The list of supplies and the amounts in storage in a medical office are the office inventory, which must be accurately maintained to ensure that the office does not run out of supplies.
Generally speaking, a medical office is a setting where one or more doctors, often general practitioners, see and treat patients. The majority of ambulatory care is provided at physician offices, which are frequently the first place a sick person would go for care with the exception of emergencies, in which case one would visit an emergency department in a hospital.
The majority of ambulatory care is provided at physician offices, which are frequently the first place a sick person is likely to seek care—with the exception of emergencies, in which case one might go to an emergency room in a hospital.
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https://promotion, layoff, and retirement policies are typically contained in:/92489636/practice-questions-flash-cards/
Promotion, layoff, and retirement regulations are normally contained in union contract (settlement).
What's the maximum critical part of union settlement?Labor union contracts are multiyear, bilateral agreements among the exertions union and the employer. Union settlement codifies the terms and situations of employment for union members, in addition to the employer's responsibilities.
Employee blessings are one of the maximum critical factors of union contracts. These blessings can consist of fitness coverage, holiday time, dental or imaginative and prescient coverage, pensions and lifestyles coverage
How lengthy do union contracts last?Union contracts normally expire after 3-4 years (relying on what period of time you and the organization agree on together), so usually negotiations start whilst an old settlement is on the brink of expire.
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which of the following is not typically required to be included in the state registration application of a broker-dealer or investment adviser? a consent to service of process b business history of applicant c fingerprints of the officers d books and records of the broker-dealer used by the applicant
Option D is the correct answer.
Books and records of the broker-dealer used by the applicant is not typically required to be included in the state registration application of a broker-dealer or investment adviser.
The following information must be included in state registration applications for a broker-dealer or investment adviser:
The applicant's legal name and place of business; The applicant's proposed mode of operation; The qualifications and professional background of the applicant and each of its officers or partners;The applicant's financial situation and background; Any information to be provided to a client (the "brochure") if the applicant is an investment adviser; Any injunction, administrative order, or conviction of a misdemeanor regarding a security or any component of the securities business;For such more question on broker-dealers:
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Assume that on January 1, 2018, a parent company acquired an 85% interest in a subsidiary's voting common stock. On the date of acquisition, the fair-value of the subsidiary's net assets equaled their reported book values except for machinery and equipment, which had a fair value of $780,000 and a reported book value of $325,000. the machinery and equipment had a 5-year remaining useful life and no salvage value. The following are the highly summarized pre-consolidation income statements of the parent and subsidiary for the year ended December 31, 2019:
Income Statement Parent Subsidiary
Revenues $2,808,000 $374,400
Equity income 81,770 -
Expenses (1,872,000) (187,200)
Net income $1,017,770 $187,200
For the year ended December 31, 2019, what amounts will be reported for (1) consolidated net income and (2) net income attributable to the noncontrolling interest, respectively, in the parent's consolidated financial statements?
a. $1,032,200 and $14,430
b. $1,017,770 and $14,430
c. $1,045,850 and $28,080
d. $1,204,970 and $28,080
A. $1,032,200 and $14,430. consolidated net income in the given question will be $1032200 and net income attributable to the noncontrolling interest is $14,430
Consolidated Net Income refers to the net income (or loss) of the Borrower and its Subsidiaries for any period calculated in accordance with GAAP on a consolidated basis for such period treated as a single accounting period.
For periods following the purchase, consolidated net income is shown on the consolidated income statement. The consolidated net income is divided into two parts: consolidated net income owing to controlling interest and consolidated net income attributable to non-controlling interests when the subsidiary is not entirely owned.
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herzberg's research identified the key factors that motivate workers, including company policies and administration, wage rates, interpersonal relations with co-workers, and physical environment at work.
False, Achievement, Recognition, The work itself, Job advancement opportunities and Growth opportunities are factors that motivate workers as per herzberg.
Herzberg asserts that intrinsic job components such as achievement, recognition, the (nature of) work itself, responsibility, development, and growth are the main motivational factors (also known as satisfiers), which contribute to job satisfaction.
The Herzberg hypothesis, also referred to as the two-factor theory or dual-factor theory, holds that some workplace factors contribute to job satisfaction while others contribute to job discontent. Herzberg created the theory to better understand a worker's motivation for the job and attitude.
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Social epidemiology is:
A) the total number of cases of a specific disorder that exist at a given time.
