Art Supply Company had the following account balances for the year ended December 31, 2020. Use this information to prepare a multistep income statement for Art Supply Company. All gray highlighted boxes need to be completed. Hint: It may be helpful to label each account with its location on the income statement before preparing the statement. Advertising expense Cost of goods sold Gain on sale of building Income tax expense Insurance expense Interest expense Revenue Salaries expense Supplies expense Utilities expense 2,100 62,420 29,100 7,170 6,760 5,610 102,450 18,280 1,420 6,270 Art Supply Company Income Statement For the year ended December 31, 2020 Gross profit Operating expenses: Total operating expenses Operating income Other income/expense (nonoperating items): Income before taxes Net income 2. After preparing the income statement, briefly share your thoughts on Art Supply Company's 2020 results. Based on this statement, are they thriving or was it a difficult year?

The correct answer is  D. Another party being primarily responsible for fulfilling the contract is not an indicator that an entity is an agent.

The role of an agent typically involves acting on behalf of another party, known as the principal, to facilitate transactions or provide services. While an agent may rely on other parties to fulfill certain aspects of a contract, the primary responsibility for fulfilling the contract lies with the agent.

The agent represents the principal's interests and acts as an intermediary between the principal and the other party involved in the transaction.

Options A, B, and C are indicators that suggest an entity is an agent:

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To add line sparklines in the range F5:F10 based on the data in the range B5:E10, follow these steps: Select the range F5:F10., Go to the "Insert" tab in the Excel ribbon.

Open the Excel spreadsheet and navigate to the worksheet containing the data.

Click and drag to select the range F5:F10 where you want to insert the line sparklines.

Switch to the "Insert" tab in the Excel ribbon at the top of the window.

Look for the "Sparklines" group within the "Insert" tab.

Click on the "Line" sparkline option to insert line sparklines.

A dialog box will appear where you need to specify the data range. In this case, the data range is B5:E10.

Select the data range B5:E10 by clicking and dragging over the cells containing the data.

Click "OK" to confirm and insert the line sparklines into the selected range F5:F10.

Now you should see line sparklines representing the data in the range B5:E10 within the range F5:F10.

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The GE's recall of 3.1 million dishwashers costing the company more in repairs than the value of the actual dishwashers is an example of internal failure costs. The correct option is B.

Internal failure costs refer to the costs that a company incurs due to poor quality or defects in its products or services. In this case, GE incurred costs due to a design or manufacturing defect in the dishwashers, which led to their recall and repair.

Internal failure costs can include the cost of repairing or replacing defective products, as well as costs associated with customer complaints, returns, and lost business. These costs can quickly add up and can have a significant impact on a company's bottom line.

To avoid internal failure costs, companies should focus on prevention costs, which involve taking proactive measures to prevent defects and quality issues from occurring in the first place. This can include investing in quality control processes, training employees on quality standards, and conducting regular inspections and audits.

By investing in prevention costs, companies can reduce the risk of internal failure costs and improve overall product quality, which can lead to increased customer satisfaction and loyalty. In summary, GE's recall of 3.1 million dishwashers is an example of internal failure costs, which highlights the importance of investing in prevention costs to avoid such costs in the future.

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Business enhances people's lives in two different ways. For starters, it supplies individuals with high-quality goods as well as services that they require overall their enjoyment, comfort, as well as health.

Second, a business provides people with chances to create income and enhance their quality of life.

The executive summary was, without a doubt, the most crucial component of a business plan. It should be brief, precise, and well-written. Many of the individuals who read their business plan would determine whether or not to keep on reading based only on the executive summary.

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Defogg's revenue market share, given the total revenue made from the high growth market by the 5 firms in the industry, is 17. 18 %

Market share is the percentage of a company's industry's total revenues that it generates. The company's sales for the time period are divided by the total sales for the sector for that time period to determine market share. This metric is employed to provide a basic understanding of a company's size in relation to its market and rivals. The business with the biggest market share in a certain sector is the market leader in that sector.

