This assertion is false.
The transient group of workers goes through many names: temps, contract workers, consultants, freelancers, seasonal workers and interns. But anything they're called, they give agencies flexibility when everlasting personnel go out on leave, commercial enterprise fluctuates and at some point of instances of elevated non permanent or seasonal needs.
What is an example of a brief job?In contrast, a transient employee does not have a ordinary schedule and only works for a specified quantity of time. For example, a company might hire extra sales clerks around the wintry weather holidays.
What is an gain of the use of transient workers?Temporary workers assist decrease standard staffing costs, due to the fact their presence can hold your everyday personnel completely productive, however no longer overworked. The capability to “try out” attainable future hires.
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https://brainly.com/question/9184663#SPJ4Babak Industries is a division of a major corporation. Last year the division had total sales of $21,360,000, net operating income of $1,895,760, and average operating assets of $7,800,000.
The division's turnover is closest to:
Multiple Choice
2.74
0.24
1.96
11.27
The turnover for the division is most closely 0.24.
Explanation:-Therefore, total sales equal $21,360,000.
Average operational assets are $7,800,000, while net operating income is $1,895,760.
Return on Investment (ROI): ($1,895,760, $7,800,000) = Net operating income Average operating assets. × 100\s= 0.2430461 × 100\s= 24.304% or 0.24
The division's return on investment (ROI) is therefore most closely associated with 0.24.
Exactly how is division turnover determined?By adding your starting and ending workforces and dividing by two, you may get your average workforce (Avg) (Avg = [B+E]/2). The number of departing employees should now be divided by your average staff count. To calculate your final turnover %, multiply [L/Avg] by 100.
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[The following information applies to the questions displayed below.] On July 15, 2021, the Nixon Car Company purchased 2,400 tires from the Harwell Company for $35 each. The terms of the sale were 2/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts. Required: 1. Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2021. 2. Prepare the journal entry for the payment, assuming instead that it was made on August 15, 2021. July 15, 2021 Record purchase of tires July 23, 2021 Record payment of July 15 purchase Required 2 August 15, 2021 Record payment of July 15 Purchase
[The following information applies to the questions displayed below.]
On July 15, 2021, the Nixon Car Company purchased 2,400 tires from the Harwell Company for $35 each. The terms of the sale were 2/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts.
3. If Nixon instead uses a periodic inventory system, explain any changes to the journal entries created in requirements 1 and 2.
The July 15 entry would include a debit to the _____________
entry would include a credit to the ____________________.
If Nixon uses a periodic inventory system, the July 15 entry would include a debit to the Purchases account and a credit to the Accounts Payable account.
The entry on July 23 would include a debit to Accounts Payable and a credit to Cash for the amount paid. The entry on August 15 would include a debit to Accounts Payable and a credit to Cash for the amount still owed plus interest.
A periodic inventory system is an inventory management system in which a physical count of stock is taken at regular intervals, such as once a month or once a quarter. The physical count is compared to the inventory records to determine the quantity of stock on hand. This system is used to identify discrepancies in inventory records and to update the records with the actual amount of stock on hand.
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Which of the following items should be included in Melay, Inc.’s summary of significant accounting policies for the current year? A.Operating segment sales for the current year are Alay $1M, Belay $2M, and Celay $3M. B.Future common share dividends are expected to approximate 60% of earnings. C.Property, plant, and equipment is recorded at cost with depreciation computed principally by the straight-line method. D.During the current year, the Delay Segment was sold.
Depreciation is a term used in accounting to describe two different aspects of the same idea: first, the actual decline in fair value of an asset, such as the annual decline in value of factory equipment
due to use and wear, and second, the allocation in accounting statements of the asset's initial cost to the periods in which it is used (depreciation with the matching principle). Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life. It also refers to the decline in asset value. Long-term assets are depreciated by businesses for accounting and tax reasons. The balance sheet of a company is impacted by the asset's decline in value.
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which of the following requires that pension rights be vested and protected by the pension benefits guarantee corporation?
The Pension Benefits Guarantee Corporation must vest and preserve pension rights in accordance with the Employee Retirement Income Security Act.
