In terms of the production possibilities curve, inefficiency is represented by:_________.

Answers

Answer 1

Answer:

The inefficiency is represented by any point that lies inside the curve.

Explanation:

In the case of the production possibility curve, the inefficiency is represented by any point that lies inside the curve. While the point on the curve shows the efficient combination or use and the point beyond or outside the curve exhibits that combination that cannot be achieved. Moreover, the point inside the PPF curve shows that the government or economy is not suing its resources efficiently and the efficient use of an economy can reach the optimal combination of production.


Related Questions

The following information pertains to Marigold Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.Assets Cash and short-term investments $ 40,000Accounts receivable (net) 30,000Inventory 25,000Property, plant and equipment 215,000Total Assets $310,000Liabilities and Stockholders' Equity Current liabilities 60,000Long-term liabilities 95,000Stockholders' equity-common 155,000Total Liabilities and stockholders' equity $310,000Income Statement Sales $ 90,000Cost of goods sold 45,000Gross margin 45,000Operating expenses 20,000Net income $ 25,000Number of shares of common stock 6,000000Market price of common stock $40Dividends per share 1.00Cash provided by operations $40,000What is the rate earned on total assets for this company?A. 8.1%B. 6.8%C. 10.5%D. 16.1%

Answers

Answer:

Marigold Company

The rate earned on total assets for Marigold = Net Income/Total Assets * 100

=  $ 25,000/$310,000 * 100

= 8.06%

Explanation:

a) Data:

Assets

Cash and short-term investments              $ 40,000

Accounts receivable (net)                               30,000

Inventory                                                         25,000

Property, plant and equipment                    215,000

Total Assets                                                $310,000

Liabilities and Stockholders' Equity

Current liabilities                                            60,000

Long-term liabilities                                       95,000

Stockholders' equity-common                    155,000

Total Liabilities and stockholders' equity $310,000

Income Statement

Sales                          $ 90,000

Cost of goods sold      45,000

Gross margin               45,000

Operating expenses   20,000

Net income              $ 25,000

Number of shares of common stock 6,000000

Market price of common stock $40

Dividends per share 1.00

Cash provided by operations $40,000

b) Marigold's Return on assets (ROA) indicates how profitable it is relative to its total assets.  Its ROA gives a manager, investor, or analyst an idea as to how efficient Marigold's management is at using the company's assets to generate earnings.  As a percentage, Marigold's Return on assets is 8.06%.

Which source of law takes priority in the following situations, and why?
a) A federal statute conflicts with the U.S. constitution.
b) A federal statute conflicts with a state constitutional provision.
c) A state statute conflicts with the common law of that state.
d) A state constitutional amendment conflicts with the U.S. constitution.

Answers

Answer:

a) A federal statute conflicts with the U.S. constitution.

b) A federal statute conflicts with a state constitutional provision.

Explanation:

As per the Article Vi of the United States constitution, the constitution represents the supreme law of the land if there is any kind of violation that would be declared as non-constitutional and hence not enforced irrespective of what source should be enforced

Also the statutes of the federal state took pattern over the provision of state constitution

Hence, the a and b are correct

The objectives of cybersecurity are to accomplish each of the following except:_______ a. Make data and documents available and accessible 24/7 while simultaneously restricting, access. b. Promote secure and legal sharing of information among authorized persons and partners. c. Ensure compliance with supply chain business partners. d. Detect, diagnose, and respond to incidents and attacks in real time.

Answers

Answer:

C

Explanation:

Cybersecurity is the protection of internet-connected systems such as hardware, software and data from cyber-threats. It is used to prevent unauthorized access to data.

What is the importance of the Define Phase in terms of its placement in the DMAIC method? a) It provides the data collection prior to data analysis b) It clarifies the problem, the process and the customer of the process prior to data collection c) It provides monitoring of the solution in order to sustain the gains d) It takes the data and process analysis into account in order to develop solutions

Answers

Answer:

b) It clarifies the problem, the process and the customer of the process prior to data collection

Explanation:

DMAIC is the acronym representing the steps taken in the lean six sigma programme to increase efficiency.

