If oranges sell for $100 per crate in the united states and 4000 pesos per crate in mexico, the law of one price indicates that you should be able to exchange $1 for.

Answers

Answer 1

The law of one price indicates that you should be able to exchange $1 to 40 pesos.

A currency exchange can be described as a licensed business that allows customers to exchange one currency for another. Currency exchange of physical money (paper bills and coins) is usually done over the counter at a teller station, which can be found in various places such as hotels, and resorts, airports, and banks.

There are 3 methods of money exchange, such as reciprocity, redistribution, and market exchange.

Oranges = $100

Oranges = 4000 pesos

Oranges = $100 = 4000 pesos

$100 = 4000 pesos

So, $1 = 40 pesos

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Related Questions

amul food factory in india makes ice cream and produces processed and condensed milk. in the factory, the firm's employees use raw milk and sugar. the firm runs on electricity and purchases raw milk every day. large robotic assembly lines fill and package the ice cream containers. large industrial freezers store the ice cream. based on this scenario, can you identify the fixed costs for amul food factory?

Answers

The fixed cost is the cost of constructing the factory, as well as the purchase of robotic assembly lines and industrial freezers.

In layman's terms, a  fixed cost is an expenditure that does not change due to an increase or decrease in the quantity of products or services produced or distributed. Fixed costs are bills that are typically incurred by a corporation regardless of market operation. For eg,  the cost of constructing the factory.

Fixed expenditures can be direct or indirect expenditures that affect revenue at different points through out financial statements.

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griffin service company, incorporated, was organized by bennett griffin and five other investors (that is, six in total). the following activities occurred during the year: received $90,000 cash from the six investors; each investor was issued 10,400 shares of common stock with a par value of $0.20 per share. signed a five-year lease for $180,000 for the right to use a building each year. purchased equipment for use in the business at a cost of $38,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). signed an agreement with a cleaning service to pay $320 per week for cl

Answers

The recording of the transactions in the T-accounts for the Griffin Service Company Incorporated is given below.

Cash Account

Account Titles                                       Debit                 Credit

Common stock                                    $12,480

Equipment                                                                      $9,500

Additional Paid-in Capital                   $77,520

Common Stock                                    $600

Additional Paid-in Capital                    $4,400

Note Receivable                                                              $4,500

Common Stock

Account Titles                                     Debit                   Credit

Cash                                                                               $12,480

Cash                                                                                $600

Additional Paid-in Capital

Account Titles                                       Debit                Credit

Cash                                                                               $77,520

Cash                                                                               $4,400

Lease Assets

Account Titles                                        Debit               Credit

Lease Liability                                       $180,000

Lease Liability

Account Titles                                         Debit               Credit

Lease Assets                                          $180,000

Equipment

Account Titles                                           Debit                Credit

Cash                                                          $9,500

Note Payable                                            $28,500

Note Payable

Account Titles                                            Debit                 Credit

Equipment                                                 $28,500

Land

Account Titles                                          Debit               Credit

Additional Paid-in Capital                      $35,00

Note Receivable

Account Titles                                          Debit                Credit

Cash                                                        $4,500

Hence, T-accounts is an accounting term which is usee to describe the ledger accounts.

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stor-away co. needs to buy a new forklift. the company decides to deposit $2,300 in an account that earns 6% per year compounded semiannually. how much will the investment be worth in 4 years?

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The investment will be worth 2490.57 dollars in 4 years when interest is compounded semiannually.

Compounding interest semiannually means that at the start of the compounding period, in this case, every six months, the principal of a loan or investment includes the total interest from the previous period.

Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one. This will give you the total amount of the loan plus compound interest.

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the mandella family decided early in 2020 to incorporate their family owned vineyards under the name mandella corporation. the corporation was authorized to issue 500,000 shares of a single class of $10 par value capital stock. presented as follows is the information necessary to prepare the stockholders’ equity section of the company’s balance sheet at the end of 2020 and at the end of 2021.

