Answer:
d. $920 increase liabilities, increase expenses
Explanation:
The journal entry is given below:
On March 31
Interest Expense Dr. $920 ($92,000 × 4% × 3 ÷ 12)
To Interest Payable $920
(being interest expense is recorded)
Here interest expense is debited as it increased the expense and credited the liabilities as it also increased the liabilities
Therefore the option d is correct
You have performed the calculations for 2019, so now you move on to 2020. to return average contributions in 2020 (contributions 2020), you use the avg function. you use the following section of a sql query to find this average and store it in the avglinetotal variable:
AVG(contributions_2020) AS AvgLineTotal
- True
- False
The appropriate SQL statement is AG (contributions- 2020) AS AvgLinetotal to retrieve the average contribution in 2020.
SQL stands for Structured Query Language. SQL allows you to access and edit databases. SQL was approved as a standard by the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) in 1986.
The records of a database table are obtained using a SQL SELECT statement in accordance with clauses that establish criteria (such as FROM and WHERE). In terms of syntax, consider the following query: SELECT column1 FROM table1 AND column2 FROM table2 WHERE column2='value';
SQL commands are the instructions required to interact with a database in order to perform operations, functions, and queries on data. SQL commands can be used to search the database and to create, add data to, edit, and remove tables, among other things.
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Raj, who is single and itemizes deductions, provides you with the following information from her financial records for 2021. Compute Raj's AMTI. Regular income tax liability $104,044 AMT positive adjustments 33,000 AMT preferences 75,000 Taxable income 370,000 O a.$0 O b. $368,600 O c. $404,400 O d. $478,000 O e. $490,000
D) AMTI of Raj. $478,000. Regular income tax. By the end of 2022, the personal income tax rate in the Philippines is expected to reach 35.0%.
A tax imposed by the government on an individual or business's income is known as an income tax. The various tax divisions are subject to the same tax rate. Taxes can be either direct or indirect.
Particular Taxable Earnings: 370,000
Add: 33,000 additional positive AMT
adjustments Raj's AMTI is valued at $478,000,
so, AMT prefers 75,000.
Pay from pay is the amount of Essential compensation + HRA + Exceptional Remittance + Transport Recompense + some other stipend.
What does income tax mean?Individuals (or families) and businesses alike pay an income tax. The amount of income received is used to calculate individual income tax. Since it is likely borne by those who pay it, it is typically categorized as a direct tax.
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Allocating total project costs for the various elements to the appropriate work packages will establish O the committed costs for the work package, O the anticipated expense for the work package, O how to apply resources to the work package, O a total budgeted cost (TBC) for each work package.
Allocating total project costs for the various elements to the appropriate work packages will establish b) the anticipated expense for the work package.
The expected expenditures for all the activities are added up to create the project budget. To construct a time-phased baseline budget that is used to evaluate the project's cost performance, the budget must then be divided across the anticipated duration of the project.
Once the project has begun, it is crucial to keep an eye on actual costs and the gained value of the job done. It might not be possible to predict the expenses for all activities at the outset of the project. In particular, this is valid for longer-term projects.
While estimating the costs for immediate operations may be simpler, as the project moves forward, the project team can gradually develop the projected costs as more knowledge or clarity becomes available to allow for more accurate estimated costs..
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Suppose the Economics Department has a graduation party for its students but as a final test they must show they have learned something about trade. The men are given food when they walk in and the women are given drink. Suppose they have very different preferences where food and drink provide utility. For men U = F^a D^b. For women U=min(F, D) The contract curve in the Edgeworth box using a representative man and woman would be O a right angle connecting the lower left corner with the upper right corner.
O a curve (not necessarily a line) connecting the lower left corner with the upper right corner. O a line connecting the lower left corner with the upper right corner. O a right angle connecting the upper left corner with the lower right corner
linking the lower left and upper right corners with a curve (not necessarily a line).
Which of the following does not, in the short run, define perfect competition?A trait of perfect competition is not product differentiation. The traits of perfect competition are price-taking, buyer freedom of entry and exit, and a sizable number of buyers and sellers.