The steps are define, measure, analyse, improve, and control.

Define is the first stage at which the need of the process client is determined. Process knowledge is obtained by interacting with the participants.

In this stage we ensure there is alignment between project focus and goals of organisational leadership.

Recent financial statements for Madison Company follow:Recent financial statements for Madison Company follow: Madison Company Balance Sheet June 30Assets Current assets: Cash $21,000 Accounts receivable, net 160,000 Merchandise inventory 300,000 Prepaid expenses 9,000 Total current assets 490,000 Plant and equipment, net 810,000 Total assets $1,300,000 Liabilities and Stockholders' EquityLiabilities: Current liabilities $200,000 Bonds payable, 10% 300,000 Total liabilities 500,000 Stockholders’ equity: Common stock, $5 par value $100,000 Retained earnings 700,000 Total stockholders’ equity 800,000 Total liabilities and stockholders' equity $1,300,000 Madison Company Income Statement For the Year Ended June 30Sales $2,100,000 Cost of goods sold 1,260,000 Gross margin 840,000 Selling and administrative expenses 660,000 Net operating income 180,000 Interest expense 30,000 Net income before taxes 150,000 Income taxes 45,000 Net income $105,000 ccount balances at the beginning of the company’s fiscal year were: accounts receivable, $140,000; and inventory, $260,000. All sales were on account.Required:Compute financial ratios as follows:1. Gross margin percentage. 2. Current ratio. (Round your answer to 2 decimal places.)3. Acid-test ratio.4. Average collection period. 5. Average sale period. 6. Debt-to-equity ratio. 7. Times interest earned.8. Book value per share.

Answers

Answer:

1. Gross margin percentage = 40%

2. Current ratio. (Round your answer to 2 decimal places.) = 2.45

3. Acid-test ratio = 0.95

4. Average collection period = 26 days

5. Average sale period = 81 days

6. Debt-to-equity ratio = 0.63

7. Times interest earned = 6 times

8. Book value per share = $40 per share

Explanation:

1. Gross margin percentage.

This can be calculated using the following formula:

Gross margin percentage = (Gross margin / Sales) * 100 .......... (1)

Where;

Sales = $2,100,000

Gross margin = $840,000

We substitute the values into equation (1) and have:

Gross margin percentage = ($840,000 / $2,100,000) * 100 = 0.40 * 100 = 40%

2. Current ratio. (Round your answer to 2 decimal places.)

This can be calculated using the following formula:

Current ratio = Total current assets / Current liabilities ............ (2)

Where;

Total current assets = $490,000

Current liabilities = $200,000

We substitute the values into equation (2) and have:

Current ratio = $490,000 / $200,000 = 2.45

3. Acid-test ratio.

This can be calculated using the following formula:

Acid-test ratio = (Total current assets – Closing Merchandise Inventory) / Current liabilities ........ (3)

Where;

Total current assets = $490,000

Closing Merchandise Inventory = $300,000

Current liabilities = $200,000

We substitute the values into equation (3) and have:

Acid-test ratio = ($490,000 - $300,000) / $200,000 = $190,000 / $200,000 = 0.95

4. Average collection period.

This can be calculated using the following formula:

Average collection period = (Average accounts receivable / Sales) * 365 days …….. (4)

Where;

Average accounts receivable = (Beginning account receivable + Ending account receivable) / 2 = ($140,000 + $160,000) / 2 = $300,000 / 2 = $150,000

Sales = $2,100,000

We substitute the values into equation (4) and have:

Average collection period = ($150,000 / $2,100,000) * 365 = 26 days approximately.

