Jay's Limo Services, Inc. paid $300 cash to employees for work performed in the current period. Which of the following general journal entries will Jay's Limo Services, Inc. make to record this transaction? A | Salaries Expense Accounts Payable B Cash Salaries Expense C. Salaries Expense 300 D. Salaries Payable Salaies Expense 300 E. Salaries Expense 300 Cash 4/104 Able Graphics received a $400 utlity bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Able Graphics make to record this transaction? A Utities Expense 400 Cash B. Utlities Expense C. Utliies Expense Accounts Payable D. Accounts Payable Ubilities Expense E | Utilties Payable Cash

Answer:

D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.

Explanation:

In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.

This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.

The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.

This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.

Answer:

true

Explanation

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience

False. The accounting entry for a bakery to record the transfer of rolls from the mixing department to the baking department is to debit Work in Process – Baking and credit Work in Process – Mixing.

The correct accounting entry to record the transfer of rolls from the mixing department to the baking department in a bakery is to debit Work in Process – Baking and credit Work in Process – Mixing. This is because the rolls are being transferred from the mixing department to the baking department, indicating that the work in progress is now in the baking stage.

Debiting Work in Process – Baking increases the value of the baking department's work in process account, reflecting the cost of the rolls being transferred into the department. At the same time, crediting Work in Process – Mixing reduces the value of the mixing department's work in process account, as the rolls are no longer in that stage of production.

By making this accounting entry, the bakery properly tracks the movement of costs between departments and maintains accurate records of the costs incurred in each stage of the production process.

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Answer: $861.44

Explanation:

Given the following :

Purchase price = $195,000

down payment = 20%

Interest rate = 5.25%

Period = 30 years

Down payment = 0.2 × $195,000 = $39,000

Therefore, loan amount will be :

$(195,000 - 39,000) = $156,000

The payment per period (monthly payment) can be calculated using the annuity calculator.

Present value = $156,000

Number of periods = 30yrs = 30× 12 = 360 months

Interest = 5.25% / 12= 0.4375% = 0.004375

Future value = 0 (Amount when entire loan has been paid)

Therefore, the payment per period is $861.44 using the financial calculator.

If the fair value of trading security declines for a reason that is viewed as "other than temporary", the investment is written down to fair value, and a special "impairment loss" is recognized in net income. Option B.

This is because the decline in fair value is considered to be a permanent loss of value, and as a result, the investment must be written down to reflect its new, lower fair value.

This write-down is recognized as a special impairment loss in net income, which reduces the overall profitability of the investment.

Option A is incorrect because the investment must be written down to fair value.

Option C is incorrect because the impairment loss is recognized in net income, not accumulated other comprehensive income.

Option D is incorrect because the decline in fair value is viewed as "other than temporary" and therefore requires a write-down.

Hence, the correct answer is option B.

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It is difficult to provide a specific answer without a list of options to choose from, but generally speaking, Nike's success can be attributed to a combination of factors, including innovative marketing strategies, high-quality products, strong brand recognition, and effective supply chain management.

Nike's success is the result of a complex interplay of various factors. One of the most significant contributors to the company's success is its marketing strategy, which has often been described as innovative and bold.

Nike's marketing campaigns have been focused on creating a strong emotional connection with consumers and promoting a sense of aspiration and achievement through its products.

Another key factor that has contributed to Nike's success is the company's focus on producing high-quality products. From its early days, Nike has been committed to using innovative materials and technologies to create shoes and apparel that are comfortable, durable, and high-performing.

Moreover, Nike's strong brand recognition has been critical to the company's success. The iconic "swoosh" logo and the company's slogan, "Just Do It," have become synonymous with athleticism and high performance.

Finally, Nike's effective supply chain management has also played a crucial role in the company's success. By maintaining tight control over its production processes and working closely with suppliers and distributors, Nike has been able to ensure that its products are consistently available and delivered to customers in a timely manner.