B) the total number of communicable diseases that exist at a given time.
C) the study of the distribution of disease, impairment, and general health status across a population.
D) the total number of cases of infant deaths for a given population during a specific period of time.
Social epidemiology is the study of the distribution of diseases, disorders, and general health in populations.
What is epidemiology for?The term epidemiology has its roots in studying what is happening to populations. Epidemiology uses mortality and morbidity to study disease in populations. Epidemiology is concerned with the possibility of controlling the spread of diseases that affect large numbers of people. Blood pressure, anxiety, depression, and obesity are some common epidemiological examples.
What is the nature of social epidemiology?The term social epidemiology refers to the branch of epidemiology that studies how social interactions and social conditions affect population health. Researchers in this field take the view that health and disease are multifactorial and affect their hosts on many levels.
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from time to time, some of the activities within the eight major functions of marketing are eliminated to provide for a more effective marketing process. t/f
This statement is false: As products and services flow from manufacturer to consumer, the marketing process completes a number of tasks. Not every firm performs all of these tasks or duties.
Certain tasks are carried out by the marketing process as the products and services. Following are some of the key duties of marketing:
1. Selling - Selling is crucial to achieving the ultimate goal of making profit. Personal selling, advertising, publicity, and sales promotion are all effective ways to increase sales. The level of a company's profits and profitability is determined by its effectiveness and efficiency in selling.
2. Purchasing and Putting Together: It concerns what to purchase, of what kind, from whom, in what quantity, at what time, and for what cost. Businesses make purchases in order to boost sales or save costs. Quality, service, and price have a big impact on purchasing agents.
3. Transportation - From the purchase of raw materials through the delivery of finished goods to the customer's locations, transportation is crucial. Railroads, trucks, rivers, pipelines, and air transportation are the key components of marketing.
4. Storage - Commonly referred to as warehousing, the storage of goods in numerous warehouses located in various locations. Warehouses should be located in areas where distribution of commodities is likely to be simpler and less expensive.
5. Standardization and Grading - Standardization and grading are the two processes that aid in marketing. Standardization refers to the creation of guidelines or requirements for goods based on the fundamental physical characteristics of any good or service.
6. Financing - This involves using capital to help agencies that deal with diverse marketing operations achieve their financial needs. The services to supply the necessary credit and funds, as well as the expenses associated with getting products into the hands of consumers, are collectively referred to as the finance function in marketing.
7. Taking a Risk - A risk is a loss that results from future unanticipated situations. In marketing, the term "risk bearing" refers to the financial risk interest in the ownership of goods held for a projected demand, including potential losses due to a decline in prices as well as losses from spoilage, depreciation, obsolescence, fire and floods, or any other loss that may develop over time.
8. Market Information - This facilitating role of marketing's relevance has only recently come to light. Only accurate and timely market information can serve as a solid basis for marketing decisions. Correct facts and knowledge lower the aforementioned dangers, which in turn lowers costs.
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FILL IN THE BLANK. Suppose that U.S. citizens suddenly become wealthier. As a result, the ____ for/of loanable funds ____, and borrowers are able to issue ____ stocks and bonds to finance capital improvements.
Suppose that U.S. citizens suddenly become wealthier. As a result, the supply for/of loanable funds increases, and borrowers are able to issue more stocks and bonds to finance capital improvements.
What does it indicate when there is a rise in the supply of loanable funds?Supply - The amount of money that is available for loans serves as a proxy for how every saver acts in a given economy. A saver is more willing to put money away if they can get a greater interest rate. When a result, the availability of loanable money indicates that as interest rates rise, there will be more savings on hand.
Does a rise in loanable money result in higher interest rates?The interest rate rises as the relative demand for loanable money rises. The interest rate decreases as the relative availability of loanable money rises. The supply of loanable funds is increasing while the demand for them is decreasing.
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renee works as a respected senior engineer for a large manufacturer of pharmaceutical process equipment. several researchers within the company have discovered an innovative way to repackage pharmaceutical drugs. the company has given renee the opportunity and responsibility to lead a fully funded project team for 12 months to develop this idea. she is excited to lead this team.
Renee works as a respected senior engineer for a large manufacturer of pharmaceutical process equipment. several researchers within the company have discovered an innovative way to repackage pharmaceutical drugs. the company has given Renee the opportunity and responsibility to lead a fully funded project team for 12 months to develop this idea. she is excited to lead this Skunkworks team.
