The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.
GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net revenues: $ 172,710 Expenses: Cost of goods sold $ 38,900 Operating expenses 56,280 Depreciation expense 17,850 Interest expense 7,782 Income tax expense 14,900 Total expenses 135,712 Net income $ 36,998 GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
Increase (I) or
2022 2021 Decrease (D)
Assets Current assets: Cash $ 211,112 $ 61,860 $ 149,252 (I)
Accounts receivable 48,320 0 48,320 (I)
Inventory 7,800 0 7,800 (I)
Other current assets 980 4,820 3,840 (D)
Long-term assets: Land 580,000 0 580,000 (I)
Buildings 824,000 0 824,000 (I)
Equipment 70,240 44,000 26,240 (I)
Accumulated depreciation (26,050 ) (8,200 ) 17,850 (I)
Total assets $ 1,716,402 $ 105,200 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 24,320 $ 2,960 $ 21,360 (I)
Interest payable 790 790 Income tax payable 14,900 14,080 820 (I)
Other current liabilities 23,400 0 23,400 (I)
Notes payable (current and long-term) 603,704 30,800 572,904 (I)
Stockholders’ equity: Common stock 128,000 20,000 108,000 (I)
Paid-in capital 976,800 0 976,800 (I)
Retained earnings 58,488 33,850 24,638 (I)
Treasury stock (114,000 ) 0 (114,000 ) (I)
Total liabilities and stockholders’ equity $ 1,716,402 $ 105,200 Additional Information for 2022:
Land of $580,000 was obtained by issuing a note payable to the seller.
Buildings of $824,000 and equipment of $26,240 were purchased using cash.
Monthly payments during the year reduced notes payable by $7,096.
Issued common stock for $1,080,000.
Purchased 10,800 shares of treasury stock for $19 per share.
Sold 4,800 shares of treasury stock at $20 per share.
Declared and paid a cash dividend of $12,360
Required:
Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
GREAT ADVENTURES, INC.
Statement of Cash Flows
For the Year Ended December 31, 2022
Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities $0
Cash Flows from Investing Activities Net cash flow from investing activities 0
Cash Flows from Financing Activities Net cash flows from financing activities 0
0
Cash at the beginning of the period Cash at the end of the period $0
Note: Noncash Activities

The net cash flow from operating activities is $15,900  as per the cash flow statement.

The cash flow statement is the financial statement that records the inflow and outflow of cash from the company or the business. This statement is important as it is used for investment or borrowing decision-making by the managers of the company.

The operating activities section of the cash flow statement for Rodriguez Company is calculated as-

Net Loss                                                                                      $(8,320)

Adjustments:

Depreciation expense           $7,700

Amortization of copyright       $220                                            $ 7,920

Change in working capital    

Decrease in accounts receivable  $6,800

Increase in salaries payable            $12,800

Decrease in other current liabilities  $ (3,300)                           $16,300

Net cash flow from operating activity                                        $15,900

Therefore $15,900 is the net cash flow from operating activities.

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Your question is incomplete, but most probably the full question was,

Rodriguez company completed its income statement and comparative balance sheet for the current year and provided the following information: income statement for current year service revenue $ 52,000 expenses salaries $ 41,900 depreciation 7,700 amortization of copyrights 220 other expenses 10,500 60,320 net loss $ (8,320) partial balance sheet current year prior year accounts receivable $ 9,600 $ 16,400 salaries payable 14,300 1,500 other accrued liabilities 2,700 6,000 in addition, Rodriguez bought a small service machine for $5,600. required:

1. Present the operating activities section of the statement of cash flows for Rodriguez  Company using the indirect method.

A document from a magazine editor that provides the details on the topic, structure, length, and tone of the story, as well as the deadline and the fee you will be paid, is called a Pitch. Thus the correct option is A.

A magazine is a type of book that incorporates information from several categories, such as recipes, travel blogs, cutting-edge concepts from various cultures, and the significance as well as fashion advice for professionals and celebrities.

A pitch is a visual presentation that gives investors crucial details about your business plan, products or services, and important metrics like capitalization, marketing objectives, and financial targets.

Therefore, option A is appropriate.