Answers

A company's capital stock is not an asset. It is part of the equity section of the balance sheet. When one company owns stock in another, the stock is recorded as an asset.

What exactly is Capital Stock?

The common and preferred shares that a company is authorized to issue under its corporate charter are referred to as capital stock. A corporate charter is a legal document that specifies the maximum number of shares that a company may issue.

It is calculated by multiplying the number of issued shares by the share's par value.

Investors buy capital stock because they believe the company's market share and revenue will increase, resulting in dividend payments to the investors.

A dividend is a payment made to shareholders at the end of a fiscal year.

If a company has preferred stock, it is listed first in the stockholders' equity section due to its preference in dividends and liquidation. Based on financial reporting amounts, book value is the value of one share of common stock.

Hence, capital stock is not a company's asset.

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suppose that real money demand is $1trillion (2020 dollars), and that the nominal money supply in 2030 is $5 trillion. according to the quantity theory of money, what will be the 2030 price level (2020

Answers

When a unit of money's buying power declines, more units of currency are needed to purchase the same amount of goods or services.

What Exactly Is the Money Quantity Theory?

The quantity theory of money (QTM) also holds that an economy's level of economic activity is significantly influenced by the amount of money present in that economy. Therefore, a change in the money supply affects either the supply of goods and services or the price levels, or both. The hypothesis also presupposes that shifts in the money supply are the main driver of changes in spending.

These suppositions have the connotation that the amount of money present in an economy determines the value of money. Because a rise in the money supply also leads in an increase in the rate of inflation, this creates a fall in the value of money. Purchasing power declines as inflation increases. The worth of a currency represented in terms of the quantity of products or services that one unit of currency can purchase is known as purchasing power.

(M)(V)=(P)(T)

where M is the Money Supply

V is the velocity of circulation, or the frequency with which money is transferred.

Average Price Level is P.

T stands for the volume of products and services exchanged.

=500

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A company hires a third party to click on its competitor’s online ads, with no intention of learning more about the advertiser or making a purchase. This is an example of ________.

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A company who hires a third party to click on its competitor’s online ads, with no intention of learning is an example of affiliate marketer.

What is affiliate marketing?

This is when a third party is employed to visit or promote the products if a company, hence receives a commission for such promotion.

In affiliate marketing, a person is hired to promote other company's products by using their own channel and earning commission. This means that a company outsourced part of its sales process.

Usually, companies give the people who are interested in marketing their product a special affiliate link whereby anyone who purchase their product get a small commission from the company whose product they are selling.

One of the benefit using affiliate marketing is that it helps increase sales thereby generating online revenue for a company.

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two firms, gene's gloves and wally's wallets, have factories near a lake. both firms use a chemical for tanning leather. some of this chemical runs into the lake. each year gene's gloves dumps 15,000 gallons of the chemical and wally's wallets dumps 25,000 gallons of the chemical into the lake. a new study has found that fish and other wildlife are negatively impacted by this chemical. the government has decided to cap the total combined amount of the chemical that the factories can dump into the river at 10,000 gallons/year. for an additional $1/gallon, wally's wallets is able to substitute each gallon of harmful chemical for one gallon of a harmless alternative. gene's gloves needs to use the harmful but more effective chemical to produce gloves. it costs $3/gallon to dispose of the harmful chemical safely. assume that gene's gloves and wally's wallets maintain the same level of production under the new environmental restrictions.

Answers

Dumping expenses are those that a business pays to dispose of manufacturing wastes in waterways. For the purpose of pouring chemicals into the lake, Gene's Gloves will invest $15,000 and Wally's Wallets will spend $45,000.

We may determine the expense of dumping chemicals for both businesses by applying the numbers provided in the material. Cost of further dumping for Gene's Gloves exceeding 5000 gallons at a rate of $1 per gallon. The cost of the extra 10,000 gallons is $10000.