To find the revenue market share, you first need to find the total market share of all the firms as :

= (total revenue of Allright) + (total revenue of Besthelp) + ( total revenue of Coldcure+) + (total revenue of Defogg) + (total revenue of Effect)

= 9, 000 + 4, 580 + 6, 000 + 6, 940 + 14, 000

= 40, 520 Pesos

Defogg's revenue market share is :

= Defogg revenue / Total market share

= 6, 940 / 40, 520

= 17. 18 %

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Answer:

A I think not really sure hope this helps you

Answer:

According to the search results, the answer is A. Daughter cells have the same number of chromosomes as the parent cell. This is not a characteristic of asexual reproduction in animals

Based on the fact that Hillson Incorporated, a multinational giant, runs a number of diversified businesses. The intellectual property of the firm would include:

This refers to the non transferable property of a person or an organisation which is unique to them and only them.

With this in mind, we can see that Hillson Incorporated is a multinational giant who has a diversified business, then the intellectual property which they would have would include the innovations and capabilities and skills of the employees

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Answer: The answer is Dogs

Explanation: Dogs are the best animal because They're not just popular- historically, the symbiotic relationship between dogs and people helped both species survive.

Garett will require a qualification for this vocation, according to the provided statement.

Children and adolescents are assessed to determine what they know, comprehend, and are capable of doing. Assessment is crucial for monitoring progress, determining future steps, reporting, and integrating parents, kids, and teenagers in the learning process.

There are multiple different ways to go about assessing a person's personality, and there is debate concerning many of the procedures and methodologies that are frequently employed. Interviews, attitude scales, self-reports, personality questionnaires, projective methods, and behavioral observation are a few examples of these evaluations.

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Answer:

qualification

Explanation:

edge 2023

Answer:

Counseling psychologist

Explanation:

I just took the test! Good luck :)

Answer:

because sometimes they help us to get some medicine which can be used to cure a particular disease

Within the framework of the Rokeach value survey, instrumental values refer to preferable ways of behaving. The correct answer is E) preferable ways of behaving.

These values are considered as guiding principles that inform us about the appropriate actions to take and the right ways to behave. They are different from terminal values, which are the ultimate goals that individuals would like to achieve during their lifetime.
Instrumental values are concepts or beliefs that guide how we make decisions about, and evaluations of, behaviours and events. They can include values such as honesty, responsibility, loyalty, and kindness. These values are important because they shape our actions and behaviours, and can have a significant impact on our relationships and interactions with others.
The Rokeach value survey is a tool used to measure individual values. It identifies a set of values that are important to individuals, and allows them to rank those values according to their level of importance. By understanding their instrumental values, individuals can make decisions and take actions that align with their guiding principles, and ultimately lead to a more fulfilling life.
In summary, instrumental values are guiding principles that inform us about the appropriate actions to take and the right ways to behave, within the framework of the Rokeach value survey. They are important because they shape our actions and behaviours, and can have a significant impact on our relationships and interactions with others.

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The high-low method is often employed in analyzing mixed costs. The correct answer is option (A)

The mixed costs can be referred to as semi-variable costs that comprise both fixed and variable components. The high-low method aids in separating the fixed and variable cost elements within the mixed costs. This method of cost analysis is an accounting technique that helps in the separation of a mixed cost into its fixed and variable components by analyzing the changes in the cost that correspond to changes in an organization's activity level. A business may use the high-low method in analyzing the mixed costs to plan its budget, set prices for its goods and services, and make managerial decisions. The high-low method entails the use of data from the highest and lowest levels of production and the related costs.

Therefore, it helps in determining the variable cost per unit of production by analyzing the change in the total cost incurred and the changes in the level of production. The high-low method involves the following steps: Identifying the highest and lowest levels of production and their associated costs. Calculating the variable cost per unit of production by dividing the change in the cost by the change in the units of production. Calculating the fixed cost component by subtracting the variable cost per unit of production from the total cost of production.

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Answer:

The situation that is most likely to be covered by long-term disability insurance is option D, where Victoria misses work for nine months after suffering a bad injury. Long-term disability insurance is designed to provide income replacement for an extended period of time in the event that an individual becomes unable to work due to a serious illness or injury. In this case, Victoria's injury has caused her to miss work for a significant length of time, which would likely qualify her for long-term disability insurance benefits.

Option A, where Elena takes six months off of work after having a second child, would not typically be covered by long-term disability insurance, as this is a planned absence from work and not due to an unexpected illness or injury.

Option B, where Diego takes three months off of work to help care for his aging father, would also not be covered by long-term disability insurance, as this is a personal leave and not due to a disability or injury that prevents him from working.

