The following factors led to a weakening economy in the United States
A .speculation in the stock market
B. unequal distribution of wealth
E. overproduction
A. Speculation in the stock market: Speculation in the stock market can lead to a weakening economy due to excessive and often risky investments that can lead to a crash in the stock market, resulting in a loss of consumer confidence and a decrease in investment in the economy.
B. Unequal distribution of wealth: Unequal distribution of wealth can lead to decreased consumer purchasing power, which can lead to a weakening economy due to decreased demand for goods and services.
E. Overproduction: Overproduction can lead to a weakening economy due to decreased demand for goods and services due to a decrease in consumer purchasing power.
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The complete question is given here:
Which factors led to a weakening economy in the United States? Check all that apply.
A. speculation in the stock market
B. unequal distribution of wealth
C. increasing demand for goods
D. runaway inflation
E. overproduction
multi-channel funnel reports can credit conversions across which of these channels? (select all answers that apply)
Conversions on these channels, including natural and paid search, broadcast networks, webpage connections, and custom promotions, can be credited by multi-channel funnel statistics.
What is reporting over several channels?
These and other queries are answered by the Multi-Channel Funnels reports, which demonstrate that business promotional strategies (i.e., sources of website traffic) interact to produce revenue and conversions. As instance, many customers may make purchases on your website after looking up your company name.
What causation model is applied in the multi channel campaigns review?
A conversion path's final four most important interactions are only included in the statistics attribution model utilized in multi-channel funnel reporting, and it can reward straight visits with a purchase.
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quality control charts usually have a central line and upper and lower control limit lines. which of the following is not a reason that the process being monitored with the chart should be investigated? a sudden and sustained shift in the plots toward the upper or lower control limit a single plot falls outside of the control limits a large number of plots are on or near the central line there is an upward trend in the plots
A large number of plots are on or near the central. There is upward trend in plot.
A large number of plots on or near the central line is not necessarily a reason to investigate the process. This could indicate that the process is operating within acceptable limits and is not indicative of a problem. However, a sudden and sustained shift in the plots toward the upper or lower control limit, a single plot falling outside of the control limits, or an upward trend in the plots could all be reasons to investigate the process further.
Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer. QC is similar to, but not identical with, quality assurance (QA).
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During 2022, Sedgewick Inc. had sales on account of $528,000, cash sales of $216,000, and collections on account of $336,000. In addition, they collected $5,800 which had been written off as uncollectible in 2021. As a result of these transactions, the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a
Answer:
$402,200
$192,000
$186,200
$408,000
The change in the accounts receivable balance,given the sales in the year,and the collections on account,was$192, 000.
The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable(AR).On the balance sheet,accounts receivable are shown as a current asset.Any sum of money that clients owe for purchases they made using credit is known as AR.Due to the customer's legal duty to pay the debt,businesses include accounts receivable as an asset on their balance sheets.They are regarded as liquid assets since they can be pledged as security against a loan to cover immediate expenses.The working capital of a business includes receivables.The change in accounts receivables from the beginning of the year to the end, is =Sales on account for the year -Collections on account.
= 528,000-336, 000
= $ 192,000
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Green Company reports depreciation expense of $58,000 for Year 2. Also, equipment costing $194,000 was sold for a $6,800 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.
At December 31 Year 2 Year 1
Equipment $675,000 $854,000
Accumulated Depreciation-Equipment 480,000 565,000
$47,300 (Accumulated depreciation on equipment sold = $565,000 + $53,000 − $480,000 = $138,000Cash received = ($179,000 − $138,000) + $6,300 = $47,300))
Cash received on Sale of Equipment = $ 52,800. It is the origin of the depreciation expense that show up on balance sheets and income statements for corporations.
Companies subtract a non-cash charge called depreciation from their net profits. It shows how much money will be lost to depreciation over the length of an accounting period for a capital asset. Depreciation costs are calculated on the assumption that long-term assets, such as machinery, computers, software, and cars, have an estimated useful life and that their value would decline over the duration of that lifetime. The amount of depreciation shown on a company's balance sheet for a particular accounting period is referred to as a depreciation expenditure. The amount of depreciation that has been accumulated in an asset up to a certain point is known as accumulated depreciation.
