Learning Objective 4 - Prepare Financial Statements
From the data below prepare an income statement, a statement of owner's
equity, and a balance sheet for the month ended March 31, 200x for Snow
Excursions Company.
Description
Balances on March 31, 200x
Jon Snow Capital (beg balance)
S2,000
Snow Equipment
1.000
Rent Expense
400
Accounts Payable
2,000
Fee Revenue
1.000
Cash
3,000
Utilities expense
100
Accounts Receivable
150
5
Salary expenses
200
Withdrawals
150

Answers

Answer 1

Answer:

150Explanation:


Related Questions

Consumer behavior is the way that forces shape people's
A. goods and services
B. place and time utility
C. culture and society
D. activities related to buying

Answers

Answer:

D. activities related to buying

Explanation:

Consumer behavior study how individuals and organizations select the goods and services they opt to buy. It tries to understand consumers' motivation, psychology, and behavior as they select preferred goods and services. Consumer behavior is broad and complex. Some of the answers it seeks are

1. How consumers think and choose between various options

2. The behavior of consumers while shopping

3. How the environment (peers, culture, media, social media) influence social media

What are some of the steps that led to creating eHarmony?

What advantages did eHarmony have because it was not the first entrant into the online dating market space?

What disadvantages might there be as a late entrant into a market? Did eHarmony experience any or all of these? Which?

Why did Greg Forgatch believe that eHarmony’s first radio ad worked so well?

What key advertising concepts has eHarmony applied?

Answers

Answer and Explanation:

1. Eharmony was born out of Neil Clark Warren's(clinical psychologist and marriage counselor) research work on the psychology of satisfactory relationships through weighing compatibility by certain notable characteristics in individuals. It was on this basis that he set up eharmony which matches people based on principles from his research

2. Eharmony matches people using Neil's principles and this sets him apart from other dating sites

3. It worked so well because there was evidence that it Neil's matching couples model works because real couples were involved in the ad

4. Key advertising concepts was the involvement of real couples who started their relationship through eharmony showing that it actually works

When management fails to set priorities for work, employees tend to _______. a. Decide which tasks to do by flipping coins b. Schedule tasks over a reasonable period of time c. Assume each task is of equal importance d. Work on one task to completion before moving on Please select the best answer from the choices provided A B C D

Answers

Answer: C. ASSUME EACH TASK IS OF EQUAL IMPORTANCE

Explanation:

its right

Answer:

C. assume each task is of equal importance

Explanation:

Edge 2021

12X12+12-12=

answer is:

Answers

Answer:

144

Explanation:

Answer:

(12)(12)+12−12

=144+12−12

=156−12

=144

The type of cover letter written to inquire about possible job openings: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter Please select the best answer from the choices provided A B C D

Answers

The type of cover letter written to inquire about possible job openings: b. Prospecting letter.

What is prospecting letter?

Prospecting letter can be defined as the type of cover letter writing by a prospective applicant to a company or  human resources manager so as to inquire about a job opening.

The applicant  tend to include the the following in the cover letter:

QualificationSkillsExperience Why he/her is suitable for the job and what he/she can offerWhy the applicant should be invited for an interview Why he/her should be given the job

Inconclusion the type of cover letter written to inquire about possible job openings: b. Prospecting letter.

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Answer:

b.

Prospecting letter

Explanation:

i took the test

​Ashton is working on a project at PowerTek Inc., a well-known multinational corporation. He is using capital budgeting to estimate the project's future cash flows. He finds that the present value of the estimated future cash flows is greater than the cost of the project. How likely is he to gain approval from the board? Group of answer choices

Answers

Answer: A. He will quite certainly gain approval since the project has a positive net present value.

Explanation:

The options are:

A. He will quite certainly gain approval since the project has a positive net present value.

B. Approval is probable but not likely as he failed to account for the time value of money.

C. He will not gain approval as he failed to consider whether the project is leading edge or not.

D. Approval is probable but not likely as the project has been constructed on estimates instead of facts.

Capital budgeting is used to know whether the long term investment for a particular organization's is actually worth investing in or not by the company.

