On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed nor had the transaction been recorded. Demonstrate the required adjusting entry by choosing the correct statement below.
a. Credit Acciunts receivable for $600.
b. Credit Catering revenue for $600.
c. Debit Unearned revenue for $600.
d. Debit Accounts receivable for $600.

Answer: a. 0.72 percentage points

Explanation:

Given the following :

Nominal interest rate(r) = 11.85%) = 0.1185

c = number of compounding periods in a year

p = number of compounding periods rate is required for

Number of weeks in a year = 52 = p = c

Effective interest rate (E) is given as :

E = [( 1 + (r / c) )^p] - 1

E = [(1 + (0.1185 / 52)) ^52] - 1

E = [ (1 + 0.0022788) ^52] - 1

E = [1.0022788^52] - 1

E = 1.1256551 - 1

E = 0.1256551

Effective interest rate - Nominal interest rate

0.1256551 - 0.1185 = 0.0071551

(0.0071551 × 100)% = 0.7155% = 0.72%

Answer:

the answer is A. 0.72

Explanation:

I got it correct on edg

Answer:

Total hours worked for two weeks by all employees = 686 hours

Total Gross pay of all employees = $8,575.00

Total State income tax of all employees = $488.78

Total Federal income tax of all employees = $1,286.25

Total Social Security of all employees = $300.13

Total Net Pay of all employees = $6,499.85

Explanation:

Note: See the attached excel file for the calculation of the company's payroll or amount paid to each employee and the total amount paid to all employees on a spreadsheet as required by the question.

In the attached excel file, the following formula are used:

Gross pay for each employee = Pay rate of $12.50 per hour * Total hours worked for two weeks by each employee

State income tax for each employee = 5.7% * Gross pay for each employee

Federal income tax for each employee = 15% * Gross pay for each employee

Social Security for each employee = 3.5% * Gross pay for each employee

Answer:

here you go edmentum

Explanation:

Transactions: Jan. 18: Capital Stock (Equity) +$400,000, Cash (Asset) +$400,000 Jan. 22: Cash (Asset) +$100,000, Note Payable (Liability) +$100,000

Jan. 23: Advertising Expense (Expense) +$200, Cash (Asset) -$200 Jan. 25: Cash (Asset) +$5,000, Service Revenue (Revenue) +$5,000 Jan. 26: Accounts Receivable (Asset) +$18,000, Service Revenue (Revenue) +$18,000 Jan. 31: Cash (Asset) +$4,200, Accounts Receivable (Asset) -$4,200  The balance in the cash account on January 31 is $400,600 (credit balance). a. Recording the transactions: On January 18, the issuance of capital stock increases equity (capital stock) by $400,000, and the corresponding asset (cash) also increases by $400,000. On January 22, borrowing $100,000 from the bank results in an increase in cash by $100,000 and the creation of a note payable liability for the same amount. On January 23, paying $200 for a radio advertisement represents an expense (advertising expense) and reduces cash by $200.

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For a team working on an evidence-based practice project, the ability to run statistical analyses is not crucial.

The complete question is:

Which skill is not important for an evidence-based practice project team?

A) Ability to perform statistical analyses

B) Implementing organizational change

C) Critical appraisal of evidence

D) Database searching

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The correct option is C, assuming the company uses the perpetual inventory method. Under the perpetual inventory technique, the company's closing inventory on July 14 is $216.

"Last-In, First-Out" (LIFO) is an inventory accounting technique that firms use to determine the value of ending inventories and the cost of products sold. According to LIFO, older inventory items are presumed to be unsold and the most current or most recently created things are assumed to be sold first. The most current inventory items are used to determine the cost of products sold, which may have increased owing to inflation or other circumstances. This approach could lead to greater cost of products sold and lower reported earnings, which might have an impact on how much money enterprises owe in taxes. In sectors like the food or electronics industries, where inventory goods have a limited shelf life, LIFO is frequently employed.

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Rational risk-averse investors will always prefer portfolios located on the efficient frontier to those located on the capital market line.

The efficient frontier represents the set of portfolios that offer the highest expected return for a given level of risk, or the lowest risk for a given expected return. Rational risk-averse investors aim to maximize their expected return while minimizing their risk. By selecting portfolios on the efficient frontier, investors achieve the highest return possible for a given level of risk, or alternatively, the lowest risk possible for a desired level of return.

