ABC Company ended Year 1 with the following account balances: Cash $600, Common Stock $400, and Retained Earnings $200. The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. What is the amount of net income (loss) reported on the December 31, Year 2 income statement
If ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
First step is to calculate the revenue
Revenue = Earned revenue on account + Provided services for cash
Revenue =$9,000+$1,000
Revenue = $10,000
Second step is to calculate the expenses
Expenses =Operating expenses + Accrued salaries
Expenses=$4,000+$4,000
Expenses= $8,000
Third step is to calculate the Net income
Net income = Revenue − Expenses
Net income=$10,000- $8,000
Net income=$2,000
Inconclusion if ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000. The amount of net income (loss) reported on the December 31, Year 2 income statement is $2,000.
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How does the automatic mechanism move the economy to potential real gross domestic product (GDP) in the long run when current real GDP is above potential GDP?
Answer:
bdhrjdkskfnfnbxjfkznx
Explanation:
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bsjrngkfmgnmgfmgm hum kkkmdnxnxmd
jdjfjfngjdmakngnfmslsjfngjfksmakwkkrnckdmrkkrndnrjfnrjfnkskakwlqknfnfbbfbc sndndnskfndnncc cbndjdjdjtmgjdjtkdnsbfmvmmfnskkakdmncncbbgnfncnnfncnfnxndndnfbsnnnfnfnfnfnncsmmslmNbfng nxjndnfjrjfjjcjtiskdkhdjfnf kdjfjfnfndnkdjfndjdjnankxn jdjfncnms
The automatic mechanism moves the economy to potential real gross domestic product The aggregate supply curve over the short run shifts to the left as nominal wages decline.
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
With an automatic adjustment mechanism, the system would change by default by either raising taxes, cutting benefits, or both; therefore, the legislation would be required to stop that change.
Therefore, The automatic mechanism moves the economy to potential real gross domestic product
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( )는 기업이 자본이 아닌 인재를 확보하는 것이 전략적 우위 및 경쟁력 확보에 큰 영향을 미친다는 것을 의미하는 것으로써 인적자원관리의 중요한 본질이다.
Answer:
It is an important essence of human resource management, which means that the company has a great impact on strategic advantage and competitiveness to secure a non-capitalized personality.
Explanation:
thats what that means its Korean
g Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers. Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also eager to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
Based on the description given, Jack is in the nonrejecter stage of the marketing funnel.
The marketing funnel is used to describe the transition of customers towards becoming loyal to a brand. I’it keeps track of a customer's journey from getting to know a brand up till subsequent patronage of the brand.
The nonrejecter stage, marks the early stage of the marketing funnel, majorly after the first few purchases are made.
As for Jack, due to his disappointment which GreenFood's services and desire to try another brand. The fact that his first purchase was better at VeggiesNmore makes him contented and satisfied.
Therefore, Jack is in the Nonrejecter stage of the marketing funnel.
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How can manage my budget?
Answer:
Hope my answer helps you :)
if helps mark me brianliest okay
have a nice day （⌒▽⌒）
Explanation:
How to budget money
Calculate your monthly income, pick a budgeting method and monitor your progress.Try the 50/30/20 rule as a simple budgeting framework.Allow up to 50% of your income for needs.Leave 30% of your income for wants.Commit 20% of your income to savings and debt repayment.why do toy manufacturers continue to produce and market toys that tell boys to be powerful, adventuresome and ready for battle?
The reason toy manufacturers continue to produce and market toys that tell boys to be powerful, adventuresome, and ready for battle is "that advanced marketing research concluded that gender stereotypes sell better in toys production."
This is evident in the fact that many toys manufacturers create toys that promote different gender roles for different kids.
For example, toys that promote male stereotypes are designed and manufactured for boys, while those that promote female stereotypes are designed and manufactured for girls.
The purpose of making toys by the manufacturers is to make money, and the research has shown that kids and parents prefer gender stereotypes in the toys they buy.
Hence, in this case, it is concluded that the toy manufacturers are seeking to earn profits. That is why they continue gender stereotypes in their production.