5. Average sale period.

This can be calculated using the following formula:

Average sale period = 365 days / Inventory turnover ……………………….. (5)

Where;

Inventory turnover = Cost of goods sold / Average inventory = Cost of goods sold / [(Opening inventory + Closing inventory) / 2] = 1,260,000 / [($260,000 + $300,000) / 2] = 1,260,000 / [$560,000 / 2] = 1,260,000 / $280,000 = 4.50

We substitute the values into equation (5) and have:

Average sale period = 365 days / 4.50 = 81 days

6. Debt-to-equity ratio.

This can be calculated using the following formula:

Debt-to-equity ratio = Total liabilities / Total stockholders’ equity ……………………. (6)

Where;

Total liabilities = $500,000  

Total stockholders’ equity = $800,000

We substitute the values into equation (6) and have:

Debt-to-equity ratio = $500,000 / $800,000 = 0.63

7. Times interest earned.

This can be calculated using the following formula:

Times interest earned = Income before interest and tax / Interest expense ……………….. (7)

Where;

Income before interest and tax = Net operating income = $180,000

Interest expense = $30,000

We substitute the values into equation (7) and have:

Times interest earned = $180,000 / $30,000 = 6 times

8. Book value per share.

This can be calculated using the following formula:

Book value per share = Total stockholders’ equity / Number of shares outstanding ……….. (8)

Where;

Total stockholders’ equity = $800,000

Number of shares outstanding = $100,000 / $5 = 20,000 shares

We substitute the values into equation (8) and have:

Book value per share = $800,000 / 20,000 = $40 per share

BlueInk Corporation's accumulated depreciation increased by $14,000, while patents decreased by $3,875 between consecutive balance sheet dates.There were no purchases or sales of depreciable or intangible assets during the year. In addition,the income statement showed a loss on sale of land of $1,950. Accounts receivable increased $6,320, inventory decreased $3,125, prepaid expenses decreased $720, and account payable increased $2,760.Required:Reconcile a net income of $55,000 to net cash flow from operating activities.

Answers

Answer:

Net cash flow from operating activities $69,285

Explanation:

The computation of the net cash flow from operating activities is shown below:

Cash flow from operating activities

Net income $55,000

Adjustments made to reconcile

Add: Depreciation expense $14,000

Less: Increase in account receivable -$6,320

Add: Decrease in inventory $3,125

Add: Decrease in prepaid expense $720

Add: Increase in account payable $2,760

Net cash flow from operating activities $69,285

Explain and comment on any factors related to organizational culture and innovation within Mattel’s setting that might have influenced the company to move in a more positive direction.

Answers

Answer: There were many shortcomings in the organizational culture of Mattel setting.

Explanation:

Mattle would have been influenced in a more positive direction, if the following factors were implemented in the relation.:

1. If the company had reviewed its goal, it could redefine its product.

2. The managers not allowed the design of new products that would be meeting the changing needs of the customers.

3. Mattle should have adopted an organizational structure that could be useful in production and could be helpful in changing the market demands.

If consumers start to believe they need a product, what is likely to happen?
A. The demand becomes less elastic.
В. The demand becomes more elastic.
C. The supply decreases.
D. The price decreases.

Answers

Answer:

i think its D, cause its what stores want. to make people want to have something so enable to get peoples attention they would make the product more pricy.'

Answer:

A. The demand becomes less elastic.

Explanation:

For ed2020, this is the correct answer.

Bearcat Construction begins operations in March and has the following transactions.

March 1 Issue common stock for $17,500.
March 5 Obtain $8,300 loan from the bank by signing a note.
March 10 Purchase construction equipment for $21,500 cash.
March 15 Purchase advertising for the current month for $1,000 cash.
March 22 Provide construction services for $17,300 on account.
March 27 Receive $12,300 cash on account from March 22 services.
March 28 Pay salaries for the current month of $5,300.

Required:
Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.

Answers

Answer:

Bearcat Construction

General Journal

March 1

Cash $17,500 (debit)

Common Stock $17,500 (credit)

Cash Received in Exchange of Common Stock

March 5

Cash $8,300 (debit)

Note Payable $8,300 (credit)

Cash received from Bank Loan

March 10

Equipment (debit)

Cash (credit)

Purchase of Equipment by Cash

March 15

Advertising Expenses (debit)

Cash (credit)

Advertising Expense paid in Cash

March 22

Accounts Receivable $17,300 (debit)

Service Revenue $17,300 (credit)

Service Rendered on Credit

March 27

Cash $17,300 (debit)

Accounts Receivable $17,300 (credit)

Cash Received from Accounts Receivables

March 28

Salaries Expense $5,300 (debit)

Cash $5,300 (credit)

Salaries paid in Cash

Explanation:

See the Journal Entries and Narrations that i have prepared above.