Additional dumping for Wally's Wallets will cost $60,000 for 20000 gallons at a rate of $3. The government has provided the opportunity to sell the dumping rights, so if Gene's Gloves sells its 5000 gallon rights to Wally's, the cost of dumping for Wally's Wallets will be reduced by $15,000, for a total savings of $45,000. Additionally, the price of dumping for it will rise if the costs are sold to Wally's Wallets.

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what did cbi insights find out when analyzing startup postmortems? a. co-founders cannot agree how to move forward quick enough. b. the companies failed 42 percent of the time because they did not solve a big enough problem. c. a little bump in the beginning will cause the startup to fail 34 percent of the time. d. most startups fail because a few bad reviews on social media.

Answers

CBI Insights study of startup postmortems found  b. the companies failed 42 percent of the time because they did not solve a big enough problem.

What is the purpose that can be attributed to the CBI ?

The  purpose that can be attributed to the CBI is that they are been set up so that they facilitate the development of stable Caribbean Basin economies.

It should be noted that this is been done through the provision of the with duty-free access to the beneficiary countries so that they can have something to do out of it.

Therefore option B is correct.

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______________________ interfere with the hormone system and cause sex change in fish and frogs. they also cause early puberty in children. ______________________ interfere with the hormone system and cause sex change in fish and frogs. they also cause early puberty in children. carcinogens teratogens neurotoxins endocrine disruptors

Answers

Endocrine disruptors interfere with the hormone system and cause gender change in fish and frogs. Children that are exposed to them also experience early puberty. The correct answer would be option C.

The endocrine-disrupting compound linuron has been studied for its impact on fertility in the West African frog known as Xenopus tropicalis. The researchers discovered that the pesticide linuron reduced male fertility and that more tadpoles grew ovaries than testicles, which tipped the sex ratio in favor of females.

Several endocrine disruptors have been discovered as potential factors influencing pubertal development in humans, including phytoestrogens, topical estrogens, pesticides, chemicals and phthalates. It was first proved in the 1990s that EDs can lead to onset of early puberty in children.

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tailoring media content to specific audiences that possess characteristics of interest to specific advertisers is a strategy known as synergy. narrowcasting or niche marketing. subgroup marketing. message concentration.

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Narrowcasting, often known as niche marketing, is a method that involves tailoring media material to particular audiences with qualities that interest particular advertisers.

What does a marketing narrowcasting entail?

The targeted segmentation of media distribution is referred to as narrowcasting. It entails directing media messages at particular public segments identified by values, preferences, or demographic characteristics.

What does consumer behavior narrowcasting entail?

Narrowcasting, which is similar to niche marketing or target marketing, includes directing media messages at particular public segments identified by values, preferences, demographic characteristics, and/or subscription. The postmodern notion that there are no mass audiences is the foundation of narrowcasting.

You can narrowcast your message so that it is tailored to a particular audience. Because you are communicating with people who may already be familiar with your brand or be interested in your services, you don't need to be as cryptic in your advertising.

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according to the view, international production should be distributed among countries according to the theory of comparative advantage. multiple choice radical conservative pragmatic nationalist free market

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The free market is distributed among countries according to the theory of comparative advantage.

In economics, a free marketplace is an idealized cognitive version of an economic system wherein the charges of products and offerings are determined by means of supply and demand expressed with the aid of sellers and shoppers.

Such markets, as modeled, operate without the intervention of the presidency or every other outside authority.

Proponents of the unfastened marketplace as a normative perfect evaluation it with a regulated market, wherein a central authority intervenes in delivery and demand by using various methods such as taxes or guidelines. In an idealized free marketplace economy, fees for goods and services are set entirely by way of the bids and gives of the contributors.

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Corrie bought a new flat screen 70 inch television and a speaker system from a local electronics store on credit. The store will charge 12% per year compounded monthly. Their monthly payments are $174. 80 for 3 years. What is the cash price of her purchase?.

Answers

The cash price is the present value of an annuity and therefore it is equal to $5262.79.