Is perfect competition effective and beneficial in the near term?Perfect markets are not always efficient or productive in the near term. But as new businesses enter the market, long-term productive efficiency is attained. Price and cost are lowered to the minimum of typical long-term costs as a result of increased competition.
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Net cash flows from operating activities uses information from all of the following sources, except _____.
A. income statement
B. current assets section of the balance sheet
C. stockholders' equity section of the balance sheet
D. current liabilities section of the balance sheet
Option (c), Except for the stockholders' equity part of the balance sheet, all of the following sources are used to calculate net cash flows from operating activities.
How much operating cash flow does the company produce as a net flow?Cash flow from operating activities is the revenue an organization generates from ongoing, regular business activities like creating and distributing items or providing clients with services (CFO). In a corporation's cash flow statement, it is shown as the first section.
The net cash flow from operational activities of a business tells us how much more money is entering or leaving its operations. Both changes to non-cash items and to net income are included in this (sales less any expenditures, such as cost of goods sold, depreciation, and taxes, among others).
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If the us utilized a managed float exchange rate system, the central bank of the us may attempt to dampen (slow down) the us. economy by the dollar. such an adjustment in the dollar's value should the us consumer's demand for products produced by major foreign countries
Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by weakening the dollar. Such an adjustment in the dollar's value should decrease the U.S. demand for products produced by major foreign countries.
By making adjustments to the value of the dollar, the central bank may be able to dampen the US economy by decreasing the demand for foreign products.
This would be done by making the dollar stronger compared to other currencies and thus making imports more expensive for US consumers. This would decrease demand for foreign products and could lead to a reduction in the US economy.
Additionally, if the US central bank makes the dollar weaker, foreign products would become cheaper, which could increase demand and stimulate the US economy. In either case, the managed float exchange rate system can be used to control the US economy by adjusting the value of the dollar.
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Complete question:
Under a managed float exchange rate system, the Fed may attempt to stimulate the U.S. economy by ____ the dollar. Such an adjustment in the dollar's value should ____ the U.S. demand for products produced by major foreign countries.
The range for the right hand side of the constraint show the limit within show the value of the RHS can be changed without changing the value of
Side is the constraint's right-hand side; The amount you can increase the right side of the constraint without changing the basis is known as the allowable increase.
The amount you can reduce the right side of the constraint without changing the basis is shown by the allowable decrease.
Which of the following is true when a constraint's slope is altered by changing its RHS?A constraint's slope can be altered by changing its RHS. In the optimal solution, a constraint of less than or equal to with positive slack will always have an infinitely small RHS decrease.
What are the ranges on the right side?The range over which a single right-side value can fluctuate without altering the optimal solution's foundation is referred to as the right-side ranges. The shadow prices and reduced costs' values are guaranteed to remain unchanged within these ranges on the right-hand side.
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FILL IN THE BLANK in macroeconomics, ____ denotes the relationship between the total quantity of goods and services and the price level for output.
In macroeconomics, aggregate demand (AD) denotes the relationship between the total quantity of goods and services and the price level for output.
Given a fixed input price, what connection does the total supply indicate?Assuming that the price of inputs remains constant, aggregate supply (AS) refers to the link between the overall amount and price level of output that businesses choose to generate.
What term is used in this situation to describe the greatest amount that an economy can produce?The maximum amount of products and services that an economy can produce at its peak efficiency, or when it is operating at capacity, is known as potential output. Potential output is frequently referred to as the economy's production capacity.
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_____happens when investors try to take advantage and profit from situations
where two identical or nearly identical assets have different rates of return
Arbitrage happens when investors try to take advantage and profit from situations.
The phenomenon that occurs when investors try to take advantage and profit from situations where two identical or nearly identical assets have different rates of return is known as arbitrage. Arbitrage is essentially a risk-free investment strategy that involves taking advantage of a price discrepancy between two or more markets.
In this type of transaction, an investor buys the asset in one market at a lower price, then immediately sells it in another market at a higher price, resulting in a risk-free profit. This type of transaction requires very fast and efficient execution to ensure that the price discrepancy remains and that the profit is realized.
As such, arbitrage is often used by sophisticated investors and financial institutions, as it requires deep knowledge of the markets and the ability to act quickly.