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Four fundamental factors affect the cost of money:
1. The return that borrowers expect to earn on their investments
2. The preference of savers to spend their income in the current period rather than delay their consumption until some future period.
3. The risks associated with the investment
4. Expected inflation
Consider the following statements that address these factors, and indicate if you think each statement is true or false.
a. On average and everything else held constant, consumers prefer deferred consumption spending to immediate spending. On average and everything else held constant, an investment that can provide a 4% return should attract more investment capital from savers/investors than an otherwise identical investment that can generate a 12% return.
b. An investment that can provide a 10% return should attract more investment capital than an otherwise identical investment that can only provide a 6% return.
c. On average and everything else held constant, 30-year U.S. Treasury bonds should expect to exhibit a smaller maturity premium than a 1-year U.S. Treasury bill.
d. All things being equal, savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.
Given the four fundamental factors that affect the cost of money, only options b and d are correct.
Statement b is true:
When people invest their money, they are foregoing consumption in that current period that they are in.
They expect their invested capital to yield them interests as compensation for not spending the money earlier.
Statement d is true:
When people invest, what they look out for are risks and most importantly the returns that they would get from investing their capital.
A 10% investment return is greater than a 6% return. Because this return is higher, it would therefore attract more capital investment.
Options a and c are false.
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Jolie Company owns equipment with a cost of $342,500 and accumulated depreciation of $222,625.
Required:
Prepare the journal entry to record the disposal of the equipment on April 9.
The required journal entries in the books of Jolie Company to record the disposal of the equipment are as follows:
Journal Entries:
Debit Sale of Equipment $342,500
Credit Equipment $342,500
To transfer Equipment to Sale of Equipment account.Debit Accumulated Depreciation $222,625
Credit Sale of Equipment $222,625
To transfer Accumulated Depreciation to Sale of Equipment account.Data Analysis:
Sale of Equipment $342,500 Equipment $342,500
Accumulated Depreciation $222,625 Sale of Equipment $222,625
If the disposal or sale is for cash, the Cash Account is debited while the Sale of Equipment is credited. From the Sale of Equipment account, the profit or loss from disposal will be determined.
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retentions are also commonly known as
Answer:
Explanation:
In this page you can discover 21 synonyms, antonyms, idiomatic expressions, and related words for retention, like: reservation, remembrance, withholding, retentiveness, recall, detention, maintenance, holding, recognition, memory and keeping.
Bài 1. Lập luận sau đúng hay sai giải thích: I. Nếu tốc độ tăng trưởng GDP bằng với tốc độ tăng của mức giá chung(%P) thì nền kinh tế tối ưu.
2. Một nền kinh tế đạt được trạng thái toán dụng lao động nghĩa là tỷ lệ Thất nghiệpgiảm xuống bằng không.
3. Chỉ số khử lạm phát (GDP deflator) là chỉ số được tính dựa vào giỏ hàng năm gốc,còn CPI là chỉ số dựa vào giỏ hàng năm hiện hành.
4. Trong ngắn hạn, Đường cong Phillips mô tả rằng Lạm phát và Thất nghiệp luôn có
sự đánh đổi trong ngắn hạn.
Answer:
......................
10. Which of the following scenarios would best exemplify Adam Smith's view of best serving the
interests of society?
a. Individuals are selected to fill certain positions within the economy of their nation according
to the needs of the nation as a whole.
b. Markets are carefully regulated to ensure that all individuals within a nation are treated fairly
and charged standardized prices.
c. A country only has a limited amount of space for college students and uses a type of lottery
system to determine who gets these spaces.
d. Government scarcely exists in this country, and transactions are based on a system of barter,
or trading goods, for other goods.
E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them
Explanation:
Ngành quản trị kinh doanh chỉ cần thiết cho lĩnh vực kinh doanh
Answer:
No
Explanation:
It applies in almost all working environment that you may think of.
Which two are segments in a marketing plan?
Answer:
Concentration strategy and multi- segment strategy.
Explanation:
Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):
Sales revenue $29,000 Cost of goods sold $16,000
Interest revenue 320 Selling and administrative expense 3,600
Interest expense 520 Restructuring costs 1,900
In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $2.7 million and a gain on disposal of the componentâs assets of $4.2 million. 600,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss).
Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures.
Fast Distribution Company expects its September sales to be 25% higher than its August sales of $151,000. Purchases were $101,000 in August and are expected to be $121,000 in September. All sales are on credit and are expected to be collected as follows: 30% in the month of the sale and 70% in the following month. Purchases are paid 25% in the month of purchase and 75% in the following month. The cash balance on September 1 is $11,000. The ending cash balance on September 30 is estimated to be: _________
The ending cash balance on September 30 is estimated to be: $67,325.
Fast Distribution Company Ending cash balance
Beginning cash balance $11,000
Cash receipts from credit sales made in August $105,700
($151,000 × 0.70)
Cash receipts from credit sales made in September $56,625
[($151,000 × 1.25)× 0.30]
Less Cash disbursements from purchases made in August ($75,750)
($101,000 × 0.75)
Less Cash disbursements from purchases made in September ($30,250)
($121,000 × 0.25)
Ending balance $67,325
($11,000 + $105,700 + $56,625 - $75,750 - $30,250)
Inconclusion the ending cash balance on September 30 is estimated to be: $67,325.
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chi phí cơ hội của viẹc học đại học
How to save money in low income
Answer:
First things first, you need to know how much money you have and what regular fixed expenses you have. Setting up a budget can help. When you don’t have a lot of money coming in, it’s important to check your bank statements regularly and budget accordingly so you have enough to cover your basic needs, like rent and utilities.
If you’re not sure how to set up a budget, try Suncorp’s Budget Planner. It’s free to use and calculates the difference between your income and expenses when you input your information. A little knowledge can go a long way, especially if you’re new to budgeting. In some cases, you might be entitled to financial support from government agencies if you have a low income. Centrelink offers a low income Health Care Card which, if you’re entitled to it, offers discounted services for public transport and medication.
The Department of Human Services has information on income support, so it can be a good idea to do your own research to find out what you’re entitled to ahead of time. Saving money on things like food and entertainment is possible (even on a low income). You could try buying basic food items (think dried fruit, coffee or tea) in bulk, or look for the generic brand instead of the more expensive named options.
Get creative when it comes to entertainment options too. Keep an eye out for free activities in your local area, such as outdoor concerts. You can also pay a visit to your local library, where you can borrow books, DVDs and other resources for free! Paying attention to how you spend your money will help you avoid the temptations of impulse purchases as well.
A7X Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 25 percent for the next eight years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?
Lucius is very reluctant to make purchase decisions in the marketplace. When stressed about making a purchase, he often relies on others then observes the purchase behavior of those that experience similar difficulty in purchase. He has also joined certain groups that aid him in his purchase decisions. What personality type of consumer best describes Lucius?
Answer:
A careful consumer.
Explanation:
In the service department of the Glenn-Mark Auto Agency, mechanics requiring parts for auto repair or service present their request forms at the part department counter. The parts clerk fills a request while the mechanic waits. Mechanics arrive in a random (Poisson) fashion at the rate of 32/hr., and a clerk can fill requests at the rate of 20/hr. Given the cost for a mechanic is $70/hr., and the cost for a clerk is $25/hr.
Required:
a. Determine the optimum number of clerks to staff the counter.
b. How many mechanics are waiting in line on average?
c. What is the optimum number of clerks to staff the counter?
Answer:
,
Explanation:
Given Principal: $10,000, 8%, 240 days
Partial payments: On 100th day, $4,000
On 180th day, $2,000
Required:
a. Use the U.S. Rule to solve for total interest cost. (Use 360 days a year.
b. Use the U.S. Rule to solve for principal balances.
c. Use the U.S. Rule to solve for final payment.
a. Using the U.S. Rule the total interest cost is $390.6072.
b. Using the U.S. Rule the principal balances is $6,222.22; $4,332.84.
c. Using the U.S. Rule the final payment is $3,309.61.