On the other hand, the capital market line (CML) represents a specific portfolio combination of a risk-free asset and the market portfolio. The CML offers a risk-return tradeoff that is superior to any individual risky asset. However, portfolios located on the efficient frontier provide greater diversification benefits and can potentially offer higher returns for the same level of risk compared to portfolios located on the CML.

Therefore, rational risk-averse investors would prefer portfolios located on the efficient frontier as they offer the optimal risk-return combination based on their risk preferences, providing the potential for higher returns or lower risk compared to portfolios located on the CML.

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Answer:

B. making certain choices more beneficial than others.

Answer:

B

Explanation:

Just took the quiz

Answer:

C. payouts

Explanation:

i took the test

Answer:

b. Again

Explanation:

Answer:

b.

again

Explanation:

Both reunion and reunite come from the Latin root unus, or "one," and the "again" prefix re-, so reunite means "make as one again."

The total revenue would be $2.24 x 10,400 = $23,296 per day.

We need to use the concept of price elasticity of demand, which measures the responsiveness of the quantity demanded to a change in price. In this case, we know that a $0.10 reduction in price leads to a 60 unit increase in the quantity demanded.

(a) To maximize revenue, we need to find the price that generates the highest total revenue. We can use the following formula:

Total revenue = Price x Quantity

Let x be the number of $0.10 reductions in the original price of $2.40. Then the new price is $2.40 - $0.10x, and the new quantity demanded is 1600 + 60x. Substituting these values into the formula, we get:

Revenue = (2.40 - 0.10x) x (1600 + 60x)

Expanding and simplifying, we get:

Revenue = -6x^2 + 960x + 3840

To maximize revenue, we need to find the value of x that corresponds to the vertex of this quadratic function. This can be found using the formula:

x = -b/2a

where a = -6, b = 960. Plugging in these values, we get:

x = -960 / 2(-6) = 80

This means that the student center should reduce the price by $0.10 x 80 = $8, from $2.40 to $2.32, in order to maximize revenue. At this price, the quantity demanded would be 1600 + 60 x 80 = 6400 cups of coffee per day, and the total revenue would be $2.32 x 6400 = $14,848 per day.

(b) If the market survey shows that for every $0.10 reduction in the original price of $2.40, the quantity demanded increases by 60 units, the analysis is the same as in part (a), except that the new price is $2.40 - $0.10x, and the new quantity demanded is 1600 + 60x. Using the same formula and calculations as before, we find that the student center should reduce the price by $0.10 x 160 = $16, from $2.40 to $2.24, in order to maximize revenue. At this price, the quantity demanded would be 1600 + 60 x 160 = 10,400 cups of coffee per day, and the total revenue would be $2.24 x 10,400 = $23,296 per day.

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The capacity to purchase a good or service with the promise to pay for it later is known as credit.  With instalment payments, we can buy something and pay for it over time. If one has $100 to pay, for instance, they can do so in instalments by paying perhaps $10 every week.

one of the categories into which a debt is subdivided for installment payments. one of multiple pieces offered in installments.

An equated monthly installment is a regular payment paid by a borrower to a lender on a preset day each month (EMI). EMIs are applied to the principal and interest each month in order to pay off the loan in full within the predetermined time frame.

Thus, The capacity to purchase a good or service.

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1. Recommendations to improve loan market for a finance company include improving customer experience, streamlining loan application processes, offering competitive interest rates, diversifying loan products, and implementing effective risk management strategies.

2. The core components of a finance company typically include loan origination, underwriting and credit analysis, loan servicing, customer relationship management, risk management, and compliance.

1. To improve the loan market, a finance company can consider several recommendations. Firstly, enhancing the customer experience by providing efficient and user-friendly loan application processes can attract more borrowers. Offering competitive interest rates and terms can make the company's loan products more appealing to potential customers. Diversifying loan products to cater to different market segments and customer needs can also expand the company's customer base. Implementing effective risk management strategies, such as thorough credit analysis and underwriting processes, can help mitigate potential loan defaults.  

2. The core components of a finance company typically include loan origination, where loans are sourced and initiated; underwriting and credit analysis, which involves assessing the creditworthiness of borrowers and determining the terms of the loan; loan servicing, which includes collecting loan payments and handling customer inquiries; customer relationship management, which involves building and maintaining relationships with borrowers; risk management, which encompasses assessing and managing the risks associated with lending activities; and compliance, which ensures adherence to regulatory requirements and industry standards.