The formula of the present value of an annuity is:

PV = C . [1 - (1+i)⁻ⁿ] / i

Where:

C = cash flow per period

i = interest rate per period

n = number of periods

Parameters from the problem:

C = $174. 80

Annual interest  is 12%. Since it is compounded monthly, we need to find the monthly interest.

i = monthly interest = 0.12/12 = 0.01

Since the payment is 3 years, then the number of periods is:

n = 12 month x 3 years = 36

Plug these parameters into the present value formula:

PV = 174.8 × [1 - (1.01i)⁻³⁶] / 0.01

PV = 5262.79

Thus, the cash price is $5262.79

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Since 1950 in the united states, the labor force participation rate for males has _____ generally and the labor force participation rate for females has generally ____.

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Since 1950 in the united states, the labor force participation rate for males has 86.4%generally and the labor force participation rate for females has generally 30%.  All individuals who meet the criteria for inclusion among the employed or the unemployed make up the labor force, also known as the currently active population.

This covers full-time, contingent, and independent rate contractors. It covers those who receive hourly pay, salary, or contractual payments. Anyone above the age of 16 who is employed and is not retired is also included in the total labor force. All individuals aged 16 and older who are categorized as either employed or unemployed.

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WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓

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Explanation:

WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓

do u use zoo

In the securities market, underwriting involves determining the risk and price of a particular security. It is a process seen most commonly during initial public offerings, wherein investment banks first buy or underwrite the securities of the issuing entity and then sell them in the market.

sunny skys, inc. bought a derelict hunting lodge, which it tore down at a cost of $45,000 and replaced with a new lodge. the demolition cost should be

Answers

Sunny skys, inc. bought a derelict hunting lodge, which it tore down at a cost of $45,000 and replaced with a new lodge. The demolition cost should be capitalized

What is Capitalization of demolition cost ?

The costs of demolition are not included in the price of the new asset because they are a cost of utilising the previous asset.

The price of tearing down an existing structure in order to make room for a new one is to be considered a capital expense.

Buildings purchased through construction should have their initial cost capitalised. Major expenses such as the ones listed below are capitalised as part of the cost of buildings: Building new structures costs, including materials, labour, and overhead. the price of clearing land in order to build.

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What is the amount of interest revenue that must be accrued on december 31st for a nine-month, 6%, $2,000 note receivable that was accepted on november 1st?.

Answers

The amount of interest revenue that must accrue on December 31st on notes receivable is $20

rate of interest = 6%

Amount of note receivable = $2,000

Months taken for calculation (November& December) = 2

Interest revenue = 2000*2/12*6/100 = $20

Notes receivable documents the worth of promissory notes due and owing to a business and due to be compensated. A written promissory note automatically entitles the keeper, or bearer, to the amount stated in the legally binding agreement. Promissory notes are authored commitments to compensate another party cash before or on a date in the future.

If the note receivable seems to be due within a calendar year, it is included on the balance sheet as a liquid asset. If it is not due until more than a calendar year from now, it is categorized as a non-current item on the balance sheet.

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____________ is a way to turn a company into a parent company with smaller retail outlets owned by independent operators.
A.
Manufacturing
B.
Incorporating
C.
Taxing
D.
Franchising

Answers

Answer:a

Explanation:

just took the test bro

a system for finding, organizing, and making available an organization’s experience, understanding, expertise, judgment, and lessons learned is called

Answers

Knowledge management is a system for finding, organizing experience of an organization.

An organization's knowledge and information are created, shared, used, and managed using a variety of techniques known as knowledge management (KM). It alludes to a multidisciplinary strategy that makes the best use of information to accomplish organizational goals. Common organizational goals for knowledge management initiatives include performance benefits, competitive edge, creativity, the exchange of learning lessons, integration, and on-going organizational improvement. These initiatives overlap with organizational learning, but can be distinguished from it by a stronger emphasis on knowledge management as a strategic asset and on promoting knowledge exchange. KM makes organizational learning possible.

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A good way for a company to determine what it does well and what it needs to improve is to conduct a.