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Several techniques can be used to obtain an indication of value. The cost approach to valuation would most likely be used for which of the following properties?
a. One-family residential property.
b. Retail office space.
c. Education facility.
d. High-rise apartments.
e. Office buildings.
Option C, Education facility. The cost technique produces a value indication that is the total of the expected land value, the depreciated cost valuation of the building, and the cost of other modifications.
A real valuation method known as the "cost approach" predicts that a buyer should pay an amount for a piece of property that is equal to what it would cost to construct a structure of similar value size. According to the cost technique, the valuation of the property is determined by adding the land cost to the total building expenses, less depreciation. Any valuation structure primarily used for Education facility, including one that houses a school, a training program value, or a course of instruction, is referred to as an educational facility.
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relevant financial information for gordon, inc. and jordan, inc. for the current year is provided below. ($ in millions) gordon, inc. jordan, inc. net sales $ 3,280 $ 6,540 net income 118 132 total assets, beginning 1,420 2,230 total assets, ending 1,600 2,020 based on these data, which of the following is a correct conclusion?
Asset Turnover is 2.2 times for Gordon and 3.1 times for Jordan.
Gordon Inc Jordan Inc
Net sales 3280 6540
Average Assets= (Beginning Assets+Ending Assets)/2 1510 2125
Asset Turnover = (Net Sales/Average Assets) 2.2 3.1
An asset, in enterprise phrases, is the aid of a price that you very own or rent that allows you to run your commercial enterprise. those sources can be tangible items inclusive of computer systems and petty cash, or non-bodily things along with goodwill, recognition, and logo. An enterprise asset is an item of value owned through an enterprise. enterprise belongings span many classes. They can be physical, tangible goods, including motors, actual property, computer systems, office furnishings, and other furnishings, or intangible gadgets, which include intellectual belongings.
By retaining correct asset statistics on your enterprise balance sheet, you may: show the profitability and the financial position of your business. create correct earnings and loss reporting. increase goodwill and advantageous attitudes toward your commercial enterprise. consequently, employees are the maximum treasured assets an employer has. it is their abilities, knowledge, and experience that cannot get replaced. So, going ahead, groups want to vicinity emphasis and importance on the contribution that employees that they've so as to propel themselves in advance.
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Assume that the government receives one million dollars in tax revenue and spends 1.2 million dollars on its programs in tax expenses. This is an example of budget _____.
This case of the government is an example of budget deduction.
What is a budget?A budget is a calculation for a set period of time, usually a year or a month, usually with a financial component but not always. A budget could incorporate anticipated sales volume, revenues, and costs in addition to other environmental effects like greenhouse gas emissions, assets, liabilities, and cash flows. Budgets provide organizations like enterprises, governments, families, and other social groups with a quantifiable means of expressing their overall plans of action. A budget lists planned expenses as well as ideas for how to pay for them. When spending exceed income or other available resources, a budget may show a surplus of resources that can be used in the future or a deficit. A budget is a summary or plan of the resources and costs that a government expects to incur.
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Equipment was acquired on January 1, 2024, for
$24,000
with an estimated four-year life and
$1,000
residual value. The company uses straight-line depreciation. Which of the following entries would be used to record the sale of the equipment for
$7,300
on December
31,2026?
Cash$7,300
Depreciation Added Up $10,875
24 000 $ for equipment
Briefing:-Gain $875
Annual Depreciation = (24,000-$1,000)/4 = 5750
Depreciation over time equals 5750 x 3 to 17250.
24000/17250 Equals 6750 in terms of book value.
Gain on sale: (7,300 - 6,750) = 550
Definitions and examples of equipmentAn item that can be touched and used for many years, equipment is a physical long-term asset that helps a firm. Equipment includes things like computers, vehicles, and industrial machines. They are physical objects, unlike intangible assets (such patents, trademarks, or copyrights) which lack a physical form, making them tangible.
What kinds of equipment are there?agricultural machinery equipment list for agriculture.
audio apparatus.
camping supplies.
financial machinery.
equipment for cricket.
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The inflation tax:a. Is an alternative to income taxes and government borrowing,b. Taxes most those who hold the most money,c. Is the revenue created when the government prints money,d. All of the above are correct.