When Coca Cola introduced Coke Zero,this was an example of a _____ strategy.
A) repositioning
B) product line extension
C) cannibalization
D) disintermediation
E) demarketing

Answers

Answer:

B) product line extension

Coke Zero is an example of Coca Cola expanding their line of products. They are adding in more options for consumers to buy.

Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be backed at one time. this new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 loaves per month. Employees are paid $8.00 per hour. In addition to the labor cost, Charles has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.40.
1. Current multi-factor productivity for 640 work hours per month =_____.
2. After increasing the number of work hours to 864 per month, the multi-factor productivity =______.
3. The percentage increase in productivity =______.

Answers

Answer:

1) $0.27 per loaf of bread

2) $0.28 per loaf of bread

3) 3.7%

Explanation:

current production = 1,800 loaves per month

current labor expense = $8 per hour

constant utility cost = $800

ingredients per loaf = $0.40

multi-factor productivity = total output / (labor + materials + overhead)

current multi-factor productivity = 1,800 loaves / ($5,120 + $800 + $720) = $0.27 per loaf of bread

new output level = 1,800 x 1.35 = 2,430 loaves

new multi-factor productivity = 2,430 loaves / ($6,912 + $800 + $972) = $0.28 per loaf of bread

% increase = ($0.28 - $0.27) / $0.27 = 3.7%

As the manager of a Papa​ Sean's restaurant, you must deal with a variety of business transactions. Give an example of a transaction that has each of the following effects on the accounting​ equation:a. Increase one asset and decrease another asset. b. Decrease an asset and decrease equity. c. Decrease an asset and decrease a liability. d. Increase an asset and increase equity. e. Increase an asset and increase a liability.

Answers

Answer:

Papa Sean's Restaurant

Transactions that affect the Accounting Equation:

a. Increase one asset and decrease another asset.

Cash of $40,000 is received from customers on account.

b. Decrease an asset and decrease equity.

A wage expense of $56,000 is paid for the period

c. Decrease an asset and decrease a liability.

Suppliers are paid $67,000 on account.

d. Increase an asset and increase equity.

Customers are billed $90,000 for services rendered in the month.

e. Increase an asset and increase a liability.

The company purchases equipment worth $35,000 on account.

Explanation:

The accounting equation shows that for each financial transaction of a business affects at least two accounts and may involve the two sides of the accounting equation or affect two accounts on one side of the equation.  This implies that the equation is always in balance.  The accounting equation also explains the duality of business transactions.

What is the price of a perpetuity that has a coupon of $50 per year and a yield to maturity of 2.5%? If the yield to maturity doubles, what will happen to its price?

Answers

Answer:

1.

$2000

2.

If the yield to maturity doubles,the price of perpetuity would reduce by 100%

Explanation:

The price of the perpetuity is determined by dividing the coupon by the yield to maturity as shown below:

price=coupon/yield to maturity

coupon=$50

yield to maturity=2.5%

price=$50/2.5%

price=$2000

If the yield to maturity doubles, it becomes 5% and a new price is shown below:

price=$50/5%=$1000

An individual who suffers from a self-reference criterion should learn to take into consideration the ________ before making an international marketing decision.a. total cost of goods soldb. home country valuesc. competitor stanced. culture of the other countrye. global resources

Answers

Answer: culture of the other country

Explanation:

Self reference criterion is simply influence of an individual's culture on his or her behavior in certain situations. Individuals try as much as possible to respond in a way associated with their culture when faced with certain situations.

An individual who suffers from a self-reference criterion should learn to take into consideration the culture of the other country before making an international marketing decision. This is necessary to Foster good working relationship.

