Option b. $8,800 is the correct answer. The maintenance expense to be allocated to Assembly is $8800 as per the given budget and allocations
Service Costs are costs incurred by the service departments in assisting the production departments inside the company. Therefore, the service department cost is allocated to the production departments.
Maintenance Department Expense of Assembly = Maintenance Department Expense x (Square Footage of Assembly / Total Square Footage)
Maintenance Department Expense of Assembly = $26,400 x ( 2000 / 6,000)
Maintenance Department Expense of Assembly = $26,400 x 0.3333
Maintenance Department Expense of Assembly = $8799 or $8800
Hence the maintenance department expense of assembly is $8800
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on january 15, ross furniture, inc., accepts a $5,000, 180-day, 10 percent note from a customer at the time of a product sale. prepare the january 15 entry for ross furniture by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
The two accounts will be notes receivable account and sales revenue account. The notes receivable account will be debited by $5000 and the sales revenue will be credited by $5000.
In a journal, business transactions are recorded in a chronological fashion. Recording journals is the first step in the creation of final accounts.
A customer's $5,000 note was accepted on January 15.
There are two accounts at play here: Sales revenue and Notes receivable
Both sales revenue and notes receivable are revenue items.
Entry:
Notes receivable account will be debited by $5000.
Sales revenue account will be credited by $5000.
Date Particulars Debit Credit
Jan- 15 Notes receivable account 5000
To sales revenue account 5000
(Being record of notes accepted
on sale)
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Tree Row Bank wishes to take a position in Treasury bondfutures contracts,which currently have a quote of 95-040.Tree Row thinks interest rates will go up over the period ofinvestment. a. Should the bank go long or short on the futurescontracts? - if interest rate increases over the period of investment,treasury bond prices will decrease. Thus, Tree row shouldtake a short position in the futures contracts on the treasurybonds. As T-bond prices go down, so will T-bond futureprices
Answer:A.)If interest rates increase over the period of investment, Treasury bond prices will decrease. Thus, Tree Row should take a short position in the futures contracts on the Treasury bonds. As T-bond prices go down, so will T-bond futures prices.
Explanation:b. Given a short position: Sale price of futures = 95-040 = 95 4/32% x $100,000 = $95,125
- Purchase price of futures = 94-280 = 94 28/32% x $100,000 = $94,875
Net profit = $250
c. Given a short position: Sale price of futures = 95-040 = 95 4/32% x $100,000 = $95,125.00
- Purchase price of futures = 95-210 = 95 21/32% x $100,000 =$95,656.25
Net profit = -$ 531.25
introduction this memorandum report identifies and explains key microeconomic principles using a set of simulation games. the outcome of these games illustrate how microeconomic principles can be applied within real-life situations to help us make better business decisions. this report is a summary of the simulations i played and their results, which include the key takeaways and their significance, for your review and reference. it is divided into the following sections:
It is divided into the following sections:1. Comparative Advantage 2. Competitive Markets and Externalities 3. Production, Entry, and Exit 4. Market Structures (including the Price Discrimination and Cournot simulations)5. Conclusions 6. References.
What is memorandum report?Memoranda are short, informal reports that are used to create records. By transferring the message from one or more authors to one or more recipients, they broadly define the communication process. a written document with information about a specific topic that has been developed expressly for a person or group of people: Ann will issue a memo describing the new processes to the staff. Messages sent over email frequently take the form of memoranda. One of the most adaptable organizational papers is the memorandum. A memo, usually referred to as a memo, is a written communication that details a specific issue and/or potential solution to a group or organization. An action plan with detailed instructions on how to carry it out should be included in a memo. Memoranda should be succinct and to the point.
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You've just been assigned to prepare a ____ ratio analysis showing your company's ability to pay interest on its debts from its operating income.A)profit marginB)interest coverageC)management efficiencyD)management effectiveness
You've just been assigned to prepare a interest coverage ratio analysis showing your company's ability to pay interest on its debts from its operating income.
A debt and profitability measure called the interest coverage ratio is used to assess how easily a business can pay the interest on its existing debt. Divided by interest expense during a specific time period, a company's earnings before interest and taxes (EBIT) yields the interest coverage ratio.