Based on the scenario in the question, since the present value of the estimated future cash flows is greater than the cost of the project, Ashton will quite certainly gain approval since the project has a positive net present value.

List the ​3 reasons​ why the ​Law of Demand​ occurs.

Answers

Answer: Substitution Effect

Income Effect

Additional Customers

Different Uses:

Explanation:

The Law of Demand explains the downward slope of the demand curve, which posits that as the price falls the quantity demanded increases and as the price rise, the quantity demanded decreases, other things remaining unchanged.

Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions. How to Conquer the First Impression What does this article say about being on time?

Answers

Punctuality is the key to develop a good first impression.

Whether attending a meeting or an interview if the person is on time this makes a good impression indicating that a person is punctual and strict to time. Such a person will value time and consider the priority tasks to be done on time that can be consider good for the organization.Therefore, time management can develop a positive first impression.

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Need Help ASAP
List three (3) examples of workplace documents?

Answers

Emails Letter and Business Reports

Answer:

Messages, memorandums, minutes and agendas are usually workplace documents that are prepared for internal use. That is, these documents are only used and read by people inside your organisation

Explanation:

You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can’t get out of. You also have a marginal printing cost of $0.25 per paper as well as a marginal delivery cost of $0.10 per paper.

Answers

Answer and Explanation:

The computation is shown below:

Fixed cost is

= $500,000 + $1,000,000

= $1,500,000

And, the marginal cost is

= $0.25 + $0.10

= $0.35 per paer

Now

as we know that

AFC = FC ÷ Q

Now for At 1,000,000 papers,

AFC is

= 1,500,000 ÷ 1,000,000

= $1.50/mo

At 800,000 , it would be

AFC = 1,500,000 ÷ 800,000

= $1.875/mo

MC = $0.35 per paper  and the same is not changed

Now for break even, the average total cost is

ATC = AFC + AVC

ATC = FC ÷ Q + VC ÷ Q

VC = MC × Q

ATC = FC ÷ Q + MC

ATC = FC ÷ Q + 0.35

At Q = 1,000,000,

ATC = 1.50 + 0.35

ATC = $1.85

At Q = 800,000 , it would be

ATC = 1.875 + 0.35

=  $2.225

As it can be seen that

The AFC changes from 1.50 to 1.875 which shows an increment of 0.375.

The MC remains constant or same  at 0.35 as the printing and delivery costs per paper are remain same

And, The minimum amount that we must charge to break even rises i.e. from 1.85 to 2.225. That is a rise of 0.375

Step One: Create a budget. You can use a spreadsheet, budget software, online budget tools, or a pencil and paper. Remember, to create a budget, you enter income and calculate the total, enter the expenses and calculate the total, and subtract the expenses from the income.

Step Two: It is now the next month, May. The Spencers have spent money and earned another month's worth of income. Update your budget with the following expenses in May. Keep the original expenses.

Expenses May
short-term savings $0
long-term savings $0
rent/insurance $700
car payment $350
utilities $140
tv/cable $100
cell phones $100
clothing $230
entertainment/recreation/eating out $260
credit card (balance=$1200) $50
miscellaneous expenses $130


Step Three: Answer the following: In what areas did the Spencers overspend? What changes would you make to their spending?

Step Four: You probably noticed that the Spencer family is not putting money in their savings account. This would be a good idea since their financial goal is to buy a house. Make adjustments to the budget so that they have money going into short-term savings.

Answers

Answer:

Budget: Income $2500/monthly $4.50 interest/each month

Explanation:

Budget : $1500/monthly

Spenser had overspent $720

The unnecessary expenses would be :

miscellaneous expenses $130

entertainment/recreation/eating out $260

tv/cable $100

clothing- $230

That will save $720 by removing those expenses. That can be split into short-term and long-term savings.