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An analyst has determined that the required return for an equity investment in shares of Global Partners is 10.5%.
If the risk-free rate is 6% and Global's beta is 1.2, the current equity risk premium is
3.75%
4.5%
10.5%
15.00%
The current equity risk premium is 4.5%.
What is equity risk premium?The difference between the rate of return on riskier stock investments, and the return on risk-free assets is known as the equity risk premium, sometimes known as the "market risk premium."
The 10-year U.S. Treasury note serves as the traditional benchmark for the risk-free rate, which is the estimated yield on a risk-free investment.
Investors should make sure their equity portfolio can provide sufficient returns because, in general, a higher equity risk premium translates to a higher risk in the overall markets.
Equity risk premium= Expected market risk-risk free rate
=10.5%-6%
=4.5%
Therefore, option 4.5% is the correct answer.
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elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions.
Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions is true.
How did Mayo view the interaction between employees and management?Elton Mayo came to the conclusion that employees' requirements were frequently based on feeling (belonging to a group and having a sense of value), and that this may cause conflicts with managers, who were primarily concerned with cost-cutting and efficiency.
Therefore, According to Elton Mayo's research, when managers took the time to hear the ideas and opinions of their employees, work or motivation increased. The expectation hypothesis states that when employees are given an extremely difficult task, their motivation nearly always improves.
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Elton mayo's researchers concluded that worker motivation improved when managers listened to worker's ideas and suggestions. true or false
budgetary constraints, higher ethical standards and innovation in design have resulted in an increase in the use of reclaimed and recycled materials. items made from recycled materials are often more affordable and use resources more effectively. as sustainable design becomes more mainstream, products become more beautiful and refined. sustainable design has been mainstream for many years.
False, budgetary constraints, higher ethical standards, and innovation in design have resulted in an increase in the use of reclaimed and recycled materials. items made from recycled materials are often more affordable and use resources more effectively. as sustainable design becomes more mainstream, products become more beautiful and refined.
In economics, a budget constraint represents all the combos of products and services that a consumer could purchase given current costs at intervals of his or her given financial gain. Consumer theory uses the ideas of a budget constraint and a preference map as tools to look at the parameters of consumer choices. each thought has a ready graphical representation in the two-good case.
the buyer will only purchase the maximum amount their income can allow, therefore they're strained by their budget.[1] The equation of a budget constraint is x+P_y=m}">x+P_y=m} where a k is of peace is the value of excellent X, and P_y is the price of good Y, and m = income. The concept of soppy budget constraints is often applied to economies in transition.
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question temporary-services firms supply trained workers to other companies on a temporary basis. temporary-services firms lose business when the economy shows signs of beginning to weaken. they gain business when the economy begins to recover but often lose business again when the economy stabilizes. these firms have begun to gain business in the present weak economy. the economy therefore must be beginning to recover. which of the following is an assumption on which the argument depends?
The one which is an assumption on which the argument depends is that, the temporary-services firms do not gain business when an already weak economy worsens.
The temporary-services firms agency tend to provide workers to companies on a case-by-case basis. So these tend to allow the companies a cost-efficient way in order to employ new employees with any specialized skill sets.
However, the temporary-services firms do not gain any business when an already weak economy tend to worsen. Thus, such employees are released after the project or period of contract is over.
Hence, temporary service is the service of a temporary government worker.
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The one which is an assumption on which the argument depends is that, the temporary-services firms do not gain business when an already weak economy worsens.
The temporary-services firms agency tend to provide workers to companies on a case-by-case basis. So these tend to allow the companies a cost-efficient way in order to employ new employees with any specialized skill sets.
However, the temporary-services firms do not gain any business when an already weak economy tend to worsen. Thus, such employees are released after the project or period of contract is over.
Hence, temporary service is the service of a temporary government worker.
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on february 3, a company provides services on account for $26,500, terms 2/10, n/30. on february 9, the company receives payment from the customer for those services on february 3.
If on february 3, a company provides services on account for $26,500, terms 2/10, n/30. on february 9, the company receives payment from the customer for those services on february 3. The journal entry to the service revenue on account is: Debit to Accounts Receivable $26,500, Credit to Service Revenue $26,500.