The times interest earned (TIE) ratio is another name for the interest coverage ratio. This method is frequently used by lenders, investors, and creditors to assess a company's riskiness in relation to its present debt or for potential future borrowing.
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Which of the following is added to operating expenses under the direct method? a decrease in net income a decrease in accrued expenses payable an increase in net income an increase in accrued expenses payable a decrease in accrued expenses payable
Option A - a decrease in net income a decrease in accrued expenses payable is added to operating expenses under the direct method.
One of two accounting treatments that are used to produce a cash flow statement is the direct method. The statement of cash flows direct method does not convert the operational section from accrual accounting to a cash basis; rather, it uses real cash inflows and outflows from the company's activities. Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortisation, interest, and taxes for a certain accounting period.
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_________ refers to the strategic combination of the four basic marketing mix elements.
a. The marketing plan
b. The marketing program
c. Strategic control
d. The strategic mix
e. Implementation
Answer: b. The marketing program
The four elements of the fundamental marketing mix are strategically combined to form the marketing program.
The marketing program is a technique of conceptualizing the total scope of our marketing endeavors for the whole business. By our particular products or product families, this is dissected. There are products that occasionally cluster together because they share a similar quality or brand. That is referred to as a product family.
A marketing program outlines the outreach and PR initiatives that will be implemented over time, along with how the business will evaluate their success.
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On November 24, 2020, 26 passengers on Whispering Airlines Flight No. 901 were injured upon landing when the plane skidded off the runway. Personal injury suits for damages totaling $9,221,000 were filed on January 11, 2021, against the airline by 18 injured passengers. The airline carries no insurance. Legal counsel has studied each suit and advised Whispering that it is probable that it will pay 50% of the damages claimed. The financial statements for the year ended December 31, 2020, were issued February 27, 2021. (a2) Prepare the journal entry required by the airline in preparation of the December 31, 2020, financial statements. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020
Since the suit happened before the date of the financial proclamation and because of the way the result is horrible, plausible, and reasonably estimable, Windsor Carriers ought to report a misfortune and obligation in the December 31, 2020, fiscal summaries
To record loss and liability
Loss from Uninsured Accident ($9,221,000 * 50%) $4,610,500
Consequently, the Risk of an Uninsured Mishap is $4,610,500
Because of a mishap that happened in 2020, the carrier is a respondent in private physical issue suits adding up to $9,221,000. The Organization is charging the time of the setback with $4,610,500 in assessed losses, which addresses the sum that the organization's lawful direction appraisals will, at last, be granted.
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1.We can use the normal distribution to make confidence interval estimates for the population proportion, p, when: a. n(1 - p) ≥ 5 b. p has a normal distribution. c. Both np ≥ 5 and n(1 - p) ≥ 5. d. np ≥ 5 2.The margin of error in an interval estimate of the population mean is a function of all of the following except: a. sample mean. b. variability of the population. c. sample size. d. level of significance
We can use the normal distribution to make confidence interval estimates for the population proportion, p when np ≥ 5 and n(1−p) ≥ 5. The margin of error in an interval estimate of the population mean is a function of the sample mean.
It is impossible to measure each value in order to determine the population proportion when the populations of data values are vast. A confidence interval is constructed using a sample and includes a lower and upper border value (which most likely comprises the population proportion).
We can use the normal distribution to make confidence interval estimates for the population proportion, p when np ≥ 5 and n(1−p) ≥ 5. Because for probabilities that do not fit those two criteria, the normal distribution is not an acceptable replacement for the binomial distribution.
The margin of error in an interval estimate of the population mean is a function of the sample mean because the mean is not included in the margin of error equation.
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he following cost information pertained to the violin division of stringing music company and was based on monthly demand and sales of 100 units: per-unit costs variable production costs: direct materials $ 170 direct labor 200 variable factory overhead 110 fixed production costs: depreciation (equipment) 70 factory rent 98 other 22 total production cost $ 670 variable selling $ 46 per unit Fixed selling & administrative costs $ 58 per unit Assume that the Violin Division was evaluating whether it would accept a special sales order for 65 violins at $500 per unit. For this purpose, total relevant cost per unit (given the costs stated above) is:
Based on monthly demand and sales of 100 pieces, the cost data below for the violin division of the stringing music company was as follows: cost per unit variable costs of production direct resources Direct labor costs of $170, $200 in variable manufacturing overhead, and 110 in fixed production costs.
