An asset would be debited and a liability would be credited if the business
Question options:

bought equipment on account.

incurred an expense and paid it.*not the answer*

bought supplies for cash.

incurred an expense and didn't pay for the expense immediately.

Answer:

=$66,666.67

Explanation:

The question is asking to determine the amount of money Martin requires to fund his desired bequest in his will.

First, how much is the cash flow martin expects to flow out in the first year of the bequest = $4000

Secondly, what is the expected growth the bequest is to experience yearly and forever= 4% yearly

Thirdly, what is the interest rate expected = 10%

Based on these figures,

The amount to be provided = The Cash flow/ (Expected growth rate- Interest rate)

=$4,000/ (0.10-0.04)

=$66,666.67

Answer:

1. a) A change in the price of peanut butter

c) A change in the price of labor (used in the production of peanut butter)

2. b) A change in expectations about the future price of peanut butter

c) A change in the price of peanut butter

Explanation:

1. As we know in Economics that increase in demand lead to increase in supply and vice versa. But this increase in demand can arise if the price is low. therefore, a change in quantity supply can be due to a change in price of the peanut.

(increase price will lead to decrease in supply and vice versa)

a) A change in the price of peanut butter

c) A change in the price of labor (used in the production of peanut butter)

A change is price of labor can be one determinant of price of peanut. therefore, a change in price of labor can also be a determinant to the movement of supply curve.

2.Which of the following would cause a shift in the supply curve for peanut butter?

A shift in supply curve can be cause by the following:

b) A change in expectations about the future price of peanut butter: Seller expectation that may be at a particular period, the goods tends to be expensive. this is common in seasonal goods.

c) A change in the price of peanut butter: as explain above

A movement along the supply curve for peanut butter is caused by a change in the price of peanut butter. A shift in the supply curve can be caused by a change in the number of producers, a change in expectations about the future price of peanut butter, or a change in the price of peanut butter.

1) A movement along the supply curve, or a change in the quantity supplied, can be caused by a change in the price of peanut butter. When the price of peanut butter increases, producers are willing to supply more because they can make a higher profit. On the other hand, if the price of peanut butter decreases, producers may reduce the quantity supplied.

2) A shift in the supply curve for peanut butter can be caused by several factors. A change in the number of producers, such as new companies entering or existing companies exiting the market, can lead to a shift in supply. Expectations about the future price of peanut butter can also impact the supply. For example, if producers expect the price to increase in the future, they may decrease supply now to take advantage of higher prices later. Additionally, a change in the price of peanut butter can affect the supply curve. If the price of peanut butter input (e.g., peanuts) increases, it can lead to a decrease in supply as it becomes more expensive to produce peanut butter.

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Answer:

accounts payable    15 debit

      merchandise inventory      15 credit

Explanation:

the price deduction will reduce the amount due to the supplier. Also this will represent the decrease in the value of the merchandise so the merchandise inventory account should decrease in the magnitude.

The account payable is a liability to make it decrease we post on debit

while, the merchandise is an asset therefore it should be credited.

Answer - Sales Returns and allowances debit 15

Cash credit 15

Explanation:

its ocrrect

The demand for the coffee will decrease with the rise in the fee because of decrease in the money in hand of the student.

Explanation:

Demand of a particular product is related to many factors. Some of the factors affecting the demand of a good are price of the good, income of the consumers, taste, fashion, availability of substitutes and so on.

In the above given example, since with the rise in the tuition and the fee of the student, the money in the hand of the student decreases, so he will have less money to spend. Therefore the demand of the coffee will also decrease with this increase.

The increase in tuition and fees for the next semester is likely to impact the demand for Moondogs Coffee.

The increase in tuition and fees for the next semester by 15% is likely to have an impact on the demand for Moondogs Coffee. When the cost of attending college increases, students may look for ways to cut down on expenses, potentially including reducing spending on non-essential items such as coffee. However, it is important to consider that the impact on Moondogs Coffee demand will also depend on factors such as the availability of alternative coffee options on campus and the extent to which students value their coffee consumption.

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Answer:

Brain Sketching.