Skunk Works is an associate official pseudonym for Lockheed Martin's Advanced Development Programs (ADP), erst called Lockheed Advanced Development Projects. It is to blame for a variety of craft designs, starting with the P-38 Lightning in 1939 and the P-80 Shooting Star in 1943. Skunk Works engineers afterward developed the U-2, SR-71 Blackbird, F-117 Nighthawk, F-22 Raptor, and F-35 Lightning II, the latter getting used within the air forces of many countries.
The Skunk Works name was taken from the "Skonk Oil" plant in the comic strip Li'l Abner. The designation "skunk works" or "skunkworks" is widely utilized in business, engineering, and technical fields to explain a bunch inside a corporation given a high degree of autonomy and unhampered by bureaucracy, with the task of operating on advanced or secret projects.
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Suppose you are analyzing data for an economy in which Ricardian equivalence holds true. If the budget deficit increases by 50, then: O private savings will increase by 50 or less. O private savings will decrease by 50 or more. O investment will decrease by 50 or less. o investment will increase by 50 or more.
An analyzing data for an economy in which Ricardian equivalence holds true. If the budget deficit increases by 50, then private savings will increase by 50 or less.
When expenditure exceeds revenue, it is said to be in a fiscal deficit. Although it is frequently utilized by governments, this also has a wide range of applications for people and companies.
Long-term effects of rising federal budget deficits on the economy include a decline in national savings (the total amount of savings made by individuals, firms, and governments), which in turn affects the amount of money available for private investment in productive capital.
In other words, a current-account deficit results from a budget deficit. The budget deficit of a nation often tends to short-term push out domestic investments. Economic activity would decrease as a result of this.
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in san diego, 150 people are willing to work an hour as secretaries if the wage is $20 per hour. for each additional $5 that the wage rises above $20, an additional 50 people are willing to work an hour as secretaries. for wages of $20, $25, $30, $35, and $40 per hour, use the orange points (square symbol) to plot the daily labor supply curve for secretaries on the following graph. supply 0 50 100 150 200 250 300 350 400 450 500 50 45 40 35 30 25 20 15 10 5 0 wage (dollars per hour) labor (number of workers) continue without saving
With a decline in salaries, the opportunity cost of leisure falls. The cost of recreation fluctuates in response to changes in pay rates. There are two impacts of every price change:
-The replacement effect states that when salaries rise, leisure time costs rise as well, increasing working hours.
-The income effect: As earnings rise, fewer individuals work because they are able to spend more time relaxing.
In other words, a situation where the substitution impact of increasing salaries overcomes the income effect is represented by an upward sloping labor supply curve.
How Do Supply Curves Work?
The supply curve is a visual depiction of the relationship between the price of an item or service and the volume delivered over a specific time. A common depiction will have the price on the left vertical axis and the amount delivered on the horizontal axis.
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The total flow of money into a country minus the total flow of money out of the country over some period of time is called the nation's balance of trade.
a. True
b. False
The country's balance of trade is calculated as the total inflow of money minus the total outflow of money during a given period of time. The said statement is true.
What is balance of trade?The balance of trade (BOT) is the difference between a country's imports and exports for a specific time period.
The balance of trade is a crucial element of a nation's balance of payments and a crucial gauge of that nation's trade. A country's trade surplus is indicated by a positive trade balance, while a trade deficit is indicated by a negative balance of trade.
The current account, financial account, and capital account are the three parts that make up the balance of payments.
Thus, the balance of Trade of a nation is referred to the total inflow of money minus the total outflow of money over a given period of time.
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the residual value for a leased asset multiple choice question. is the fair value of the asset at the end of its useful life. is the fair value of the asset at the beginning of the lease. normally belongs to the lessee. is the expected fair value of the at the end of the lease. is normally zero in a short-term lease.
The residual value for a leased asset: is the expected fair value of the asset at the end of the lease. Therefore, the correct option is D.
The residual value of a leased asset is the asset's anticipated fair value at the end of its lease period. It is a key aspect in determining lease payments and the overall cost of the lease. The larger the residual value, the lower the lease payments are going to be.
The residual value is an estimate of what the asset is estimated to be worth once the lease time is finished, and it is used to calculate the asset's depreciation or amortization during the lease term.
Thus, the ideal selection is option D.
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The complete question might be:
the residual value for a leased asset multiple choice question.
A is the fair value of the asset at the end of its useful life.