Option C, where Omar misses three days of work after having an accident on the job, is a short-term absence and would not typically be covered by long-term disability insurance, which is designed to provide coverage for extended periods of time.

(A) Three types of contracts through which the publisher and bookstores can jointly increase their sales/revenues/profits are agency, consignment, and wholesale agreements. These contracts determine the respective obligations, rights, and benefits for both the publisher and bookstores.

The agency agreement is when the publisher gives the bookstore the responsibility to sell the books for a commission. The bookstore is not required to pay for the books and only gets a commission of the sales. The publisher maintains ownership of the books, and the bookstores are agents.

The consignment agreement is when the bookstore takes the books from the publisher and only pays the publisher for the sold books. The publisher still owns the books. The wholesale agreement is when the bookstore purchases the books from the publisher and owns the books.

The publisher has no ownership of the books.

(B) In the case of the agency agreement, the publisher takes the risks as they are the owners of the books. The bookstore's sales and revenues are directly tied to how many books they can sell, while their risk is limited to the commission they are earning. In the case of the consignment agreement, the publisher bears the risk as they still own the books and the store only pays for the books that have been sold.

The store's revenue and sales depend on how many books they can sell, and the risk of not selling is on the publisher. In the case of the wholesale agreement, the store bears the risks as they have already paid for the books. The revenue and sales of the store depend on how many books they can sell.

The publisher has already received payment for the books and is not at risk.

Bookstores and publishers can increase their sales, revenues, and profits through these three types of contracts. Choosing the right contract type depends on the level of risk each party is willing to take. The agency agreement offers the lowest risk for bookstores, the consignment agreement offers the lowest risk for publishers, and the wholesale agreement offers the highest risk for bookstores but also the highest profit potential.

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Answer: Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.

Explanation:

The best example of a monitoring control will be that the management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.

The gross margin is regarded as the net sales revenue after the cost of goods sold has been deducted. In a situation where there's variation between the value, then it calls for check to ascertain if any fraudulent activity took place.

True. In the information systems industry, a technical writer plays an important role in developing test plans and designing and writing automated test scripts.

The technical writer works closely with software developers, quality assurance professionals, and other stakeholders to understand the software requirements, identify potential issues, and develop effective testing strategies. The technical writer also plays a critical role in documenting the software development process and the resulting product. This documentation can include user manuals, training materials, and technical specifications. The writer must be able to translate complex technical information into clear and concise language that is easily understood by non-technical users. Overall, the technical writer is an essential part of the software development process, helping to ensure that the final product is of high quality and meets the needs of its intended users.

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The productivity in the Southern Ocean is not only dependent on the presence of sunlight, but also on the availability of nutrients. The Southern Ocean is known for its high levels of nutrients due to the upwelling of deep, nutrient-rich waters. These nutrients are essential for the growth of phytoplankton, which are the base of the ocean food chain.


The upwelling of deep, nutrient-rich waters occurs due to the strong, continuous winds and currents that circulate around Antarctica. These winds push surface waters away from the continent, allowing nutrient-rich waters from the depths to rise up and fill the gap. This process is known as upwelling, and it plays a crucial role in sustaining the high productivity of the Southern Ocean.
In addition to upwelling, the Southern Ocean is also home to a diverse range of marine life, including krill, squid, and a variety of fish species. These organisms play important roles in the ocean food chain, providing food for larger predators such as seals, whales, and seabirds.
Overall, the high productivity of the Southern Ocean is a complex interplay of sunlight, nutrients, and a diverse array of marine life. Understanding these factors is essential for managing and protecting the unique and important ecosystem of the Southern Ocean.

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Liquidity and risk are two crucial aspects to take into account when making investment decisions.

The ease with which an investment can be changed into cash without suffering a large loss in value is referred to as liquidity. The liquidity of various investment types varies in various ways.

The uncertainty and possibility of loss connected to investment are referred to as risk. Risk levels are different for various investment vehicles.

The potential for bigger profits on investments with a higher level of risk is also accompanied by a greater likelihood of loss. Although they could offer more consistency, lower-risk investments may also produce lower returns.

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Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance.

