fick psychological services, inc., closes its temporary accounts once each year on december 31. the company recently issued the following income statement as part of its annual report. Fick's statement of retained earnings indicates that a $8,000 cash dividend was declared and paid during the current year. a. Prepare the necessary closing entries on December 31 of the current year. b. If Fick's Retained earnings account had a $90,000 balance on at the beginning of the current year, at what amount should Retained Earnings be reported in the firm's year-end balance sheet dated December 31?

Answer:

D because they will feel like they are being cared about and will come back

Cover letters can also grant perception and clarification into touchy records that your resume cannot, such as lapses in employment, career changes and layoffs. Just hold an upbeat tone and stay fine in your explanation.

Resumes are like a formal record that summarizes your skills, work trip and qualifications in sections. Cover letters are a documented letter structured in paragraphs which explains in detail why you're the high-quality healthy for the job and company.

You have to always opt for sending a cover letter and resume as separate documents; however, be flexible enough to do something the situation requires. Check the employer's directions and attempt to follow them to the letter.

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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Answer:

a. Substitute goods - Tea and coffee

b. A nonprice determinant of demand - Consumer income

C. A nonprice determinant of supply -  A change in technology

D. Mark-up pricing - Setting price equal to cost plus 20 percent

E. Positive relationship -  Price and quantity along the supply curve

F. Negative relationship -  Price and quantity along the demand curve

G. Inadequacy - Hunger

H Complementary goods - Shoes and shoelaces

Explanation:

Substitute goods are goods that can be used in place of another good.

if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.

Complementary goods are goods that are consumed together

The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income

There is a positive relationship between price and the quantity supplied. This accounts for why the supply curve is positively sloped.

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :  

1. A change in the price of input  

2. A change in the number of suppliers  

3. Government regulations  

4. Technological changes

Answer:

To mitigate damages

Explanation:

When a a tenant breaches the terms of a real estate agreement, the landlord must come in to get another tenant to occupy the space.

He is avoiding a situation where the property is to be left unoccupied for a period of time.

Mitigating damages is a way of reducing further loss when one party breaches a contract.

In the given scenario if a tenant moves out of leased premises before the term of the lease expires, the landlord is required to make a reasonable attempt to lease the property to another party.

The number of units that must be produced for a profit of $80 is 14 units. To find the break-even quantity, we need to determine the point at which the revenue equals the cost. In other words, we need to find the value of x where R(x) = C(x).

Given:

Cost function: C(x) = 18x + 32

Revenue function: R(x) = 26x

a. Break-even quantity:

To find the break-even quantity, we set R(x) equal to C(x) and solve for x:

26x = 18x + 32

Simplifying the equation, we get:

8x = 32

Dividing both sides by 8, we find:

x = 4

Therefore, the break-even quantity is 4 units.

b. Profit from 250 units:

To find the profit from 250 units, we need to subtract the cost from the revenue at that quantity:

Revenue at 250 units: R(250) = 26 * 250

Cost at 250 units: C(250) = 18 * 250 + 32

Profit = Revenue - Cost

Profit = R(250) - C(250)

Calculate the revenue and cost at 250 units, and then subtract the cost from the revenue to find the profit.

c. Number of units for a profit of $80:

To find the number of units that must be produced for a profit of $80, we set the profit equation equal to $80 and solve for x:

Profit = R(x) - C(x)

$80 = 26x - (18x + 32)

Simplifying the equation, we get:

80 = 8x - 32

Adding 32 to both sides, we find:

112 = 8x

Dividing both sides by 8, we get:

x = 14

Therefore, the number of units that must be produced for a profit of $80 is 14 units.

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Amount of stadium sells out is $955,000

Given:

Number of stadium sells = 40,000

Four section cost = $20 , $22.5 , $25 , $28

Find:

Amount of stadium sells out

Computation:

Average price = [20 + 22.5 + 25 + 28] / 4

Average price = [20 + 22.5 + 25 + 28] / 4

Average price = 95.5 / 4

Average price = $23.875

Amount of stadium sells out = Number of stadium sells × Average price

Amount of stadium sells out = 40,000 × $23.875

Amount of stadium sells out = $955,000

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A high-commitment approach to environmental issues may include all of the following except C. green-washing. Thus, option C is correct.