What is account receivable?Account receivable can be defined as the amount that a company is expected to received from their client for service they rendered to the client.
Now let prepare the appropriate journal entry to record the service revenue on account
Debit to Accounts Receivable $26,500
Credit to Service Revenue $26,500
(To record service revenue)
Therefore the journal entry is Debit to Accounts Receivable $26,500, Credit to Service Revenue $26,500.
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The complete question is:
on february 3, a company provides services on account for $26,500, terms 2/10, n/30. on february 9, the company receives payment from the customer for those services on february 3.
Record the service revenue on account.
Oxford Salts has just been bought by Townsend Spice. The Oxford Salts employees are unsure of what that will mean for their jobs, as Townsend already has a competent workforce. As a result, several Oxford employees have started to call in sick and have begun to look for other jobs. Which of the following would you recommend to Townsend Spice managers? Multiple Choice Upgrade the IT infrastructure to improve communication and innovation. Identify solutions that worked in another country and apply them to Townsend Spice. O Accept that conflict is inherent in organizations and fire the Oxford Salts employees. O O Bring in an OD consultant to help integrate the culture and processes of the two firms.
Bring in an OD consultant to help integrate the culture and processes of the two firms.
Institute of Management Consultants USA claims that "The ability to accurately diagnose and effectively transform a frequently poorly defined problem and apply information, resources, and processes to create a workable and usable solution is the value of a consultant [as opposed to a Subject-matter expert (SME). Some experts make excellent consultants, and vice versa; some are neither; and only a select handful are both." Another point of differentiation would be between consultants and experts, or between SMEs and team leaders, or between consultants and coaches.
Since consulting agreements are a type of labor contract, similar to staffing, which a client obtains for more generalist labor and consulting is for more specialized labor, consultants do not necessarily need to be subject-matter experts.
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all of the following individuals would be allowed to effect transactions in the account of a customer who is mentally incapacitated except a(n): a individual named in the customer's living will b individual given a durable power of attorney c conservator appointed by a court of law d joint tenant that owns the account with the customer
All individuals would be allowed to effect transactions in the account of a customer who is mentally incapacitated except an individual named in the customer's living will
When a person is mentally incapacitated, it indicates that they are momentarily unable to evaluate or regulate their behavior, regardless of the underlying cause of a disease, a flaw, the effects of a substance, etc. An individual is designated in a living will to only make end-of-life medical decisions and not pecuniary ones.
This works because the customer names a person to make choices for the incapacitated client through a durable power of attorney that was granted by the customer previous to his or her mental incapacitation. Trades may be made by the conservator of the account, as appointed by the court. The other party in the account is still permitted to trade if the account was held as joint tenants.
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competing against foreign banks can be difficult for u.s. banks because: foreign banks are subject to fewer regulations than u.s. banks u.s. banks are not used to the pure competition that exists in the banking industry in many asian countries the federal reserve has no control over international banking it is illegal to take more than $10,000 worth of u.s. currency out of the country international banks are so risk-averse
Competing against the foreign banks can be considered difficult for U.S. banks because the foreign banks are subject to fewer regulations than the U.S. banks.
It is researched that competing against the foreign banks can be difficult for the U.S. banks as the U.S. banks are subject to many more regulations than any. So here, some governments tend to protect their banks against foreign competitors.
However, a foreign bank branch is said to be a type of international bank which is thus obligated in order to follow the laws of both its home country and the nation it is operating in.
Hence, international banking is a high-risk business.
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Creekwood Lawn and Landscape is a small business that employs 20 minimum wage workers and 10 units of capital (in the form of mowers, spreaders, aerators, etc.) to service 10 lawns. Creekwood is currently minimizing costs at $400 per hour, as depicted in the following diagram:
What is the minimum wage where Creekwood is located? The rental rate?
Suppose that the city government doubles the minimum wage in a bid to attract more unskilled workers. Draw a new isocost curve corresponding to C=$400 that reflects this change. Can they serve their 10 customers with just $400? What must happen to their costs?
