the asset account office supplies has a balance of $830 at the beginning of the year. the amount on hand at the end of the year is $560. the company has calculated the supplies expense for the year to be $4,100. based on this information, what amount of office supplies was purchased during the year?

Answer:

cash a/c .......Dr rs.20000

To, capital a/c rs.20000

Answer:

I ate an egg sandwich. I drank some water. I went outside for a short walk.

Explanation:

Thanks for asking :)

Answer:

Explanation:

The fixed cost remains the fixed it never be changed.

Fixed cost;

It is the cost that should be the same whether the production level increased or not.

If we take an example of dominos, so here the fixed cost could be in form of rent, ovens, refrigerators.

It is the part of the organization expense.

The monthly mortgage payment M is determined by taking into consideration the total amount of mortgage, the time period for the mortgage, and the rate of interest charged over the entire principal amount.

The formula to be used for the calculation of the monthly mortgage payment is:

\(M=P\dfrac{[R(1+R)^n]}{[(1+R)^n-1]}\)

Where,

\(P\) = Principal amount of $200,000

\(R\) = Rate of interest of 0.4% per month

\(n\) = number of mortgage payments that is 30 years

\(M\) = Monthly payments

Thus, based upon the chosen formula the mortgage payment for each month will be determined that will be inclusive of the principal amount and the interest amount at the rate of 0.4% at the beginning or end of each month.

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Answer:

B. \(M=P\frac{[R(1+R^{n})]}{[(1+R)^{n}-1 ]}\)

Explanation:

Correct on edg quiz 2022

Answer:

gross income

Explanation:

In this case, the risk-free rate is 2.2 percent and the market rate of return is 6.8 percent. The risk premium is therefore 4.3 percent. The risk premium on a US Treasury bill is the difference between the market rate of return and the risk-free rate.

This means that investors are willing to accept a higher yield on a US Treasury bill to compensate them for taking on the risk associated with investing in the market. The risk premium is calculated by subtracting the risk-free rate from the market rate of return, which in this case is 6.8 percent - 2.2 percent = 4.3 percent. This means that if an investor wants to buy a US Treasury bill, they will have to accept a yield of 6.8 percent, which is 4.3 percent higher than the risk-free rate of 2.2 percent.

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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.

The demand for a product can rarely be described by drawing a straight line equation, Q = a - bP, as the majority of scenarios involve important factors that affect demand apart from price. In other words, the demand for a product is influenced by various external factors such as consumer behavior, preferences, income, and market competition.

Therefore, it is highly unlikely that demand can be simplified to a straight line equation that only considers price as the determinant of demand. However, in certain isolated scenarios where no other significant factors affect demand, it might be plausible to use a straight line equation to describe the relationship between price and demand. In such situations, the demand curve would be a straight line with a negative slope, indicating that the quantity demanded decreases as the price of the product increases. Nonetheless, it is essential to note that such scenarios are rare and cannot be applied to most products, as there are always other factors affecting demand. In conclusion, it is highly unlikely to describe the demand for a product by drawing a straight line equation, Q = a - bP, as demand is influenced by several external factors apart from price. Nonetheless, it might be plausible to use such an equation in rare scenarios where no other significant factors affect demand.

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Quick but costly describes the process of business liquidation.

A firm or business division is closed down in a liquidation. To settle debts and other liabilities, the company sells off assets. The remaining money are divided among the owners, shareholders, and investors following the resolution of all claims. Dissolution, winding up, and liquidation are other terms for the process. The major reason to wind up a firm or asset is to exit a failing venture or possession.

Assets might include real estate, buildings, machinery, furniture, cars, trucks, tools, and merchandise. The business is liquidated once these assets are unable to produce sufficient returns to cover operating costs. To minimize losses, winding up is done. The corporation is removed from the Registrar of Companies (ROC) and ceases to exist upon dissolution.

Therefore, option C is the correct answer.

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Answer:

C. Market.

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Command economy.

III. Traditional economy.

IV. Free market economy.

A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.

The four (4) main elements or characteristics of a free enterprise system includes the following;

a. Profit: businesses are all out to generate revenue and profit through the sales of finished goods.

b. Economic freedom: means of production of goods and services are controlled by the people rather than the government. Thus, the producers are free to make their economic choices or decisions such as deciding on how much is to be charged on a product.

c. Private ownership of properties: the various factors of production are owned and allocated by the people. Thus, citizens have rights to the ownership and use of private property.

d. Competition: there are many buyers and sellers of homogeneous products, as well as free entry and exit in the market. Thus, consumers are free to make their economic choices or decisions such as deciding on which product to buy, which goods interest them, where to shop for goods, etc.

In conclusion, a market is characterized by the following economy;

I. Economic freedom

II. Competition between businesses

III. Decisions motivated by profit

is command

Explanation:

trust me

Effective business proposals are centered on a fantastic concept or resolution. Although you might be able to do it in an engaging fashion, you want your document and its solution to stand out against the backdrop of other offers.

the concept Who, what, when, why, and how. Be precise and succinct. Keep your language concise and avoid overstating. To prove your goods or service, use logical, well-supported arguments.

The executive summary should give a brief description of the issue that your company addresses, your proposed solution to the issue, the business's target market, major financial highlights, and a list of the management team's responsibilities.

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Answer:

- Toby should not disregard the Clean Air Act because it requires that air quality in those areas that meet the national ambient air quality standards not be allowed to deteriorate.