First step
Interest for 100 days =$10,000 × 8%× 100/360 =$222.22
Total amount outstanding =$10,000 + 222.22 =$10,222.22
Second step
Payment made on 100th day =$4,000
Balance outstanding =$10,222.22 - $4,000 = $6,222.22
Third step
Interest for 80 days = $6,222.22 ×8%×80/360 =$110.6172
Total amount outstanding =$6,222.22 +$110.6172 =$6,332.84
Fourth step
Payment made on 180th day =$2,000
Total amount outstanding =$6,332.84 -$2,000 =$4,332.84
Fifth step
Interest for 60 days =$4,332.84 ×8%× 60/360 =$57.77
Final balance outstanding =$4,332.84+ $57.77 =$3,309.61
Hence:
a. Total interest cost:
Total interest cost =$222.22 +$110.6172+$57.77
Total interest cost=$390.6072
b. Principal balances:
Balance after the payment:
on 100th day = $6,222.22
on 180th day =$4,332.84
c. Final payment:
Final payment = $3,309.61
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Which transaction caused John to overdraw his account?
The Online Bill Payment for $146.67
Check No. 409 for $100
Check No. 410 for $710.49
The Overdraft Fee of $35
Answer:
Check No. 410 for $710.49 caused John's to overdraw his account.
Explanation:
This is when the balance became negative.
By looking at the financial statements given above for the account of John, it can be concluded that the check no. 410 for $710.49 caused John to overdraw money from his account. Therefore, the option C holds true.
What is the significance of overdraw account?An overdraw from an account can be referred to or considered as a transaction in which the account holder is able to withdraw an amount of more than the actual balance in his account. After an overdraw transaction, the balance of the account is negative.
In the account statement given above, one can easily take a guess that after the drawing of Check No. 410 for an amount of $710.49, the balance in the account became negative for the first time, thereby indicating an overdraw transaction.
Therefore, the option C holds true and states regarding the significance of overdraw account.
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May 13, 2013 Mayor Larry Zhou City Hall 3495 Galvin Boulevard Blend, OR 98675 Dear Mayor Zhou: Your hard work during your last three years in office has made a difference. The downtown beautification project is a colorful success. The addition of potted plants, flower beds, and window boxes makes our city a lovely place to be. Thank you for playing a key role in creating a pleasant destination for downtown shoppers and visitors. Receiving an invitation to your downtown business luncheon next month was a privilege. Although I must decline your invitation, it is for a reason I am sure you can appreciate. WhichBrew is preparing to open a small chain of bakeries called WhatDough. The grand opening of our first WhatDough bakery is on the same day as your business luncheon. Since I would love to have the opportunity to visit with you, may I invite you to cut the ribbon at the grand opening of our second WhatDough location
Answer:
c
Explanation:
MasterCard managers are motivated to increase (1) the number of individuals who have and use a MasterCard credit card, (2) the number of banks and other clents who issue MasterCards to customers and/or employees, and (3) the number of locations that accept MasterCard payments. Discuss how MasterCard could use its data warehouse to help it expand each of these customer bases.
MasterCard could use the data warehousing strategy by making its cards acceptable for any transaction in any place.
Data warehouse plays an important role in the competitive market for MasterCard. As the data has been turned into Business Intelligence (BI), which enables individuals, banks and companies to make strong decisions with regard to payment through electronic means.
The data warehousing could be used by MasterCard to gain a distinct advantage over its competitors. As previously Visa represents around 50% of charges for products sold overall while MasterCard was only at 25%.
An example of using Data warehousing is such that banks can issue MasterCard which if used on Aircraft or Restaurants then these banks can use this data to arrange offers and other benefits to motivate cardholders to spend more with their MasterCard. They could even offer limited time openings such as to pay for room or buy exclusive items during shopping.
What is considered best practice when matching customer receipts and vendor bills within the bank feeds in QuickBooks Online?
Answer:
Finish the workflow for receiving payments and making bill payments
Which of the following is an example of an indirect tax?
Estate tax
Federal income tax
Personal property tax
Sales tax
Sales tax, took the test and got it correct, hope this helps
Among all the given options of taxes, the one which is considered an example of an indirect tax is sales tax. Hence, Option D is correct.