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Answer:

Quick learner, enthusiastic worker

Explanation:

Component parts become a part of a physical product and consist of either finished items ready for assembly or products that need little processing before assembly.

Component parts are smaller parts/materials that are used to build a larger product. They can be finished items ready to be assembled, or they may require some additional processing before they can be assembled. In either case, component parts are a critical part of the manufacturing process, as they are used to create the final product.

Component parts can be made from metal, plastic, wood etc. They can be produced through manufacturing processes, such as molding, casting, and machining. The specific component parts and manufacturing processes used will depend on the requirements of the final product and the materials and technologies available. By ensuring that component parts are of high quality and fit well together, manufacturers can reduce the risk of defects and improve the overall performance of the final product.

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When the user is not informed of any database changes until the transaction is finished, it is said that a transaction is isolated.

An aborted transaction must not change the database's state in order to maintain the atomicity characteristic. Therefore, any modifications to the database that the failed transaction made must be reversed. We refer to a transaction as having been rolled back once the modifications brought about by an aborted transaction have been undone. Commits are used by transaction processing to regulate database activities. Commands to the database are known as commits. You can set up transactions to be committed manually or automatically. When modifications are made, an auto commit transaction promptly and permanently publishes the changes to the database. This level of isolation is the strictest. The transaction retains write locks on all rows it adds, modifies, or deletes as well as read locks on all rows it references.

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Money is used as a unit of account. Money is used to measure the exchange value and costs of goods, services, assets and resources.

When economists say that cash serves as a unit of account, they suggest that it is: a economic unit for measuring and evaluating the relative values of products. When economists say that cash serves as a shop of fee, they suggest that it is: a manner to preserve wealth in a with no trouble spendable shape for destiny use.

As a unit of account, cash is used to specific the fee of products and services. This characteristic of cash promotes financial performance and minimizes transaction fees via way of means of casting off the want of expressing the fee of every commodity in phrases of each different commodity. Unit of account. A unit of account in economics is a nominal economic unit of degree or forex used to symbolize the actual fee (or cost) of any financial item, i.e. goods, services, assets, liabilities, income, expenses.

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In order for an organization to maintain a competitive advantage, it must stay ahead of its competition in customer responsiveness, innovation, quality, and efficiency.

A client is the recipient of a great, carrier, product or an idea - received from a seller, supplier, or provider thru a monetary transaction or change for cash or a few different valuable consideration.

A client is a person or enterprise that buys goods or offerings from any other enterprise. customers are important because they generate sales. with out them, businesses would exit of business.

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If the utility you obtain from your next dollar of wealth increases by less than a dollar's loss reduces it, you are demonstrating loss aversion.

Therefore, Option A is accurate.

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Employees who are being groomed for supply chain managerial positions should not be in rotation programs that are developed and controlled by a single leader. This statement is false.

Rotational programs are initiatives run by the company in which participants "rotate" across various facets of the business for certain amounts of time.

Further employers can assist staff members in maintaining perspective by implementing a job rotation program. When people execute the same duties every day, they may become accustomed to certain aspects of the routine or discover techniques to reduce their effort or save time on a particular project.

Therefore depending on participant interests and business needs, the Supply Chain Development Program offers associates the chance to rotate among 3-5 assignments that will expose them to the whole supply chain.

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one output unit is permitted by the standard input at the usual price per input. standard cost For each variable direct cost input, the standard cost per output unit is derived by multiplying the developed.

for a period by the expected production. A standard cost is an estimated expense that normally occurs during the production of a good or the delivery of a service. To put it another way, standard cost is the projected amount of money a company will need to spend in order to produce a good or offer a service under ordinary conditions. Paying rent, utilities, insurance, office staff salaries, and other obligations are a few examples. the standard fixed.

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Supply of loan able fund is $140 billion.

As per the details provided in the above question is as follow,

The national saving of a country is $140 billion.

While the expenditure of government is $80billion.

Further the taxes of $70billion.

Also the domestic investment of $180billion.

While the net capital flow is -$40 billion

Thus what is the supply loan able funds?

