An auto has a sticker price of $20,000. A company purchases the auto, but negotiates with the sales person and pays a price of only $18,000. What value will be reported for the auto on the balance sheet

Answers

Answer 1

The auto will be reported for $18,000 on the balance sheet. The balance sheet is a financial statement that reports an entity's assets, liabilities, and equity at a specific point in time. It is a reflection of the company's financial position.

The value of the auto reported on the balance sheet is $18,000. The balance sheet is one of the financial statements that show a snapshot of a company's financial position. The balance sheet consists of assets, liabilities, and equity. The assets section is divided into current and long-term assets.

The value of the auto reported on the balance sheet will be the price paid by the company to purchase the auto. The sticker price of $20,000 is the manufacturer's suggested retail price, which is also known as the list price. The company negotiated with the salesperson and paid a price of $18,000 for the auto.

The value of $18,000 will be reported on the balance sheet as the auto's cost. The balance sheet reports the assets, liabilities, and equity at a specific point in time. It is a reflection of the company's financial position. The balance sheet equation is assets = liabilities + equity.

The assets are divided into current and long-term assets, and the liabilities are divided into current and long-term liabilities. The equity section consists of the owner's investment and earnings, also known as the company's book value.

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Related Questions

It takes six weeks for a tire order to be delivered to the Auto & Tire Center in the Walmart Supercenter in Wisconsin. Tires are ordered every five weeks. Currently, there are 90 tires on hand and another 340 on order. Sales are expected to use 120 tires per week and the department maintains a reserve of 40 tires. It's time to reorder tires.
How many tires is the department open to receive?
If the tires that are ordered cost the company $43 per tire, and the retail price of the tires is determined by marking up the cost by 57%, what is the total retail value of the tires being ordered?

Answers

The department should be open to receive 760 tires with a total retail value of $51,307.60.

Data and Calculations:

Beginning inventory = 90

New order of tires = 340

Total units available = 430 (90 + 340)

Sales of tires per week = 120

Expected ending inventory = 40

Therefore, the number of tires the department should be open to receive is 760 (40 + (120 x 6).

Cost per tire = $43

Markup = 57%

Retail price per tire = $67.51 ($43 x 1.57)

Thus, the total retail value of the 760 tires being ordered is $51,307.60.

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According to Marxist Theory, the superstructure grows out of the economic base and perpetuates illusions that maintain the division of labor via false consciousness. Group of answer choices True False

Answers

"The given statement is True". According to Marxist Theory, the superstructure of a society grows out of its economic base, and it is designed to perpetuate the dominant ideology of the ruling class.

The superstructure consists of the institutions and systems that support and legitimize the economic base, including the political, legal, and cultural systems.

Marxist Theory suggests that the ruling class perpetuates illusions through the superstructure that maintain the division of labor and social classes through the creation of false consciousness.

False consciousness refers to a state of mind in which individuals do not understand the true nature of their social and economic conditions and are instead influenced by the dominant ideology of the ruling class.

Thus, the superstructure, as a product of the economic base, is used to perpetuate the existing social order by controlling the ideas and beliefs of the masses. In Marxist Theory, the superstructure is seen as a tool of domination and control, and the struggle to overthrow it is an essential part of the class struggle.

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what traits should i have to become a model?

Answers

Answer:

Self worth, positivity, self esteem, respectfulness

Explanation:

Answer:

a good body, attractive, confidence

The money supply in muckland is $100 billion. nominal gdp is $800 billion and real gdp is $200 billion. what are the price level and velocity in muckland?

Answers

The price level is high or 1.1 trillion dollars total. The velocity is 5.5 billion dollars.

This should be correct depending on how your teacher or tutor is asking this question.

Hope this helps have an excellent day!

What is the biggest business in the world right now and why.

Answers

Answer:

Apple

Explanation:

It is worth the most money. It is worth 2 trillion dollars.

Answer:

anime

Explanation:

an anime? jus cu.z i luv anime

Part 1: Recording Entries for Manufacturing
One of the products Al-Can Products, Inc. manufactures for their rest stops are benches. Perform the following tasks to classify and record common manufacturing costs.
The production of the rest stop benches requires the following costs. For each cost, determine how the cost should be classified by placing an X in the appropriate column.