Answers

A good way for a company to determine what it does well and what it needs to improve is to conduct a SWOT analysis.

What SWOT analysis means?

A framework known as a SWOT analysis is used to identify and evaluate an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is composed of these words. SWOT analysis's main objective is to raise awareness of the elements that influence business decisions and the formulation of business strategies.

Why is a SWOT analysis important?

You can determine which parts of your company are doing well by conducting a SWOT analysis. These are your key success factors, and they give your company a competitive edge. By recognizing these assets, you can make sure to guard against losing your competitive edge.

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any reimbursement a taxpayer receives from a medical or accident insurance policy for medical expenses paid by the taxpayer during the current year are (taxable/nontaxable) for the taxpayer

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Any reimbursement a taxpayer receives from a health or accident insurance policy for medical costs they paid for in the current year is exempt from taxation.

A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income from taxes on both citizens and businesses. Individual taxpayers must typically file and pay both federal and state tax returns each year in the US. While companies must also submit yearly returns, they typically budget for and make recurring anticipated tax payments throughout the year.

To assess their filing requirements for a specific year, individual taxpayers should check both the federal and state criteria. Individual taxpayers can find federal tax advice in the Internal Revenue Service's publication 501: Dependents, Standard Deduction, and Filing Information.

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michigan berry corporation (mbc) distributes land with a fair market value of $214,000 to its sole shareholder. mbc's adjusted tax basis in the land is $110,000. mbc will not be taxed on a gain on the distribution if it has a deficit of ($270,000) in e

Answers

The adjusted basis is determined by adding the cost of improvements and related expenses to the original cost and deducting any depreciation and depletion deductions.

What is an adjusted tax basis, exactly?

An asset's cost basis is adjusted for various events that occur during its ownership. When a property is sold, the proceeds are typically used to calculate an owner's capital gain or loss for income tax purposes, or to calculate an inheritor's tax basis when receiving property from a testator's estate.

At the time of purchase or vesting, your employer reports the value of your shares as ordinary income on your W-2. This means that you have already paid taxes on the value of your stock options. You should make a profit when you sell your stock.When you sell your stock, you should adjust your cost basis to avoid paying taxes on the amount again.The adjusted basis of an asset is critical for calculating capital gains and ordinary gains when it is sold.

Hence, the adjusted basis is calculated by adding the cost of improvements and associated expenses to the original cost and subtracting any depreciation and depletion deductions.

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when aggregate demand declines, the price level may remain constant, at least for a time, becuase when aggregate demand declines, the price level may remain constant, at least for a time, becuase product markets are highly competitive. menu costs rise. price cuts tend to increase efficiency wages. firms individually fear that their price cut may set off a price war.

Answers

Here price level is inflexible downward in aggregate demand  and a recession has occurred. A stiff object is challenging to bend. A stiff back may make it difficult to reach your toes while bending over.

what is aggregate demand ?

The total amount spent on domestic goods and services in an economy is known as aggregate demand. The relationship between the amount of total spending in the economy and the price level for products is depicted by the aggregate demand curve's downward slope.

A very busy schedule can be the root of your incapacity to adjust or accommodate your plans for others. Inflexible is defined as having no ability to bend by combining the Latin roots for the words flectere, which means "to bend," and in-, which means "not." Ballet is not for persons who are inflexible or who are naturally not flexible. The rigid, highly rigid, or extremely set in their ways are not good candidates for compromise.

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The question was incomplete. Check below the full question.

when aggregate demand declines, the price level may remain constant, at least for a time, because

a. firm individually may fear that their price cut may set off a price war.

b. menu cost rise.

c. price cut trend to increase efficiency wages.

d. product markets are highly competitive.

What is one major advantage of creating a division of labor in a business?
A. Employees have fewer opportunity costs for switching careers.
B. Employees have fewer reasons to conduct voluntary exchange.
C. Employees are encouraged to become more self-sufficient.
D. Employees do not need to spend time learning multiple jobs.