In conclusion, Nike's success can be attributed to a combination of factors, including innovative marketing strategies, high-quality products, strong brand recognition, and effective supply chain management.

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Answer:

Total equity will remain the same

Explanation:

A stock split is simply increasing the number of shares and at the same time reducing the par value per share.

A stock split of 2:1 means that the number of shares would double  while par value reduces by half.Specifically,the number of shares would increase  from 500,000 to 1,000,000 while the par value reduces from $2 per share 1/2*$2 i.e $1 each.

All in all,the there is no increase in total equity overall.

Answer:

matching principle

Explanation:

In this scenario, the principle related to this practice is known as the matching principle. In accrual accounting, this states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs. Meaning that if a company earns $5,000 in product sales in August but receives a $1000 commission for those products in September, the commission needs to be reported on the August statement alongside the sales.

The element of fraud which is easiest for companies to eliminate is the opportunity

Fraud is the deliberate misrepresenting of a fact that is done in order to obtain an illegal or unfair advantage. Even if it hasn't resulted in a loss of money, property, or legal rights, fraud can be regarded as a component of both criminal and civil wrong. A firm's internal controls or procedures may be inadequate or vulnerable, which presents an opportunity for fraud.

It can be a difficult and continuing process to find and fix these flaws, one that needs constant evaluation. The part of the triangle that business owners can probably influence the most easily is opportunity. No matter how angry or desperate staff members are, they can only engage in fraud if given the chance to do so. Therefore, implementing and enforcing effective internal controls is one strategy to manage opportunity.

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A. Manager in charge of a business unit The data owner is typically described as someone who is ultimately responsible for the protection of the data, financially liable for the loss of the data, and ultimately responsible for the use of the data.

The data owner is not necessarily limited to being a manager in charge of a business unit. It can be an individual or a team designated with the responsibility of managing and safeguarding the data assets of an organization. The data owner ensures that appropriate data governance policies, procedures, and controls are in place to protect the data, comply with regulations, and make informed decisions regarding the use of the data. A business unit is a distinct division or department within a larger organization that operates semi-independently and focuses on specific business functions or activities. It is typically responsible for managing a set of products, services, or markets. Business units often have their own dedicated resources, budgets, and objectives aligned with the overall goals of the organization. They have a level of autonomy to make decisions and execute strategies within their assigned area. Business units are commonly structured based on product lines, geographic regions, or customer segments, allowing for specialization, targeted marketing, and efficient resource allocation. Effective coordination and collaboration between business units are vital for overall organizational success.

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Answer:

With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.

Explanation:

Yes, the deal should be taken. The principle of marginal analysis should be applied to make the decision.

Marginal analysis involves comparing the additional cost and revenue of a decision to determine if it is profitable or not. In this case, the supplier is currently producing 10 million units at a cost of $1.30 per unit, resulting in a loss of $20 million.

By accepting the offer to sell an additional 10 million units at $0.80 per unit, the supplier can increase revenue by $8 million while keeping the cost of production at $1.30 per unit. Therefore, the principle of marginal analysis supports the decision to take the deal.

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Answer: Theory X

Explanation:

As a student of motivational theory, the management style of Lauren is known as Theory X. Theory X is an authoritarian style.

Theory X managers believe that people are naturally unmotivated and therefore employees dislike their work and need to be rewarded or punished for them to work.

In this case, since Lauren has little regard for the skill or ability of those she hires and there's a punishment for those who doesn't come to work, then the theory X style used.

The outcomes of international specialization and trade are equivalent to an improvement in the quality of resources and the equalization of prices of products.

Specialization refers to the tendency of countries to specialize in certain products which they trade for other goods, rather than producing all consumption goods on their own. Countries produce a surplus of the product in which they specialize and trade it for a different surplus good of another country.

