The accurate solution to the query that "Marshall Corporation incurred costs for material and labor needed to manufacture its product, are examples of period costs.
Characteristic of period costs-
A period cost is any value that can not be capitalized into prepaid expenses, inventory, or constant assets. A period cost is closely related to the passage of time than with a transactional event. Since a period cost is largely usually charged to expense at once, it can more accurately be known as a period expense.
Period prices are prices that can not be capitalized on a company’s balance sheet. In different words, they may be expensed withinside the period incurred and found at the income statement.
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Warren Enterprises had the following events during Year 1: The business issued $25,000 of common stock to its stockholders. The business purchased land for $17,000 cash. Services were provided to customers for $21,000 cash. Services were provided to customers for $10,000 on account. The company borrowed $21,000 from the bank. Operating expenses of $17,000 were incurred and paid in cash. Salary expense of $1,300 was accrued. A dividend of $9,000 was paid to the stockholders of Warren Enterprises. Assuming the company began operations during Year 1, What is the amount of retained earnings as of December 31, Year 1
The amount of retained earnings as of December 31 is, 2500.
Cash revenue 21,000.
Credit revenue 10,000.
Total revenue 31,000.
Cash operating expenses 17,000 .
Accrued expenses 1,300 .
Total expenses (18,300).
Net income 11,500.
Net income - Dividends = Retained Earnings.
= 11,500 - 9000
Retained Earnings = 2500.
What is retained earnings ?The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.What is retained earning with example?22 October 2020 The total profits left over after a corporation pays dividends to its shareholders are known as retained earnings. These funds might be put back into the company by, say, buying new machinery or paying off debt.How do I calculate retained earnings?In order to compute retained earnings, first discover the common stock line item on your balance sheet. Then, take the total stockholder equity and remove the amount for the common stock line item (if the only two items in your stockholder equity are common).Learn more about retained earnings here:
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The activity known as _____________ entails identifying and thereafter attempting to satisfy the needs/solve the problems of pre-specified segments of prospective or actual customers.
The activity known as Target marketing entails identifying and thereafter attempting to satisfy the needs/solve the problems of pre-specified segments of prospective or actual customers.
What is Target marketing ?Target marketing involves focusing on the potential customer of a particular product and convince them to make a purchase,
In this case, he activity known as Target marketing entails identifying and thereafter attempting to satisfy the needs/solve the problems of pre-specified segments .
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The activity known as Target marketing
What is Target marketing ?
Target marketing is the marketing of products and services to a specific group of customers sharing similar economic characteristics. companies employ this strategy to increase sales of their products.
Hence we can conclude that The activity known as Target marketing
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Blackzim Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady but might be growing. According to the BCG growth matrix, Blackzim is a
Your question is incomplete. please read below to find the full content.
Blackzim Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady but might be growing.
The following statement should be considered a true statement regarding product categories:
The list of the product & services should be filtered.
The existed category or the new product category added should be prescribed.
The name in the product category should be added for purchase or sales transactions.
The following information related to the product is:
It is a tangible product that can be seen and touched i.e. computer, or furniture.
It can be an intangible product also that cannot be seen or touched i.e. goodwill, services, etc.
Therefore we can conclude that the above statements should be relevant.
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A national fast food franchisor filed an action against one of its franchisees, alleging breach of contract. Both parties are corporations. The franchisor alleged that the franchisee had failed to pay the franchisor the requisite percentage of the franchisee's profits as required by the franchise contract. The franchisor timely served on the franchisee corporation a notice of deposition, which named the franchisee corporation as the deponent and which stated that the deposition would inquire into the accounting methods and accounting records of the franchisee corporation. How should the defendant franchisee corporation respond to the fact that the notice of deposition does not name a person to be deposed
The defendant franchisee corporation should respond to the fact that the notice of deposition does not name a person to be deposed by "designating a person who will testify on its behalf about its accounting methods and accounting records".