Explanation:

Brain Sketching: With this technique a person draws the idea he is having a as a way to communicate their ideas to other people. This technique can do two things:

Answer:

Explanation:

Bond payable ratio:

Electric Mixer Division = 9,500,000 / 13,000,000 = 73%

Electric Lamp division = 3,500,000 /13,000,000 = 27%

Interest Expesens Allocated to Electric Lamp Division = 975,000*27% = $263250

Answer:

The correct answer is C

Explanation:

Managerial economics is the term which is defined as the amalgamation of the theory of economic with the practices of the business in order to ease the decision making as well as future planning through management. This assist the managers of the business in the rational solution of problems faced in the activities of the firm.

The purpose or motive of the managerial economics is that to increase the  decision making efficiency in order to increase the profit of the business. Therefor,e it is best defined as the one which helps the managers in taking decisions while in facing the scarcity.

Answer:

Option (a) is correct.

Explanation:

Given that,

Note value = $150,000

Rate of interest = 10%

Time period: May 1 to December 31 = 8 months

Therefore, the interest amount upto December 31 is calculated as follows:

= Note value × Rate of interest × Time period

= $150,000 × 10% × (8 ÷ 12)

= $150,000 × 0.1 × 0.67

= $10,000

Hence, interest of $10,000 will Longitude report on its income statement for the year ending December 31.

Answer:

The correct answer is letter "B": Nicolas Maduro of Venezuela.

Explanation:

The left-wing in politics is characterized by following pure communism, socialism, fascism, and anarchy ideas to rule a country. Even if the economy is regulated by the government under these societies promoting equal treatment moreover among the lowest economical stratus, human rights tend to be violated.  

Dictator Nicolas Maduro (born in 1962) took Venezuela's government after the decease of his predecessor Hugo Chavez (1954-2013). Under Maduro's mandate, Venezuela has an inflation rate of 200,000% and the country's economy has contracted 35%. Millions of Venezuelans have left the country because of the shortage of basic staples in the country and the lack of assistance to the masses' needs.

Final answer:

Nicolas Maduro of Venezuela would be the furthest left on the economic scale as Venezuela follows a command socialist economy, according to the spectrum of economic systems.

Explanation:

The question "Which of the following peeps is the furthest left on that economic scale?" refers to the position on the economic spectrum where different economic systems are placed, ranging from market capitalism to command socialism.

Based on the information presented, Nicolas Maduro of Venezuela would be the furthest left, as Venezuela is known for its command socialist economy, which is characteristically more to the left on the economic scale compared to market capitalist or mixed economies.

Answer:

The correct answer is letter "C": multifactor productivity.

Explanation:

Multifactor productivity refers to how the combination of labor and capital is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in management, adjustment costs, and economies of scale.

Answer: C. multifactor productivity.

Explanation: Multifactor productivity measures the efficiency of all inputs used in the production process, considering multiple factors rather than a single input.

Answer:

a. Cash receipts from customers - operating activity

b. Issuance of common stock for cash - financing activity

c. Payment of cash dividends- financing activity

d. Cash purchase of equipment- investing activity

e. Cash payments to suppliers- operating activity

f. Sale of old machine for cash- investing activity

Explanation:

Activities such as cash receipts from customers and payments to suppliers fall within operating activities. Issuance of common stock for cash and payment of cash dividends are financing activities while cash purchase of equipments and sale of old machine for cash are investing activities.

The categorization of these activities in the statement of cash flows would be as follows: a. Cash receipts from customers - This falls under operating activities because it is a regular business activity. b. Issuance of common stock for cash - This is a financing activity as it involves raising capital. c. Payment of cash dividends - This is also a financing activity as it relates to paying returns to shareholders. d. Cash purchase of equipment - This activity is an investing activity as it involves the acquisition of a long-term asset. e. Cash payments to suppliers - This falls under operating activities as it is a regular business activity. f. Sale of old machine for cash - This is an investing activity because it involves disposal of a long-term asset.

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Explanation:

be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.

share diverse experiences: Sharing experience does not fill the gap, only proving fills it.

have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.

believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.

seek high levels of achievement: High level of achievement can be done only through learning.

Closing skill gaps involves being motivated to learn, sharing diverse experiences and maintaining a high level of energy and action orientation. It also means believing in your personal control over destiny, and seeking high levels of achievement.