The ERISA protects employees in what ways?The interests of participants in employee benefit plans and their beneficiaries are protected by ERISA. Participants must be informed of the plan's specifics by plan sponsors, according to this requirement. It outlines the standards of conduct for fiduciaries, including plan administrators.
The Employee Retirement Income Security Act of 1974 (ERISA), a federal legislation, establishes minimal standards for the majority of voluntarily established retirement and health plans in the private sector in order to safeguard the participants in these plans.
The PBGC, an agency of the government, is required to preserve and vest pension rights under ERISA, which President Ford signed into law in 1974. Employers are required to comply with certain regulations and maintain formal pension plan documents.
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which of the following is not a part of business continuity planning? group of answer choices resumption planning contingency actions emergency response disaster recovery
The option that is not a part of business continuity planning is option A: resumption planning.
What is the procedure for business continuity planning?A disaster recovery plan, which includes procedures for dealing with IT interruptions to networks, servers, personal computers, and mobile devices, is an essential part of a business continuity plan (BCP). The strategy should include details on how to restore office productivity and enterprise software so that crucial business requirements can be satisfied.
The factors that constitutes a business continuity plan's five main elements are:
risks and potential effects on the business.preparing a powerful response.Roles and responsibilities.Communication. Testing and trainingLearn more about business continuity planning from
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a firm is considering moving from the united states to mexico. the firm pays its u.s. workers $10.00 per hour. currently, u.s. workers have a marginal product of 25 units, whereas mexican workers have a marginal product of 2.5 units. in order for the firm to reduce its wage cost per unit of output by moving to mexico, the wages in mexico must be below $ per hour
From the question, we can see that the productivity in the United States is (45/9) = 5 times higher than that of Mexico.
How are employees in Mexico treated?Workers in Mexico are shielded against discrimination on the basis of age, gender, handicap, socioeconomic and marital status, race, national origin, sexual orientation, and religion. Protections are available before, during, and after employment.
What professions held immigrants from Mexico?The majority of the Southwest's businesses, including ranching and mining, are dominated by immigrants from Mexico and their offspring. For immigrants from Mexico, the expanding train system in America was particularly significant. Mexican immigrants were historically used by the railroad sector as a source of inexpensive labor.
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benjamin has recently received a large estate settlement, and he is eager to use the money toward the purchase of a successful business that is already in operation. which of the following should be discouraged as a source for finding businesses for sale?
Phonebook should be discouraged as a source for finding businesses for sale.
Is buying an existing company a wise move?There is less risk. Buying an established business is intrinsically less hazardous than establishing one from scratch because it already has goodwill, is operational, has clients and customers, personnel, systems, suppliers, financial history, a location or locations, and you might be able to convince the seller to finance it. When there is demand, go there. Look for markets where your goods or services are in high demand or where there is little to no competition. To make sure your company fits into the local market, you should, if at all possible, move your operations to a location where the other businesses on the block are complementary.
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which of the following denotes a common weakness between the four firm concentration ratio and the hhi
The Herfindahl-Hirschman Index (HHI) is a common way to measure market concentration and market competitiveness, often before and after M&A transactions.
The index measures the degree of competitiveness as well as company size in relation to industry size. The HHI is calculated by summing the numbers from the quadrupling of each company's market share in a given market. It can be as low as 0 and high as 10,000, with lower values indicating a smaller market.
A widely accepted indicator of market concentration is the HHI. It is determined by squaring the piece of the pie of each firm contending in a market and afterward adding the subsequent numbers. It can be as low as 0 or as high as 10,000. The HHI is utilized by the U.S. Department of Justice to assess potential antitrust concerns related to mergers.
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Full Question = Which of the following denotes a weakness that is common to both the four firm concentration ratio and HHI?
investors can benefit from investments in stock via increases in the market price of the stock or through the receipt of dividends. this statement is
according to the 'in-house sales' clause in an exclusive right to sell agreement, a seller cannot do which of the following if the listing broker also finds a buyer...?
If listing broker also finds a buyer, refuse to pay commission to listing broker is that which the seller cannot do.