By focusing on these core components, a finance company can establish a solid foundation for its loan market operations and enhance its overall performance and competitiveness.

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Answer:graduation rate

Explanation: due to the fact that it shows how many students graduate and how long it took

In order to find out how many years people take to finish at the higher institutions, the graduation rate is checked.

This the rate that is used to check if the students that began a course of 4 or 5 years in the university would graduate.

The rate is used to measure the number that finish their study in a timely manner upon the period that they enrolled.

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Dual agency can take one of two major shapes. The first type, referred to as a dual agent, indicates that there is just one agent or broker working on a real estate transaction.

What are the duties of a broker?

One who facilitates transactions between buyers, sellers, or dealers is known as a broker. Imagine a broker as a middleman who ensures the transaction will go as expected and that each party will get the information they require. Brokers work in many different industries, such as business, real estate, insurance, and finance.

Connecting buyers and sellers is one of a broker's primary duties, making a broker the middleman between a buyer and a sale. A stock or real estate broker who aids in a property transaction would serve as an example.

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For lower income people:

The more the government puts towards health care would mean there would be a higher quality of life for low income areas allowing them to get access to needed healthcare for no cost to them.

For higher income people / corporate entities:

it would mean higher taxes on the 1% and 0.1% of the richer people and raising taxes on corporations such as higher taxes on dividends.

Summary:

For a SoL on one side to change another side would have to lose.

The interest rate must be 5% compounded annually for $287.50 to grow to $650.01 in 14 years. The correct answer is option (B)

To find the rate at which $287.50 must be compounded annually to grow to $650.01 in 14 years, we can use the formula for compound interest:

A = P(1 + r/n)\(^{(nt)}\)

where A is the ending amount, P is the principal (starting amount), r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

Plugging in the given values, we have:

$650.01 = $287.50(1 + r/n)\(^{(n*14)}\)

Dividing both sides by $287.50, we get:

2.26 = (1 + r/n)\(^{(n*14)}\)

Taking the natural logarithm of both sides, we have:

ln(2.26) = 14 ln(1 + r/n)

Dividing both sides by 14, we get:

ln(2.26)/14 = ln(1 + r/n)

Using the fact that ln(1 + x) is approximately equal to x for small values of x, we can approximate the right-hand side as:

r/n = ln(2.26)/14

Solving for r, we have:

r = n * ln(2.26)/14

Now we can try each answer choice and see which one gives a value close to this approximation:

A) If the rate is 6%, then r/n = 0.06/1 = 0.06

B) If the rate is 5%, then r/n = 0.05/1 = 0.05

C) If the rate is 7%, then r/n = 0.07/1 = 0.07

D) If the rate is 8%, then r/n = 0.08/1 = 0.08

Calculating each approximation, we have:

A) r = 1.059% (too low)

B) r = 0.839% (closest)

C) r = 1.181% (too high)

D) r = 1.343% (too high)

Therefore, the answer is option B) 5 percent.

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For the first year of the lease, Nath-Langstrom Services, Inc. would record journal entries to account for the lease payments and the amortization expense related to the leased computers. ComputerWorld Leasing, on the other hand, would record journal entries to reflect the lease receipts and the recognition of interest income. The entries would be made semiannually to coincide with the payment dates.

For Nath-Langstrom Services, the journal entries for the first year would include debiting the lease expense account for $13,000 semiannually and crediting the cash account for the same amount. Additionally, the company would record semiannual amortization expense related to the computers by debiting the amortization expense account and crediting the accumulated amortization account.

For ComputerWorld Leasing, the journal entries for the first year would include crediting the lease revenue account for $13,000 semiannually and debiting the lease receivable account for the same amount. Additionally, the company would recognize interest income semiannually by debiting the interest receivable account and crediting the interest income account based on the annual interest rate of 4%.

These journal entries would be repeated for each semiannual payment and interest recognition throughout the first year of the lease.

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Answer:

true

Explanation:

items first before listing the price

Product prices are changed day by day due to various factors. It is true that at the time of listing prices, the priciest items are situated on the top.

The term list price defined as a basic price of an item that is published in a catalog and advertisement before any discounts are considered.

The list price also known as the recommended retail price of a product that is the price at which its producer recommends that retailer sell the product.

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Explanation:

Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.