$430. Selling price per unit minus variable cost per unit is $1,360. Contribution margin per unit on regular (i.e., recurring) sales = (given) Variable selling and administrative cost per unit = $1,360 ($300 + $330 + $240) $60 = $1,360 $870 $60 = $430. Variable production cost per unit .
Costs that are fixed are those that don't change based on volume. The majority of fixed costs are expenses that depend more on time than they do on how much your company produces or sells. Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs.
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Using a supply and demand analysis show first the labour market in equilibrium, and then
show
a) the effect of a reduction in the demand for labour as a consequence of a pandemic.
b) The effect of a government subsidy to producers to restore the employment of labour.
Provide a diagram with clear axis details. Make sure to explain what sort of assumptions you
are making on the elasticities of demand and supp.
If there is a decrease in labor demand as a result of a pandemic, the labor demand curve will shift to the left.
If the government offers a subsidy to producers in order to restore labor employment, the quantity supplied for labor will shift to the right.
What is the demand?The term “demand” relies on people's needs and wants to the amount of goods and services. Demand is an economic notion that deals with the connection between consumer demand for goods and services and their market prices.
If there is a decrease in labor demand as a result of a pandemic, the labor demand curve will shift to the left. This indicates that companies will be ready to hire fewer staff at any given salary rate.
If the government offers a subsidy to companies in order to restore labor employment, the quantity supplied for labor will shift to the right. This suggests that workers will be prepared to provide additional labor at any given wage rate.
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FILL IN THE BLANK. in a barter economy, people are to specialize in the production of one good or service, compared to in a money economy.
People are less likely to specialize in the production of a single commodity or service in a barter system than in a money economy.
What is the barter system?Barter is an exchange system in which participants directly trade commodities or services for other goods or services without the use of a medium of exchange such as money. Economists contrast barter economies with gift economies in a variety of ways; for example, barter offers instantaneous reciprocal transaction rather than one that is delayed in time. Bartering is normally done bilaterally, but it may also be done multilaterally. Only to a limited extent does barter operate alongside monetary systems in most developed countries.
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In the triggering event and the implementation stages of the start-up process model, which of the following environmental small business?
Select one:
a. competition
b. bankers
c. role models
d. suppliers
Option D. Suppliers are a key part of the start-up process model, as they provide the resources necessary for the business to get off the ground.
In the triggering event and implementation stages, suppliers can help entrepreneurs with the materials and services needed to start the business.
Which of environmental small business is as the statement?Option D. SuppliersSuppliers are a vital part of the start-up process model, as they are responsible for providing the resources needed to get the business off the ground. In the triggering event stage, suppliers can help entrepreneurs source the materials, products, and other resources required to start the business. During the implementation stage, suppliers are also needed to provide services and materials that are necessary to build the business's infrastructure and launch the product or service.
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select from the option list provided the type(s) of partnership(s)for which each statement is true. each choice may be used once more than once, or not at all. 1. the right to transfer an interest in the partnership
The right to transfer an interest in the partnerships is both general partnerships and limited partnerships.
An organization of people or an unincorporated corporation having the following key characteristics is known as a general partnership, which is the fundamental type of partnership under common law. The agreement, evidence of existence, and estoppel are all necessary for creation.
Two or more people who agree to do business for profit under the name "general partners" make up general partnerships. The general partners' personal interests must be put aside in favor of the partnership's interests since they have a fiduciary obligation of loyalty and trust to the other partners. General partnerships also have the advantages of being straightforward and adaptable.
The given question is incomplete, the complete question is:
select from the option list provided the type(s) of partnership(s)for which each statement is true. each choice may be used once more than once, or not at all. 1. the right to transfer an interest in the partnership. Select an option below: general partnerships, limited partnerships, both general partnerships and limited partnerships, neither general partnerships nor limited partnerships.