Who is a listing broker?A homeowner who wants to sell their home can get assistance from a real estate professional known as a listing broker or listing agent. The duties of a listing broker include setting a reasonable asking price for the home, generating a listing, and organizing open houses for prospective buyers. To understand listing brokers, it helps to review the differences between a real estate agent and a real estate broker. A person who has been granted a state-issued license to help in the purchase and selling of different kinds of real estate is known as an agent. A real estate broker is an agent who has been given a second broker's license. Brokers often have a deeper awareness of both the financial and legal processes involved in selling and buying properties, as well as the real estate market.
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jason incorporated maintains a qualified profit-sharing plan for its employees. this year, jason contributed $2,300 to preston's profit-sharing account. which of the following statements is true? multiple choice jason cannot deduct the contribution, and preston does not include the contribution in gross income. jason cannot deduct the contribution, but preston must include the contribution in gross income. jason can deduct the contribution, but preston does not include the contribution in gross income. jason can deduct the contribution, and preston must include the contribution in gross income.
The following statement "Jason can deduct the contribution, but Ms. Preston does not include the contribution in her gross income" is true.
Income, which is often stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and various disciplines may have distinct definitions. Haig-Simons income, which defines income as Consumption + Change in Net Worth and is commonly applied in economics, is a very significant definition of income.
Income is a total that includes any wages, salaries, profits, interest payments, rent, or other forms of earnings earned in a calendar year for families and individuals in the United States, as defined by tax law. Gross income for a business is the total revenue less the cost of items sold.
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a broker-dealer is required to register with:
A. the SEC
B. FINRA
C. the state where it is located or does business with the public and the SEC
D. All of the Above
Most “brokers” and “dealers” must register with A. The SEC. This section covers the factors that determine whether a person is a broker or a dealer.
A broker is a person who performs transactions on behalf of other people. In other words, a broker is a person or brokerage firm, and usually charges a commission (fee) to investors who want to buy and sell assets.
A broker's job is to build and maintain relationships with customers, make sales and purchases, and complete other management tasks such as preparing documents. Brokers also have a responsibility to maintain the satisfaction of their customers.
The broker's function is to solve customer problems or act as an intermediary. The second function of the broker is to provide information related to market capital.
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hampton company reports the following information for its recent calendar year. income statement data selected year-end balance sheet data sales$ 160,000accounts receivable increase$ 10,000 expenses: inventory decrease16,000 cost of goods sold100,000salaries payable increase1,000 salaries expense24,000 depreciation expense12,000 net income$ 24,000
Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net income Depreciation expense Inventory decrease Salaries payable increase Accounts receivable increase Net cash provided by operating activities 0
Salaries payable increased by $1,000, inventory decreased by $6,000, depreciation cost was $12,000, and accrued interest was increased by (10,000) dollars. Cash flow from operating activities is negative and totals $43,000.
The following is how Hampton Company prepared its statement of cash flows' operating activities using the indirect method:
Operating Expenses and Cash Flow
$24,000 in profit
Non-cash item adjustments:
A $12,000 depreciation cost
Compensation for Variations in Working Capital
An increase in the amount of receivables ($10,000)
$16,000 less in inventory
An increase in the amount of salary that is payable $1,000
$43,000 in Net Operating Cash
Sales are computed as sales less cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other costs. Net income (NI), often known as net earnings, is the difference between these two figures. Investors might use this figure to gauge the extent to which an organization's revenue outpaces its costs. This figure can be found on an organization's income statement and serves as a gauge of profitability.
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The difference between digital advertising and organic marketing on social media platforms is that digital advertising is _____ and organic marketing is _____. Select all that apply.Paid; not paid. For E-commerce only; for all businesses.More targeted; less targeted. Unhelpful; helpful.
The difference between digital advertising and organic marketing on social media platforms is that digital advertising is a)c) paid/more targeted and organic marketing is not paid/less targeted.
In the field of business, digital advertising is a method of advertising in which paid techniques are used in order to generate more audience for the advertisement. It is believed that the more no.of people who watch the advertisement, the more will be the chances of the sales of the product. Hence, digital advertising is more targeted and paid for a targeted audience.
On the other hand, organic marketing is used to generate traffic on the website of a business without using any paid measures. As a result, there is a lesser targeted audience for organic marketing.
The question will correctly be written as:
The difference between digital advertising and organic marketing on social media platforms is that digital advertising is _____ and organic marketing is _____.