We are aware that the availability of loan able funds indicates national savings. Government, business, and the general public all contribute to national savings. It does not incorporate government expenditure into an account.

Therefore we can say that,

Supply of Loanable Fund = National saving = $140 billion

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One reason the follow-up blank is so important is that the cost and effort to obtain repeat sales from a satisfied customer is roughly half of that necessary to gain a sale from a new customer.

A customer is a person who receives an item, service, product or idea in the commercial, commercial or economic field that he has purchased from a seller, seller or supplier in exchange for money or consideration. other useful.

The gift economy based on favors was the mainstay of early cultures. Later, as business grew, less stable human relationships were created, based on fleeting desires rather than persistent social desires. Customers are generally defined as individuals who purchase products and services, while customers are those who receive direct advice and support.

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If on November 1, 2021, Taylor signed a one-year agreement to offer handyman services as needed to King Associates, Taylor should report income in the amount of $640 in 2021.

Since there is no doubt about the amount of the payment to be received, the contract is eligible for revenue recognition in 2021.

For two months of the deal, Taylor will have to report revenue in 2021.

Revenue to be recognized is 3840 * 2/12 = 640

The appropriate choice is Option B, $640.

Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.

A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.

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Mandatory spending requires government expenses on programs mandated by law. Social Security and Medicare are the largest mandatory programs the U.S. government has to pay for.

Social programmes like Medicare, Medicaid, and Social Security account for the majority of federal spending. Defense is much behind in importance.

These programmes' benefits are included in the mandated spending of the federal government because the Social Security Act, which authorised them, requires that we do so. Congress determines funds for our administrative budget even though they do not determine the benefits we pay out each year.

Mandatory expenditure typically, but not always, is ongoing; it happens every year absent a change in the underlying law that supplies the cash. Conversely, Congress must take action each year to authorise the financing for discretionary spending through an appropriations bill.

There is no need for Congress to vote each year to approve this kind of spending. Spending discretionary money is the second important category. Spending can be classified as either required or discretionary depending on whether it is governed by current law or put to a vote during the annual appropriations process.

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Kaplan and Scholar found of the following with respect to private equity firms Persistence in returns.

The average net IRR ranges from 20% to 25%. This would equate to a gross IRR of between 25% and 30%, in line with the expectations set by the PE investors.

Venture capital, growth equity, and buyouts are the three primary categories of private equity strategy. Each of these techniques has a role in the life cycle of an organization even if they don't compete with one another and require different abilities to succeed.

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The net present value of the cash flow stream with a required rate of 12% for 5 years is $-13,700.

The net present value is the difference between the present value of cash outflows and the present value of cash inflows.

The present value is the discounted future cash flows at an interest rate.

Cash outflow in Year 0 = $230,000

Annual cash inflows, Years 1 - 5 = $60,000 each

Period of project = 5 years

Required rate of return = 12%

Annuity factor for 5 years at 12% = 3.605

Present value of $60,000 annuity for 5 years = $216,300 ($60,000 x 3.605)

Net present value (NPV) = $-13,700 ($216,300 - $230,000)

Thus, this project yields a negative net present value (NPV) of $13,700 and should be rejected.

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Year                    0               1               2               3               4               5

Cash Flow   (230,000)   60,000   60,000    60,000    60,000    60,000

Bill Clinton helped create a large free market between Canada, the United States and Mexico by ratifying the NAFTA treaty.

instead of improving the trade balance with Canada and Mexico, NAFTA led to a surge in imports, leading to a huge new trade deficit between the US and his NAFTA. The US Department of Labor has determined that over 980,000 specific US jobs have been lost to NAFTA's flood of outsourcing and imports under just one draconian program.

Free-trade advocates generally point to lower prices for consumer goods as one of the main benefits of lower tariffs for American citizens. The average American benefits from lower prices as a result of NAFTA.

This agreement entered into force on January 1, 1994. The goal of NAFTA is to remove all tariff and non-tariff barriers to trade and investment between the United States, Canada and Mexico.

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This assertion is accurate. Avoiding false cause-and-effect claims is one piece of advice for developing well-supported business positions.