What is meant by defendant franchisee?The entity or person accused of committing a wrongdoing is known as the Defendant.
The notice of deposition is - "a document directing a witness to appear to answer questions under oath". The notice includes a time and place where the examination is to occur. The notice is sent to all parties in a lawsuit so that everyone involved has been given notice of the event.
For the given case-
The franchisee corporation must choose a witness who will speak on its behalf while testifying about its accounting practices and records. A party may identify the organization in the notice of deposition and specify with reasonable particularity the topics to be covered. The organization should then choose witnesses to give testimony on its behalf.To know more about the deposition, here
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When attracting new clients, which of the following is the most effective way for a trainer to find new prospects? Post on social media Hand out flyers at the grocery store Get referrals from clients Hire an advertising firm
Option 4. When attracting new clients the most effective way would be to Get referrals from clients.
How does referrals help to get client?The people that have been able to get an efficient service from you would have to put in word to others.
This would help to convince these people to make use of the service of the trainer.
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According to the basic quantity equation of money, if price and output fall while velocity increases, then: the quantity of money will rise. the quantity of money will fall. the quantity of money will rise before it falls. the quantity of money will rise slowly.
The quantity of money will fall.
According to the quantity theory of money, the overall price level of goods and services in an economy is proportional to the money supply, assuming that the level of actual output is constant and velocity of the money is constant.
The same dynamics that drive the supply and demand of any product also influence the supply and demand of money: an increase in money supply, in general, reduces the marginal value of money, reducing the purchasing power of one unit of currency.
Therefore, the correct option is the quantity of money will fall.
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Under MM with no taxes, as debt is Blank______ to capital structure, the cost of equity Blank______. Multiple select question. added; decreases removed; increases removed; decreases added; increases
removed; decreases; added; increases It means that when a debt is removed the cost of equity decreases and when a debt is added the cost of equity increases.
What is capital structure?
Capital structure is the specific mix of debt and equity utilized by an organization to fund its general tasks and development.
What is cost of equity?
The cost of equity alludes to two separate ideas, contingent upon the party in question. In the event that you are the investor, the expense of value is the pace of return expected on an interest in value. In the event that you are the organization, the cost of equity decides the necessary rate of return from a specific task or investment.
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Since the addition of Lunchables Brunchables, there have been high sales growth and profits. Which stage of the product life cycle does this reflect?
Growth stage of the product life cycle does this reflect.
What is the growth phase?The Growth stage, the second stage in the product life cycle, is crucial for many manufacturers because it helps a product take its place in the market, boost sales, and increase profit margins.
What occurs during the growth stage?Consumers have accepted the product on the market and are starting to genuinely buy in during the growth stage. That indicates that both demand and profits are rising, preferably consistently and quickly. The market for the product is expanding during the expansion stage, and competition is starting to emerge.
What is an illustration of a growth stage?For instance, the Tesla Model S is currently seeing growth. People still need to be persuaded that electric automobiles are reliable and useful. It gets easier to convince individuals who are more skeptical of new technology, like electric automobiles, when there are more electric charging stations and more people embrace them.
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The 1828 "tariff of abominations" originated with ______, but because it placed tariffs on other imports in order to win support from other constituencies, it raised the price of ______ and therefore lost the support of the group it had been intended to help.
The 1828 "tariff of abominations" originated with New England textile manufactures, but because it placed tariffs on other imports in order to win support from other constituencies, it raised the price of raw material and therefore lost the support of the group it had been intended to help.
In May 1828, the United States passed the Tariff of 1828, a particularly onerous protective tariff. Unexpectedly, the law succeeded despite being written such that Congress wouldn't approve it because it would harm both industry and agriculture.
Because of the impact it had on the economy of the South, it was derided as the "Tariff of Abominations" by its opponents in the region. Some imported commodities were subject to a 38 percent tax, and some imported raw materials were subject to a 45 percent tax.