All the above are correct. The term "inflation tax" does not relate to a formal tax paid to the government; rather, it refers to the penalty for holding money during a period of high inflation.
The inflation tax is not a government-imposed tax; rather, it is a natural occurrence caused by sustained price increases and currency depreciation. The Inflation Tax is made up of two parts:
The buying power of an economy's money supply.The effect of unanticipated inflation on government debt.Inflation taxes both investment "income" and interest, as opposed to nominal profits or nominal interest rates. This means that if a person purchases a bond with an interest rate of 8% and an inflation rate of 4%, he or she will earn the "Real" interest rate of 4%.
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Refer to Exhibit 2-9. If Alex and Adam each specialize in the good in which he has a comparative advantage and then engage in trade, ____________________ can consume a combination of goods that lies beyond his PPF (Production Possibilities Frontier).
Group of answer choices
Alex, but not Adam,
Adam, but not Alex
Alex and Adam
neither Alex nor Adam
Alex and Adam can consume a combination of goods that lies beyond his PPF (Production Possibilities Frontier), so option C is correct.
What is PPF?The graph known as the Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use.
The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity. For instance, if a business creates a new technology that can speed up the production of cheese, the output will likewise rise.
As long as the other production factors stay the same, this increase in production will cause the curve to move outward. On the other side, the curve can also turn inwards when there is a recession.
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Alan is a general partner in ADK Partnership. His partnership Schedule K-1 reports $50,000 ordinary business income, $22,000 guaranteed payment, $5,000 long-term capital gain, and $400 dividend income. Which of there items are subject to self-employment tax?a. ordinary incomeb. ordinary income and guaranteed paymentc. ordinary income, guaranteed payment, long term capital gaind. all income reported on schedule k-1
The correct option (B) ordinary income and guaranteed payment. Guaranteed payments are considered ordinary income to their recipient (the payee).
What is subject to self-employment tax?Mostly levied on those who work for themselves. It is comparable to the Social Security and Medicare taxes that are deducted from most wage employees' paychecks.
The self-employment tax rate is determined by legislation as a proportion of your net self-employment income. This rate is made up of Medicare taxes of 2.9% and Social Security taxes of 12.4%.
The amount of self-employment tax that business owners must pay is determined by your company's annual net revenue. Increasing your costs linked to your business is the only surefire approach to reduce your self-employment tax. Your net business income will decrease as a result, and your self-employment tax will also decrease.
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When they act as a profit-maximizing cartel, each company will produce ___________ cans and charge $____________ per can. Given this information, each firm earns a daily profit of $____________, so the daily total industry profit in the beer market is $ ___________.
At first, the two businesses agree to produce half the amount that maximizes totaling Imagine Mays now decides to end the collusion and raise its productivity.
What is Beer-brewing businesses Mays and McCovey?
A duopoly exists between the beer-brewing businesses Mays and McCovey (two-firm oligopoly). A beer can's daily marginal cost (MC), which is always $0.80 per can, remains constant.
Assume that neither firm has beginning expenses, in which case the average total cost (ATC) for each firm equals the marginal cost.
Why do you use the term marginal cost?
When we talk about the marginal cost, we're talking about the rise in production costs brought on by the creation of more product units. A different name for it is the marginal cost of production.
Businesses may evaluate how cost and, ultimately, earnings are influenced by volume output by calculating the marginal cost.
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Because pedro is always well groomed and dressed nicely you assume that he is also a skilled salesperson because you associate looking professional with good sales skills. selective perception the contrast effect first impression bias the halo effect
You assume that Pedro is a skilled seller since he is consistently well-groomed and dressed neatly because you connect professional appearance with effective sales techniques.
What do you mean by sales?In a sale, two or more parties trade goods or services for money or other assets. In the financial markets, a sale is an agreement between a buyer and a seller regarding the price of a security and its delivery for a predetermined amount. Sales are exchanges of a product, service, or delivery for money. It comprises helping potential clients or consumers find what they're looking for by paying attention to or comprehending their needs and goals.