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Which of the following are project manager responsibilities during the closing phase? Select all that apply.
a. Complete the project proposal
b. Reflect on lessons learned
c. Ensure all tasks are complete
d. Confirm acceptance of the project outcome
Closure of processes activities obtain acceptance of the project deliverables transfer of operations and support responsibilities document lessons learned throughout the project formalize the closing.
The project manager will also review the entire project before closing it, rating performance,and comparing it to the baseline.The project team will be part of this process,offering their observations and feedback,which are collected in a lessons learned document.This provides guidance for future projects.Project planning and monitoring adopt any delegation and use of project assurance functions within the agreed reporting structures.Prepare and maintain project plans, stages, and exceptions as needed manage project risks,including the development of contingency plans.In the planning phase, the project manager works with the project team to create the technical design,task list,resource plan,communications plan,budget, and initial project schedule,and establishes the roles and responsibilities of the project team and its stakeholders.The key activities in project completion are the collection of project records disseminate information to formalize the acceptance of the product,service or project.
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on april 5, 20x9, you discovered that on february 16, 20x9, a flood destroyed the entire uninsured inventory in one of pumpkin's warehouses.on february 17, 20x9, you discovered that on february 16, 20x9, a flood destroyed the entire uninsured inventory in one of pumpkin's warehouses.on february 17, 20x9, you discovered that on november 30, 20x8, a flood destroyed the entire uninsured inventory in one of pumpkin's warehouses.on april 5, 20x9, you discovered that on march 30, 20x9, a fire destroyed one of pumpkin's 10 plants.on april 7, 20x9, you discovered that a debtor of pumpkin went bankrupt on january 6, 20x9.on january 16, 20x9, a lawsuit was filed against pumpkin for a patent infringement action that allegedly took place in early 20x8. in the opinion of pumpkin's attorneys, there is a reasonable (but not probable) danger of a significant loss to pumpkin.on february 19, 20x9, pumpkin settled a lawsuit out of court that had originated in 20x8 and is currently listed as a contingent liability.
Situation Possible actions no action is to be taken as there is a reasonable (but not probable) danger of a significant loss to pumpkin.
What factors lead to business losses?Poor asset utilization, ineffective working capital management, a lack of costing and pricing, a lack of planning and budgeting, inappropriate money use or diversion, and a thin equity foundation.
How may business loss be demonstrated?Limitations on company losses can be calculated using IRS Form 461 and reported on a personal tax return. This form collects data on your annual total income or loss from all sources. If your losses are limited, you can determine this by subtracting the business loss and comparing the result to the excess loss limits.
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Now that she is selling mixers and her customers can use credit cards to pay for them, Natalie is thinking of upgrading her website to include the online sale of mixers and payment by credit card. This would enable her to sell these mixers to a wider range of customers using the Internet.
Natalie contacts her brother who originally prepared the website for her. He agrees to upgrade the site so it can handle credit card security issues as well as direct order entry. The cost of the upgrade is $1, 800. This cost would be incurred and paid for during the month of August 2018, and the upgrade would be operational on September 1, 2018. Recall that Natalie's website had an original cost of $600 and is being amortized using the straight-line method over 24 months, starting December 1, 2017, with zero residual value. Additional costs for website maintenance and insurance are estimated to be $1, 200 per year.
If Natalie decides to upgrade the website, its useful life will not change and there will be no change in residual value.
Natalie upgrade the website by Preparing the journal to record,Calculating the monthly expenses before and after the accumulated amortization, calculation of revised monthly expenses, calculate the accumulated amortization and book value
(a) Preparing the journal to record for the upgrade
at
31-Aug-21
web site is upgraded $ 1800 is
debited in the form of cash
(b) Calculating the monthly expenses before and after the accumulated amortization
the original value of the website is $600
life of the website is 24 months
amortization per month is $25
accumulated amortization is $225
book value on 31-aug-21 is $375
(c) calculation of revised monthly expenses for 1- Sep- 2021:-
new value of website on 1-Sep-2021 is ($1800+$375)
=> $2,175
Amortization per month is ($2175/15)
=> $145
(d) calculate the accumulated amortization and book value as
on 31-Dec-2021 :-
the accumulated depreciation is ($580+$225)
=> 805
the booked value of the website is ( $ 2175-$805)
=> $1370
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TRUE/FALSE. the resource-based view of global business differs from the institution-based view of global business in that the resource-based view
The resource-based view of Global business differs from the institution-based view of global business in that the resource-based view. This is true.