Select all that apply.
a) Paid; not paid.
b) For E-commerce only; for all businesses.
c) More targeted; less targeted.
d) Unhelpful; helpful.
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walter builds birdhouses. he spends $5 on the materials for each birdhouse. he can build one in 30 minutes. he is semi-retired but earns $8 per hour at the local hardware store. he can sell a birdhouse for $20 each. refer to scenario 13-11. an economist would calculate the total cost for one birdhouse to be a. $13. b. $5. c. $9. d. $8.
An economist would calculate the total cost for one birdhouse to be $9.
The economic expert is a British weekly newspaper printed in demitab format Associate in Nursingd published digitally. It focuses on current affairs, international business, politics, technology, and culture. primarily based in London, the newspaper is closely held by The Economist Group, with its core editorial offices within the United States, furthermore as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average world print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of thirty-five million, as of 2016. The newspaper encompasses a distinguished focus on data journalism and informative analysis over original reporting, to each criticism and acclaim.
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Employees at the hospital have negotiated a 3 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 5 percent over the next year, which of the following will occur?
O Unemployment of hospital employees will rise.
O Real wages for hospital employees will fall.
O Inflation will be 3 percent the following year.
O The increase in inflation is expected.
The answer is Real wages for hospital employees will fall.
When wages increase at a rate lower than inflation, then the real wages of employees will fall. In this case, wages were negotiated to increase by 3%, but if inflation ends up being 5%, then the real wages of employees will fall as the purchasing power of their wages will be lower than before.
Inflation and wages are generally considered to be inversely related. When inflation increases, the purchasing power of wages decreases, and vice versa. As inflation rises, the cost of goods and services also rises, making it more expensive for businesses to pay their employees. This ultimately leads to decreases in wages.
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assume that the united states government introduces an expansionary monetary policy, increasing the money supply in the market. in the accompanying graph, demonstrate the long run effect on aggregate demand and short run aggregate supply. then, answer the following question. aggregate price level real gdp lras sras ad in the classical model of the price level, what is the long run effect of an increase in the money supply on real gdp?
It has no impact on GDP. The SRAS and AD lines are both left-directed.
The phrase "gross domestic product" (GDP) refers to the market value of all final products and services produced and sold in a certain time period by countries (GDP). Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indication.
While nominal GDP is better for comparing national economies on the international market, GDP per capita at purchasing power parity may be more beneficial for comparing living standards between nations. However, variations in the cost of living and inflation rates of the nations are not reflected in GDP (nominal) per capita. It is also possible to quantify the contribution of each industry or sector to the overall GDP.
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alternative dispute resolution, with a specific focus of the law to the role of christian leadership in the workplace
Despite the fact that managing leadership conflict in a church is a dispute that frequently arises, little attention has been paid to this issue. The church's leadership, which is meant to set an example for other kinds of leadership in society, is likely to be undermined by such disagreement.
Any way of resolving conflicts without going to court is referred to as alternative dispute resolution (ADR). ADR brings together all methods and procedures for resolving disputes that take place independently of any governing body. Mediation, arbitration, conciliation, negotiation, and transaction are the most well-known ADR techniques.
Alternative dispute resolution is meant to improve communication between the parties, in addition to potentially eliminating the costs, delays, and uncertainty involved with traditional litigation. ADR offers a space for innovative dispute resolutions that better serve the interests of the parties.
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1. Explain each of the following statements using
supply-and-demand diagrams.
a. "When a cold snap hits Florida, the price of
orange juice rises in supermarkets through-
out the country."
b. "When the weather turns warm in New
England every summer, the price of hotel
rooms in Caribbean resorts plummets."
c. "When a war breaks out in the Middle East,
the price of gasoline rises, and the price of a
used Cadillac falls."
( this is for my macroeconomics class)
Due to crop damage or transportation issues, Florida cold snaps may impair orange juice supplies.
When New England becomes hotter in July, fewer people want to fly to the Caribbean.
Due to transportation issues or manufacturing facility damage, Middle East wars may impair gasoline supplies.