It’s D, Employees do not need to spend time learning multiple jobs (Apex)

Answers

One significant benefit of establishing a division of labor in a business is that employees do not need to invest time in learning multiple tasks.

The division of a work process into several tasks, each of which is carried out by a different person or group of people. Division of labor is one of the fundamental organizing principles of the assembly line and is most frequently used in systems of mass production. employees do not need to invest time in learning multiple tasks. The division of labor was first noted in modern literature by Sir William Petty, who demonstrated its existence and utility in Dutch shipyards. In the past, employees in a shipyard would construct ships in sections, finishing one before beginning another.

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If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget

If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?

Answers

The Price elasticity answers are:

The value of price elasticity of demand is equal to four if a 10% rise in price results in a 40% reduction in the amount that is desired. "Being a substantial percentage of the consumer's budget" is the reason why there is an inelasticity in the demand for a certain commodity or service. alternative D Is demand considered "inelastic" if the price elasticity of demand is equal to 0.5? The supply curve for a completely elastic economy is horizontal. The price elasticity of supply is inelastic, which means that a rise in price will result in a less significant increase in quantity.

How to determine the elasticity of demand with respect to price

The price elasticity of demand is equal to the percent change in demand divided by the percent change in price.

x= [tex]\frac{40 \%}{ 10 \%}[/tex]

x=\frac{ 0.4}{ 0.1}

x= 4

A scenario is said to have inelastic demand when there is no proportionate change in the demand for products and services among customers in response to a change in the price of such goods and services.

The supply curve that is horizontally aligned with the demand curve represents a completely elastic supply curve.

In conclusion, the degree to which demand is sensitive to a change in price may be measured by looking at something called the price elasticity of demand.

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I need help with my business assignment
It's about me owning a business, my business is on pharmacy.
I need to talk about how my business can affect on start-up businesses, Local factors impact my business
Conclusion to add more details
I need at least 1 paragraph each.
Thanks!

Answers

Explanation:

Well if your business is growing It will definitely cause lose to startup businesses as workers need a high paid job. If you can pay your employees more it will cause damage to the successful companies because they need workers. Then if you have a good reputation in your area it will definitely be helpful. More people will recommend your pharmacy and if your pharmacy is on a accessable place, close to populated areas or colonies. People will find easy to come to your pharmacy, who live near it as prices of petroleum are increasing.

Hope this helps I tried my best, I don't own a business but this is my idea

yummy yogurt has developed a new flavor of yogurt that its research has determined is becoming very popular. the sales of the flavor are slow, but the company believes the market is growing rapidly. this product represents a

Answers

Yummy yogurt has developed a new flavor of yogurt that its research has determined is becoming very popular. the sales of the flavor are slow, but the company believes the market is growing rapidly. This product represents a trend forecasting product.

What is trend forecasting?

Trend forecasting is the practice of conducting research and developing predictions about consumers' upcoming purchasing patterns. Forecasters are able to give designers and companies a "view" of the future by locating the origin, following the evolution, and seeing patterns in trends. Future consumer behavior is examined by forecasters to see how social, cultural, ethical, and environmental trends will likely impact it. They can determine what goods and services people will be wanting to purchase through this approach.

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to segment the rights to which certain common shareholders are entitled, companies often separate common equity into more than one class of shares called classified stock.

Answers

The  statement is True.

The required details about  classified stock is mentioned in below paragraph.

Classified shares are publicly traded corporate shares that have different share classes, typically designated by Class A and Class B shares. A thorough description of the many classes of common stock and their individual qualities is set out in a company's bylaws and charter, although most often classed shares differ by the number of votes granted by owning those shares, or the absence thereof. Dividend rights may also differ between classes of shares.

A complex capital structure is exemplified by classified shares. Companies with complicated capital structures may have a mix of multiple types of common stock classes, each with its own set of voting rights and dividend rates.

Companies develop different share classes for a variety of reasons, including dividend rights and liquidation preference.