Following protests of the wage increase by small business owners, the city government decides to compensate those owners by sending them a lump-sum subsidy. Creekwood, which was employing 20 workers, receives a check for exactly $200. Show that it is now possible for Creekwood to hire its original combination of inputs and serve its 10 customers at a cost of $400. Draw a new isocost line that reflects the effects of the subsidy.
Upon further reflection, the combined wage increase and subsidy can potentially have a positive impact on Creekwood’s costs. How is this possible and does this mean Creekwood will once again resume hiring 20 workers and 10 units of capital or will they choose some other combination of workers and capital.
The firm will choose another combination of inputs In which capital will be higher than 10 and workers no. Will be lower than 20.
Minimum wage =Total cost /total number of workers ( if no capital hired)
Minimum wage=400/40=10
Rental rate=400/20=20
To serve 10 CONSUMER, the firm required 1 0 units of capital and 20 workers.
Gross cost=10*20+20*20=200+400=600
Net cost =600-subsidy=600-200=400
No, now the optimal combination of choice will be indifferent, now firm will hire more capital whose marginal product per dollar is more than the marginal product of per dollar of the worker.
Now the firm will choose another combination of inputs In which capital will be higher than 10 and workers no. Will be lower than 20.
A team worker makes use of sturdy communication abilities, is an active listener, and develops and keeps credibility with colleagues. Colleagues cooperate with one another and follow their man or woman's abilities towards completing a commonplace mission or assembly with the aim to enhance performance and productivity.
Someone who works for an employer or enterprise but no longer has an effective role: Many organizations still deal with their control staff higher than their employees. employees.
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Youare the owner of a baseball team. Your stadium has a maximum capacity(think of this as in thousands)of 60. The Marginal Costof having one additional fan attend the game is $0if attendance is less than 60 and then infinite for anything above 60. You cantake advantage of variable pricing togenerate extra revenue when teams that are more popular are in town. Suppose that whenthe Kansas City Royals are in town the demand for a ticket to the game is: P=100-Qand the Marginal Revenue is:P=100-2Q andwhen the New York Yankees are in town the demand for a ticket to the game is: P=300-Qand the Marginal Revenue is:P=300-2Q. Draw this graphically and calculate the price and quantity for Royals and Yankees tickets.
The price for a Yankees ticket is $150 and the quantity is 150,000.
The graphs for the demand and marginal revenue are shown below (in thousands of tickets):
Kansas City Royals:
Demand: P = 100 - Q
Marginal Revenue: P = 100 - 2Q
New York Yankees:
Demand: P = 300 - Q
Marginal Revenue: P = 300 - 2Q
The price and quantity for Royals and Yankees tickets can be calculated by finding the intersection of the demand and marginal revenue curves.
For the Kansas City Royals:
P = 100 - Q
100 - 2Q = 100 - Q
2Q = 0
Q = 0
P = 100
Therefore, the price for a Royals ticket is $100 and the quantity is 0.
For the New York Yankees:
P = 300 - Q
300 - 2Q = 300 - Q
2Q = 0
Q = 150
P = 150
Therefore, the price for a Yankees ticket is $150 and the quantity is 150,000.
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se the following financial statements and additional information.
AUSTIN INCORPORATED
Comparative Balance Sheets
June 30, 2019 and 2018
2019 2018
Assets
Cash $ 94,300 $ 39,400
Accounts receivable, net 81,000 63,000
Inventory 68,000 94,000
Prepaid expenses 5,600 7,000
Total current assets 248,900 203,400
Equipment 176,000 163,000
Accumulated depreciation—Equipment (45,000) (15,000)
Total assets $ 379,900 $ 351,400
Liabilities and Equity
Accounts payable $ 31,000 $ 38,000
Wages payable 6,000 16,000
Income taxes payable 4,900 5,400
Total current liabilities 41,900 59,400
Notes payable (long term) 40,000 80,000
Total liabilities 81,900 139,400
Equity
Common stock, $5 par value 240,000 170,000
Retained earnings 58,000 42,000
Total liabilities and equity $ 379,900 $ 351,400
AUSTIN INCORPORATED
Income Statement
For Year Ended June 30, 2019
Sales $ 922,000
Cost of goods sold 564,000
Gross profit 358,000
Operating expenses
Depreciation expense $ 75,000
Other expenses 91,000
Total operating expenses $ 166,000
192,000
Other gains (losses)
Gain on sale of equipment 4,900
Income before taxes 196,900
Income taxes expense 60,270
Net income $ 136,630
Additional Information
A $40,000 note payable is retired at its $40,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $74,000 cash.