Closing skill gaps between what you perceive you possess and what employers think you have involves a multi-faceted approach. The key components are self-motivation to learn, understanding and acknowledging the need for diverse experiences, and maintaining a high level of energy with an action-oriented approach.

Firstly, be motivated to learn. Constant learning and adapting to new skills is crucial. Find resources and training to improve in areas you feel deficient. Consider online courses, books, and seminars that can help you learn and refine your skills.

Secondly, share diverse experiences. This can be achieved by taking up different roles, responsibilities or projects that not only build your skills but also enhance your ability to adapt and innovate.

Thirdly, maintain a high energy level and an orientation towards action. This essentially means being proactive and showing your eagerness to put your skills to use. Employers appreciate individuals who are action-oriented and ready to contribute.

Furthermore, believing in your personal control of destiny and seeking high levels of achievement will also help to bridge this gap. It's about being accountable and showing a commitment to achieving results.

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Answer:

Notes Receivables 40,000 debit

     Sales revenue            40,000 credit

-- to record the sale and the accepted promissory note--

interest receivables 1,000 debit

    interest revenue    1,000 credit

--to adjust for interest at year-end ---

Cash             41,500 credit

  Notes Receivables          40,000 credit

  Interest receivables           1,000 credit

 Interest revenue                    500 credit

--to record the maturity and honor of the note--

If we didn't make the adjusting entr. the 2021 income will be understated by 1,000 and the 2022 overstated by 1000

as we assing the 6 month of interest from 2021 into 2022 accounting period.

Explanation:

We record the sales reveneu for the nominal. over time we are going to accrue interest.

principal x rate x time = interest

we should express rate and time in the same metric, in this case as teh rate is annual we express time in portion of a year (X month / 12)

Adjusting entry at year-end

40,000 x 5% x  6 /12 = 1,000 interest revenue

At maturity:

40,000 x 5% x 3/12 = 500 interest revenue

And we have to write-of the note receivable and the interest receivables.

1) Journal Entry to Record Sale of Merchandise on June 30, 2021: Accounts Receivable - 40,000, Sales – 40,000. 2. Journal Entry for December 31, 2021 Interest Accrual: Interest Receivable - 1000, Notes Receivable - 40000 and Cash – 41000. 2) Income before income taxes will be understated by $1,000 in 2021 and there will be no impact on income before income taxes in 2022.

Part 1: Prepare Journal Entries

1. Journal Entry to Record Sale of Merchandise:

[tex]\[ \text{Accounts Receivable} \quad \quad \quad 40,000 \][/tex]

[tex]\[ \text{Sales} \quad \quad \quad \quad \quad \quad \quad 40,000 \][/tex]

To record the sale of merchandise on June 30, 2021.

2. Journal Entry for December 31, 2021 Interest Accrual:

To calculate interest accrued from June 30, 2021, to December 31, 2021:

[tex]\[ \text{Interest} = \text{Principal} \times \text{Annual Interest Rate} \times \text{Time} \][/tex]

Where:

Principal = $40,000

Annual Interest Rate = 5% = 0.05

Time = 6/12 = 0.5 year (from June 30 to December 31)

[tex]\[ \text{Interest Accrued} = 40,000 \times 0.05 \times 0.5 = 1,000 \][/tex]

Journal entry to record the interest accrual:

[tex]\[ \text{Interest Receivable} \quad \quad \quad 1,000 \][/tex]

[tex]\[ \text{Interest Revenue} \quad \quad \quad \quad 1,000 \][/tex]

To accrue interest revenue for the period from June 30, 2021, to December 31, 2021.

3. Journal Entry for March 31, 2022 Collection:

On March 31, 2022, the note plus accrued interest will be collected:

[tex]\[ \text{Accounts Receivable} \quad \quad \quad 41,000 \][/tex]

[tex]\[ \text{Interest Receivable} \quad \quad \quad \quad \quad \quad (1,000) \][/tex]

[tex]\[ \text{Notes Receivable} \quad \quad \quad \quad \quad \quad (40,000) \][/tex]

[tex]\[ \text{Cash} \quad \quad \quad \quad \quad \quad \quad \quad \quad 41,000 \][/tex]

To record the collection of the note and interest on March 31, 2022.