What is sales in business?The term "sales" is used to describe all actions taken in order to sell a good or service to a customer or business. However, in actuality, it symbolizes much more. Finding prospects, building relationships, and providing customers with solutions all require a lot of labour in order to close a transaction successfully.
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In which order do the following steps in the private equity fund and venture capital fund investment process normally occur?
1. Valuation
2. Deal structure
3. Value creation
4. Deal flow
5. Exit
The order is deal flow, valuation, deal structure, value creation and exit in private equity fund and the venture capital fund investment process normally occurs.
What is venture capital?Venture capital is a type of private equity financing offered by venture capital funds or organizations to startups, early-stage, and developing businesses that are thought to have a high potential for growth or that have already shown strong growth. In exchange for equity, or an ownership stake, venture capital firms or funds invest in these start-up businesses. An early "seed fundraising" round is followed by the conventional venture capital investment. The goal of venture capitalists who provide this financing is to profit from an eventual "exit" event, such as the company selling shares for the first time to the general public in an initial public offering (IPO) or selling shares as part of a merger to a different company or financial buyer in private equity.
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The economy consists of two consumers, Hubert and Eileen. They have ordered a pizza and are deciding how to divide it between themselves. They have brainstormed a few solutions, and now they want to consult an economist to determine if their solutions are efficient and fair. Assume that a pizza consists of eight slices, and the more pizza Hubert and Eileen eat, the happier they are.
One of their solutions is for Rajiv to take the entire pizza and devour it himself, leaving nothing for Yakov. An economist would say this solution is O neither efficient nor fair O efficient and fair O fair but not efficient O efficient but not fair
One of their solutions is for Hubert to take the entire pizza and devour it himself, leaving nothing for Eileen. An economist would say this solution is neither efficient nor fair. This is related to Macroeconomics.
Economics is a social science that has practitioners and professionals. Macroeconomic analysis, microeconomic analysis, financial statement analysis, mathematical finance, and philosophical economics are just a few of the many sub-fields that fall under this umbrella. The person can also research, develop, and use economic ideas and concepts, as well as write about economic policy. These subfields employ analytical techniques and tools such econometrics, statistics, financial economics, mathematical economics, and economic computational models.
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net primary productivity is lowest in which of the following? group of answer choices tertiary consumers secondary consumers primary consumers primary producers
Net primary productivity is lowest in primary consumers among other group of choices.
Why is it referred to as a consumer?A person is referred to as a consumer if they buy goods or services for their own use rather than for manufacturing or resale. A customer is someone who makes the choice of whether or not to purchase a product at the store or someone who is influenced by marketing and advertising.
The importance of the consumerAll goods are mostly in demand from consumers. Producing different goods in response to market demand is done by both industrial and agricultural product manufacturers. Prof. Marshall contends that the demand governs the market or production.
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FILL IN THE BLANK organizations that are formed to offer services to clients and not make a profit are______ , whereas, ____ are those organizations that are formed to make money, or profits, by offering products or services.
Organizations with a profit; nonprofit organizations.
What kind of business is a non-profit, for instance?The Red Cross, United Way, and Habitat for Humanity are a few well-known charities. There are many different kinds of not-for-profit organizations, but the 501(c)3 is the most typical. Being a 501(c)3 has a number of advantages, including: a tax break from the federal government.
What kind of business is a nonprofit?A nonprofit organization is one that works to advance a social cause or support a common goal. Because they serve the public, nonprofits are excluded from taxation by the IRS, and they are obligated to disclose financial information to guarantee that donations are used only to advance the nonprofit.
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The balance sheet for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets: Current assets: Cash $ 141,800 $ 154,300 Accounts receivable 77,600 91,500 Inventory 94,000 79,100 Prepaid rent 3,800 1,900 Long-term assets: Land 475,000 475,000 Equipment 774,000 665,000 Accumulated depreciation (427,000) (266,000) Total assets $ 1,139,200 $ 1,200,800 Liabilities and Stockholders' Equity: Current liabilities: Accounts payable $ 98,000 $ 84,100 Interest payable 6,900 13,800 Income tax payable 7,800 4,900 Long-term liabilities: Notes payable 115,000 230,000 Stockholders' equity: Common stock 695,000 695,000 Retained earnings 216,500 173,000 Total liabilities and stockholders' equity $ 1,139,200 $ 1,200,800 Additional Information for 2018: 1. Net income is $68,000. 2. The company purchases $109,000 in equipment. 3. Depreciation expense is $161,000. 4. The company repays $115,000 in notes payable. 5 .The company declares and pays a cash dividend of $24,500. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
CASH FLOW STATEMENT: What Cash Flow Means Funds flow statements show the movement of incoming and exiting cash, according to the definition of a statement or statement of cash flows. This statement evaluates the company's capacity for both producing and using cash. This sentence is one of the tools for determining the enterprise's liquidity and solvency.