Received cash for the sale of equipment that had cost $61,000, yielding a $4,900 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.
Using the income statement, the comparative balance sheet, and the additional information given above, reconstruct the entries for the summarized activity of the current fiscal year. Upon completion, the trial balance tab should agree with the June 30, 2019 balances.
1 Reconstruct the journal entry for cash receipts from customers, incorporating the change in the related balance sheet account(s), if any.
2 Reconstruct the journal entry for cash payments for inventory, incorporating the change in the related balance sheet account(s), if any.
3 Reconstruct the journal entry for depreciation expense, incorporating the change in the related balance sheet account(s), if any.
4 Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet account(s), if any.
5 Reconstruct the journal entry for the sale of equipment at a gain, incorporating the change in the related balance sheet account(s), if any.
6 Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet account(s), if any.
7 Reconstruct the entry to record the retirement of the $40,000 note payable at its $40,000 carrying (book) value in exchange for cash.
8 Reconstruct the entry for the purchase of new equipment.
9 Reconstruct the entry for the issuance of common stock.
10 Close all revenue and gain accounts to income summary.
11 Close all expense accounts to income summary.
12 Close Income Summary to Retained Earnings.
13 Reconstruct the journal entry for cash dividends paid.
Answer:
explain down
Explanation:
A specialty journal records special events or transactions related to the particular journal. There are mainly four kinds of specialty journals – Sales journal, Cash receipts journal, Purchases journal
, and Cash disbursements journal. The company can have more specialty journals depending on its needs and type of transactions, but the above four journals contain the bulk of accounting activities.
All other transactions not entered in a specialty journal account for in a General Journal. It can have the following types of transactions:
Accounts receivables
Accounts payable
Equipment
Accumulated depreciation
Expenses
Interest income
and expenses, etc.
Table of contents
What is General Journal?
General Journal Accounting
General Journal Format
General Journal Examples
Flow Process
Uses
Technological Advances
Conclusion
General Journal Video
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Which of the following is NOT a measurement of risk?
The beta range is not a measurement of risk.
A Few equities actually have negative betas in reality (to go up when the market goes down). Beta values for most equities range from 0 to 3. It assesses an investment's contribution to market portfolio risk that was not mitigated by diversification. Beta is not a measure of idiosyncratic risk. It measures the average movement of a single asset in relation to changes in the whole stock market. As a result, when a tiny amount of an asset is added, it is a helpful indicator of how much that asset contributes to the danger of the market portfolio.
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In a particular labor market, the marketing-clearing wage is $20. Therefore, mark True or False in each one of the following statements: a) A wage w=$30 would be an efficiency wage because it can be used to penalize adverse selection. b) A wage w=$14 would be an efficiency wage because it can be used to penalize adverse selection. c) A wage w=$25 would be an efficiency wage because it can be used to penalize shirking. d) A wage w=$13 would be an efficiency wage because it can be used to penalize shirking.
A wage w=$25 would be an efficiency wage because it can be used to penalize shirking. and A wage w=$30 would be an efficiency wage because it can be used to penalize adverse selection are true
Although the idea of efficiency wages has been around for a while, it wasn't until the second part of the 20th century that economists codified it. Joseph Stiglitz and his research on shirking are two notable examples. Stiglitz and his colleagues hypothesized that when unemployment is low, fired employees have an easy time finding new jobs.
Efficiency wages are the amount of pay given to employees above the federal minimum wage in order to keep a skilled and productive workforce. Adam Smith defined a type of wage inequality in the 18th century where workers in some businesses are paid more than others based on the required level of trustworthiness.
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Would you prefer to be a freelance worker or employed with a fixed
salary?
Employed with a fixed salary is more suitable because they have job security and a fixed amount of salary.