Part 2: Impact on Income Before Income Taxes

If the adjusting entry for the interest accrual on December 31, 2021, is not prepared, the impact on income before income taxes in 2021 and 2022 would be as follows:

2021:

Without the interest accrual entry, interest revenue of $1,000 would not be recognized.

Income before income taxes in 2021 would be understated by $1,000.

2022:

If the interest accrual is not adjusted, there would be no impact on 2022 since the interest would be recognized upon collection.

To determine the price that a company would charge a customer for a job completed, you need to first calculate the total cost of the job, then add 45% of that total cost to find the final price. In this case, the company would have charged the customer $12,325.

First, we need to calculate the total cost of the job. This is the sum of the cost of direct labor and the cost of direct materials. In this case, the cost of direct labor is $4,900 and the cost of direct materials is $3,600. So the total cost is $4,900 + $3,600 = $8,500.

The company prices its jobs at 45% above the job’s cost. So we need to calculate 45% of the total cost, which is $8,500 × 0.45 = $3,825.

Then, we add the total cost and the additional 45% to find the price that would have been charged to the customer. That would be $8,500 + $3,825 = $12,325. Rounded to the nearest dollar, the price charged would have been $12,325.

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Answer:

The contribution margin per unit is $370

Explanation:

Contribution margin per unit is the amount that each additional unit sold contributes towards a company’s fixed costs and profit and calculated by following formula:

Contribution Margin per Unit = Sales Price – Variable Cost per Unit

Variable Cost per Unit  = Marketing and administrative cost per unit + Manufacturing overhead cost per unit + Direct labor cost per unit + Direct materials cost per unit = $50 + $80 + $100 + $200 = $430

Contribution Margin per Unit = $800 - $430 = $370

Answer:

Explanation:

Trade increases the amount of goods that are available for each country to consume. The consumption possibilities point of an economy is derived from  its opportunities of international trade, production capacity and consumer behavior.

International trade increases competition in the market which ultimately leads to lower prices of commodities. It provides the consumers the purchasing power capacity of their own income, and leads a rise in consumer surplus and consumption.

Answer:

C. buyers of the good

Explanation:

A tax is an amount levied on a good or service by the government which increases its price. A tax increases the price of a good.

If a tax shifts the demand curve to the left ,it means the tax affects buyers of a good.

If a tax shifts the supply curve to the left, it means the tax affects sellers of a good.

I hope my answer helps you

Final answer:

To record Jones Enterprises' transactions in the accounting equation, $3,900 was received from creditors as a liability, and $9,100 was contributed by owners as owner's equity. The company then purchased land for $11,000, which leaves the final accounting equation balanced with total assets of $13,000 – including $2,000 in cash and $11,000 in land – equating to the sum of liabilities and owner's equity.

Explanation:

To record the events under an accounting equation, we must consider the impact on the company's assets, liabilities, and owner's equity. Jones Enterprises started by acquiring cash from two sources: creditors and owners. Here's how the accounting equation would be represented:

Initial Transactions:

As a result, the cash account (an asset) increases by ($3,900 + $9,100) = $13,000.

Jones Enterprises then purchases land for $11,000, which is another asset.

Accounting Equation:

Total Assets after purchase: Land $11,000 + Cash $2,000 = $13,000

Total Liabilities after cash from creditors: $3,900

Total Owner's Equity after cash from owners: $9,100

Final Accounting Equation: $13,000 (Assets) = $3,900 (Liabilities) + $9,100 (Owner's Equity)

All the transactions recorded affect the accounting equation and maintain the balance, which is a fundamental concept in accounting.

Answer:

$352,000

Explanation:

Alpha Company reported the following figures:

Inventory on July 1 = $75,000

Inventory on July 31 = $43,000

Purchases for the month = $320,000

Cost of Direct material used = Inventory on July 1 + Purchases for the month - Inventory on July 31

Cost of Direct material used = $75,000 + $320,000 - $43,000

Cost of Direct material used = $352,000

Answer:

$36,070

Explanation:

Given that,

Contribution margin ratio = 61%

Fixed monthly expenses = $47,500

sales = $137,000

Contribution margin:

= Sales × Contribution margin ratio

= $137,000 × 61%

= $83,570

Net income = Contribution margin - Fixed monthly expenses

                    = $83,570 - $47,500

                    = $36,070

Therefore, the best estimate of the company's net operating income in a month is $36,070.