Only spending $1500 a month will ensure them to save $1,000 each month, and be able to save for a house and still occasionally be able to afford miscellaneous purchases.

1.Under the Uniform Commercial Code, contracts for the sale of goods are subject to an implied promise, called a(n)____, that the good are suitable for the specific purpose for which they are bought.

2.Each state has a statue of____ that outlines the requirements for forming each contract.

3.The Uniform Commercial Code controls contracts

4.Generally, a state's statute of frauds will cover____ types of contracts.

5.A(n) _________ contract is formed when the executor or administrator of a person's estate promises to pay off owed debt with their personal funds

6.When one party in a contract agrees to release the other party from performance and enters into a new contract with another party, this is known as

7.if the sales price for an item is_____ or more, the contract should be in writing.

8.On March 1, a woman sees a car with a "for sale" sign and telephone number to call. She investigates the car and its value. She telephones and states she will pay $4000 if she can have the car by March 31. Her telephone conversation with the seller is

9.The Uniform Commercial Code applies to contract issues related to

10.____ is the item that's bargained for in a case of agreement.

Answers

Answer:

1.implied warranty of fitness for particular use

2.frauds

3.for the sale of goods

4.six

5.agreement to answer for a debt of decedent

6.novation

7.$500

8.an offer

9.the sale of goods

10.Consideration

Explanation:

UCC comprises clauses for product sales, commercial paper, bank deposits and collections, bulk transfers, investment securities, and secured transactions.

What is the Uniform Commercial Code?

All business transactions in the United States are governed by the Uniform Commercial Code (UCC), a comprehensive body of legislation. It is a uniformly enacted state law rather than a federal one.

A variety of commercial contracts, including those involving the sale of commodities, lease of products, use of negotiable instruments, banking transactions.

Letters of credit, papers of title for goods, investment securities, and secured transactions, are governed by the Uniform Commercial Code (UCC).

Therefore, there is an implicit warranty of fitness for a particular application, ensuring that the goods are appropriate for the intended use.

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Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.

Answers

Answer:

He should choose a career cluster that will allow him to support himself.

Explanation:

need help What were Law’s plans?

Answers

Answer:

Law created a private national bank and issued paper money, based on the wealth of the French government, in the hopes to pull France out of debt.

-BBBM

he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $1.21. The marketing department\'s studies indicate this price increase would reduce usage to 169 riders per day.Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method to determine if the bus company should increase price or decrease price to increase revenues.

Answers

Answer:

2.77

the bus company should  decrease price to increase revenues.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

percentage change in price = 1.21 / 0.99 - 1 = 0.222 = 22%

Percentage change in quantity demanded = 169 / 433 = -0.6097 = - 60.97%

Elasticity of demand = 60.97% /  22% = 2.77

Demand is elastic, so if price in reduced, there would be a rise in quantity demanded that would exceed the rise in price. This would increase revenues

Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation


Please select the best answer from the choices provided

A
B
C
D

Answers

Is c
Because is like your challenging them so it cant be any others

Answer:

D. Defamation

Explanation:

Defamation is when you make harmful false accusations towards a person and/or company

does non traditional careers for men mean job for women?
and does non traditional careers for women mean job for men?

Answers

I’m not really sure what you mean by non traditional but i suppose it’d make the work place inclusive/diverse if men and women started working ‘non traditional’ jobs (:

what is a new product in business​

Answers

Answer:

bio

form

Explanation:

THANKS FOR TODAY FOR THE PEOPLE WHO HELPED

Answers

Answer:

Nice to bad I din't help

Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation


Please select the best answer from the choices provided

A

B
C
D

Answers

Answer:

D

Explanation:

Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $15,000,000 of 20-year, 9% callable bonds on May 1, 20Y1, at their face amount, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year.