Why fixed salary job is good?Employer-provided benefits, like as health insurance, 401(k) plans, sick days, and paid vacation time, are one of the main perks of full-time employment. These are all common benefits of staff positions, whereas independent contractors are left to fend for themselves in every way.
Contractors and freelancers work for themselves, whereas employees are employed by a firm. the quantity of customers. Contractors typically work with one customer at a time, whereas employees typically work for a single employer. Freelancers take on multiple clients at once.
Thus, Employed with a fixed salary is more suitable.
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ompany acquired 90 percent ownership of scrooge corporation in 20x7, atunderlying book value. on that date, the fair value of noncontrolling interest was equal to 10percent of the book value of scrooge corporation. pilfer purchased inventory from scrooge for$90,000 on august 20, 20x8, and resold 70 percent of the inventory to unaffiliated companies ondecember 1, 20x8, for $100,000. scrooge produced the inventory sold to pilfer for $67,000. thecompanies had no other transactions during 20x8.base
The amount of sales will be reported in the 20X8 consolidated income statement is $100,000.
Since 70% of the goods are sold of the price of $100,000 therefore we can say that in the consolidated income statement, the sales amount is $100,000.
An income declaration or profit and loss account is one of the economic statements of a business enterprise and indicates the company's revenues and prices during a specific duration. It suggests how the sales are converted into the net income or internet profit. An income declaration shows a corporation's revenues, costs and profitability over a time frame. it's also sometimes known as a income-and-loss (P&L) assertion or an profits assertion. It shows your: revenue from selling services or products. costs to generate the revenue and manipulate your enterprise.
An income announcement is a monetary assertion that indicates you the organization's income and costs. It additionally shows whether a agency is making income or loss for a given period. The income declaration, together with stability sheet and coins glide declaration, helps you understand the economic health of your commercial enterprise.
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under , the market consists of many buyers and sellers trading in a uniform commodity. group of answer choices A.oligopolistic competition B.monopolistic competition C.the dominant firm model pure competition
D. a pure monopoly
Under Pure Monopoly , the market consists of many buyers and sellers trading in a uniform commodity.
What is meant by "market"?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
Has the market collapse occurred?Approximately every seven years since those reforms, the stock market has plummeted, with the 2022 crash being brought on by the coronavirus. These crashes occurred in 2000, 2008, and 2020. Several factors can cause markets to fall. For instance, the stock market plummeted as a result of outside factors in 2022 and 1973, respectively.
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Economists Edward Glaeser and Matthew Kahn studied carbon emissions in different parts of the United States. basis of what they found, they concluded that environmentalists should be in favor of a. policies that encourage people to move from suburban areas to rural areas b, lower taxes on carbon-based fuels such as gasoline. c. more and taller skyscrapers. d. policies that encourage people to move from large cities to suburban arear
Economists Edward Glaeser and Matthew Kahn studied carbon emissions in different parts of the United States. basis of what they found, they concluded that environmentalists should be in favor of more and taller skyscrapers.
The “terrible” element way that the externality is one this is dangerous in preference to useful to the ones affected. The carbon emissions and the ensuing worldwide warming are terrible externalities because their prices to the surroundings are detrimental, however oblique and gradual.
Bystander effect, the inhibiting has an impact on of the presence of others on someone's willingness to assist a person in need. Research has proven that, even in an emergency, a bystander is much less probably to increase assist whilst she or he is withinside the actual or imagined presence of others than whilst she or he is alone.
The bystander effect happens whilst the presence of others discourages a man or woman from intervening in an emergency situation, towards a bully, or at some point of an attack or different crime. The extra the variety of bystanders, the much less probably it's far for any person of them to offer assist to someone in distress.
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Show me how to prepare a financial statement
To prepare the financial statement of the Income Statement, start with Sales, then deduct the Cost of Goods Sold, and then deduct the Operating expenses.
How to prepare an Income Statement ?An income statement shows the profit made from operations in a given period which is most often a year.
First find the sales revenue amount and then find the sales returns and allowances and deduct them from sales to get net sales. Then add the opening inventory to purchases and deduct the closing inventory. This is considered Cost of goods sold and deducting it from sales gives the gross profit.