B is the fair value of the asset at the beginning of the lease.
C normally belongs to the lessee.
D is the expected fair value of the at the end of the lease.
E is normally zero in a short-term lease.
The Taylor rule sets the target federal funds rate based on which of the following? A. the inflation rate only B. the unemployment rate only C. the output gap only D. both the inflation rate and the unemployment rate E. both the output gap and the inflation rate
The Taylor rule sets the target federal funds rate based E. both the output gap and the inflation rate. With output gap and the inflation rate, a federal target funding rate can be set.
The notion of inflation is a period at a certain time, where there is a decrease in purchasing power of the monetary unit. Inflation can arise if the value of money deposited in circulation is greater than the amount of goods or services offered.
Inflation that occurs is caused by an increase in demand for certain types of goods/services. In this case, the increase in demand for these types of goods/services occurs in aggregate (aggregate demand).
This can be caused by several factors, including:
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glacier bicycle company manufactures commuter bicycles from recycled materials. the following data for october of the current year are available: quantity of direct labor used 710 hrs. actual rate for direct labor $13.50 per hr. bicycles completed in october 330 bicycles standard direct labor per bicycle 2 hrs. standard rate for direct labor $13.80 per hr. a. determine for october the direct labor rate variance, direct labor time variance, and total direct labor cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Variance in the direct labor rate is -6250 fav. Variance in direct labor hours = 4800 Unfavorable. 1450 fav in total direct labor cost variation Process Work 116650 Dr.
Which company produces bicycles the most?(often referred to as Giant) is the largest bicycle designer and manufacturer in the world. It is based in Taiwan. Taiwan, the Netherlands, China, Hungary, and Taiwan all host Giant manufacturing sites.
Which bike brand needs the least upkeep?The top affordable bikes are the Hero HF 100, Bajaj Platina 110, Honda Livo, Honda CD 110 Dream, Hero Splendor iSmart, and Bajaj Platina 100. The best 160cc bikes in India are also inexpensive, low maintenance, and available here.
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The infinitely dense point that all matter in the universe was squeezed into 13.82 billion years ago is referred to as ___
The infinitely dense point that all matter in the universe was squeezed into 13.82 billion years ago is referred to as the singularity.
The technological singularity—or surely the singularity—is a hypothetical destiny factor in time at which technological growth turns into uncontrollable and irreversible, ensuing in unforeseeable changes to human civilization. consistent with the most popular model of the singularity hypothesis, I.J. In generation, the singularity describes a hypothetical destiny wherein technology boom is out of manage and irreversible. those intelligent and powerful technologies will notably and unpredictably remodel our fact.
A singularity is a area of area where the curvature of spacetime will become infinite. because of the cosmic censorship conjecture, most singularities are hidden behind occasion horizons. Singularities are regions of area in which the density of matter, or the curvature of spacetime, turns into infinite.
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on october 1, 2024, the allegheny corporation purchased equipment for $115,000. the estimated service life of the equipment is 10 years and the estimated residual value is $5,000. the equipment is expected to produce 220,000 units during its life. required: calculate depreciation for 2024 and 2025 using each of the following methods. partial-year depreciation is calculated based on the number of months the asset is in service.straight-line.
Depreciation expenses using Straight line is $11,000
Depreciation expenses using Double-declining balance is $18,400
Depreciation expenses using Units of production is $12,500
Straight-line method of depreciation is regarded as the simplest form of depreciation
The formulae for this method is {[Purchase value of equipment - Estimated residual value) / Estimated service life}
Formulae for Units-of-production method is (Purchase value of equipment - estimated residual value) / Estimated production units
Units-of-production method = [$115,000 - $5,000] / $220,000 units
Units-of-production method = $110,000 / 220,000 units
Units-of-production method = $0.5 per units
For 2021, Depreciation = Production units in 2021 year * Depreciation per unit
Depreciation = 30,000 units × $0.5
Depreciation = $15,000
For 2022, Depreciation = Production units in 2022 year * Depreciation per unit
Depreciation = 25,000 units * $0.5
Depreciation = $12,500
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research the company alibaba, and describe some reasons that you think it has been so successful.
Rather than costing for admittance, Alibaba charged for promotional and technical support services. This seeks to produce a considerable and solid pricing power comprised from dedicated customers.