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When negative externalities exist in a market, multiple choice 1 equilibrium output will be greater than the efficient price. equilibrium output will be greater than the efficient output. equilibrium price will be less than the efficient output. equilibrium output will be less than the efficient output.
(b)
Equilibrium output will be greater than the efficient output
Equilibrium output is the point where national income is equal to planned aggregate expenditure.Equilibrium output occurs where AD (Aggregate Demand)= AS (Aggregate supply)Equilibrium - It is that type of state where market demand and market supply are balanced.Disequilibrium- It is the opposite of equilibrium or when is not in the state of equilibrium position it is automatically considered as disequilibrium.Different types of equilibrium are as follows-Economic equilibriumCompetitive equilibriumGeneral equilibriumUnderemployment equilibriumLindahl equilibriumIntertemporal equilibriumNash equilibriumLearn more about this here-
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The team continued to provide high-quality CPR until the rapid response team arrived and relieved them. In which situations would the team stop performing CPR
The team will stop performing CPR when they are tired and exhausted this is to avoid them becoming casualty as well.
What is CPR?Cardiopulmonary resuscitation involves the given of air to an unconscious individual.
This can be done to make the individual gain consciousness especially in case of accident before the arrival of medical personnel.
Therefore, the team will stop performing CPR when they are tired and exhausted this is to avoid them becoming casualty as well.
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Sunland Company uses a perpetual inventory system. Its beginning inventory consists of 83 units that cost $56 each. During June, (1) the company purchased 248 units at $56 each on account, (2) returned 10 units for credit, and (3) sold 206 units at $83 each on account. Journalize the June transactions.
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
Item 2:Debit : Merchandise $560.
Credit : Accounts Payable $560.
Item 3:Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
What is meant by inventory system?A supply chain's full stock, supplies, and sales are tracked using an inventory system. Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.What is inventory system with example?All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.What is inventory system and methods?The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.There are generally two types of inventory control manual and perpetual. You must routinely perform physical counts of inventory when using manual inventory control.What is the purpose of inventory?Keeping a steady supply of goods on hand for activities is inventory's primary purpose. Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.Learn more about inventory system here:
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Jordan Baker, a top manager at Westinghouse, has recently been put in charge of a new multi-million dollar project. She selects several individuals to participate in this effort and assigns each certain tasks to perform. Furthermore, she has set up a group hierarchy and indicated that all decisions must be routed through this chain of command. Jordan is exhibiting which leadership style
Jordan is exhibiting an Autocratic leadership style.
An autocratic management style is one in which just one person makes decisions and solicits little feedback from the rest of the group.Autocratic leaders do not consider the opinions or ideas of their staff when making judgments or choices; instead, they act according to their own beliefs. Authoritarian, directive, or monothetic are further terms for the autocratic leadership style.The majority of the time, an autocratic leadership style can be detrimental since it can cause group members to feel uncomfortable and fearful of the leader's power. The group members may become demoralized since they are unable to share their thoughts or apply their knowledge or skills in certain situations because the autocratic leader makes decisions on his own with little to no involvement from the subordinates.What is a disadvantage associated with the participative style of leadership?They developed a democratic leadership style through their study, which is now known as the participative leadership theories. However, there are drawbacks to participative leadership, including longer decision-making times, a decreased effectiveness with inexperienced personnel, and potential risks associated with information sharing.What is participative leadership and how will the leader benefit from this?An organization that uses participatory leadership reaps a variety of advantages.You may increase employees' awareness, encourage their contributions, and boost their morale by incorporating them in business decisions.Continue reading if you think your workplace would benefit from this.Learn more about participative style of leadership here:
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If the price of hand calculators falls from $10 to $9 and, as a result, the quantity demanded increases from 100 to 125, then Multiple Choice demand is price inelastic. demand is unit elastic with respect to price. demand is price elastic. not enough information is given to make a statement about elasticity.