This misunderstanding assumes that events flow in a linear fashion. It is common for readers to mistake a time connection for a cause-and-effect relationship. EXAMPLES: When I wash my automobile, it always pours. We made a ton of cash at our garage sale prior to Joan's arrival.

The open, mutual exchange of ideas that is necessary for effective conversation is prevented by falsehoods. These fallacies mislead your audience by using a lot of rhetorical arguments rather than using strong logic.

When you are familiar with fallacies, you may recognize these errors in other people's arguments and avoid making them in your own. You'll also have a helpful tool for analyzing and describing arguments if you know how to classify and define the numerous common fallacies.

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It is false that most of the workplace messages you write are likely to deal with everyday problems that require simple answers using indirect methods.

Workplace communication is the means by which employees exchange information and ideas. Effective communication is an important aspect of getting work done, whether face-to-face or virtual, and is part of internal communication efforts within an organization.

Types of workplace communication: verbally, physically, by phone and in writing.

Effective communication in the workplace is about building connections with others in your organization and creating an environment where everyone is included and heard. Communicate in a way that helps your team reach its goals and progress.

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A dominating corporation, as defined by William Shepherd's analysis of competitive dynamics in the U.S. economy, is one that has more than 50% of the market share and has no direct competitors.

When there is just one company that is the most productive in an industry, a natural monopoly results.

It is unfeasible to have more than one company manufacturing the item under a natural monopoly since fixed costs are usually quite high. Tap water is an illustration of a natural monopoly.

This Act forbids mergers and acquisitions that are likely to reduce competition but carries no criminal sanctions. In accordance with this Act, the Government opposes mergers that are likely to raise consumer costs.

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The correct option is D ; Invasion of privacy , Unwanted phone calls that keep coming in, taking pictures or videos of someone inside their house or another private location,

without their knowledge or consent, leaking sensitive information about someone who has caused harm or injury, and more. making a private matter about someone public.

If a reasonable person would find the intrusion (snooping into someone's private life) objectionable, it would be considered a tort.

Without the public's knowledge, disclosure of embarrassing private facts is made public. When someone's appearance or voice is utilized for profit without their consent, this is known as commercial exploitation.

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Kawaski frequently purchases and sells jeeps, both new and used. Customers have contracts in place to buy these jeeps, thus Kawaski should record sales revenue.

On the other hand, since selling real estate is not one of Kawaski's regular business operations, the transaction would not constitute a contract with a client if Kawaski sold its corporate headquarters to a third party. In this situation, the transaction should reflect a gain or loss on sale. ( 2) No. Although this criterion was utilized in earlier GAAP, it frequently proved challenging to put into reality. Having a current responsibility to pay, actual possession, legal title, ownership risks and rewards, and acceptance of the asset are now signs that control has shifted to the client. (3) See earlier. (4) No. The likelihood of revenue collection is required for a contract to be considered genuine. (5) Understanding how these improvements in net income happened is important.

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The cash distribution received by Mr. and Mrs. Golding from PTJ mutual fund may be a capital gain distribution or qualified dividend distribution or may be ordinary income. Thus, none of the statements are false.

In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors.

The cash distribution by a mutual fund can be a capital gain distribution that is a cash payment made by a mutual fund to fund owners. If a mutual fund holds a capital asset for more than one year and then sells it, the fund usually passes on the profit to us as a capital gains distribution.

The cash distribution can also be a regular dividend distribution or a ordinary income distribution by the mutual fund.

Therefore, none of the statements in the options are false.

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The stock market crash of the year 1929 was a collapse of stock prices that began on 24th October 1929. By 29th October 1929, the Dow Jones Industrial Average had dropped by 30.57%, marking one of the worst in the history of the U.S.

It destroyed confidence in Wall Street markets and led to the Depression.

The first day of the crash was Black Thursday. The Dow opened at 305.85. It immediately down by 11%, signaling a stock market correction. Trading was triple the normal volume. Wall Street bankers feverishly bought shares to prop it up. The strategy worked nicely.

On Friday, 25th October the positive momentum continued. The Dow rose by 0.6% to 301.22.

On Black Monday, 28th October the Dow fell by 13.47% to 260.64.