The largest of Alibaba's profits—57% of the sum from commercials and keyword bidding. The Alibaba Company was established by Jack Ma and the other initial 17 founders. He established Alibaba, an online wholesale marketplace, in 1999. The Chinese sales increased to become one of the greatest valuable businesses in the world. The world is now aware of Alibaba. In September 2014, Alibaba gained notoriety with the largest IPO in history. The company has grown into all of the main markets in the globe, has a market cap that is among the top 10 globally, and has exceeded Walmart in global sales.
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marshall inc. had beginning balances (january 1) of $200,000 and $5,000 for accounts receivable and the allowance for doubtful accounts, respectively. during the year, the company had the following transactions. sales $900,000 write-off of accounts 1,000 cash collections on account receivable 850,000 bad debt expense recorded 2,8001. Determine the cash receipts from customers reported in the operating activities section in the statement of cash flows assuming the direct method.2. Reconcile sales to cash receipts from customers.
Answer: increase in accounts receivable $47,200
Explanation:
ending balance- ( $249,000-$6800=$242,200)
LESS beg. balance ($200,000- $5000=$195000)
INCREASE in AR-$47200
Motorcycle Manufacturers, Inc. projected sales of 59,700 machines for the year. The estimated January 1 inventory is 6,290 units, and the desired December 31 inventory is 7,050 units. What is the budgeted production (in units) for the year?
The budgeted production (in units) for the year is calculated to be 60,460 units.
What is production budget and how to calculate it?The sales forecast and the anticipated amount of finished goods inventory to be on hand are combined to create the production budget, which determines the quantity of products that must be made.
The predicted sales for the year, the opening inventory balance, and the planned closing inventory value all influence the annual budgeted output. The relationship between every component is depicted below-
Estimated beginning inventory + budgeted production - projected sales = Desired inventory balance
6,290 + budgeted production - 59,700 = 7,050
Budgeted production = 7,050 + 59,700 - 6,290
Budgeted production = 60,460 units
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the manager of a company situated in the country of aria lost a business deal with a company situated in the country of iota. the arian manager complained to the iotan higher-level executives when he couldn't obtain information from his counterparts in iota. the higher-level iotan executives were offended by his behavior. the arian manager was surprised since hierarchy was never a matter of concern in his country. in the context of the given scenario, which of the following statements is true?
The manager of a company situated in the country of Aria lost a business deal with a company situated in the country of Iota. Due to the higher-level iotan executives were offended by his behavior.
The business deal, the deal in which the two parties or companies can work together on the particular project to earn profit and increase the business operation.
The business deal is also done between two parties for the development and innovation that the company will able to do the innovative operation.
To make business deal, the behavior and communication is the key to make the deal possible. That's why, the manager lost a business deal with a company situated in the country of Iota.
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which of the following is a small form of toxin-producing bacteria carried by ticks that causes rocky mountain spotted fever?
The following is a small form of toxin-producing bacteria carried by ticks that causes rocky mountain spotted fever is Rickettsia.
What is rickettsia?Rickettsia spread through the bloodstream and damage the microcirculation of the skin (rash), lungs (pneumonia), brain (encephalitis), and other organs. Generalized lymphadenopathy is unique among rickettsia diseases. Rickettsia diseases are a group of diseases with similar symptoms caused by bacteria of the genus Rickettsia. These bacteria are transmitted by being bitten by an infected tick or tick.
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Presented below is information related to the Accounts Receivable accounts of Gulistan Inc. during the current year 2017. 1. An aging schedule of the accounts receivable as of December 31, 2017, is as follows. 2. The Accounts Receivable control account has a debit balance of $372, 400 on December 31, 2017. 3. Two entries were made in the Bad Debt Expense account during the year: (1) a debit on December 31 for the amount credited to Allowance for Doubtful Accounts, and (2) a credit for $3, 240 on November 3, 2017, and a debit to Allowance for Doubtful Accounts because of a bankruptcy. 4. Allowance for Doubtful Accounts is as follows for 2017. 5. A credit balance exists in Accounts Receivable (60-90 days) of $4, 840, which represents an advance on a sales contract.
$7,280 is the Adjustment (Bad debt expense) if Presented below is information related to the Accounts Receivable accounts of Gulistan Inc. during the current year 2017.