Then find your operating expenses such as advertising, utility, and salaries. Deduct these from the gross profit and then find the tax on that pre-tax net profit. After deducting the tax, then you'll have the after - tax profit.
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Which of the following scenarios would cause the survey used by the college administrators to yield misleading willingness-to-pay data? Check all that apply.
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Students are surveyed at random, using conventional survey and data-gathering methods.
Answers needed are bolded:
1. $ Monetary amount
2. LESS/GREATER
3. SHOULD NOT/SHOULD
Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Students are surveyed at random, using conventional survey and data-gathering methods.
Based on the conducted survey:
The beautification estimated benefit is $3,900The estimated benefit is less than the costThe college administrator should not undertake the beautification initiative.Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.The beautification benefits could be represented by the students willingness-to-pay. Students willingness-to-pay express the way students think and view the initiative, whether it is worthwile or not. The initiative's estimated benefit is:
Estimated benefits = Students' willingness-to-pay
Estimated benefits = Number of students surveyed x average willingess-to-pay
Estimated benefits = 300 x $13
Estimated benefits = $3,900
Nestimated benefits is compared with the estimated cost, the benefits is much lower. This finding shows that the students' perceived value and expectation are lower than what the campus admnistrators expected. Hence, this initiative should not be taken into action.
Students give low amount for their willingness-to-pay shows how the students feel not sure about the importance of beautification initiative and they believe that if the inititive does not happen, the funds will not be spent elsewhere.
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Complete Question:
A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is non-rival and non-excludable. Thus, the visual appearance would be classified as a public good.
Suppose the college administrators estimate that the beautification initiative will cost $5,200. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 300 students, asking each of them their willingness-to-pay for the beautification project. The average willingness-to-pay, as revealed by the survey, is $13.
The benefit of the beatification initiative, as suggested by the survey, is $_____ . Because the estimated benefit is LESS/GREATER than the cost, the college administrators SHOULD NOT/SHOULD undertake the beautification initiative.
The calculation of the benefit of the beatification initiative relied on the ability of the administrators to accurately capture the true willingness-to-pay of each student.
Answers needed are bolded:
$ Monetary amountLESS/GREATERSHOULD NOT/SHOULDWhich of the following scenarios would cause the survey used by the college administrators to yield misleading willingness-to-pay data? Check all that apply.Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.Students are surveyed at random, using conventional survey and data-gathering methods.A corporation that owns more than $10 million of total assets uses which schedule to reconcile book income to taxable income?
A. Schedule M-1
B. Schedule M-2
C. Schedule M-3
D. Schedule M-4
The reconciling of losses or income reported on the books to earnings or losses reported on the tax return is shown in Schedule M-1. The items listed on this agenda are those that fall under that category.
What does the synonym involve to?Comprehend, accept, and include are a few typical synonyms for involve. Include denotes inclusion by way of the character of the whole, perhaps as being its inherent or inevitable outcome, even if all these terms all imply "to contain throughout as one of the whole."
How should the verb involve be used?1 If anything is a significant or core aspect or outcome of a scenario, an incident, or an activity, it is said to be involved in that situation, event, or activity. Any investment has a certain amount of risk. Numerous offenses involved.
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lance-hefner specialty shoppes decided to use the dollar-value lifo retail method to value its inventory. accounting records provide the following information: cost retail merchandise inventory, january 1, 2021 $ 245,000 $ 350,000 net purchases 458,800 615,000 net markups 18,000 net markdowns 13,000 net sales 460,000 related retail price indexes are as follows: january 1, 2021 1.00 december 31, 2021 1.20 required: determine ending inventory and cost of goods sold using the information provided.
The ending inventory will be $234,800 and cost of goods sold is $275,400.
According to the LIFO retail method, ending inventory includes the start inventory and the present year's layer. to see layers, we have a tendency to compare ending inventory at retail to starting inventory at retail and assume that no over one inventory layer is side if inventory will increase.
Ending inventory is that the quantity of inventory an organization has available at the tip of its year. it's closely connected with ending inventory price, that is that the quantity of cash spent to induce these product available. It ought to be calculated at the lower of price or market.