Answer:

demand is equal to 1000 and factors is equal to 5000

Business cycle is the natural fluctuation of economic activity between periods of expansion and contraction. The change in objectives of business as the Managing Director recognizes the impact on stakeholders and external factors like the business cycle, interest rates, and legal controls. An advantage of taking over a business is increased market share, while a disadvantage may be potential legal or financial issues.

Business cycle is the natural fluctuation of economic activity, characterized by changes in GDP, income, employment, and production levels over time. It typically consists of four phases: expansion, peak, contraction, and trough.

Two reasons why a business must change its objectives are: (1) to adapt to changing market conditions, technological advancements, or consumer preferences, and (2) to remain competitive in the industry by expanding, diversifying, or improving its operations and performance.

An advantage of KTF taking over another business is that it can increase its market share, expand its customer base, and improve its economies of scale and efficiency.

A disadvantage is that it may face integration and coordination challenges, cultural differences, and regulatory issues, and it may also face increased competition and resistance from existing stakeholders of the acquired business.

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_____The given question is incomplete, the complete question is given below:

KTF makes building materials, including cement and bricks. Last year KTF had sales of $25bn. KTF's objectives have often changed since it was started 60 years ago. The Managing Director wants KTF to expand. KTF is going to take over one of its main competitors. The newly expanded business will have combined sales of $40bn. The Managing Director said: 'Many stakeholder groups will be affected by this decision. She knows there are many external factors that affect business activity including the business cycle, interest rates and legal controls to protect the environment.

define business cycle.

indentify 2 reasons why business must change its objective.

outline 1 advantage and disvantage of KTE taking over other business.

Answer:

A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is a. less than 0.

Explanation:

A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is a. less than 0.

The freedom to own land or other property, as well as the freedom to keep the income earned from farming or operating a company.In his opinion, if given the opportunity, people will work hard.

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No, the average price of goods does not decrease when inflation decreases from 10% to 5%.

Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.

The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.

Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.  

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Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.

Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

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The least likely advantage of secondary data among the options provided is "cost fit."

Secondary data refers to information that is collected by someone else for a different purpose but can be used for research or analysis. It offers several advantages, such as time realism, cost, and fit. Time realism is a key advantage of secondary data because it allows researchers to access information from past periods without having to wait for new data to be collected. This can be particularly useful when studying long-term trends or historical patterns. Another advantage is fit, which refers to the relevance and applicability of the secondary data to the research question or problem at hand. When secondary data aligns well with the research objectives, it can save time and resources by providing readily available information.

However, the least likely advantage among the options provided is "cost fit." While cost can be a potential advantage of secondary data, as it is often cheaper to obtain compared to primary data collection, the concept of "cost fit" is not commonly associated with secondary data. The term "cost fit" suggests that secondary data is particularly suitable or aligned with the cost requirements of a specific research project. However, the cost of secondary data can vary depending on factors such as data quality, accessibility, and licensing fees. Therefore, while cost can be a consideration when using secondary data, it is not a distinct advantage related to its fit for a specific project.

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The least likely advantage of secondary data is time realism. Secondary data refers to information that has been previously collected by someone else for a different purpose. It can include sources like books, articles, or databases.

While secondary data has several advantages, such as cost-effectiveness and the ability to fit a wide range of research needs, it is not inherently time realistic. Secondary data may have been collected at a different time, which could limit its relevance to the current research question.

For example, if you're studying current consumer trends, secondary data collected five years ago may not accurately reflect the current market. Therefore, time realism is the least likely advantage of secondary data.

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Answer:

Distinguish among different types of financial institutions.

Explanation:

Answer:

D

Explanation:

Annual percentage yield is a form of interest that a savings account earns on a deposit in a year ,expressed as a rate of the deposit.

To calculate the difference in the interest earned as per the question , the interest yield by the two accounts are calculated and the differences also worked out.

Annual percentage yield = 2.4 %

Annabel's account balance = 15,000

Annual yield = 2.4% * 15,000 = 360

Presley's account balance = 18,000

Annual yield = 2.4% * 18000 = 432.

Difference = 432 -360 = 70

Answer:

Image result for difference between auditor and finance manager

Auditor ensures that the businesses are saved from any fraud by highlighting any discrepancies undertaken in accounting methods whereas a Finance manager provide with accurate and detailed financial reports which are vital for the profitability of the business.

Explanation:

Answer:

I would take advantage while it still lasts

Explanation:

but in real life that actually is a thing to I cry myself to sleep