Age Net debit balance Percent Uncollectible Allowance balance 0-60 days 172,342 1% 1,723 61-90 days 136,490+4,840 3% 4,240 91-120 days 39,924-3,240 6% 2,201 Over 120 days 23,644-3,700 25% 4,986
370,300 13,150
Balance of allowance for doubtful debts (A) = $8,750+$18,620-$3,240-$3,700 Correct balance (B) = $20,730 = $13,150 Adjustment (Bad debt expense) = $7,280
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have not yet been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
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A balance sheet that divides the various assets and liabilities into groups, such as current assets and current liabilities, is called a ________ balance sheet.
classified
A balance sheet that divides the various assets and liabilities into groups, such as current assets and current liabilities, is called a classified balance sheet.
The asset, liability, and equity totals on a classified balance sheet are the same as those on an unclassified balance sheet, but they are presented in more detail and are divided into different categories rather than being listed in the conventional balance sheet style. A balance sheet that divides assets, liabilities, and equity into discrete categories can be a valuable tool for your company. Use this guide to learn how to make one.
A balance sheet is a type of financial statement that shows your company's total assets, liabilities, and equity at a specific point in time.
Unclassified balance sheets are frequently used by smaller organizations, but if you're searching for a report that presents the same information in a more thorough manner, you should generate a classified balance sheet.
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when stock is issued in exchange for a noncash asset, the value recorded for the shares issued is best determined by the book value of the noncash asset. the market value of the shares. the par value of the shares. the contributed capital of the shares.
It is expected that the asset's value and the stock's worth are equivalent when stock is issued in exchange for non-cash assets. Take note that the issue price per share is the same as the par value. It is possible to determine the stock's worth, and the land's value is set at the same sum.
What is stock ?All the shares that make up a corporation or company's ownership make up its stock. A single share of stock represents a fractional ownership interest in the company based on the total number of shares.
The amount that shareholders would get if a firm was liquidated and all of its debts were settled is known as the book value of a stock. The difference between a company's total assets and its liabilities is hence its book value.
Thus, It is possible to determine the stock's worth, and the land's value is set at the same sum.
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suppose both consumers are consuming positive amounts of both goods, that consumer a has a marginal rate of substitution between the two goods of -3 , and that this is known to be a pareto efficient allocation. consumer b's marginal rate of substitution between these two goods must be . (use a negative sign in your answer if necessary.)
Consumer b's marginal rate of substitution between these two goods must be -4
In pure exchange in economy pareto efficient allocations are those allocations at which Marginal rate of Substitutions of the consumers are equal.
Here Marginal Rate of substitution = -4 and that allocation is pareto efficient.
As allocations are pareto efficient when Marginal Rate of substitution of A = Marginal Rate of substitution of B
Hence, Marginal Rate of substitution of B = -4
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According to Ian Maitland, the results of the ostensibly humanitarian changes urged by critics are likely to be all of the following except:
greater inequality and poverty
reduced exports
lower incomes in the informal sector
increase employment in the formal sector of the economy
According to Ian Maitland, the results of the ostensibly humanitarian changes urged by critics are likely to be all of the following except greater inequality and poverty.
"Helping those in need and saving lives at any time, wherever in the globe, is what it means to be a humanitarian. Therefore, being responsible, aware of the situations in which other people live, and providing for their needs without prejudice are necessary for humanitarian activity.
War, natural catastrophes, starvation, and/or disease outbreaks can all result in humanitarian crises. Children suffer horrifying physical, psychological, and social effects as a result of humanitarian disasters. Conflict, food hunger, and climate change have made it urgently necessary for mankind to pay attention, from Somalia to Venezuela.