Profit margins are perhaps one of the simplest and most widely used financial ratios in corporate finance. A company’s profit is calculated at three levels on its income statement, starting with the most basic—gross profit—and building up to the most comprehensive: net profit. Between these two lies operating profit. All three have corresponding profit margins calculated by dividing the profit figure by revenue and multiplying by 100. Profit margin conveys the relative profitability of a firm or business activity by accounting for the costs involved in producing and selling goods. Margins can be computed from gross profit, operating profit, or net profit. The greater the profit margin, the better, but a high gross margin along with a small net margin may indicate something that needs further investigation.

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The correct option is : option c, falling unemployment rates and rising aggregate output, is the most accurate choice for detecting a typical expansion in the business cycle.

A typical expansion in the business cycle is detected by falling unemployment rates and rising aggregate output.

During an expansion phase, the economy experiences growth and increased economic activity. This is characterized by businesses expanding production, increasing employment, and higher consumer spending.

Falling unemployment rates indicate that more people are finding jobs, as businesses require more workers to meet the growing demand for goods and services. This is a positive sign, as it means more people are earning incomes and contributing to economic growth.

Rising aggregate output refers to the total value of all goods and services produced in an economy. During an expansion, businesses increase production to meet the rising demand, leading to higher aggregate output. This is a key indicator of economic growth and signifies a healthy expansion phase.

In contrast, rising inflation rates and falling aggregate output are not typical signs of an expansion. Rising inflation rates can erode purchasing power and reduce consumer spending, while falling aggregate output indicates a slowdown in economic activity.

Therefore, option c, falling unemployment rates and rising aggregate output, is the most accurate choice for detecting a typical expansion in the business cycle.

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A typical expansion in the business cycle is detected by falling unemployment rates and rising aggregate output. This means that during an expansion, more people are finding jobs and the overall level of economic output is increasing.

Explanation stepwise:

1. Falling unemployment rates: During an expansion, the demand for goods and services increases, leading to more job opportunities. As businesses grow and expand, they hire more workers, resulting in a decrease in unemployment rates.

2. Rising aggregate output: An expansion in the business cycle is characterized by an increase in the overall level of economic output. This is because businesses are producing more goods and services to meet the growing demand in the economy.

Example: Let's say there is an expansion in the economy. As a result, companies are expanding their operations and opening new branches. This creates job opportunities for people who were previously unemployed. Additionally, businesses are producing more goods and services to meet the increasing demand, resulting in higher aggregate output.

A typical expansion in the business cycle is detected by falling unemployment rates and rising aggregate output. During an expansion, more people find jobs as businesses grow, leading to a decrease in unemployment rates. Additionally, the overall level of economic output increases as businesses produce more goods and services to meet the growing demand.

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Answer:

d. the price the consumers are willing to pay for a roll of film

Explanation:

The option “D” is correct because the supply curve is upward sloping and shows the positive relationship with the price mentioned on the verticle axis of the curve. This price is the same price that a person pays for the commodity. If the price paid by the person is more, then the supplier will supply more. If the price is lower, then the supplier will supply less. Thus, this shows that price and supply and positively related to each other.

The consumer price index is used to monitor changes in the cost of living over time. The correct option is B).

The consumer price index (CPI) is used to monitor changes in the cost of living over time. It measures the average change in the prices paid by urban consumers for a fixed basket of goods and services, including food, housing, transportation, and medical care.

By tracking changes in the CPI, economists and policymakers can assess the rate of inflation and adjust economic policies accordingly. So, the correct answer is B).

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AnswER:

What do you need help with

Explanation:

The journal entry to reclassify the expenditures incorrectly charged to the intangible asset account involves debiting patent, trademark, goodwill, research and development expense, and legal fees accounts, and crediting the intangible asset account for its total balance of $246,000.

Assuming that all of the expenditures incorrectly charged to the intangible asset account should be reclassified, the necessary journal entry to clear the intangible asset account and set up separate accounts for the assets and expenses indicated is

Debit:

Patent - $80,000

Trademark - $60,000

Goodwill - $50,000

Research and development expense - $30,000

Legal fees - $26,000

Credit:

Intangible asset - $246,000

The patent, trademark, and goodwill are identifiable intangible assets with a total cost of $190,000 ($80,000 + $60,000 + $50,000). Research and development expense and legal fees are expenses that should be recognized in the period incurred.

The journal entry debits each of these accounts and credits the intangible asset account for its total balance of $246,000, thereby clearing it.

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Low, high  levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.

Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.

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