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if an employee thinks there should be an increase in the minimum wage but doesn't expect the government to pass such legislation, they always have the ability to threaten to quit their job unless they get paid $15 per hour, or whatever amount they believe they should be paid.
Laws requiring minimum wages lead to higher rates of unemployment, fewer hours worked, and fewer incentives for workers to develop their human capital.
Raising the minimum wage would boost the economy and create jobs. According to the Economic Policy Institute, a $10.10 hourly minimum wage would generate around 85,000 additional employment over a three-year phase-in period and infuse $22.1 billion net into the economy. A minimum wage of Wmin can be imposed above equilibrium, functioning as a floor below which wages can fall, if governments believe that wages in a competitive market like W1 are not high enough for employees to maintain a reasonable standard of living.
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Demand in industrial markets is different from that in consumer markets. All of the following are factors that differentiate the industrial market from the consumer market EXCEPT:
1. stages in economic development affect demand for industrial products.
2. demand is more volatile in the industrial market.
3. stages in industrial development affect demand for industrial products.
4. the level of technology of products and services makes their sale more appropriate in some countries than others.
5. industrial products are always more expensive than consumer products
The level of technology of products and services makes their sale more appropriate in some countries than others is not a factor that differentiate the industrial market from the consumer market.
In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services.
Agriculture; mining; manufacturing; construction and transportation; communication and public utilities; banking, finance, and insurance; and services make up the majority of the industries that make up the industrial market (business market).
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The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and construction began on a new building. Costs incurred during the first year are listed as follows: Demolition of old building $ 9,000
Sale of salvaged materials (1,100)
Architect fees (for new building) 20,000 Legal fees (for title investigation of land) 3,000
Property taxes on the land for the first year) 1.000 Building construction costs 800
Interest costs related to the construction 300 Required: Determine the amounts that the company should record in the Land and the Building accounts. (Amounts to be deducted should be indicated by a minus sign.) Land Building Totals
The amount recorded in the land account is $73,000 and building account is $857,900.
A land account is a non-current asset account presented in the balance sheet. A land account is considered as part of the tangible property, plant, and equipment. A building account is an account that contains the carrying amount of buildings owned by a business.
The amounts that the company should record in the land account are purchase price and legal fees for the title investigation of land. Hence, the total amount recorded is $70,000 + $3,000 = $ 73,000.
The amounts that the company should record in the building account are demolition of old buildings, sale of salvaged materials, architect fees, building construction cost, and cost related to the construction. Hence, the total amount recorded is $9,000 + $(1100) + $20,000 + $800,000 + $30,000 = $857,900.
Note: The question is incomplete as two costs are incorrect. The correct amount is Building construction costs 800,000 and costs related to the construction 30,000.
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when a shopper recognizes similarities between themselves and a reviewer this tends to increase trust in product reviews, this is referred to as which of the following?
This is referred to as Confirmation Bias.
What do you mean by Confirmation Bias?
Our propensity to selectively choose information that supports our preexisting opinions or ideas is known as confirmation bias. Two persons with different opinions on a subject may encounter the same piece of information and feel justified by it, which is explained by confirmation bias. The psychology term "confirmation bias" describes the propensity of people to exclusively look for evidence that validates their own beliefs. As a result, you become biased in favor of your initial viewpoint since you will only ever find evidence to support your original viewpoint if you only look for it.To know more about Confirmation bias here
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is shown in a separate schedule to the statement of cash flows or in a separate note to the financial statements. a stock dividend an issuance of stock for land an appropriation of retained earnings a stock split
A stock dividend is shown in a separate schedule to the statement of cash flows or in a separate note to the financial statements.
The recording of stock dividends involves transferring funds from retained earnings to paid-in capital. The distribution's size will determine how much needs to be moved.
Treasury stock, commonly referred to as treasury shares or reacquired stock, denotes previously outstanding stock that the issuing business has acquired from stockholders. The overall number of outstanding shares on the open market declines as a result. Treasury stock is still issued but is not taken into account for calculating dividends or earnings per share (EPS).
Formerly outstanding stock that has been repurchased and is now retained by the issuing business is known as treasury stock.
Treasury stock is a counter equity account since it lowers the overall shareholders' equity on a company's balance sheet.
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