On Black Tuesday, 29th October the Dow fell by 11.7% to 230.07.1 According to a New York Times article published a day later on 30th October 1929, panicked investors sold an unprecedented number of shares, 16,410,030 to be exact.

Black Monday and Tuesday were among the four worst days in the US. history.

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H0: The proportion of people who expressed interest in the TV show is equal to 29%  and Ha: The proportion of people who expressed interest in the TV show is greater than 29%.

A ratio is an ordered pair of numbers a and b, written a / b where b does not equal 0. A proportion is an equation in which two ratios are set equal to each other. For example, if there is 1 boy and 3 girls you could write the ratio as: 1 : 3 (for every one boy there are 3 girls) 1 / 4 are boys and 3 / 4 are girls.

The proportion formula is used to depict if two ratios or fractions are equal. We can find the missing value by dividing the given values. The proportion formula can be given as a: b::c : d = a/b = c/d where a and d are the extreme terms and b and c are the mean terms.

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It is true that a feasible region is a space where no constraints are violated and the optimal solution within the feasible region is the optimal solution.

A feasible region is defined by a set of coordinates satisfying a system of inequalities. This region occurs where the shaded areas of all inequalities in the graph overlap. The region satisfies all the constraints imposed by the linear programming scenario. The concept is base on  optimization technique.

Finding feasible area is important because the vertices (corners) of that range are the points you need to test to see if they lead to the maximum or minimum value you want in your question.

Feasible area are defined as values ​​that satisfy a certain constraint (minimum and maximum values, or range of values ​​in the LP equation). On the other hand, if the constraint is not satisfied by the LP equation, it falls into the unfeasible range.

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As per the sales, the total sales dollars to be reported on the sales budget for month ended June 30 is $652,800

Here we have given that Zhang Industries sells a product for $800. and we need to find  the total sales dollars to be reported on the sales budget for month ended June 30.

As we looking into the given question, we have identified the values of the following,

=> Unit sales price = $800

=> Units sold in May = 800 units

And the Total sales in May is calculated as

=> $800 * 800 units = $640,000

Here we know that Sales in next month are higher by 2% of the previous month.

So, it can be calculated as,

=> 800 x 2/100 = 16

Then the total sales on June is calculated as,

=> (800 + 16)  x 800

=> 816 x 800

=> $652,800

Therefore, option (C) is correct.

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When opening a margin account for a new customer, the registered representative would be most concerned if the individual does not have a savings account.

A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.

The borrowed funds are subject to interest charges by the brokers. Additionally, in order to be able to trade on margin, a minimum fixed dollar amount must be kept in the account, which is known as a maintenance margin.

The account's entire equity, which includes cash and the value of any securities, is subtracted to determine the minimum margin need. Consequently, a person needs to have a savings account.

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Keynesian economists emphasize the significance of aggregate demand and generally hold that assistance is necessary for the economy to return to the full-employment equilibrium.

Keynesian economists are adherents of the school of thought known as Keynesian economics, which takes its name, theories, and guiding principles from John Maynard Keynes, a British economist widely regarded as the father of modern macroeconomics.

The term "Keynesian economics" is used to describe the idea that the best possible economic performance could be attained—and economic downturns could be avoided—by influencing aggregate demand through governmental economic intervention.

Keynesian economists think that such intervention can lead to price stability and full employment.

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The statement is false : information technology has enhanced the effectiveness of relationship marketing by leveraging mass-marketing campaigns.

Information technology, sales, and marketing are increasingly collaborating. Over the past ten years, technological advancements have had a significant impact on people's lives and businesses, placing many B2B marketers in a wonderful world of so much technology.

However, with so much marketing technology available and the majority of B2B marketers lacking Information technology skills, the collaboration between marketing, sales, and Information technology teams is even more crucial.

Information technology and marketing have a very recent link. In fact, before technology improved, Information technology teams were assisting businesses with robotics in warehouses just ten years ago.

The needs of marketers and their interaction with information technology changed along with technology.

Since the advent of marketing technology, or more specifically "the MarTech stack," the marketing division has served as the hub for integrating all organizational tools. The majority of marketing professionals are continually attempting to catch up because of how quickly everything transpired.

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