Green-washing refers to the practice of promoting environmentally friendly practices while not actually implementing them or while engaging in activities that harm the environment. Greenwashing is the process through which a false impression or misleading information is conveyed about how a company’s products are environmentally sound. It involves making an unsubstantiated claim to deceive consumers into believing that a company’s products are environmentally friendly or have a greater positive environmental impact than they actually do.

Greenwashing may also occur when a company attempts to point out sustainable aspects of a product to overshadow the company’s involvement in environmentally damaging practices. This can be done through the use of environmental imagery, misleading labels, and hiding tradeoffs, greenwashing is a play on the term “whitewashing,” which means using false information to intentionally hide wrongdoing, error, or an unpleasant situation in an attempt to make it seem less bad than it is.

Thus, a high-commitment approach to environmental issues may include all of the following except greenwashing. Option C is the correct answer.

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Answer:

500;600

an investment

The AICPA Professional Standards require a long answer to this question. b. Explaining all procedures to be performed on the engagement to detect significant errors or fraudulent activity.

It is required to discuss all procedures to be performed on the engagement to detect significant errors or fraudulent activity, which is option B. This communication is essential for the engagement team to understand the risks of material misstatement due to fraud and to develop an appropriate audit response.
Option A is not a required communication, but it is a best practice for the firm to have a policy for allocating budgeted audit hours to detect fraud. Option C is also not a required communication, although the firm should have a strategy for managing and controlling legal liability due to fraud. Option D is a required communication and is a critical element of maintaining a questioning mind and exercising professional skepticism throughout the audit.

Finally, option E is not related to the communication between the auditor with final responsibility for an engagement and the audit engagement team regarding the susceptibility of a client’s financial statements to material fraud, but it is a necessary step in initiating an audit engagement.  According to AICPA Professional Standards, the auditor with final responsibility for an engagement, such as the engagement partner, is required to communicate with the audit engagement team about the need to maintain a questioning mind and to exercise professional skepticism throughout the audit. This communication is important to help the team members identify and address any potential risks of material misstatement due to fraud during the audit process.

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The purpose of the age squared term is to capture the non-linear relationship between age and wine consumption.

Including the age squared term allows for a curved relationship, as the effect of age on wine consumption may not be constant but instead may vary with age. By including the age squared term, the model can capture potential changes in the rate at which wine consumption increases or decreases as age changes. Whether or not it should be included in the model depends on the data and the underlying relationship between age and wine consumption. Statistical tests, such as the significance of the coefficient and model fit measures, can help determine if the age squared term improves the model's explanatory power.b. The effect of a change in age on wine consumption can be expressed as follows: Δwine = 0.571 - 0.0057 * age. This means that for every additional year of age, wine consumption is expected to increase by 0.571 units, but it also decreases by 0.0057 units multiplied by the age.For a person aged 20, the effect of being a year older on wine consumption is Δwine = 0.571 - 0.0057 * 20 = 0.571 - 0.114 = 0.457 units.For a person aged 60, the effect of being a year older on wine consumption is Δwine = 0.571 - 0.0057 * 60 = 0.571 - 0.342 = 0.229 units.Thus, the effect of being a year older on wine consumption is different for a person aged 20 and a person aged 60. The effect decreases as age increases.

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the purchase of multiple plant assets for one purchase price is called a blank purchase.

Answer:

(Plant/Current) or also called (lump-sum, group, bulk, or basket purchase)

Explanation:

Found the PDF with all the answers

Answer:

net income is the amount an individual earns after subtracting taxes and other deductions from gross income.

CALCULATION

-----------------------------------------++---------------------

the amount of revenue left after subtracting all expenses, taxes and costs.

Answer:

removal of the obligation to peg currency values would restore monetary control to central banks.

Explanation:

The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.

Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.

Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.

Answer: General fund: 0

Debt service fund: $25,000

Permanent: 0

Explanation:

From the question, we are informed that in the current year, Poplar City paid $5,000 interest and $20,000 principal on its outstanding general obligation bonds and that the payment was made from a debt service fund using cash transferred earlier the same year from the general fund.

The city report the expenditures in the following way:

General fund: 0

Debt service fund: $25,000

Permanent: 0

The debt service funds is simply the addition of $20,000 principal and the $5000 interest.

Answer:

D) rectangle

Explanation:

A shape with two symmetrical parts is one that has two sides that equals or have a similar appearance.  Symmetrical shapes have at least two identical sides and can be divided into equal parts.

A rectangle has two equal sides. The lengths are equal, and so are the widths.