Direct Materials
Direct Labor
Factory Overhead
None
Wages of factory supervisor








Rent of company headquarters








Lumber to manufacture benches








Factory property taxes








Bench inspector wages








Wages for the marketing manager








Cleaning supplies to maintain equipment








Wages of production employees








Stain for the benches










Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs.
Answer:

Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for
Part 1: Recording Entries for ManufacturingOne of the products Al-Can Products, Inc. manufactures for

Answers

The factory overhead applied rate for next year is 48.19% of the estimated direct labor costs.

How do we calculate the factory overhead applied rate for next year?

The factory overhead applied rate is calculated by dividing the total factory overhead by the estimated direct labor costs and expressing the result as a percentage.

So, the formula for factory overhead applied rate is \((Total factory overhead / Estimated direct labor costs) * 100%\)

Plugging in the given values, we get factory overhead applied rate which is:

= ($123,456.00 / $256,190.00) * 100%

= 0.481892346 * 100%

= 48.1892346%

= 48.19%.

Complete and answered question "Al-Can Products, Inc. estimates that it will build 5,000 benches next year. For this amount of production, total factory overhead is estimated to be $123,456.00. Estimated direct labor costs for next year are $256,190.00. Calculate the factory overhead applied rate for next year as a percentage of direct labor costs".

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HELPPPP ASAP GIVING BRAINLESS IF THE ANSWERS ARE CORRECT.

Use these words to answer the questions:
raw material, social, decision making, economic, labour, unemployment, personalized ​

HELPPPP ASAP GIVING BRAINLESS IF THE ANSWERS ARE CORRECT.Use these words to answer the questions:raw

Answers

unemployment, decision making, personalised, social, raw material, economic

If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.

Answers

Answer:

An investor will be able to sell these shares for a higher price and make a profit.

Explanation:

This is because the investor can sell the share for a higher price as people see the company is doing well.

Scholarships awarded for high GPAs or test scores are based on _____.

Answers

Answer:  Merit-based...

Help this is super confusing

Help this is super confusing

Answers

Answer: Reasons

Explanation: Crystals are collected for jewelry, sugar, salt, computer chips. So if it shows you all those examples it would be collected for many reasons. I hope this helped!

How is a person counted as unemployed ?

How is a person counted as unemployed ?

Answers

The person must have worked within last six months or have been injured on the job.

if you own 100 shares in a company that announces a 2-for-1 stock split (with no other announcement), you should

Answers

If you own 100 shares in a company that announces a 2-for-1 stock split (with no other announcement), you should:  

* Keep your 100 shares.

shares. The number of shares you own will double, but the price per share will be halved. So, the total value of your investment will remain the same. * Sell half of your shares. This will allow you to lock in the current price of the stock and take some profits. You can then reinvest the proceeds in other stocks or keep them in cash.

* Do nothing. This is also an . If you are happy with your investment and you believe the company is a good long-term investment, then you can simply keep your shares and wait for the stock to appreciate in value.  

The decision of what to do with your shares after a stock split is a personal one. There is no right or wrong . You should consider your individual circumstances and investment goals before making a decision.  

Here are some additional details about stock splits:  

* A stock split is a corporate action that increases the number of shares outstanding while proportionally decreasing the price per share. * Stock splits are typically done to make the stock more affordable to investors and to increase the liquidity of the stock.

* Stock splits do not change the total value of the company or the value of your investment. * Stock splits can be a good way to increase the visibility of your investment and to attract new investors. \

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What is NOT an advantage of being an entrepreneur?

Answers

Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business

Answer:

The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.

Explanation:

Patty’s Pottery Company decided to sell its coffee mugs in the local coffee shop. What marketing decision was this?

Question 10 options:

Place


Promotion


Product


Price

Answers

Answer:

A- Place

Explanation:

Place refers to distribution or the methods and location.

Why are economies most efficient when they have full employment?A. No productive resources are left unusedB. No one person has to work too hard. C. Wages are spent for consumer goodsD. Unemployment offices can be closed.

Answers

(A) Because no productive resource is idle, economies function best when all of their resources are being used under full employment.

What is full employment?

When there is full employment, neither cyclical nor deficient-demand unemployment exists.

The eradication of all unemployment is not guaranteed by full employment because frictional and structural unemployment can still exist.

Since this type of unemployment is frictional rather than cyclical, people who are "between jobs" for brief periods of time while looking for better employment are not counted against full employment.

When part-time workers cannot find occupations that match their skill level, there may be underemployment or unemployment in an economy with full employment.

This type of unemployment is considered structural rather than cyclical.