If the price of hand calculators falls from $10 to $9 and, as a result, the quantity demanded increases from 100 to 125, then "demand is price elastic".
What is elastic demand?A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment.
When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic.
Some properties of price elastic demand are-
If the amount demanded of a product changes more than proportionally as its price rises or falls, it is said to be elastic. In contrast, a product is said to be inelastic if changes in price have minimal effect on changes in quantity demanded.There is a quantity effect that results in fewer units being sold when the price of an elastic good rises, which lowers revenue. The quantity demanded is less responsive to a change in price the lower the price elasticity of demand.There are three main types of price elasticity of demand:
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The legal mechanism for evaluating the existence of an incentive for a person's promise to establish a binding contract and acts as a receipt of a legal benefit or the suffering of a legal detriment is ________. Group of answer choices accord and satisfaction novation collusion consideration reversion
The suffering of a legal detriment is consideration.
What is consideration explain with example?The term "consideration" refers to anything of value that is promised by one party to the other when entering into a contract.For instance, if A forms a contract with B to purchase a car from B for $5,000, A's consideration is the $5,000, and B's consideration is the car.What is a consideration in business?Consideration in business can signify one of two things. Either it is the same as payment, or it is a contractual exchange of promises made by both parties to benefit from the agreement. The definition we will be talking about today is the second one. In this sense, consideration must have actual worth.What is consideration and its type?Consideration is divided into two categories When the promise has not been fulfilled when it should have been within the parameters of the contract.
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In the tradeoff between freedom, order, and equality, ____________ favor freedom the most, while _____________ favor equality the most.
Answer:Liberal and Conservative
Explanation:
Liberal and Conservative
What is liberalism ?The principles of individual rights, freedom, consent of the governed, political equality, and equality before the law form the foundation of liberalism, a political and moral philosophy. Depending on how they interpret these guiding ideas, liberals hold a variety of positions.
The majority of them do, however, favor private property, market economies, individual rights (including civil and human rights), liberal democracies, secularism, the rule of law, economic and political freedom, freedom of speech and the press, freedom of assembly, and freedom of religion. It is usually stated that liberalism is the dominating ideology of our day.
In the Age of Enlightenment, liberalism emerged as a distinct movement and gained acceptance among Western philosophers and economists. Representative democracy and the rule of law were to take the place of the hereditary privilege, state religion, absolute monarchy, monarchs' divine right, and conventional conservatism norms.
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Studies show that countries that have independent central banks, such as the Federal Reserve Bank, compared to those that have little or no central bank independence, have lower average rates of ______.
Studies show that countries that have independent central banks, such as the Federal Reserve Bank, compared to those that have little or no central bank independence, have lower average rates of inflation.
The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics.
In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
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What type of plan should be in place in the event an employee or leader needs to be replaced?.
An emergency succession plan should be in place in the event an employee or leader needs to be replaced.
What is an emergency succession plan?This is the type of plan that helps to appoint a successor to a role in the work environment.
This is the type of plan that helps to designate roles and also appoint other persons to fulfill them.
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______ are designed to supplement personal selling, advertising, public relations, and other promotional efforts by creating enthusiasm for the overall promotional program.
Promotion tools are designed to supplement personal selling, advertising, public relations, and other promotional efforts by creating enthusiasm for the overall promotional program.
A public project means a project planned or implemented by a city or government agency for the construction, reconstruction, maintenance, repair, improvement, or another public purpose of a public facility.
Government Procurement Regulatory Authority (PPRA) means the agency responsible for overseeing government procurement.
Public Property means property provided in a federal, state, local, or irrevocable manner within the scope of IA No. 2002-1 used for right of way or other purposes. However, counties or other public institutions are rented from public institutions to private companies, and assets subject to tax under Section 53340.1 of the Act are taxed and classified according to their use.
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During its first year of operations, Martinez Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,800 shares for cash at $6 per share. July 1 Issued 54,000 shares for cash at $8 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share.