Answer:

The answer is $500

Explanation:

a: 1,000,000 the amount of the loan

r: 0.06 (6% expressed as 0.06)

n: 120 (based on monthly payments * 10 years)

monthly payment = (amount * r )/ 12

monthly payment = ($1,000,000* 0.06) /120 = $500

Answer:

The journal entry for each transaction is given below.

April 1 Invested $23,000 cash in her business.

Debit Cash Asset            $ 23,000

Credit Capital Account    $ 23,000

1 Hired a secretary-receptionist at a salary of $800 per week payable monthly.

(No entry required)

2 Paid office rent for the month $1,100

Debit Rent Expense    $ 1,100

Credit Cash Asset        $ 1,100

3 Purchased dental supplies on account from Dazzle Company $4,900.

Debit Supplies Inventory    $ 4,900

Credit Account Payable      $ 4,900

10 Performed dental services and billed insurance companies $4,600

Debit Receivables account     $ 4,600

Credit Service Revenue           $ 4,600

.11 Received $1,300 cash advance from Leah Mataruka for an implant.

Debit Cash Asset                              $ 1,300

Credit Advance Income Liability      $ 1,300

20 Received $2,500 cash for services performed from Michael Santos.

Debit Cash Asset Account    $ 2,500

Credit Receivable Account   $ 2,500

30 Paid secretary-receptionist for the month $3,200.

Debit Salary Expense    $ 3,200

Credit Cash Asset          $ 3,200

30 Paid $3,140 to Dazzle for accounts payable due

Debit Account Payable   $ 3,140

Credit Cash Asset           $ 3,140

Vera Ernst journal entries for the transactions are:

April 1

Debit Cash             $ 23,000

Credit Owner's Equity    $23,000

(To record owner's Investment)

April 1

No journal entry

April 2

Debit Rent Expense    $ 1,100

Credit Cash         $ 1,100

(To record office rent)

April 3

Debit Supplies     $ 4,900

Credit Account Payable-Dazzle company  $ 4,900

(To record  supplies on account)

April 10

Debit  Account Receivables -Insurance company   $ 4,600

Credit Service Revenue           $ 4,600

(To record services performed)

April 11

Debit Cash                               $ 1,300

Credit Unearned revenue      $ 1,300

(To record Cash received for future services)

April 20

Debit Cash $ 2,500

Credit Service revenue   $ 2,500

(To record Cash received for services performed)

April 30

Debit Salary Expense    $ 3,200

Credit Cash           $ 3,200

(To record salary expense)

April 30

Debit Account Payable   $ 3,140

Credit Cash      $ 3,140

(To record amount paid to Dazzle on account)

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Answer:

it will take 20.75 year to reach amount $20000

Explanation:

It is given that average worker in China makes $5000 per year

So principal amount P = $5000

It is given that wage are keeping up with a rate of 7%

So rate of interest r = 7 %

We have to find the time in which amount will become $20000 per year

We know that total amount is given by [tex]A=P(1+\frac{r}{100})^n[/tex], here n is time period and r is rate of interest

So [tex]20000=5000(1+\frac{7}{100})^n[/tex]

So [tex]4=1.07^n[/tex]

Taking log both side

[tex]log4=nlog1.07[/tex]

[tex]0.6020=n\times 0.029[/tex]

n = 20.75 year

So it will take 20.75 year to reach amount $20000

Answer:

Because competition makes each religion group try harder to win followers and the presence of numerous religions means that there is likely to be something for just about everyone.

Explanation:

The economics of religion is an area of ​​study whose objectives are to analyze the historical and sociological aspects of the development of religions and to investigate certain religious aspects around the world.

This type of economy is impacted by several factors, and seeks to understand the influence of religions on economic society, such as the regulation of economic growth in religious markets, religious pluralism, the study of different religions, the donation of resources, the creation of religious conflicts, cooperation with the development of societies, etc.