A report on the effectiveness of internal control over financial reporting as required by Section 404 of the Sarbanes-Oxley Act. Which option is correct:
1. An audit of historical financial statements
2. An attestation service other than an audit service
3. An assurance service that is not an attestation service

Answers

Answer:

2. An attestation service other than an audit service

Explanation:

When auditors are engaged to give an independent opinion that internal controls designed over financial reporting are working as or otherwise, the report of such engagement is known as an attestation service other than an audit service. In other words, a confirmation of the effectiveness of internal controls other than audit of financial statements

Squirrel tree services reports the following amounts on december 31, 2021.Assets Liabilities and Stockholders’ EquityCash $9,500 Accounts payable $15,100Supplies 3,600 Salaries payable 5,300Prepaid insurance 5,300 Notes payable 38,000Building 90,000 Common stock 40,000 Retained earnings 10,000In addition, the company reported the following cash flows.Cash Inflows Cash OutflowsCustomers $96,000 Employee salaries $40,000Borrow from the bank (note) 38,000 Supplies 22,000Sale of investments 35,800 Dividends 15,500 Purchase building 98,000Required:
1. Prepare a balance sheet.
2. Prepare a statement of cash flows.

Answers

Answer and Explanation:

1. The preparation of the balance sheet is presented below:

                                Squirrel tree services

                                          Balance sheet

                         For the year ended December, 31, 2021

Liabilities                               Amount             Assets                    Amount

and stockholder equity

Liabilities

Account payable                  $15,100        Cash                            $9,500

Salaries payable                   $5,300         Supplies                     $3,600

Note payable                        $38,000       Prepaid insurance    $5,300

Total liabilities                       $58,400      Building                       $90,000

Equity

Common stock                     $40,000

Retained earnings                 $10,000

Total equity                            $50,000

Total liabilities & equity          $108,400   Total assets              $108,400

2. The preparation of the cash flow statement is presented below:

                                Squirrel tree services

                                   Cash flow statement

                         For the year ended December, 31, 2021

Particulars                    Amount ($)             Amount ($)

Cash flow from operating activities-  

Cash inflows  customers  96,000  

Cash outflows salaries      (40,000)  

Cash outflows supplies     (22,000)  

Net Cash flow from operating activities (A)     34,000

Cash flow from investing activities-  

Sale of investments                   35,800  

Purchase of building                 (98,000)  

Net Cash flow from investing activities (B)     (62,200)

Cash flow from financing activities  

Borrowed from bank                      38,000  

Dividends                                      (15,500)  

Net Cash flow from financing activities (C)             22,500

Net increase in cash (A+B+C)                   (5,700)

Add: Cash at beginning of year                 15,200

Cash at end of year                                     9,500

Which of the following is true about services?
A. The customer is the input.
B. The customer takes an active part in the service.
C. Compared to goods, capacity management of services is more difficult to manage.
D. Production and consumption of services occur simultaneously.
E. All of the above are true.

Answers

Answer:

The correct answer is the option E: All of the above are true.

Explanation:

To begin with, in the field of marketing the services are considered to be very different from the products in terms of characteristics because the first ones are always unique, intangible and heterogenous. Moreover, they cannot be stored and its production and consumption happens at the same time because when someone demands for a service then that particular job happens, therefore meaning that is being produced and consumed at the same moment. In addition to that, it is quite obvious that when the service is happen the costumer is taking active part in it due to the fact that the service is focus on him and that is why that the client is an input as well.

Which of the following is an advantage of having a single set of accounting standards used worldwide?a. Reduced accounting costs for multinational corporationsb. Increased power of the FASBc. Reduced number of multinational corporations on the NYSEd. Increased diversity of accounting methods used by multinational corporations

Answers

Answer: Reduced accounting costs for multinational corporations.

Explanation:

An accounting standards are common standards, procedures and set of principles, that define financial accounting policies basis. Accounting standards also help in improving transparency of financial reporting.

An advantage of having a single set of accounting standards used worldwide is reduced accounting costs for multinational corporations.