What is supply-and-demand?Generally, When a cold snap hits Florida, the supply of orange juice may be disrupted due to damage to crops or transportation difficulties. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of orange juice. The demand for orange juice may also increase due to its perceived health benefits or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
b. When the weather turns warm in New England every summer, the demand for hotel rooms in Caribbean resorts may decrease as fewer people are interested in traveling to a warm destination. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of hotel rooms. The supply of hotel rooms may also increase as more resorts offer discounts and promotions to attract travelers. This increase in supply would shift the supply curve to the right, further contributing to the decrease in the equilibrium price.
c. When a war breaks out in the Middle East, the supply of gasoline may be disrupted due to transportation difficulties or damage to production facilities. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of gasoline.
The demand for gasoline may also increase as a result of increased military activity or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
The demand for used Cadillacs may decrease as consumers reduce their spending on non-essential items or as a result of decreased consumer confidence. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of used Cadillacs.
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if two nations have a trade dispute, the world trade organization may be asked to mediate and provide a decision within one year's time.
When one nation adopts a trade policy measure or does something else that one or more other WTO members believe violates WTO rules, a dispute results.
What do we mean organization?The organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. This term "organization" can be used to describe a person, a group, a company, or the process of making and developing anything.
What is organization definition and example?The organization is a formal gathering of people, like a business, charity, political party, or club. Almost majority of these specialty schools are run by nonprofit institutions. ... the International Labor Organization report.
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a budget is most likely to be effective if it is not used to evaluate a manager's performance. it has top management support
A budget is most effective when it is seen as a tool to help a manager plan and manage their resources more efficiently and effectively. It should not be used as a way to evaluate the performance of a manager.
Effective Budgeting: Utilizing Resources with Top Management SupportTop management support is essential in order for a budget to be successful, as it provides a sense of ownership and accountability, and encourages managers to stay within their allotted resources.
In order for a budget to be effective, top management must provide their support and approval. This helps to ensure that managers are given the resources to plan and manage their departments in the most efficient way possible. Additionally, budgets should not be used as a way to evaluate the performance of managers, as this is counter-productive.
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1. Historically, most startups
a. Pivot and iterate while continuing to search for a business model that works
b. Run out of money and shut down
c. Grow very slowly and barely break even
d. Grow into a successful company
Answer:
hjj
Explanation:
a sales agent has been focusing on property management while sponsored by another broker over the last seven years. the sales agent has just received his broker's license and immediately opens his own brokerage office. numerous license holders with whom he worked in the past approach him for sponsorship, indicating a desire to do residential and commercial sales. the new broker has little experience in either area. although the new broker is anxious to get started, he is particularly concerned about his limited experience in residential and commercial sales. the new broker
Considering that a licence holder has the authority to represent buyers, sellers, and intermediaries. At the brokerage firm, licenced brokers are responsible for supervising both licenced salespeople and unlicensed workers.
Brokers are in charge of overseeing all real estate paperwork, even if they have someone else prepare and store them for them. A signed listing contract usually establishes the agency relationship. The buyer's representative, also referred to as a buyer's agent, is employed by potential buyers and represents their best licence at all times during the transaction. When the broker should have known that a statement about a substantial fact was false, there has been a negligent misrepresentation.
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Giordano Chocolates applies overhead using direct labor costs and had a total labor variance of $12,540 U in the month of March. Because of this, the manufacturing overhead variance will be
unaffected
Giordano Chocolates applies overhead using direct labor costs and had a total labor variance of $12,540 U in the month of March. Because of this, the manufacturing overhead variance will be unaffected.
Give a brief account on overheads.Costs associated with the day-to-day operation of the business are known as overheads. Contrary to operating costs, overheads cannot be linked to a particular cost unit or commercial activity. As opposed to that, they assist the company's overall revenue-generating operations.
For instance, a business that sells vehicles pays a higher rent for office space in a location with extra room for a showroom. One of the overhead expenses for the company is the premium rent. Whether or not a company's products are selling, it must continually cover its overhead expenditures.
Types :
Fixed overhead: Costs known as fixed overheads are expenses that don't vary based on variations in the volume of business activity each month.Variable overhead: Variable overheads are costs that fluctuate with business activity levels and might rise or fall with varying levels of activity. The costs will rise while business activity is high, but when business activity is low, the overheads will significantly decrease or even disappear.Semi-variable overhead: Semi-variable overheads have certain traits with fixed costs as well as variable costs. These expenses can be incurred by a company at any moment, albeit the precise cost will vary depending on the volume of commercial activity.To know more about, overhead, visit :
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exponential utility has an adjustable parameter called risk tolerance. the risk tolerance parameter measures
Exponential utility has an adjustable parameter called risk tolerance. the risk tolerance parameter measures an appropriate value for company.