What is a tax?The activities which are performed by an individual with the aim of making money for fulfilling the basic, as well as the desired needs, are known as a profession.
The money which is made by the person should be done in legal ways and on these incomes, one has to pay some duty to the government. This duty is termed a tax.
As per the income and assets that one has made, taxes are charged on them. Some of them are direct and some of them are indirect. The ones which are direct are Estate tax, Federal income tax, Personal property tax, and many more.
As a result of this, sales tax is considered an indirect tax. Option D is correct.
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Assume the risk free rate equals Rf = 4%, and the return on the market portfolio has expectation E [RM] = 12% and standard deviation σM = 15%. (a) What is the equilibrium risk premium (that is, the excess return on the market portfolio)? (b) If a certain stock has a realized return of 14%, what can we say about the beta of this stock? (c) If a certain stock has an expected return of 14%, what can we say about the beta of this stock?
The equilibrium risk premium is the excess of the return of the market portfolio less the risk free rate.
Risk premium = Return of the market portfolio - risk free rate
12% - 4% = 8%.
According to the capital asset pricing model, the return of an asset can be determined using this formula:
Expected return = risk free asset + (beta x risk premium)
If the realized return is 14%, the value of beta can be determined from the above formula.
14% = 4% + (beta x 8%)
Beta = (14% - 4%) / 8% = 1.25.
Beta is a measure of the risk of an asset. The beta of the market is 1. Ig the beta of a stock is greater than 1, it means that the stock has a greater measure of risk compared to the market. If the beta of a stock is less than 1, it means that the stock is less risky when compared with the market.
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no 1 college in Pakistan??
Answer:
Aps gak kharian kent
Explanation:
army public gak college
What are the three phases in purchasing process
Answer:
It is the journey or buying process that consumers go through to become aware of, evaluate, and purchase a new product or service, and it consists of three stages that make up the inbound marketing framework: awareness, consideration, and decision.
The three steps that make up the inbound marketing framework are awareness, consideration, and decision. This is the path or buying process that customers take to learn about, assess, and acquire a new good or service.
What is purchasing process?The purchasing process refers to the steps a company takes to carry out a purchase. Unlike people, businesses frequently adhere to a structured process when making purchases. Research, input from numerous departments, negotiations, and invoicing may all be required for a business's purchases.
Traditional Purchase Orders were plans for future purchases contracts for purchases known as "blanket purchase orders" or "standing orders".
By employing an effective purchasing strategy, you may cut expenditures. It makes it simpler for you to locate suppliers of low-cost, high-quality goods and services. Possessing a purchase technique will help you to avoid being taken advantage of by con artists.
Thus, The three steps that make up the inbound marketing framework are awareness.
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Which of the following reflects the effect of the year-end adjusting entry to record estimated uncollectible accounts expense using the allowance method? Balance Sheet Income Statement Statement of Cash Flows Assets = Liabilities + Stockholders' Equity Revenue Expense = Net Income A. − = n/a − n/a − − − OA B. n/a = − − n/a + − n/a C. n/a = − − n/a + − − OA D. − = n/a − n/a + − n/a
It is only option D. − = n/a − n/a + − n/a that reflects the effect of the year-end adjusting entry for Uncollectible Accounts Expense when the allowance method is used.
The entry reduces Accounts Receivable (Assets) through its contra account (the Allowance for Uncollectible Accounts).
It does not affect the liabilities. It reduces Equity because it is an expense that reduces Retained Earnings.
The entry does not affect the Revenue but increases Expenses, which reduce the Net Income.
It is not a cash flow item and does not affect the Statement of Cash Flows.
Data and Options:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Stockholders' Equity Revenue Expense = Net Income
A. − = n/a − n/a − − − OA
B. n/a = − − n/a + − n/a
C. n/a = − − n/a + − − OA
D. − = n/a − n/a + − n/a
The estimated Uncollectible Accounts Expense is Bad Debt Expense.
When this year-end adjusting entry is recorded, the financial statements affected are only the Income Statement (expenses) and the Balance Sheet (equity).
Thus, the only correct reflection of the adjustment is option D.
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