Answers

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $15,000,000

      To Bonds payable $15,000,000

(Being issue of bonds is recorded)

2. Interest expense on bonds Dr, $675,000

        To cash $675,000 ($15,000,000 × 9% × 6 ÷ 12)

(Being payment of interest is recorded)

3. Bonds payable Dr, $15,000,000

       To Gain on redemption of bonds $600,000

       To Cash ($15,000,000 × 0.96) $14,400,000

(Being redemption on bonds is recorded)

Which statement best summarizes why productivity of workers is important to businesses? (5 points)

Group of answer choices

Productive workers save businesses time and money.

Productive workers work cooperatively with teammates.

Productive workers tend to be promoted to management.

Productive workers work slowly to produce high quality items.

Answers

Answer:

Productive workers save businesses time and money.

Explanation:

Productive workers save businesses time and money - this statement best summarizes why productivity of workers is important to businesses.

Why productivity of workers is important to businesses?

Productivity stands for the efficiency of the production of goods or services represented by some measure. Employee productivity exists as an estimation of an employee's or a group of employees' efficiency.

Employee productivity exists essential regardless of the industry your business operates in or its size. Productivity directs to better customer service, a healthful work environment, and satisfied employees. Improved productivity also improves output, or production, usually for the exact amount of work or less.

The correct answer is option A.

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True or False: When writing a check, it is not necessary to write the amount of the check in numbers and words.

True
False

Answers

Answer:

false

Explanation:

Answer:

False

Explanation:

A point inside the production possibilities curve represents -
A. An efficient use of resources
B. Future output
C. An inefficient use of resources
D. An impossibility given current resources

Answers

Answer:

i think its letter D!!!!

describes employees who are allowed to work remotely.
Networked staff
Overtime employees
Telecommuting employees
Salaried employees

Answers

Answer:

Telecommuting employees.

Explanation:

There are numerous mediums or ways of working in the corporate world. telecommunication is one such way in which the employees are allowed to work from a remote place and do not necessarily need to come to the employer's office to do work.

Telecommunication is also known as work from home, remote work, flexible work, mobile work, etc. among others. This allows the employee to work in his/ her own space, comfort zone and also need not make them go through the hassle of traveling to and back from the office. This, in return, makes it good for the company to reduce costs be it in travel allowances, office space, and other amenities, etc.

Answer:

telecommuting employees

Explanation:

got it right on my quiz

PLEASE HELP ME!!!! I WILL GIVE BRAINLIEST

Answers

Answer:

yes

Explanation:

The person in charge of product movement is the ?

Answers

Answer:

Distributor I believe

Answer:

Sales Manager :)

Explanation:

Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of business on May 31. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,700. May 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.

Answers

Answer:

Cash account reconciliation:

Cash account balance                                $27,700

subtract bank fees                                           ($110)

subtract NSF check                                       ($580)

Reconciled balance                                    $27,010

Bank account reconciliation:

Bank account balance                               $26,000

subtract outstanding checks                     ($5,700)

add deposits in transit                                 $6,300

add error with Smith Company check            $410

Reconciled balance                                    $27,010

PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Manuel wants to better manage his money and has started to seriously focus on financial planning. He has looked at his accounts and his other resources. What is the NEXT step Manuel should take in the financial planning process?


Identify his short-term and long-term financial goals.


Identify his potential goals.


Periodically review and revise his financial plan.

Answers

Answer:  A. Identify his short-term and long-term financial goals.

Explanation:

You're welcome :)

After going over his accounts and resources, Manuel should reflect on his short-term and long-term financing.

What is short and long-term finance?

Short period financing methods cast off a mortgage to make a purchase, commonly with a time period of much less than 365 days. Trade credit, commercial bank loans,commercial paper and secured loans.

Long period finance may be described as any economic device with an exceeding one year, consisting of financial institution loans, bonds, leasing, and different sorts of debt finance, public finance instruments.

So from the above declaration, it's clear that short and long-time period financing, is the ideal answer.

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Interest rates are affected by what? (for Global Business)

a. money supply and demand, risk, and inflation.
b. money supply and demand, balance of payments, unfavorable payments.
c. money supply only.
d. unfavorable payments, risk, and political stability

Answers

I think a is the correct answer let me know if This helps
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