What is exponential utility?In economics and finance, exponential utility is a particular form of utility function that is useful in some contexts when risk (also called uncertainty) is present. In this case, the expected utility is maximized. A utility function measures the preferences consumers apply to their consumption of goods and services. For example, if a customer prefers apples to oranges regardless of consumption, the utility function can be expressed as he U(apple) > U(orange).
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one of the advantages of formal planning is group of answer choices does not become burdened by setting forth the resources required to complete the plan it precedes and ties together the other management functions of organizing, leading, and controlling the smaller the organization, the more time will be spent in a formalized planning process once written, assumptions are not difficult to change
One of the advantages of formal planning is that more time will be spent in a formalized planning process once written, assumptions are not difficult to change.
Formal planning tends to increase the likelihood of long-term survival of an organization. So, it can be said that planning shall provide a sense of vison, direction, rationale and purpose for the plan.
Such which can be easily communicated to other members of the organization, showing them that how serious it is about reaching these organizational goals. Thus, such assumptions are not difficult to change.
Hence, the formal strategic planning calls for an explicit process.
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when you buy life insurance, you are making a contract with the company issuing the policy where you agree to pay a premium periodically and the company agrees to pay a death benefit.
When you get life insurance, you are entering into a legal agreement with the business providing the policy in which you commit to paying a premium on a recurring basis and the business commits to paying a death benefit.
A contract for life insurance is made between a person and an insurance provider company. Under exchange for a quantity of money known as the premium, the insurance company promises in this contract to pay a beneficiary a certain sum of money, subject to certain restrictions.
You should be aware that a life insurance policy is a legal contract, just like any other insurance policy. In other words, it is a contract between the parties that states what the insurance provider will do in return for the payment.
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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
One of a company's financial statements, an income statement or profit and loss account[1] (also known as a profit and loss statement (P&L), statement of profit or loss, revenue statement,
income statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations)[2] displays a company's revenues and expenses for a specific time period. [1] It describes the process by which the revenues, or "top line," are converted into net income or net profit (the result after all revenues and expenses have been accounted for). Managers and investors can determine if a company gained money (profit) or lost money (loss) during the reporting period by looking at the income statement. An income statement depicts a time frame.
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The comparative balance sheets for Windsor, Inc. show these changes in noncash current asset accounts: accounts receivable decreased$80,600, prepaid expenses increased$26,500, and inventories increased$42,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is$205,500. (Show amounts that decrease cash flow with either a-sign eg,−15,000or in parenthesis eg.(15,000).
The net cash provided by operating activities using the indirect method assuming a net income is $140,400.
The net cash flow from the operating operations of a corporation shows whether any new money entered or left the company. The cash flow from these operations is a crucial metric to assess a company's financial performance. It represents revenue generated by an organization's ongoing commercial operations. It is shown as a corporation's first portion of the cash flow statement.
Calculating the adjusted income -
Adjusted net income = Net income + Decrease in accounts receivable - Prepaid Expenses
= 205,500 + (80,600) - 26,500
= 124,900 - 26,500
= 98,400
Calculating the net cash provided by operating activities:
Net cash provided by operating activities = Adjusted net income + Increase in inventories
= 98,400 + 42,000
= 140,400
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which of the following is a set of clear, consistent, and specific attributes or characteristics that define your company in the consumers mind?
Image is a set of clear, consistent, and specific attributes or characteristics that define our company in the consumers mind.
who is a consumer?Any individual or group who uses a good or service for the last time is referred to be a consumer. Here are some illustrations: a someone who pays a hairstylist to cut & style their hair. corporation that purchases a printer for business purposes.
Why is it referred to as a consumer?A person is referred to as a consumer if they buy goods or services for their own use rather than for manufacturing or resale. A customer is someone who makes the choice of whether or not purchase a product there at store or a person who is influenced through marketing and advertising.
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