Because no productive resources are idle, economies are most efficient when they are fully employed.

Therefore, (A) because no productive resource is idle, economies function best when all of their resources are being used under full employment.

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when smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force. how would this practice help the company to become a low-cost producer?

Answers

As smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force, this practice would help the company smart electric condensed all its parts factories into one large location, the company increased research and development and customer service, and decreased its sales force by constructing efficient large-scale facilities.

Smart Electric condensed saw the potential for not only a cost savings, but also an improvement in their operations when they decided to consolidate all their parts factories into one large location.

This move enabled them to increase their research and development, as well as their customer service, while simultaneously decreasing their sales force.

This was accomplished by constructing efficient large-scale facilities that allowed for the production of all their parts under one roof. The cost savings and increased efficiency enabled them to better serve their customers and make better use of their resources.

As a result, Smart Electric has been able to provide its customers with quality products and services, while reducing its overhead costs.

The consolidation of their parts factories into one large location has been instrumental in allowing Smart Electric to succeed.

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Describe which fiscal policies of the U.S. Congress would be considered expansionary actions and which would be contractionary actions

Answers

Answer:

Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right.

Explanation:

Contractionary fiscal policy occurs when Congress raises tax rates or cuts government spending, shifting aggregate demand to the left.

Which of the following is NOT a responsibility of the Finance department?
A.Obtaining needed funds B.Managing the use of company funds
C.Establishing external relations
D.Creating a financial plan

Answers

The statement "developing the external relations" is correct.

The following information related to the responsibility of the Finance department is:

Receiving the funds that are needed.Managing the fund of the company that is used.Developing the financial plan of the organization.

Therefore we can conclude that The statement "developing the external relations" is correct.

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Which one of the following statements is​ false? A. The activities along the critical path determine the completion time of the project. B. If one of the activities on the critical path is​ delayed, the entire project will be delayed. C. There may be more than one critical path in a project network. D. The critical path is the sequence of activities between a​ project's start and finish that takes the shortest time to complete.

Answers

Answer:

C.

Explanation:

The critical path is the sequence of activities between a​ project's start and finish that takes the shortest time to complete.

The local recycling center sends a truck to the
school once a month to collect the paper that
was recycled. Each month, the truck picks up
642.3 pounds of paper. How much would the
truck pick up after 3 months?

Answers

Answer:

1,926.90 pounds

Explanation:

In one month, the trucks collect 642.3 pounds of paper.

After three months, the trucks will have collected.

=642.3 pounds multiplied by three months

=642.3 x 3

= 1,926.90 pounds                

Jimmy, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Trent and Luke. He asks the human resource department to help, and the department's training manager, Emily, investigates. She tells Jimmy that the two subordinates lack interpersonal communication skills but would be likely to improve with proper training. This scenario suggests that Emily has conducted a(n)

Answers


it is the person analysis

reason-

a person analysis is the analysis in whch we study the behaviour of the employees it helps us to identify the employees who lacks skills or need training.

according to erikson, the final stage of moral development is explaining right and wrong in terms of rules. group of answer choices true false

Answers

False. Erik Erikson did not propose a stage of moral development focused on defining right and wrong in terms of rules.

False.

The developmental psychologist Erik Erikson did not suggest a stage of moral development that is solely concerned with defining right and evil in terms of rules. Eight stages make up Erikson's theory of psychosocial development, which spans the entire lifespan and features a different psychosocial crisis or difficulty at each stage.

Lawrence Kohlberg's thesis is more frequently linked to phases and the development of moral reasoning in terms of moral growth. Pre-conventional, conventional, and post-conventional levels are among Kohlberg's phases of moral development. The post-conventional or principled level in Kohlberg's theory is where people base their sense of good and wrong on universal ethical principles rather than just following rules.

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What part of $14 is greater than $12

Answers

Answer:

$2

Explanation:

so this question is easy and not need to be explained much but if u don't know then there r many ways to find the answer one of it is to

$14 - $12 = $2

Done!!!!!

Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?

A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate​

Answers

C, otherwise there is no reason to go
i think it would be a bit i’m not for sure yet

Jane is applying for a job at an in-store job kiosk. What is a benefit of applying for a job this way?

Jane can print the application to complete at home.
Jane can search for current job openings at the store.
Jane can start the application and then come back the next day to complete it.
Jane will need home computer access to finish the application.

Answers

The benefit of applying for a job this way is (A)Jane can print the application to complete at home .