PLASMA SCREENS CORPORATION
Statement of Cash Flows
(For the Year Ended December 31, 2018)
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 68,000
Adjustments to reconcile net income to
net cash provided by operating activities:
Depreciation on Fixed Assets 161,000
(Increase) Decrease in Current Assets:
Accounts Receivables 13,900
Inventory (14,900)
Prepaid Rent (1,900)
Increase (Decrease) in Current Assets:
Accounts Payable 13,900
Interest Payable (6,900)
Income Tax Payable 2,900
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,36,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Equipment (1,09,000)
NET CASH USED IN INVESTING ACTIVITIES (1,09,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of Notes Payable (1,15,000)
Payment of Cash Dividends (24,500)
NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES (1,39,500)
NET INCREASE (DECREASE) IN CASH (12,500)
Cash Balance, December 31 2017 1,54,300
Cash Balance, December 31 2018 1,41,800
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Jon Oliver focused ona The lives of factory farmed chickensb The lives of the towns in which factory farms operatec The lives of the farmersd The lives of the environmental organizations
John Oliver discussed chicken, America's favorite cuisine. He focused his rant not on the welfare of birds, but on the treatment of America's chicken producers.
Despite those great statistics, according to Oliver, a surprisingly substantial number of those contract chicken producers live at or below the poverty level. When asked to comment on their destitute contract farmers, a spokeswoman for the National Chicken Council said, "Which poverty line are you talking to?" It doesn't matter, as Oliver pointed out, since "the poverty line is like the age of consent; if you find yourself analyzing precisely where it is, you've obviously already done something very, very wrong." Oliver then urged members of Congress to pass genuine legislation to protect chicken producers, followed by a call to action to edit their Wikipedia entries if they did not. Oliver then requested that members of Congress enact legislation.
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determine the trend percents for net sales using 2016 as the base year b. determine the 2016 and 2017 common size percents for cost of goods sold, using net sales as the base
To determine the trend percents for net sales using 2016 as the base year, you would need to know the net sales figures for 2016, 2017, and any other years you want to include in the analysis.
Once you have those figures, you can calculate the trend percent for each year by dividing the net sales for that year by the net sales for 2016, and then multiplying by 100.
For example:
2017 net sales = $120,000
2016 net sales = $100,000
2017 trend percent = (120,000 / 100,000) x 100 = 120%
So, the trend percent for net sales in 2017 is 120% compared to 2016 base year.
To determine the 2016 and 2017 common size percents for cost of goods sold (COGS), using net sales as the base, you would need to know the COGS figures for 2016 and 2017, as well as the net sales figures for those years. Once you have that information, you can calculate the common size percent for each year by dividing the COGS for that year by the net sales for that year, and then multiplying by 100.
For example:
2016 COGS = $60,000
2016 net sales = $100,000
2016 common size percent for COGS = (60,000 / 100,000) x 100 = 60%
2017 COGS = $68,000
2017 net sales = $120,000
2017 common size percent for COGS = (68,000 / 120,000) x 100 = 57%
So, the common size percent for COGS in 2016 is 60% and in 2017 is 57% respectively, using net sales as the base.
Please let me know if you have any further questions or information I can assist you with.
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Which of the following trends is best supported by the information in the table?
A. The number of treaties has decreased over time.
B. The number of executive agreements has increased over time.
C. The number of treaties has increased over time.
D. The number of executive agreements has decreased over time.
Over time, there have been more executive agreements. As a result, choice (B) is correct.
What are Executive agreement?An agreement between the heads of state of two or more countries is referred to as an executive agreement if it has not been approved by the legislature in the same way as treaties are ratified. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.