Answer:

A

Explanation:

D2C Brand triple AP footwear has their various brand models with young stylish footwear zan medicinal value fruit years which are more different from other brands.

The young stylish foot years are customized for customers on their personal selected tests whereas the medicinal food years are made especially for diabetic and orthopaedic patients.

There was a great tremendous response an consumer connects with the brand where the footwear is much more breathable and made from recycled materials with their own stylish and dedicated models.

the marketing segmentation of this brand of triple AP footwear brand is the customer segments who are much more interested in having custimized food years according to their personal taste as well as caring for their health. this market is more specifically chosen by the practise.

the targeted audience are for ang stylish food years the people of age group from 15230 are targeted and four medicinal valued footwear the people about 50 years are chosen where they are facing there I predict an orthopaedic problems along with leg problems.

brand positioning is the price value of each customized and medicinal value footwear is comparatively more costly than other models because of their recycled value, especially for the customers with the promotional strategy of making campaigns and taking them into the customer's place.

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Answer:

b) 4,000 + 5 x 1,000

Explanation:

The cost of 1000 items will be the total of

1). the set up cost

2). The per item cost multiplied by 1000 units

Therefore, the cost function will

=set up cost($4000 )  + cost of 1000 items( $5 x 1000)

=$4000 + $5 x 1000

The efficient market school of thought argues that forward exchange rates do the best possible job of forecasting future spot rates and therefore investing in forecasting services would be a waste of money.

The efficient market hypothesis (EMH) suggests that financial markets are efficient and that prices reflect all available information. According to this school of thought, forward exchange rates already incorporate all relevant information and expectations about future spot rates. Therefore, attempting to predict or forecast future spot rates through external forecasting services would not provide any additional advantage or opportunity for profitable trading.

The EMH implies that market participants cannot consistently outperform the market by using forecasting services or other means to predict future exchange rate movements. Instead, exchange rates are viewed as unpredictable and follow a random walk pattern, making it difficult for investors to consistently profit from forecasting or timing currency market movements.

In summary, the efficient market school of thought argues that forward exchange rates provide the most accurate forecast of future spot rates, rendering investing in forecasting services unnecessary and futile.

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Answer:

Personal property can also be acquired if it's given to you as a gift, by simply finding it and through "accession."

Explanation:

Personal properties may be acquired not only by means of purchase. One way is when a person (donor) gives the property to another person (donee) as a gift. The donor may deliver the gift personally and the donee should accept the gift.

Another way is by simply finding the property. This should satisfy the fact that no one is claiming the property found other than the finder–provided that the finder is "NOT" a trespasser. The property found shouldn't be located inside a private property.

An example of "accession" is: when a person's pet dog gives birth to puppies, the puppies are immediate personal property of the owner.

∠Z ≅ ∠G and XZ ≅ FG or ∠Z ≅ ∠G and XY ≅ FE are the additional information that could be used to prove that ΔXYZ ≅ ΔFEG using ASA or AAS.

Commercial enterprise statistics is data that holds which means, cost, or significance to your commercial enterprise. it would consist of any reports, spreadsheets, metrics, regulatory reporting, internet pages, files, dashboards, etc that fit the definition of having which means, value, or significance to your enterprise.

Records are stimuli that have that means in some context for their receiver. whilst facts are entered into and stored in a computer, it's far generally known as facts. After processing -- such as formatting and printing -- output information can once more be perceived as data. properly statistics is that which is used and which creates price. revel in and research indicates that exact statistics have numerous traits. suitable records are relevant for their reason, sufficiently correct for their cause, completely sufficient for the problem, dependable, and focused on the proper person.

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South Africa's National Youth Development Agency has launched the Ithubalentsha Micro Enterprise Programme, which will provide young aspirant and established entrepreneurs with training, mentorship, micro-enterprise finance, market linkages and access to business opportunities.

Assuming Better Brakes makes $10,000 in profits the first year, the distribution of those profits will be taxed on the two shareholders, Tommy and Richard. The tax liability of those profits will be calculated according to their respective tax rates. Taxation of Dividends. Dividends, in general, are taxable.

The amount of the tax rate on dividends, however, will be determined by a variety of criteria, including the length of time the investor has held the shares, the tax bracket of the investor, and the tax bracket of the corporation paying the dividends. To know the exact tax rate on Tommy and Richard's dividend income, we need to know their tax rates.