It focuses on the internal strengths of the establishment. The Resource-Grounded View( RBV) of the establishment starts from the conception that an establishment's performance is determined by the finances it has at its disposal. The way these coffers are used and configured enables the establishment to perform and can give a distinct competitive advantage.
The focus is on the establishment and the development of applicable finances. It's the accession and preservation of means and capabilities that are the primary function of the establishment. Competitive advantage is grounded on the achievement and deployment of unique finances and capabilities.
The institution-grounded view suggests that foreign entrants need to develop a strong knowledge of the rules of the game, both formal and informal in host countries. The assiduity-grounded view suggests that the degree of competitiveness in an industry determines an organization's performance.
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a child is at risk, it means that the child is exposed to certain factors, such as unsettled home life or poverty, that increase the chances
A child is at risk, which means that the child is exposed to certain factors, such as unsettled home life or poverty, that increase the chances of exposure to violence.
Children at risk experience neglect in aspects of mental, physical, emotional, social, and behavioral development. Neglect and abuse hamper children's ability to develop trust, intimacy, and relations with others. Various factors influence the exposure of children to violence such as lack of parental care, family violence, parental use of alcohol, mental instability in parents, and others.
Exposure to violence disrupts the transitions of children to adolescence and adulthood further. Neglecting the health of children or aggressive parenting also contributes to a disrupted transition from childhood to adolescence.
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FILL IN THE BLANK carin, inc. declared a 50% stock dividend on january 15, when there were 10,000 shares of $1 par value stock issued and outstanding, and the market value was $20. the entry to record the declaration will include debit to the account, in the amount of _______
when a stock with a $1 par value had 10,000 issued and outstanding shares and a $20 market value. A $5000 debit to the account will be included in the entry to record the declaration.
Dividends over 25% are considered substantial stock dividends and are recorded at par value.
Amount of Stock Dividend = $10,000 * 1 * 50% = $5,000
The Common Stock Dividend Distributable account will be debited $5,000 as part of the entry to reflect the stock distribution.
The price an asset would sell for in the market, or the value the investment community assigns to a certain equity or company, is known as market value (also known as OMV, or "open market valuation").
The term "market value" is also frequently used to describe a publicly traded company's market capitalization, which is derived by dividing the number of outstanding shares by the current share price.
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lisun company produces a variety of gardening tools and aids. the company is examining the possibility of investing in a new production system that will reduce the costs of the current system. the new system will require a cash investment of $4,607,200 and will produce net cash savings of $800,000 per year. the system has a projected life of 9 years. required: calculate the irr for the new production system. for discount factors use exhibit 12b-2. round your answer to the nearest whole percentage. fill in the blank 1 %
The Internal Rate of Return for the new Production system at Lisun Company is 10%. The Present Value for the Internal Rate of Return should now be determined.
Given:
Internal Rate of Return PV factor equals Investment Cost/Annual Net Cash Savings
Internal Rate of Return PV Factor: 4607200/800000 = 5.759
The Present Value of an Annuity of $1 table's PV factor of 5.759 comes the closest to 10%
The Present Value for the Internal Rate of Return should now be determined.
= Investment Cost/Net Cash Savings
each year
Invested in cash: $4,607,200
Savings in Net Cash: $800,000
IRR's PV is equal to $4,607,200/$800,000.
= 5.759
We must look up the Present Value and Future Value table because the PV factor is 5,759. When the 9 year column is examined, the 5.759 is connected to the 10% discount rate.
Internal Rate of Return is thus 10%.
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the total cost method includes all manufacturing costs plus selling and adminstratice espenses in the cost amount to which the markup is added to determine profuct price
The total cost method includes all manufacturing costs plus selling and administrative expenses in the cost amount to which the markup is added to determine product price is TRUE.