When financial services companies undertake layoffs, the most valuable employees, whom the companies want to retain, often leave the company voluntarily for new jobs not long after the layoffs. ITEL Financial Services, however, has not lost any of its most valuable employees despite multiple layoffs in the past decade. ITELcredits its success in keeping valuable employees to its high tolerance for risk when employees make investment decisions.
Which of the following, if true, most strongly supports ITEL’s reasoning as to why the company retains its most valuable employees?
(A) People in the financial services industry are often motivated to change jobs by a significant salary increase.
(B) The way in which layoffs are handled can have a significant upward or downward impact on the morale and company loyalty of the employees who remain.
(C) Layoffs often occur during industry downturns, and it is generally much more difficult to find a new job when the industry is struggling.
(D) It is difficult to develop an objective method or definition for determining who should be considered a very valuable employee.
(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful

Answers

Answer:

(E) A risk-intolerant environment impedes the entrepreneurial drive that financial services industry employees feel is a requirement to be successful

Explanation:

Option E describes the justification of why ITEL most valuable employees have decided to remained to continue with a particular firm considering the situation of an economic downturn.

Thus, given that, the ITEL satisfies this justification or standards which implies maintaining a high tolerance for risks, hence the correct answer is option E, as it helps us to reinforce or bolster ITEL's understanding.

Therefore option E is the correct answer.

The flow rate of customers at a state fair is 100 per hour. The fair is open from 8 a.m. to 8 p.m. How many customers come through the fair during that time?

Answers

Answer:

1,200 customers

Explanation:

Calculation for how many customers come through the fair during that time

Based on the information given about the time the fair is open, we were told that they do open from 8am in the morning to 8pm in the night which means that 8am to 8pm will give us 12 hours

Now let calculate for the numbers of customers that come through the fair during that time Using this formula

Numbers of customers =Flow rate of customers per hr×Numbers of hours

Let plug in the formula

Numbers of customers =100 customers per hr x 12 hrs

Numbers of customers == 1,200 customers

Therefore the numbers of customers that come through the fair during that time will be 1,200 customers.

The process of planning and managing a firm’s long-term assets is called:______.
A. Capital Budgeting
B. Agency Cost Analysis
C. Capital Structure

Answers

C is the correct answer

Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and the investor concludes that it can exert significant influence over the investee. The book value of the investee’s Stockholders’ Equity on the acquisition date is $500,000, and the investor purchases its 25% interest for $145,000. The investor is willing to pay the purchase price because the investee owns an unrecorded (internally developed) patent that the investor estimates is worth $80,000. The patent has a remaining useful life of 10 years. Subsequent to the acquisition, the investee reports net income of $100,000, and pays a cash dividend to the investor of $20,000. At the end of the first year, the investor sells the Equity Investment for $180,000. Prepare all of the required journal entries to account for this Equity Investment during the year.

Answers

Answer:

See answer an explanation below.

Explanation:

The journal entries will look as follows:

General Journal

Description                                          Debit ($)             Credit ($)          

Equity investment                               145,000

Cash                                                                                  145,000

(To record purchase of investment.)                                                      

Cash                                                      25,000

Income from equity investment (w.1)                              25,000

(To record equity income.)                                                                      

Cash                                                     20,000

Equity investment                                                            20,000

(To record receipt of cash dividend.)                                                      

Income from equity investment           2,000

Equity investment (w.2)                                                     2,000

(To record patent amortization expense.)                                            

Cash                                                   180,000

Gain on sale of equity invest. (w.4)                                 32,000

Equity investment (w.3)                                                  148,000

(To record sale of investment.)                                                              

Workings

w.1: Income from equity investment = Investee's net income * Percentage of interest = $100,000 * 25% = $25,000

w.2: Equity investment = (Patent value / Remaining useful life) * Percentage of interest = ($80,000 / 10) * 25% = $8,000 * 25% = $2,000

w.3: Equity investment = $145,000 + $25,000 - $20,000 - $2,000 = $148,000

w.4: Gain on sale of equity investment = Sales proceed - w.3 = $180,000 - $148,000 = $32,000

Klara wants to compare the price of a wallet she saw at Nordstrom Rack with other stores that may have the same wallet. She locates the product of three different websites, including Amazon. Klara’s quest is an example of how customers are using __________ to solve problems.