What are the benefits of applying for a job online ?

If the applicant has carpal tunnel syndrome or arthritis, filling out standard paper forms might be excruciating, sometimes literally. It is also true that many job candidates, especially those under 30, feel more at ease communicating with a computer than with a pen or pencil. Employers gain as well No longer will hiring supervisors or HR staff have to strain their eyes to read sloppy handwriting.

On a typical form, a stressed job candidate could unintentionally make typos and leave questions unfilled. In some circumstances, a mistake like this may be sufficient to disqualify the candidate. Online applications may be programmed so that submission is only possible after completion.

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You see that the price of wooden chairs increased, while the quantity decreased. Which of the following is most likely to have caused this change? An increase in the number of suppliers of wooden chairs A decrease in the price of wooden tables (a complement to wooden chairs) An increase in the price of wood (an input into the production of wooden chairs) A decrease in the popularity of wooden chairs

Answers

An increase in the price of wood (an input into the production of wooden chairs) is most likely to have caused the change in the price and quantity of wooden chairs. Option C.

When the price of wooden chairs increases and the quantity decreases, it suggests a shift in the supply curve or a change in the factors affecting the production of wooden chairs.

Among the given options, an increase in the price of wood (an input into the production of wooden chairs) is the most likely cause. Wood is a key resource in the production of wooden chairs, and if its price increases, it raises the production costs for chair manufacturers.

As a result, suppliers may reduce the quantity supplied of wooden chairs to maintain profitability, leading to higher prices and reduced availability in the market.

An increase in the number of suppliers of wooden chairs would likely have the opposite effect. With more suppliers, the competition would increase, potentially leading to lower prices and a greater quantity of wooden chairs available.

A decrease in the price of wooden tables (a complement to wooden chairs) would not directly impact the price and quantity of wooden chairs. Complements are typically consumed together, but a decrease in the price of one does not necessarily affect the other.

A decrease in the popularity of wooden chairs might impact demand, but it would not directly explain the increase in price and decrease in quantity. A decrease in popularity would generally result in a decrease in both price and quantity.

Therefore, an increase in the price of wood is the most likely factor to have caused the change in the price and quantity of wooden chairs. So Option C is correct.

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profit is the only
Organizational objectives of the business.Do you agree

Answers

Explanation:

I agree because without profit what's the use of the business

What are some ways to decrease nonpoint source pollution?

Answers

Even if the precise sites of nonpoint sources of pollution cannot be pinpointed, scientists are aware that some settings and processes generate significant amounts of pollution. Systems have been devised by experts to minimize or even completely eradicate in certain areas.

To start cleaning up our ponds, rivers, streams, and wetlands, state and municipal governments, volunteer organizations, experts in water quality, and regular citizens are engaging. You may avoid nonpoint sources of pollution at your home or in your neighborhood, whether you live in a large city or the country.

The following steps can be taken to decrease nonpoint source pollution:

Upkeep of septic tanksGather pet wasteDeal with Significant Matters of Small Farms

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This is your last turn to achieve your goals of a $1,000 net profit and a gross margin of 30%. Are you headed in the right direction from turn 1 to turn 2? if so, what worked? if not, what changed? if your gross margin is increasing but your net profit is not, either your costs are increasing or you are selling fewer backpacks. If the net profit is increasing but the gross margin is not, you are selling more backpacks but at a lower profit. You may want to consider either selling or not selling through an available channel and also adjusting your price

Answers

Answer:

Registration link:zeep.ly/HEfpi

Explanation:

Make money from your mobile phone on complete autopilot to get an income passively, which is one of the

best ways to make money online. Making money online wherever you are or working from home is the ultimate

dream. There are multiple legit ways available on the Internet which you can earn money in your spare time

or even in your sleep. You can make this your full-time job as well. Anyone, even without previous

experience can do this and make money online.

Net profit is the amount of money that a business earns after deducting all of its expenses from its total revenue. Hence, the right direction is from turn 1 to turn 2.

What is Gross Profit?

Gross profit is the difference between a company's revenue and the cost of goods sold (COGS). It represents the amount of money that a company makes after deducting the direct costs associated with producing and selling its products or services.

Gross Profit = Revenue - Cost of Goods Sold

Gross profit is an important financial metric because it provides insight into a company's ability to generate revenue from its products or services while controlling its costs.