Total cost method is a pricing strategy which includes all production cost of a products and its related expenses then adding profit to the resulting amount. This method allows a company to put the highest price as possible based on its desired profits.
However, this method is disfavored by the boards and courts because it ssumes the reasonableness of a company's costs, the accuracy of its bid computations, and its lack of responsibility for increases in costs.
To overcome this issue, the modified total cost method is developed which is the adjusted version of total cost method for any deficiencies in the company's proof in satisfying the requirements of the total cost method.
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For goods-producing firms, at which of the following levels of resource planning does scheduling for individual subassemblies and resources by week and day take place?
a. Aggregate planning
b. Disaggregation
c. Execution
d. Demand forecastingb. Disaggregation
At the disaggregation levels of resource planning, individual subassemblies and resources are scheduled by week and day for goods-producing companies. A disaggregation process in manufacturing planning and control (MPC) breaks down a higher-level plan into more specific, comprehensive plans and schedules.
Krajewski and Ritzman were the first to recognize disaggregation as a category of manufacturing issues (1977). Disaggregation is the entire process of moving from general plans to more specific plans, according to their definition.While the disaggregation process in traditional manufacturing systems has received widespread recognition, there has been relatively little research done on the topic in the context of automated manufacturing systems (AMS).The high-level plan is frequently too broad and therefore unfinished. It should be enhanced by and put into practice in complete operational schedules. The disaggregation process also accurately captures the reality of hierarchical planning and control.Therefore, it is true to say that at the disaggregation levels of resource planning, specific subassemblies and resources are timetabled by week and day for businesses that produce goods.
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Thomas learned that one of the reasons he wasn’t promoted to department head was because other managers at the same level knew little about him, whereas the person who was promoted had built relationships and was known to others. This is an example of what source of power?Coercive PowerFramingAlliances and networksPersonal power
Power comes from a variety of factors in leadership, including position, personality traits, subject-matter knowledge, and skill.
What are power and its sources?Power is the capacity to accomplish goals, occasionally in spite of opposition from others. Legitimate power, expert power, personal power, coercive power, and informational power are just a few of the many sources of power available to leaders.
How many types of electrical sources are there?Nuclear energy, renewable energy sources, and fossil fuels are the three primary forms of energy utilized to create electricity (coal, natural gas, and petroleum). The majority of the world's energy is produced by steam turbines using fossil fuels, nuclear power, biomass, geothermal, and solar thermal energy.
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Identify the true statements about Kaizen Improvement.
Kaizen refers to eliminating inventories. Both lean systems and just-in-time (JIT) systems can benefit from kaizen. Cost reduction can be achieved by kaizen.
What does "Kaizen Improvement" mean?Since the term's introduction as a systematic method for company improvement, businesses who use KAIZENTM have consistently produced better outcomes. Continuous improvement costing is referred to as kaizen costing. This method concentrates on examining the expenses incurred.
Kaizen, also known as continuous improvement, asserts that an organization can only succeed in the long run if every employee seeks out and implements improvements on a daily basis.
The pursuit of minor changes encourages reflection on the procedure and how it is being run.
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question:-
Identify a true statement about kaizen.
O It involves a huge financial investment.
O It is performed on a part-time basis.
O It is an intense, rapid improvement process.
O It is based on the concept of continuous improvement.
Which of the following is a performance measure commonly used to assess the performance of investment centers?
A. Return on investment
B. Profit margin
C. Current ratio
D. Gross income
Return on investment is a performance measure commonly used to assess the performance of investment centers.
What does investing mean?A purchase made with the goal of generating income or capital growth is known as an investment. Appreciate is the word for an asset's value rising over time. When a person has made an investment, they do not intend to utilize the product immediately; instead, they intend to use it to build wealth over time.
Why is investing crucial?Investing is a smart way to put your money to work and might even make you richer. Your cash may grow in value and outpace inflation if you make wise investments. The power of compounding and the trade-off between risk and return are the main reasons investing has a higher growth potential.
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which of the following information should be disclosed in the summary of significant accounting policies? refinancing of debt subsequent to the balance sheet date. guarantees of indebtedness of others. criteria for determining which investments are treated as cash equivalents. adequacy of pension plan assets relative to vested benefits.
