Cost of Goods manufactured = $269,000

Ending Work in Process = Beginning balance + Direct material + Direct labor - Manufacturing overheads - Cost of goods manufactured

Ending Work in Process = $128,000 + $104,000 + $112,000 + $112,000*50% - $269,600

Ending Work in Process = $128,000 + $104,000 + $112,000 + $56,000 - $269,600

Ending balance of Work in Process = $130,400

Cone Corporation is in the process of preparing its December 31, 2021, balance sheet. There are some questions as to the proper classification of the following items: A. $50,000 in cash restricted in a savings account to pay bonds payable. The bonds mature in 2025. B. Prepaid rent of $24,000, covering the period January 1, 2022, through December 31, 2023. C. Notes payable of $200,000. The notes are payable in annual installments of $20,000 each, with the first installment payable on March 1, 2022. D. Accrued interest payable of $12,000 related to the notes payable. E. Investment in equity securities of other corporations, $80,000. Cone intends to sell one-half of the securities in 2022.Required:Prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported.

Answers

Answer:

Cone Corporation

Assets and Liabilities Sections of the Classified Balance Sheet:

Current Assets:

B. Prepaid Rent $12,000

E. Equity Securities $40,000

Long-term Assets:

A. Restricted Cash $50,000

B. Prepaid Rent $12,000

E. Equity Securities $40,000

Current Liabilities:

C. Notes Payable $20,000

D. Interest Payable $12,000

Long-term Liabilities:

C. Notes Payable $180,000

Explanation:

a. The restricted cash should be treated as a long-term asset since the associated bonds mature in 2025.

b. Half of the Prepaid Rent should be treated as a current asset and the other half as a long-term asset to cover next year and next two years respectively.

c. $20,000 of the Notes Payable is treated as a current liability with the remaining as long-term liabilities.

d. The interest payable is treated as a current liability since it is likely to be paid next year.

e. Half of the investment in equity securities should be treated as a current asset and half as a long-term asset.

Drag each label to the correct location on the table. Match the companies to their business categories.

Answers

Answer:

Trading- A wholesaler a department store

service-an auditing firm, a commercial bank, logistics company  

Explanation:

Trading businesses wholesalers, department stores, service businesses- auditing firms, commercial banks, and logistics companies.

What are trading businesses?

Trading companies are businesses working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers.

Different kinds of practical conditions make for many kinds of business. Usually, two kinds of businesses are defined in trading. Importers or wholesalers maintain a stock and deliver products to shops or large end customers. They work in a large geographical area, while their customers, the shops, work in smaller areas and often in just a small neighbourhood. Today "trading company" mainly refers to global B2B traders, highly specialized in one goods category and with a strong logistic organization.

Changes in practical conditions such as faster distribution, computing and modern marketing have led to changes in their business models.

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What is a balance sheet?

Answers

Answer:

"In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity."

Explanation:

Sources: Wikipedia

The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

June 12, 2021 Provide services to customers on account for $33,200.
September 17, 2021 Receive $18,500 from customers on account.
December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received.
March 4, 2022 Provide services to customers on account for $48,200.
May 20, 2022 Receive $10,000 from customers for services provided in 2021.
July 2, 2022 Write off the remaining amounts owed from services provided in 2021.
October 19, 2022 Receive $38,500 from customers for services provided in 2022.
December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received.

Required:
Calculate net accounts receivable at the end of 2021 and 2022.

2021 2021
Total accounts receivable
Less: Allowance for uncollectible acounts
Net accounts receivable

Answers

Answer:

Net account receivable

2021 $8,085

2022 $5,335

Explanation:

Calculation for the net account receivable

2021 2022

Total account receivable 14,700 9,700

(33,200-18,500=14,700)

(48,200-38,500=9,700)

Less: Allowance for doubtful accounts (6,615) (4,365)

(45%*14,700=6,615)

(45%*9,700=4,365)

Net account receivable 8,085 5,335

(14,700-6,615=8,085)

(9,700-4,365=5,335)

Therefore Net account receivable will be :

2021 $8,085

2022 $5,335

What precaution should a food handler take when cleaning up vomit

Answers

Explanation:

The following are some precautions a food handler should take:

they should ensure that they are adequately protected by wearing hand gloves.ensure that they properly wash the area affected and the equipment used during the cleaning with detergent (eg bleach).the gloves worn during the cleaning operation should also be properly disinfected with detergents.