The outcomes of international specialization and trade are equivalent to the following:

1. An improvement in the quality of resources:

International specialization and trade encourage countries to focus on producing goods and services in which they have a comparative advantage. This leads to better utilization and improvement in the quality of resources used in production.

2. The equalization of prices of products:

International trade facilitates the exchange of goods and services between countries. This helps to equalize the prices of products across different countries, as producers and consumers have access to a wider market.

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Answer:

The average tax rate is 26.17%

Explanation:

The computation of the average tax rate having the taxable income is $130,513 is shown below:

$50,000 × 0.15 = $7,500

$25,000 × 0.25 = $6,250

$25,000 × 0.34 = $8,500

$30,513 × 0.39 = $11,900.07

Tax amount is $34,150.07

Now the average tax rate is

= Tax amount ÷ taxable income × 100

= $34,150.07 ÷ $130,513 × 100

= 26.17%

Hence, the average tax rate is 26.17%

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

Answer:

one has to do with advertising for a career and the other for the public and the well-being of others. also, celebrity advertising is for one person while public service advertising is for many.

Explanation:

The correct answer would be option D.

If there is a drop in the equilibrium number of cheeseburgers, the supply shift in the market must have outpaced the demand shift.

The change in supply outweighs the change in demand. Due to these changes, the equilibrium price increases and the equilibrium quantity decreases.

Supply and Demand: The relationship between supply and demand for a good or service in a free market determines the market price. Depending on how demand and supply are changing, the market price increases or drops. Demand discusses how consumers make judgments about what to buy, whereas supply discusses how sellers want to earn a profit.

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Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.

Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.

Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.

One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.

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Based on the given information, we can expect a rate of return of 7.60% on a 1-year treasury security.

According to the pure expectations theory, the future rate of interest is equal to the sum of the real risk-free rate and the expected rate of inflation. Therefore, the expected rate of return on a 1-year treasury security can be calculated as follows:

Expected rate of return = Real risk-free rate + Expected rate of inflation
Expected rate of return = 3.50% + 4.10%
Expected rate of return = 7.60%
Therefore, based on the given information, we can expect a rate of return of 7.60% on a 1-year treasury security. This expected rate of return takes into account the real risk-free rate of 3.50% and the expected rate of inflation of 4.10%.

Investors are always concerned about the future and the security of their investments. By calculating the expected rate of return on a treasury security, investors can make informed decisions about their investments and plan for the future. This helps to ensure the security of their investments and minimize the risk associated with them.

Overall, understanding the pure expectations theory and using it to calculate the expected rate of return can help investors make more informed investment decisions and ensure the security of their investments.

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Calculation of Charitable contribution deduction and carryover for Calvin when his AGI is $130,000:

a.IBM stock - Cash = $5,600 - $5,300 = $300

Antique painting - FMV = $28,000 - $3,180 = $24,820

Total charitable contribution deduction = $300 + $24,820 = $25,120

Charitable contribution deduction allowed = Lesser of 30% of AGI or Total charitable contribution deduction= Lesser of (30% x $130,000) or $25,120= Lesser of $39,000 or $25,120= $25,120

Since the amount of the charitable contribution deduction allowed is $25,120, there is no carryover of the charitable contribution.

b.Calculation of Charitable contribution deduction and carryover for Calvin when his AGI is $130,000 and the State Museum told Calvin that it plans to sell the painting:

IBM stock - Cash = $5,600 - $5,300 = $300

Antique painting - Cost = $14,000 - 0 = $14,000

Total charitable contribution deduction = $300 + $14,000 = $14,300

Charitable contribution deduction allowed = Lesser of 30% of AGI or Total charitable contribution deduction= Lesser of (30% x $130,000) or $14,300= Lesser of $39,000 or $14,300= $14,300

Since the amount of the charitable contribution deduction allowed is $14,300, there is no carryover of the charitable contribution.

c. Calculation of Charitable contribution deduction and carryover for Calvin when his AGI is $64,000:

IBM stock - Cash = $5,600 - $5,300 = $300Antique painting - FMV = $28,000 - $3,180 = $24,820

Total charitable contribution deduction = $300 + $24,820 = $25,120

Charitable contribution deduction allowed = Lesser of 60% of AGI or Total charitable contribution deduction= Lesser of (60% x $64,000) or $25,120= Lesser of $38,400 or $25,120= $25,120

Since the amount of the charitable contribution deduction allowed is $25,120, there is no carryover of the charitable contribution.

d. Calculation of Charitable contribution deduction and carryover for Calvin when his AGI is $130,000 and Hobbs is a private non operating foundation: IBM stock - Cash = $5,600 - $5,300 = $300

Antique painting - FMV = $28,000 - $3,180 = $24,820

Total charitable contribution deduction = $300 + $24,820 = $25,120

Charitable contribution deduction allowed = Lesser of 20% of AGI or Total charitable contribution deduction= Lesser of (20% x $130,000) or $25,120= Lesser of $26,000 or $25,120= $25,120

Since the amount of the charitable contribution deduction allowed is $25,120, there is no carryover of the charitable contribution.  

e. Calculation of Charitable contribution deduction and carryover for Calvin when his AGI is $130,000, but the painting is worth $28,000:

IBM stock - Cash = $5,600 - $5,300 = $300

Antique painting - FMV = $28,000 - $28,000 = $0

Total charitable contribution deduction = $300 + $0 = $300

Charitable contribution deduction allowed = Lesser of 30% of AGI or Total charitable contribution deduction= Lesser of (30% x $130,000) or $300= Lesser of $39,000 or $300= $300

Since the amount of the charitable contribution deduction allowed is $300, there is no carryover of the charitable contribution.

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Answer:

Capitalism

Explanation:

Answer:

manager or head of accounting that makes the most sense to me

Explanation:

Answer:

because they send the mail to you as it enter the mail or mailbox is a delivery

Net change in non-cash working capital that would appear on the cash flow statement $175.

The change in non-cash working capital that would appear on the cash flow statement is calculated as:      

Increase in accounts receivable                              -$800

Decrease in inventories                                             $350

Decrease in prepaid expenses                                  $225

Increase in accounts payable                                    $400                              

                                                                                  ______                    

Change in Non-Cash Working Capital --)                  $175

The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively.

Fundamentally, a company's capacity to produce positive cash flows, or more precisely, its capacity to optimize long-term free cash flow, determines its potential to create value for shareholders (FCF). FCF is the cash a firm generates from its regular business activities after deducting any funds used for capital expenditures (CapEx).

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Answer:

Counseling psychologist

Explanation:

I just took the test! Good luck :)

If a firm uses level production with seasonal sales, it means that they maintain a steady production level throughout the year, regardless of the demand for their product. However, if sales decline further than expected during a particular season, the firm may face challenges in managing their production levels.

If a firm uses level production with seasonal sales, it means that they maintain a steady production level throughout the year, regardless of the demand for their product. However, if sales decline further than expected during a particular season, the firm may face challenges in managing their production levels.

In such a scenario, the firm may end up with excess inventory that they cannot sell, leading to a decline in profitability. The firm may also need to reduce their production levels to align with the lower demand for their product, which could result in lower productivity and higher costs per unit produced.

To mitigate these challenges, the firm could explore several options. For instance, they could offer discounts or promotions to stimulate sales during the slower season, or they could diversify their product offering to reduce their reliance on seasonal sales. Additionally, the firm could consider implementing a flexible production system that allows them to adjust their production levels quickly in response to changes in demand.

Overall, it's essential for the firm to monitor their sales closely and be prepared to adjust their production levels accordingly to ensure that they remain competitive and profitable.

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In order to gain market share, some a firm whose product that has a large economic value do decides to charge the same price as competitors.

A market share refers to an industry percentage that is earned by a particular company over a specified time

In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.

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