Therefore, studies of religious economics are relevant to understand how historical religious facts were relevant to the growth of adherents and the emergence of new religions that justified different beliefs and values ​​of groups.

Answer:

When you see the operations of an organization, it is composed of different factors, one of them is the decision process because people who have obligations must have the ability to make the best decisions, then each person in the organization is in the role which should know the functions they fulfill and therefore, must always keep updating their capabilities and finally, the processes are very relevant because the definition of each of the processes efficiently, makes the organization controls are complied with if These are not efficient, there would be a failure in what the objectives are.

Answer:

Maturity risk premium 3.50%

Explanation:

Yield rate = 9%

Risk free risk = 3.25%

Inflation rate = 2.25%

Formula for yield rate:

Yield rate = Risk free risk + Inflation rate + Maturity risk premium

r= rfr+ir+Mrp

9.00% = 3.25% + 2.25% + Mrp

0.09 = 0.0325 + 0.0225 + Mrp

0.09 = 0.055 + Mrp

Mrp = 0.09 - 0.055

Mrp = 0.035

Mrp = 3.5%

So the Maturity risk premium is 3.5%

Answer:

The payback period of DVD is 1.61 years and for base game is 1.537 years.

Explanation:

Payback period is the period of time taken by a project to recover its initial outflow.

BOARD GAME

the initial outflow is $1200,

payback period

= 1 year (to recover $690) + 0.537 years [(1200-690)/950]

= 1.537 years.

DVD

the initial outlay is $2700

period to recover the same

= 1 yr (to recover $1750) + 0.6051 yrs [(2700-1750)/1570]

= 1.6051 years.

Therefore, The payback period of DVD is 1.61 years and for base game is 1.537 years.

Answer:

Alternating treatments

Explanation:

Alternating treatment design involves a single participant where there is random or semi random alternation between treatments. The change in treatment is done as frequently as possible to obtain behavioural results from the subject.

Millie switching between behavioural checklist strategy and checklist strategy bis an example of alternating treatment.

Millie is using an alternating-treatments design to compare the effectiveness of a behavior checklist and prompted praise strategy by alternating between them and recording the on-task behavior of her student, Kent.

Millie is employing an alternating-treatments design. This design is utilized when two or more interventions are alternated to determine their effectiveness on a subject's behavior. In Millie's case, she is recording Kent's on-task behavior while alternating between a behavior checklist and a prompted praise strategy. By comparing the on-task behaviors during these different strategies, she can assess which one is more effective for managing Kent's behavior.

This is in contrast to other experimental designs such as static group comparison, which compares different groups, a multiple baseline design, which observes behavior across different settings or behaviors over time, and a control group time series, which would involve repeated measures over time with a control group for comparison.

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A company assigns overhead costs to completed jobs based on 115% of direct labor cost.

Job 413:

Direct materials= $23,085

Direct labor= $10,100

A total of 1,400 units were produced in Job 413.

A) To calculate the total cost of Job 413, we need to use the following formula:

Total cost= total direct material + total direct labor + total overhead

TC= 23,085 + 10,100 + (10,100*1.15)= $44,800

B) The unitary cost is calculated by the division of the total cost on the number of units:

Unitary cost= total cost/Q= 44,800/1,400= $32

Answer:

$2,425

Explanation:

Value of House = $135,000

Value of Land = $35,000

Value of Building = $135,00 - $35,000

Value of Building = $100,000

As There is no depreciation on the Land, so value of building will be depreciated

Assumption:

Year end date is not mention in the question so I have assumed it as December 31, 2018.

Option for the question are also missing so for you reference original question's picture is attached please find that.

As depreciation percentage or useful life of the building is not given so I just copied this from the internet and solved the question accordingly.

Copied: "Research the MACRS recovery period for the property by determining its class. Residential rental property can be depreciated for 27.5 years. Commercial rental property can be depreciated over 39 years. You cannot depreciate a residential property that you have rented for more than 27.5 years."

Considering this House as residential rental property.

Depreciation for a year = 100,000/27.5 = $3,636

Depreciation for the year = (3,636/12) x 8 = $2,424

Nearest option is $2,425