Answers

This question is incomplete because the options are missing, here is the missing part:

Klara’s quest is an example of how customers are using __________ to solve problems.

A. Price shopping

B. Databases

C. Information technology

D. Social networking

The answer to this question is C. Information technology

Explanation:

Webpages and the internet are part of Information technology because these two tools allow users to obtain or share information by using technologies such as mobile phones or computers. Moreover, nowadays, information technologies help an essential role in the process of selling and buying products because through these companies can advertise their products and customers can obtain information about them or even buy them.

The use of information technology in buying and selling is exemplified by Kiara because she used the internet as a tool to find the web pages that sold a specific wallet and then know the price. Also, the use of this information technology helps Kiara make the best buying decision.

Of the four sources of cash listed below, which can be found in the balance sheet?a. funds provided by operations.b. funds provided by borrowing.c. funds provided by the sale of assets.d. funds provided by issuing common or preferred stock.e. all of the above.

Answers

Answer: b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

Explanation:

The financial statement consists of two main components which are the balance sheet and the income statement. The balance sheet simoly shows the financial standing of a firm.

Of the options, those that can found in the balance sheet are:

b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

On January 2, 2015, Denny Corp. enters into a five-year capital lease for machinery with annual payments of $15,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Answers

Answer:

some information was missing, the present value of the equipment which is $65,000

the journal entries to record the lease agreement is:

January 2, 2015, five year lease for machinery

Dr Machinery 65,000

    Cr Lease liability 65,000

then you must record the lease payment, since it is done immediately, there is no interest expense recorded:

January 2, 2015, first annual lease payment

Dr Lease liability 15,000

    Cr Cash 15,000

Only the first lease payment will not include an interest expense since it was done the same day as the machinery was leased.

J. Brown provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T-accounts by completing the following sentence.

Service Revenue would be ____________ on the _______________ side of the T-account, and Cash would be ______________ on the _______________ side of the T-account.

Answers

Answer and Explanation:

Since in the question it is mentioned that the J.brown provides a service and on the instant it collected the cash for $1,900

So here the journal entry that would be

Cash Dr $1,900

        To Service revenue $1,900

(Being cash collected is recorded)

The service revenue is shown in the on the right side of the T-account that should be credited and the cash to be shown on the left hand side of the T-account that should be debited as both the account is increasing.

What is not a potential risk of purchasing a used car?
O used cars can require repairs sooner
O warranties can be very limited
O used cars can have lower initial cost
unexpected issues may arise

Answers

Answer:

used cars can have lower initial cost

Explanation:

Remember, the term risk often refers to an unpleasant or unwelcome event such as a loss arising from a particular action.

Hence, since we are looking for what is not a loss (potential risk) of purchasing a used car, the best option that matches this is that used cars have a lower initial cost which ofcourse can be seen as an advantage.

The fact that "used cars can have lower initial cost" is not a potential risk.

Potential risk in this context refers to various risk or issues that the used car can develop in the course of active use of the purchased car.

Usually, cars which are bought fairly requires more repair and maintenance than newly bought cars

Used cares are very susceptible to break-down at any point in time.

Some others potential risk to this context includes:

They are less reliable because its good moment have been used by previous user.Ignorance of how the car have been managed in past may prove costly ir the routine is not adhered to.A used car usually have a shorter or no warranty.

In conclusion, as this context i concern, the car having a lower initial cost is not a potential risk because the value ofa  used car is expected to drop.

See similar answer here

brainly.com/question/24567130

Prepaid items on financial statements

Therapy Inc. experienced the following events in 2013, its first year of operation:

1. Performed counseling services for $18,000 cash.

2. On February 1, 2013, paid $12,000 cash to rent office space for the coming year.

3. Adjusted the accounts to reflect the amount of rent used during the year.

Required

Based on this information alone

a. Record the events under an accounting equation.

b. Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.

c. Ignoring all other future events, what is the amount of rent expense that would be recognized in 2014?