The answer is "A". As refining of debt subsequent to the balance sheet date should be disclosed in summary of significant accounting policies.
What significant accounting policy?Significant accounting policies are particular accounting methods and principles that a company uses and believes are the most suitable in the present to utilize in order to fairly disclose its financial statements.
Option (a) is correct as Policies should be disclosed in the summary of important accounting policies. The "basis" of profit recognition on long-term building contracts is the only policy in this topic. The summary of important accounting policies does not include the other disclosures, which are accounting specifics that would be included in other footnotes.
Option (b) is incorrect as overview of major accounting policies should not include the future minimum lease payments.
Option (c) is incorrect as expenses for depreciation should be disclosed, but not in the summary of material accounting policies.
Option (d) is incorrect as it shouldn't be included in the overview of important accounting standards, the breakdown of sales by segment should be given.
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An individual has been hired by a person to assist in the selling of securities it is issuing to residents of State A. The individual would be defined as an agent under the Uniform Securities Act if the issuer is
A)a credit union organized and supervised under the laws of State A
B)issuing commercial paper in minimum denominations of $100,000 with an AA rating and a 6month maturity.
C)a trust company organized and supervised under the laws of State B.
D)the city of Saskatoon, Saskatchewan (Canada).
Explanation
The question explains about Uniform Securities Act. The answer is option A, a credit union organized and supervised under the laws of State A.
Explanation: When an individual represents the issuer of certain pure securities in the trade of those securities to the public, that existence isn't included in the USA's description of an agent. Credit unions aren't on that list so those individuals are agents and must be registered as similar.
Entities representing banks, including savings institutions and trust companies when organized and supervised under the laws of any state( not perforce the state in which the securities will be put up), aren't agents. However, if the agent represents the issuer of marketable paper meeting the impunity conditions of the USA($ 50).
The Uniform Securities Act is a model law created as a starting point for the state- position of securities regulation. The purpose of the Uniform Securities Act is to deal with securities fraud at the state position and to help the Securities and Exchange Commission( SEC) in enforcement and regulation.
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the u. s. government ordering discontinuation of the process of freely sharing wage and salary information among organizations because:
The United States government ordered that the practice of freely exchanging income and salary information among organizations be discontinued because the practice of was salary prohibited by changing entrust legislation.
What is the organization?A company, institution, association, or another type of entity made up of one or more people serving a specific purpose is referred to as an organization or organization. The word is derived from the Greek word organon, which also refers to an organ and various tools or instruments.
A methodical technique to give employees financial value in exchange for their labor is called compensation. Compensation can help with organization recruitment, job performance, and job happiness, among other things.
Therefore, organizations are disbanded because the practice of paying salaries was made illegal by the new trust law.
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assume that the price of good x decreases from $10 to $9 per unit and that the quantity demanded of good x increases from 25 to 30 units. in this price range, the demand for good x is group of answer choices
Good X has an elastic demand.
What is elastic demand?An elastic demand is one where there is a significant shift in the quantity sought as a result of a price change.
Which 3 elasticity types are there?Elasticity is a term used to describe how responsive one economic variable is to changes in another economic variable. Prices, cross-price elasticity, and income elasticity of demand are the three main types of elasticity.
What are elasticity's several types?Price Elasticity of Demand (PED), Cross Elasticity of Demand (XED), and Income Elasticity are the three basic categories under which demand elasticity is divided based on factors influencing the quantity demanded for a product
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on november 1, eli co. received a $6,000, 60-day, 6% note from a customer as payment on his $6,000 account. eli's journal entry to record this transaction on november 1, would include a: (check all that apply.)
Credit of $6,000 to Accounts Receivable a $6000 debit to notes payable Eli Co. must document the likely cash inflow and outflow in the account document for the supplied report.
The amount that the business got is recorded as a credit to its account, while the amount that it will repay the lender is recorded as a debit. Later, the debit will be paid. A maker of furniture who has supplied furniture to a retail business is an example of an account receivable. Payment due is noted under accounts receivable once the manufacturer bills the retailer for the furniture. The maker of the furniture is awaiting payment from the retailer.
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