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it has just been reported that eating red meat is bad for your health. using supply and demand curves, demonstrate the report's likely effect on the equilibrium price and quantity of steak sold in the market.

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In the market for steak, equilibrium price will fall, and equilibrium quantity will fall.

The equilibrium quantity of a good is that which corresponds to the point where the supply and demand curves intersect in the market, at a given price. Therefore, we can say that it is the quantity that producers are willing to sell, and consumers are willing to buy. All this at a price that allows both parties to agree. This, in turn, is the equilibrium price of a perfectly competitive market. In this theoretical situation there is no shortage or excess in the market.

In it, there is a supply curve (O) and a demand curve (D). For simplicity, we use the equation of the line. Both represent all producers and consumers. Therefore, they are the production and consumption preferences of a type of good.

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redirecting a client’s attention to service projects so they are less focused on their own problems is an example of the technique frankl developed.

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The practice of redirecting a client’s attention to service projects so they are less focused on their own problems is an example of the Dereflection technique Frankl developed.

What is a Dereflection?

In psychology, a dereflection refers to the logotherapeutic technique of directing the person’s attention away from the problem and towards something important to the person. Most often, it raises the question that includes if we turn the person’s attention away from the problem are we not minimizing the person’s suffering? and Where does empathy come into it?.

Therefore, the Dereflection technique is developed by Frankl and it is practice of redirecting a client’s attention to service projects so they are less focused on their own problems.

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the following is a december 31, 2021, post-closing trial balance for the jackson corporation. account title debits credits cash $ 44,000 accounts receivable 38,000 inventory 79,000 prepaid rent (for the next 8 months) 20,000 investment in equity securities (short term) 14,000 machinery 165,000 accumulated depreciation $ 15,000 patent (net) 83,000 accounts payable 10,000 salaries payable 6,000 income taxes payable 36,000 bonds payable (due in 10 years) 180,000 common stock 140,000 retained earnings 56,000 totals $ 443,000 $ 443,000 required: prepare a classified balance sheet for jackson corporation at december 31, 2021, by properly classifying each of the accounts. (amounts to be deducted should be indicated by a minus sign.)

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The preparation of a classified Balance Sheet for Jackson Corporation at December 31, 2021, is as follows:

Jackson Corporation

Classified Balance Sheet

December 31, 2021

Assets

Current Assets:

Cash                                    $ 44,000

Accounts receivable             38,000

Inventory                               79,000

Prepaid rent

(for the next 8 months)       20,000

Investment in equity securities

      (short-term)                    14,000      $195,000

Long-term Assets:

Machinery                         $165,000

Accumulated depreciation (15,000)

Patent (net)                          83,000    $233,000

Total Assets                                         $428,000

Liabilities and Equity

Current Liabilities:

Accounts payable                                 $10,000

Salaries payable                                       6,000

Income taxes payable                            36,000

Total current Liabilities                        $52,000

Long-term Liabilities:

Bonds payable (due in 10 years)       $180,000

Total liabilities                                   $232,000

Equity:

Common stock              $140,000

Retained earnings            56,000 $196,000

Total liabilities and equity            $428,000

What is a classified balance sheet?

A classified balance sheet is a statement of the financial position of an entity at a point in time, with assets classified according to their short and long-term natures.

The equity is also indicated separately with common stock and retained earnings.

Jackson Corporation

Post-closing Trial Balance

December 31, 2021

Account Titles                  Debits        Credits

Cash                              $ 44,000

Accounts receivable       38,000

Inventory                         79,000

Prepaid rent

(for the next 8 months) 20,000

Investment in equity

securities (short term)   14,000

Machinery                     165,000

Accumulated depreciation           $ 15,000

Patent (net)                    83,000

Accounts payable                           10,000

Salaries payable                               6,000

Income taxes payable                   36,000

Bonds payable (due in 10 years) 180,000

Common stock                             140,000

Retained earnings                         56,000

Totals                     $ 443,000 $ 443,000

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