True Nutri Inc. sells performance enhancing foods and beverages for athletes and health-conscious people. In a recent product development meeting, Mike suggested that True Nutri Inc. should acquire a new technology developed by One Health Corp. for infusing vitamin and mineral blends into food. He believed it would be easier to acquire the technology directly from One Health Corp. Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait. Lara suggested that True Nutri Inc. should use its resources and work jointly with One Health Corp. to develop an entirely new product.

Based on the scenario, which method of acquiring technology does Justin favor?

a. internal development
b. licensing
c. contracted development
d. franchising
e. research partnership

Answers

Answer: a. internal development

Explanation:

Internal development is a method of growth and development that is done by using the resources of the company instead of relying on takeovers or acquisitions.

Justin wants True Nutri Inc to develop the tech itself without acquiring it from One Health Corp so he has an Internal Development mindset. Benefits of Internal Development include the development of a competitive advantage and increased efficiency which Justin hopes can benefit the company.

Consider the following transactions for Huskies Insurance Company:
a. Equipment costing $42,000 is purchased at the beginning of the year for cash. Depreciation on the equipment is $7,000 per year.
b. On June 30, the company lends its chief financial officer $50,000; principal and interest at 7% are due in one year.
c. On October 1, the company receives $16,000 from a customer for a one-year property insurance policy. Deferred Revenue is credited.
Required: For each item, record the necessary adjusting entry for Huskies Insurance at its year-end of December 31. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.)

Answers

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of Journal entries

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(To adjust 12 month depreciation)

31-Dec

Dr Interest receivable $1,750

($50,000 x 7% x 6/12)

Cr Interest revenue $1,750

(To adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue $4,000

($16,000 x 3/12)

Cr Revenue or Service Revenue $4,000

(To record earned revenue for 3 months

The journal entries are as follows:

On Dec 31

Depreciation expense $7,000

              Accumulated Depreciation - Equipment $7,000

Interest receivable $1,750 ($50,000 ×  7% × 6 ÷ 12)

        Interest revenue $1,750

Deferred Revenue $4,000 ($16,000 × 3 ÷ 12)

          Revenue or Service Revenue $4,000

Learn more: https://brainly.com/question/13981855?referrer=searchResults

During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following:
Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight line)
Machine A $ 39,000 $ 3,000 6 years $ 24,000 (4 years)
Machine B 53,000 4,000 8 years 36,750 (6 years)
Machine C 76,900 5,200 17 years 50,612 (12 years)
The machines were disposed of during the current year in the following ways:
a. Machine A: Sold on January 1 for $14,500 cash.
b. Machine B: Sold on December 31 for $10,725; received cash, $2,300, and a $8,425 interest-bearing (12 percent) note receivable due at the end of 12 months.
c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost.
Required:
Give all journal entries related to the disposal of each machine in the current year.
a. Machine A.
b. Machine B.
c. Machine C.

Answers

Answer:

Merkley Company

a. Journal Entries:

January 1:

Debit Disposal of Machines $39,000

Credit Machine A $39,000

To transfer machine A to the Disposal of Machines account.

Debit Accumulated Depreciation $24,000

Credit Disposal of Machines $24,000

To transfer the accumulated depreciation of machine A to the Disposal of Machines account.

Debit Cash Account $14,500

Credit Disposal of Machines $14,500

To record the proceeds from disposal of machine A.

Debit Loss on Disposal of Assets $500

Credit Disposal of Machines $500

To record loss incurred on disposal of machine A.

b. December 31:

Debit Disposal of Machines $53,000

Credit Machine B $53,000

To transfer machine B to the Disposal of Machines account.

Debit Accumulated Depreciation $36,750

Credit Disposal of Machines $36,750

To transfer the accumulated depreciation of machine B to the Disposal of Machines account.

Debit Depreciation Expense $6,125

Credit Disposal of Machines $6,125

To record the depreciation expense for the year.