Dividend taxes are subject to both federal and state income taxes in the United States. The tax rate is determined by the sum of the shareholder's taxable income for the year, which includes their dividend income. Step-by-Step Explanation: n this scenario, we will assume that Tommy and Richard have the same tax rate.

To determine the amount of taxes owed on their $5,000 in dividends, follow these steps: Step 1: Determine the tax rate of Tommy and Richard. Assume the tax rate for both individuals is 25 percent. Step 2: Multiply the dividends received by Tommy and Richard by their respective tax rates. In this scenario, each shareholder has received $5,000 in dividends. 25 percent of $5,000 is $1,250. Each shareholder owes $1,250 in taxes. Step 3: Add the amount of taxes owed by both Tommy and Richard. Tommy and Richard owe a combined $2,500 in taxes on their $10,000 in dividend income.

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The false statement on relative valuation is: B. To reflect differences in risk characteristics and growth opportunities, EBITDA multiples should be adjusted for differences in profit margins.

Instead of adjusting for differences in profit margins, EBITDA multiples should be adjusted for differences in risk and growth characteristics directly, rather than through profit margins.

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The statement : "Living expenses aren't considered startup costs." is a True statement. They are known as the cost of living.

A start-up cost is the expenses incurred when one established a new business or an organization.

Start Up cost are the expenses or the amount incurred for creating a new business or a trade.

The cost or expenses incurred as a part of living a daily life is knonw as cost of living. It is the cost needed for one's food, housing, bills, groceries, health care, etc.

Thus, a living expenses are not considered as a startup costs.

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The investment's present value is $1,352.06, and its future value is $1,600.

To calculate the present value of the investment, we need to discount each cash flow to its present value and sum them up. Since other investments of equal risk earn 6% annually, we'll use a discount rate of 6% for our calculations.

The present value (PV) of each cash flow can be calculated using the formula:

PV = CF / (1 + r)^n

Where PV is the present value, CF is the cash flow, r is the discount rate, and n is the number of years.

For the cash flows given:

- The $150 cash flows at the end of each of the next 3 years have the following present values: PV1 = 150 / (1 + 0.06)^1, PV2 = 150 / (1 + 0.06)^2, PV3 = 150 / (1 + 0.06)^3.

- The $300 cash flow at the end of Year 4 has a present value: PV4 = 300 / (1 + 0.06)^4.

- The $350 cash flow at the end of Year 5 has a present value: PV5 = 350 / (1 + 0.06)^5.

- The $500 cash flow at the end of Year 6 has a present value: PV6 = 500 / (1 + 0.06)^6.

To find the present value of the investment, we sum up all these present values:

Present value = PV1 + PV2 + PV3 + PV4 + PV5 + PV6

Now, to calculate the future value of the investment, we don't need to discount the cash flows. We simply sum them up:

Future value = $150 + $150 + $150 + $300 + $350 + $500

Performing the calculations:

PV1 = 150 / (1 + 0.06)^1 = $141.51

PV2 = 150 / (1 + 0.06)^2 = $133.39

PV3 = 150 / (1 + 0.06)^3 = $125.66

PV4 = 300 / (1 + 0.06)^4 = $255.52

PV5 = 350 / (1 + 0.06)^5 = $280.44

PV6 = 500 / (1 + 0.06)^6 = $415.54

Present value = $141.51 + $133.39 + $125.66 + $255.52 + $280.44 + $415.54 = $1,352.06 (rounded to the nearest cent)

Future value = $150 + $150 + $150 + $300 + $350 + $500 = $1,600

Therefore, the investment's present value is $1,352.06, and its future value is $1,600.

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The statement "Capital gains on the sale of municipal bonds are generally taxable, but they do not occur when the bonds are purchased." is false because Capital gains or losses are realized when the bonds are sold or redeemed at a higher or lower price than the original purchase price

If the sale of municipal bonds results in a capital gain, it may be subject to taxation at the federal level and possibly at the state and local levels, depending on the specific circumstances and tax regulations.

It's important to note that certain types of municipal bonds, such as those issued by state or local governments for specific purposes like public infrastructure projects, may be exempt from federal income tax and sometimes from state and local taxes as well. These tax-exempt bonds provide potential tax advantages to investors. However, any capital gains resulting from the sale of tax-exempt municipal bonds would still be subject to taxation.

It's always recommended to consult with a tax professional or financial advisor to understand the specific tax implications of owning and selling municipal bonds based on individual circumstances and applicable tax laws.

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