A higher gross profit margin indicates that a company is able to produce and sell its products at a higher markup, which can be an indication of operational efficiency and competitive advantage.

Hence, the Net Profit is headed.

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which of these accurately describes an advantage of selling bonds to raise long-term capital? a. interest is not a legal obligation. b. interest is a tax-deductible expense. c. face value is not repaid. d. bondholders have voting rights.

Answers

An advantage of selling bonds to raise long-term capital is that "interest is a tax-deductible expense". The accurate option is b. Interest is a tax-deductible expense.

Selling bonds to raise long-term capital is advantageous because it helps the company raise funds for the long term. Bonds are an excellent method to raise capital since they allow the issuer to borrow funds without sacrificing ownership. There are several advantages of selling bonds to raise long-term capital, and one of these advantages is that interest is a tax-deductible expense.

In many cases, bond interest is tax-deductible, which means the issuer can deduct the interest payment from its taxable income, lowering its overall tax bill. This reduces the actual cost of borrowing funds through bond issuances. Companies can save money in taxes if the interest paid on the bond is tax-deductible. As a result, this alternative is very attractive to firms because they can save money and manage their financial resources better.

The accurate option is b.

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which of the following is a member of the white house staff? responses the chair of the federal reserve board the chair of the federal reserve board the national security advisor the national security advisor the secretary of commerce the secretary of commerce the ambassador to the united nations the ambassador to the united nations the attorney general A department manager uses his or her hospitals' financial information for the following uses, except for _________: Evaluate the financial condition of the hospital Assess the efficiency of operations Evaluate the hospital's stewardship Assess the fairness of operations which of the following equations represent the profit-maximizing combination of resources for a firm? I am begging you please help me Find the matrix A' for T relative to the basis B' = {(1, 1, 0), (1, 0, 1), (0, 1, 1)}. T: R3 R? T(x, y, z)=(-3x, -7y, 5z) --3-701 A'= -3 05 005 0-70 A'= -3 70 3 75 om = X -5 2 2 A'= -4 6 1 -6 4-1 1 If an embryo starts out with one X chromosome and one Y chromosome, this will typically lead to the development of An athlete dying young 2. In line 8 If a salesperson is looking for specific selling situation information, he or she must gather information on the: Assume $1 = C$1.0955. A TV you want to buy costs $459 in the U.S. Hov much will the identical TV cost in Canada if absolute purchasing power parity exists? Solve the equation. (Enter your answers as a comma-separated list. Use n as an arbitrary integer. Enter your response in radians.) tan2(x) + tan(x) 20 = 0 What are Two requirements to start a business Question 11 of 20 Click to read "I Am Offering this Poem" by Jimmy Santiago Baca. Then answer the question. Baca uses comforting imagery. Which lines have a more serious tone than the rest of the poem? OA. so it is a pot full of yellow corn /to warm your belly in winter, OB. It's all I have to give, / and all anyone needs to live, OC. when the world outside / no longer cares if you live or die; OD. remember. / I love you. Which oi the following statements best describes the mechanism by which the ced-9 protein in the nematode C . elegans prevents apoptosis in normal cells? Ced-9 remains inactive until it is stimulated by ced-3 and other caspases. Active ced-9 prevents activation of the caspase activity of cod-3. Cod. 9 inhibits the cell mombrane receptor for the death-signaling molecule. Ced.g is cleaved to produce the active cod-3 caspase. chapter 1: the revolution is just beginning assignmentthe use of the internet, the web, and mobile apps and browsers running on mobile devices to transact business_____ this adopter group is skeptical and only adopts new products after a majority of poeople has tried it student used the setup below to investigate electric current and fields. which action will increase the current in the wire? A student collects a sample of water from a pond. After a few minutes, some sediment settles out of the water. Which word best describes thA student collects a sample of water from a pond. After a few minutes, some sediment settles out of the water. Which word best describes this sample?is sample? Y is directly proportional to x if x=20,when y=160,then what is the value of x when y=3. 2 A merchant mixed 8 lb of a cinnamon tea with 6 lb of spice tea. The 14-pound mixture cost $38. A second mixture included 16 lb of the cinnamon tea and 4 lb of the spice tea. The 20-pound mixture cost $52. Find the cost per pound of the cinnamon tea and of the spice tea.cinnamon ___ dollars per poundspice ____ dollars per pound For the given functions, find the domains and ranges of f, g, and f+g, and find f.g. f(x) = 4x + 7 , g(x)= 1x-3