Answers

Answer:

a. Record the events under an accounting equation (I divided the accounting equation in 2)

      assets                               = liabilities       +     equity

      cash        prepaid rent

1)     18,000          0                         0                     18,000

2)   -12,000    12,000

3)        0         -11,000                      0                    -11,000

     revenue  -  expenses  =  net income         cash flow  type

1)    18,000              0               18,000               18,000       OA

2)        0                  0                  0                     -12,000      OA

3)        0              11,000           -11,000                  0             OA

b. Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.

Therapy Inc.

Income Statement

For the year ended December 31, 2013

Service revenue    $18,000

Rent expense       ($11,000)

Net income            $7,000

Therapy Inc.

Income Statement

For the year ended December 31, 2013

Assets:

Cash $6,000

Prepaid rent $1,000

Total assets $7,000

Liabilities $0

Equity

Retained earnings $7,000

Total liabilities and equity $7,000

Therapy Inc.

Cash Flow Statement

For the year ended December 31, 2013

Cash flows from operating activities

Net income                                 $7,000

Adjustments to net income:

Increase in prepaid rent           ($1,000)

Net cash flow from operating activities $6,000

Cash flows from investing activities:           $0

Cash flows form financing activities:          $0  

Net increase in cash                               $6,000

Beginning cash balance                                $0

Ending cash balance                              $6,000

c. Ignoring all other future events, what is the amount of rent expense that would be recognized in 2014?

If they continue to rent the same office, the rent expense for 2014 should be $12,000 (assuming that rent didn't change)

Match the following definitions to the appropriate term. Each term may be used only once or not at all. Definition (or partial definition) A. Used in preparing dividend payments and other communication with shareholdersB. A document that contains requirements such as fund. C. An unsecured bond, dependent upon the general credit of he issuer. D. Charged with maintaining detailed records of shareholders and handling purchases and sales of stock. E. A book that contains the record of shares issued in numerical sequence. 1. Capital stock 2. Debenture bond3. Paid-in Capital in excess of par4. Security bond 5. Sinking fund 6. Stock certificate book 7. Stock reconciliation file 8. Stock certificate holder 9. Stockholders ledger 10. Stock transfer agent 11. Treasury stock 12. Trust indenture

Answers

Answer:

Explanation:

Match the definitions to the appropriate term

TERMS:

1. CAPITAL STOCK     2. DEBENTURE BOND

3. PAID-IN CAPITAL IN EXCESS OF PAR     4. SECURITY BOND

5. SINKING FUND     6. STOCK CERTIFICATE BOOK

7. STOCK RECONCILIATION FILE    8. STOCK CERTIFICATE HOLDER

9. STOCKHOLDERS LEDGER     10. STOCK TRANSFER AGENT

11. TREASURY STOCK     12. TRUST INDENTURE

DEFINITIONS:

NOTE: Since the definitions given are 5 in number and each term may be used only once or not at all; only 5 of the terms will be used.

For statement (A), Term 9 matches

For statement (B), Term 12 matches

For statement (C), Term 2 matches

For statement (D), Term 10 matches

For statement (E), Term 6 matches

Which of the following statements about the income and substitution effects of an income tax rate increase is true? A. The income and substitution effects are contradictory behavioral reactions. B. From the government's perspective, the substitution effect is more desirable than the income effect. C. Faith in the income effect is the foundation for supply-side economic theory. D. Dynamic forecasts of incremental tax revenues must consider the potential income effect but not the potential substitution effect of a rate increase.

Answers

Answer:

D. Dynamic forecasts of incremental tax revenues must consider the potential income effect but not the potential substitution effect of a rate increase.

Explanation:

This is because, an increase in taxes would affect the incomes of the people thereby decreasing the disposable income available to people while on the other-hand, there will be no substitution available for them unlike if the situation where to be with regards to goods and services.

Answer:

A, C, and D!!!

Explanation:

100% on edge :)

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