Journalize the transactions par value of $6 per share is, 108000 and no-par with a stated value of $3 per share is, 270000.
What does common stock mean?A security that symbolizes ownership in a firm is called common stock.Common stock owners choose the board of directors and cast ballots for corporate rules.Long-term rates of return are often higher with this type of stock ownership.What is an example of a common stock?For instance, investors will receive $0.50 for each ordinary share they own if a corporation announces a dividend of $10 million and has 20 million shareholders.According to the question:
(a) Journalize the transactions, assuming that the common stock has a par value of $6 per share.D: Cash 154800.
C: common stock 154800.
D: Cash 432000.
C: Common stock 324000.
C: Paid-in Capital in Excess of Par Value-Common Stock 108000.
(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share.D: Cash 154800.
C: Paid-in Capital in Excess of Stated Value-Common Stock 77400.
C: Common Stock 77400.
D: Cash 432000.
C: Common Stock 162000.
C: Paid-in Capital in Excess of Stated Value-Common Stock 270000.
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Candice is managing the recruitment process for open positions at her law firm. What is the best way for Candice to identify a pool of qualified applicants
Analyze the job/position and evaluate and select both external and internal candidates based on job specifications.
How are people recruited in law firms?The pursuit of wealth is not the primary goal of the profession of law. A profession is undoubtedly a means of support, but it differs from a trade-in that it must be followed for the love of the activity.
Lawyers who work in law firms must become well-versed in business and the commercial sector. It is crucial for someone who wishes to work for a law firm to gain a commercial understanding of how the industry operates.
Consider a scenario when a large business industry hires a certain lawyer or law firm; the business house will think that the hired lawyer is not only familiar with the laws pertaining to the business but also with the business. Therefore, knowing how business works improves one's chances of getting a job in a law firm.
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The price of lemonade is $0.50; the price of popcorn is $1.00. If Fred has maximized his utility by purchasing lemonade and popcorn, his marginal rate of substitution will be:
2 lemonades for each popcorn will be the answer.
Utility maximization is the concept by which individuals and organizations seek to achieve the highest levels of satisfaction with their financial decisions. The utility function measures the intensity at which a person's achievements are achieved.
If a consumer wants to maximize total utility, for every dollar he spends, he should spend it on items that bring the maximum marginal utility per dollar spent.
When multiple products are selected, the condition for maximizing utility is for the consumer to balance marginal utility per pound. The utility maximization conditions are as follows: MUA / PA = MUB / PB Where MU is marginal utility and P is price.
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If Toys R Us and FAO Schwartz decided to join to form one company this activity would be called a(n)
Which regulatory act created seven Regional Bell Operating Companies (RBOCs) from 22 former Bell Operating Companies (BOCs)
The regulatory act is 1982 Modified Final Judgement (MFJ)
1982 Modified Final Judgement (MFJ) regulatory act created seven Regional Bell Operating Companies (RBOCs) from 22 former Bell Operating Companies (BOCs).
Regional Bell operating company (RBOC) is the term used to describe one of the U.S. regional telephone companies formed as a result of the December 31, 1983, breakup of American Telephone and Telegraph Company (AT&T, also known as the Bell System or "Ma Bell") by a U.S. Federal Court consent decree. Ameritech, Bell Atlantic, BellSouth, NYNEX, Pacific Bell, Southwestern Bell, and US WEST were the seven original regional Bell operating businesses.
Therefore, the answer is 1982 Modified Final Judgement (MFJ)
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Because accepted practice for establishing rapport, greetings, and even the exchange of business cards can vary widely around the world, the Blank______ stage of the personal selling process requires special attention in international sales.
Because accepted practices for establishing rapport, greetings, and even the exchange of business cards can vary widely around the world, the approach stage of the personal selling process requires special attention in international sales.