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Net income for Ros-Belle partnership for 2021 was $125,000. Rosalie and Belle agreed to distribute partnership net income according to the following plan in order: - Interest on average capital balances 7%, 7% - Bonus on net income before the bonus but after interest on average capital balance 12% - Salaries Rosalie $40,000, Belle $50,000 - Residual (if positive) Rosalie 60%, Belle 40% \
- Residual (if negative) Rosalie 50%, Belle 50% Additional Information for 2021 follows: 1. Rosalie began the year with a capital balance of $75,000. 2. Belle began the year with a capital balance of $100,000. 3. On March 1, Rosalie invested an additional $25,000 into the partnership. 4. On October 1, Belle invested an additional $20,000 into the partnership. 5. Throughout 2021, each partner withdrew $200 per week in anticipation of partnership net income. The partners agreed that these withdrawals are not to be included in the computation of average capital balances for purposes of income distributions. > Required:
a. Prepare a schedule that reveals the computations of each partner's weighted-average capital. b. Prepare a schedule that discloses the distribution of partnership net income for 2021. c. Prepare the statement of partners' capital at December 31, 2021
The Ending Capital Balance of Ros-Belle is $134,412
a. Schedule of Partner's Weighted-Average Capital
Partner | Beginning Capital Balance | Additional Investment | Weighted Average Capital
Rosalie | $75,000 | $25,000 | $76,250
Belle | $100,000 | $20,000 | $96,000
b. Schedule of Distribution of Partnership Net Income
Interest on Average Capital Balance | Rosalie | Belle 7% x $76,250 | $5,337.50 | $6,720
Bonus on Net Income Before Bonus | Rosalie | Belle 12% x $125,000 | $15,000 | $15,000
Salaries | Rosalie | Belle $40,000 | $40,000 | $50,000
Residual (if positive) | Rosalie | Belle $25,000 x 60% | $15,000 | $10,000
Total Distribution | Rosalie | Belle $75,337.50 | $76,720
c.Rosalie Partner's Capital
Beginning Capital Balance: $75,000
Add: Investment on 3/1: $25,000
Less: Distributions: $8,400
Adjusted Capital Balance: $91,600
Interest on Average Capital Balance: $6,412
Bonus on Net Income Before Bonus: $15,000
Ending Capital Balance: $113,012
Belle Partner's Capital
Beginning Capital Balance: $100,000
Add: Investment on 10/1: $20,000
Less: Distributions: $8,400
Adjusted Capital Balance: $111,600
Interest on Average Capital Balance: $7,812
Bonus on Net Income Before Bonus: $15,000
Ending Capital Balance: $134,412
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a(n) is a justification for a proposal showing that the recommended course of action is good for an organization and makes business sense.
a justification for a proposal showing that the recommended course of action is good for an organization and makes business sense: Business case
A business case is a project the executives report that makes sense of how the advantages of a project overweigh its expenses and why it ought to be executed. Business cases are ready during the project inception stage and their motivation is to incorporate every one of the project's targets, expenses and advantages to persuade stakeholders regarding its worth.
A business case is a significant project report to demonstrate to your client, client or partner that the project you're pitching is a sound speculation. Beneath, we show the moves toward keeping in touch with one that will influence them.
The requirement for a business case is that it gathers the monetary evaluation, proposition, methodology and promoting plan in one record and offers a full gander at how the project will help the association. When your business case is supported by the project stakeholders, you can start the project arranging stage
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suppose you deposit $ 2000 in an account with an annual interest rate of 7 % compounded quarterly. use the formula a
The amount of money in the bank after 5 years will be $7739.2 at the rate of 7% compounded quarterly when a principal amount of $2000 is deposited
Principal amount invested = $2000
Rate of interest = 7%
Using the formula to find the amount after 5 years:
A=P(1+r/n)^nt
where A = amount of money invested
r = rate of interest
n = number of years
t = time in years
Substituting the value in the formula we get the following:
A = 2000(1 + 0.07)^20
= 2000(1.07)^20
= 2000*3.8696
= $7739.2
So, the amount after 5 years will be $7739.2 at the rate of 7% compounded quarterly when $2000 is deposited in the bank
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prance, inc., earned pretax book net income of $1,881,000 in 2021. prance acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $188,100. prance reported no other temporary or permanent book-tax differences. the pertinent u.s. federal corporate income tax rate is 21%, and prance earned an after-tax rate of return on capital of 4%. enter below prance's 2021 deferred tax benefit or expense and any deferred tax asset or liability.
Deferred Tax liability is $395,010.
Pretax income, additionally called earnings before tax or pretax earnings, is that the net income earned by a business before taxes ar subtracted/accounted for. Pretax income, however, accounts for deductions associated with in operation expenses, depreciation, and interest expenses.
Depreciable asset is usually an asset used for generating financial gain or profit and contains a helpful lifetime of quite a year and step by step reduces in worth over time. it's a kind of physical asset that's capable of depreciation treatment below tax laws in accordance with the interior Revenue Service rules.
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prance, inc., earned pretax book net income of $1,881,000 in 2021. prance acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $188,100. prance reported no other temporary or permanent book-tax differences. the pertinent u.s. federal corporate income tax rate is 21%, and prance earned an after-tax rate of return on capital of 4%. enter below prance's 2021, in balance sheet, Deferred Tax liability:
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