Executive agreements are only made by the President of the United States in this country. They are one of three methods by which the United States commits to legally binding obligations abroad.
Hence, option (B) is accurate.
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The City Council has adopted a minimum cash reserve policy. General Fund : 15-25% of next year's expenditures and preferably at the 20-25% level Refuse Fund: 20-30%, but no less than $500,000. Sewer Fund : 65-75%, but no less than $1,500,000. Street Fund : 20-30%, but no less than $1,000,000. Storm Water Fund : 10-20%, but no less than $200,000. Emergency Fund: $1 ,500,000 minimum. how is the city doing financially?
Governmental funds, such as the General Fund, Special Revenue Funds, Capital Projects Funds.
What is Governmental Funds and Fund Balance ?Debt Service Funds, and Permanent Funds, are characterized by a short-term or current flow of financial resources, a measurement focus, and an accounting basis that excludes long-term assets and long-term liabilities.
The distinction between the fund assets and fund liabilities of these funds is referred to as the fund balance, which is used to define the resources that amass in these funds.
The measure of net working capital used in private sector accounting is comparable to Fund Balance. By definition, long-term assets and long-term liabilities are not included in fund balance or net working capital.
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which of the following is not a provision of the public company accounting reform and investor protection act of 2002 (sarbanes-oxley)? the act:
Changed the entity responsible for setting accounting standards is not a provision of the public company accounting reform and investor protection act of 2002.
What is public company accounting reform and investor protection act of 2002?The Public Company Accounting Oversight Board is created by the Public Company Accounting Reform and Investor Protection Act of 2002 to impose penalties on registered public accounting firms and their affiliated individuals. Congress passed the Sarbanes-Oxley Act of 2002 in response to massive corporate fraud and failures. By establishing new auditor criteria and shifting accountability for the thorough and accurate management of financial reports, the legislation imposed new regulations for corporations. In order to safeguard investors and advance the public interest in the creation of relevant, accurate, and independent audit reports, the PCAOB is a nonprofit organization that Congress created to monitor the audits of public businesses.To learn more about company accounting reform refer to:
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which of the following is not a possible complication that prevents a firm from ordering at the economic order quantity level? A. A supplier offers a quantity discount.
B. A supplier places order quantity restrictions.
C. A supplier charges a fixed cost to place an order.
D. An area offers limited space to hold the inventory received from a supplier.
A supplier charges a fixed cost to place an order is the correct answer.
The economic order quantity (EOQ) is the amount of inventory that a business should order in response to changing market conditions while reducing overall ordering, receiving, and holding expenses.
The optimal circumstances for using the EOQ formula are those in which demand, ordering, and holding costs are stable across time.
The assumption that the demand for the company's products will remain constant over time is one of the key limits of the economic order quantity.
The EOQ formula's objective is to determine the ideal quantity of product units to order. If accomplished, a business can reduce the cost of purchasing, distributing, and storing units.
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Inventory records for Capetown, Incorporated revealed the following: Capetown sold 610 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Mutiple Choice $984. $1.157. $621. $763
Inventory records for Cape town Incorporated disclosed the following: Cape town sold 610 units of inventory during the month. Ending inventory assuming LIFO would be $734.
The information provided in the question is the beginning inventory of 490 units for $2.16 as of 1st April.
Also, they purchased 420 units for $2.63 on April 20.
570 units of inventory are sold during the month of April.
Under the LIFO method, the ending inventory is related to the first units mixed into the inventory.
Now, we need to find the number of units in inventory, to find the $ value of inventory at the year-end:
To calculate ending inventory units= total units for sale - units sold
Therefore the ending inventory units will be= (490 + 420) - 570= 340 units
Ending inventory ($)= 340*2.16= $734.4
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Complete question is:
Inventory records for Cape Town Incorporated stated the following: Date Transaction Number of Units Unit Cost April 1. Beginning inventory 490 $ 2.16 April 20 Purchase 420 2.63 Dunbar sold 570 units of inventory during the month. Ending inventory assuming LIFO would be: Multiple Choice Options are $1,105. $734. $894. $1,058.