Stages in International SalesBefore facing the challenges of international sales, the home market is frequently an excellent setting for testing products and optimizing performance. It can also serve as a reliable performance indicator. But occasionally, this step in the export procedure serves absolutely no use.When businesses start doing business abroad, they frequently choose a nation that resembles their own in terms of language, financial structures, legal and economic systems, or culture.It is recommended to start off cautiously by market-testing before establishing an export strategy. With the help of a graded plan, a new exporter can gain first-hand experience in a market without taking unneeded or excessive risks.The business may decide to increase its presence in the target market if sales are strong, earnings are encouraging, and opportunities are good.
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Write the answer in the empty income statement
The income statement net income is $61,305.
Income statement
Income statement for the year ended December 31 2020
Revenue:
Fees earned $74,175
Commission earned $42,590
Total revenue $116,765
Expenses:
Car expenses $13,600
General expense $3,985
Postage expense $415
Rental expense $7,640
Wages expense $29,820
Total expenses $55,460
Net income $61,305
($116,765-$55,460)
Therefore the income statement net income is $61,305.
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Writing the net income in an Income statement sheet for Compu-Paris Inc. for the year ended December 31, 2020, is as follows:
Compu-Paris Inc.
Income statementFor the year ended December 31, 2020
Revenue:Fees earned $74,175
Commission earned 42,590
Total revenue $116,765
Expenses:Car expenses $13,600
General expense 3,985
Postage expense 415
Rental expense 7,640
Wages expense 29,820
Total expenses $55,460
Net income $61,305
What is an income statement?An income statement is a financial statement that summarizes an entity's revenue and expenses to determine the net income.
Also called an income summary, it determines the entity's financial performance for a financial period.
Thus, Compu-Paris Inc.'s income statement shows that it earned a net income of $61,305 for the year ended December 31, 2020.
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The value principle of ______ is the basis of the income approach to appraisal. Unset starred question Anticipation Capitalization Competition Substitution
The value principle of Anticipation is the basis of the income approach to appraisal.
What is the principle of anticipation ?The principle of anticipation to know the worth or amount of a property or assets. This is done using the income of the individual to know the value of the property and the future benefit or worth.
Therefore,
The value principle of Anticipation is the basis of the income approach to appraisal
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The market growth rate index is measured by Group of answer choices average growth rate in commercial energy average growth rate in GDP. average growth rate in commercial energy real growth rate in GDP.
the average growth rate in commercial energy real growth rate in GDP is the answer.
Gross domestic product is a monetary measure of the market value of all final goods and services produced by each country during a particular period of time.
GDP measures the monetary value of final goods and services produced in a country during a specific time period (for example, quarter or year), that is, those purchased by the end consumer. It counts all the electricity generated within the boundaries of the country.
We know that GDP in the economy is the monetary value of all final goods and services produced. For example, let's say Country B produces only bananas and back love. Figure%: Goods and Services Produced in Country B In the first year, we will produce 5 bananas worth $ 1 and 5 black labs worth $ 6, respectively.
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The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn Diamonds
United States
60 10
Congo
20 5
Which fraction represents the opportunity cost for the United States to produce corn?
A. 60⁄10
B. 10⁄60
C. 20⁄5
D. 5⁄20
Based on the units of corn and diamonds produced by the United States, the opportunity cost of producing corn is B. 10⁄60.
What is the opportunity cost of producing corn?The opportunity cost of producing corn to the United States would be the number of diamonds that are given up to make one unit of corn.
This can be found as:
= Units of diamonds / Units of corn
= 10 / 60 diamonds
In conclusion, option B is correct.
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Answer:
B. 10⁄60
Explanation:
Took the test and got it right.
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Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to assist managers with decisions
The extended ERP component that collects information throughout an organization and evaluates it is called Business intelligence.
What is business intelligence?This is the component of Enterprise Resource Planning (ERP) that deals with collecting information from the entire organization.
This information would then be organized and prosessed after which it will then be used to guide the decisions of management.
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