Debit Cash Account $2,300

Debit Notes Receivable $8,425

Credit Disposal of Machines $10,725

To record the proceeds from disposal of machine B.

Debit Disposal of Machines $600

Credit Gain from Disposal of Machines $600

To record gain from the disposal of machine B.

c.  January 1:

Debit Disposal of Machines $76,900

Credit Machine C $76,900

To transfer machine C to the Disposal of Machines account.

Debit Accumulated Depreciation $50,612

Credit Disposal of Machines $50,612

To transfer the accumulated depreciation of machine C to the Disposal of Machines account.

Debit Loss on Disposal of Assets $26,288

Credit Disposal of Machines $26,288

To record loss incurred on disposal of machine C.

Explanation:

a) Data and Calculations:

Asset           Original   Residual  Estimated   Accumulated              Book

                    Cost         Value          Life         Depreciation            Balance

                                                                        Straight-line

Machine A  $ 39,000  $ 3,000     6 years    $ 24,000 (4 years)    $15,000

Machine B     53,000     4,000      8 years       36,750 (6 years)    $16,250

Machine C    76,900      5,200    17 years       50,612 (12 years)  $26,288

b) Machine B recorded a gain on disposal because it was sold on December 31 of the current year.  Thus the last year's depreciation expense must be provided.  This automatically turned the difference between net book value and disposal proceeds into a disposal gain.

Zola Inc. paid a $10,000 legal fee to the attorney who resolved a dispute over Zola's title to investment land. Zola's auditors required the corporation to expense the payment for financial statement purposes. The tax law required Zola to capitalize the payment to the basis of the land. This difference in accounting treatment results in a:

Answers

Answer:

Deferred tax asset

Explanation:

A deferred tax asset results when a taxpayer (in this case Zola, Inc.) pays more taxes than what they were required to do during a certain period. It is considered an asset because the taxpayer will be allowed to use this overpayment of taxes to decrease future tax liabilities.

can you receive interest on bonds​

Answers

Answer:

Treasury bonds pay a fixed interest rate on a semi-annual basis. This interest is exempt from state and local taxes. But it's subject to federal income tax, according to TreasuryDirect. ... They earn interest until maturity and the owner is also paid a par amount, or the principal, when the Treasury bond matures.May 28, 2020

f the present value of the annuity is $45,000, what should be the size of each payment from the annuity

Answers

Answer:

"$571.92" is the correct solution.

Explanation:

The given problem is incomplete. Please find attachment of the complete question.

The given values are:

Payments will be made for

= [tex]8\frac{1}{4} \ years[/tex]

At the rate of:

= [tex]5.75 \ percent[/tex]

= [tex]0.0575 \ per \ year[/tex]

The present value of annuity is:

= [tex]45000[/tex]

Let the size of each payment will be "d".

Now,

⇒  [tex]45000=\frac{1-(1+\frac{0.0575}{12})^{-99}}{\frac{0.0575}{12}}\times d[/tex]

⇒         [tex]d = 571.92[/tex] ($)

Assume that in January 2017, the average house price in a particular area was $300,400. In January 2001, the average price was $207,300. What was the annual increase in selling price

Answers

Answer:

r = 0.023455 or 2.3455% rounded off to 2.35%

Explanation:

We are given the future value and the present value of house. To calculate the annual percentage increase in the price of the house over the period of 16 years from January 2001 to January 2017, we can use wither use the formula for Future Value or Present value.

Here we are solving it using the future value formula which is,

FV = PV * (1 + r)^t

Where,

FV is Future ValuePV is Present valuer is the annual rate of increaset is time period in years

Plugging in the values for FV, PV and t, we can calculate the value of r r annual percentage increase in the price.

300400 = 207300 * (1 + r)^16

300400 / 207300 = (1 + r)^16

1.449107574 = (1 + r)^16

Eliminating the power 16 by taking a power of 1/16 on both sides.

(1.449107574)^1/16 = (1 + r)^16/16

1.023455087 = 1 + r

1.023455087 - 1 = r

r = 0.023455 or 2.3455% rounded off to 2.35%

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