Explanation:

As per the given details, Toby should be suggested not to disregard the Clean Air Act as 'it needs that air quality in the areas meeting the national ambient air quality standards not be allowed to deteriorate.' Thus, Toby must take his decision regarding the movement of 'U.S. POllution Company' to state X accordingly as he can not let the quality of air that state X has managed for years to deteriorate and go against the compliance he has towards the 'Clean Air Act.' Some other options can be used to cope with the economic slowdown faced by the people of this state.

The activity cost of police protection is based on the cost per officer while on duty, the cost of overtime, the cost per arrest, and the cost per incident type.

The activity cost of police protection is determined by several factors. One of the factors is the cost per officer while on duty. This means that the expenses associated with employing a police officer, such as salary, benefits, and equipment, are taken into account when calculating the overall cost of police protection. Each officer on duty contributes to the total cost of police protection, and this cost is typically calculated on a per-officer basis. The cost per officer while on duty includes their wages, benefits, and any additional expenses incurred while they are working. This could include the cost of their uniform, equipment, and training. By considering the cost per officer, it allows for an accurate assessment of the financial resources required to maintain police protection in a given area.

In addition to the cost per officer while on duty, other factors influence the activity cost of police protection. One of these factors is the cost of overtime. When officers work overtime hours, they are compensated at a higher rate than their regular wages. This additional cost is taken into account when calculating the overall cost of police protection. Furthermore, the cost per arrest is another factor that contributes to the activity cost. This refers to the expenses associated with arresting and processing individuals who have committed a crime. It includes costs such as transportation, booking, and any legal fees incurred during the arrest and subsequent legal proceedings.

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The total amount of period costs incurred to sell 4,000 units is closest to $6,400.

Period costs are expenses incurred during a particular period and charged to the current period's expense accounts. These costs cannot be traced back to a particular product or service. They are recorded in the income statement as selling, general, and administrative expenses (SG&A).

Total period cost is the sum of all period costs incurred by a company in a given period. In this case, the period costs incurred to sell 4,000 units would include expenses such as salaries of sales personnel, rent of sales office, and advertising costs.

To calculate the total amount of period costs incurred, we need to know the amount of each expense incurred during the period. However, since this information is not given in the question, we cannot calculate the exact amount.

Instead, we can use the following formula to estimate the total amount of period costs: Total period costs = Total fixed period costs + Total variable period costs

Fixed period costs are expenses that remain constant regardless of the level of activity. Examples of fixed period costs include rent, property taxes, and salaries of administrative staff. These costs do not vary with the number of units sold.

Variable period costs, on the other hand, are expenses that change in proportion to the level of activity. Examples of variable period costs include commissions paid to sales personnel, shipping costs, and advertising expenses. These costs increase with the number of units sold.

Assuming that fixed period costs are $3,200 and variable period costs are $0.80 per unit sold, we can estimate the total period costs as follows: Total period costs = $3,200 + ($0.80 x 4,000) = $6,400Therefore, the total amount of period costs incurred to sell 4,000 units is closest to $6,400.

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If consumers begin spending a smaller portion of their incomes while the economy is at full employment, this would likely lead to a decrease in aggregate demand.

When consumers spend less, it directly affects the consumption component of aggregate demand, which is one of the key drivers of economic activity. A decrease in consumer spending can have ripple effects throughout the economy. The decrease in aggregate demand can lead to several potential outcomes: Reduced business revenues: With lower consumer spending, businesses may experience a decline in sales and revenues, which can affect their profitability and potentially lead to cost-cutting measures such as layoffs or reduced investment. Decreased production and employment: If businesses face reduced demand for their goods and services, they may scale back production, leading to lower employment levels. This can result in a rise in unemployment and reduced income for workers. Slowdown in economic growth: Reduced consumer spending can contribute to an overall slowdown in economic growth, as it affects multiple sectors and reduces the overall level of economic activity. Potential deflationary pressures: If the decrease in consumer spending persists and businesses struggle to sell their goods and services, it can lead to a decrease in prices (deflation) as companies may engage in price reductions to stimulate demand. Policymakers may respond to this situation by implementing measures to stimulate consumer spending, such as fiscal policies (tax cuts, increased government spending) or monetary policies (lowering interest rates) to boost aggregate demand and support economic activity.

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Answer:

Business is a social process. a single person cannot run a business, there are many single owner but they also need other person's help or market help for their business survival. ex help of the resources,if the business is product based or help of customer If it is service based. all this things work together. the whole economy works together. so it is a social process .

Answer:

Technology aligned solutions integrating the functions and processes of hardware , software , telecommunications and networks . From basic internet connectivity to software development , w provide all kind of technological services based on the type of industry.

Explanation:

Hope this help BLINK!

Answer:

Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins.

Explanation:

The law of comparative advantage is popularly attributed to English political economist David Ricardo and his book “On the Principles of Political Economy and Taxation” written in 1817, although it is likely that Ricardo's mentor, James Mill, originated the analysis.

For a business like Joanne's bakery, specialization in the process of baking and cooking will attract more customers, and thus will also lead to a comparative advantage.

Comparative advantage can be referred to or considered as a situation wherein a business operating in a market holds an advantageous position in the economy while selling similar products, but with a different technique in operations and functioning.

Specialization is an important determinant in leading to a comparative advantage, mainly because a producer who brings different techniques for the production of goods and services gets a competitive edge over other bakers in the market.

Therefore, the significance regarding comparative advantage has been aforementioned.

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The given scenario is best categorized as:

This refers to a trending thing which is usually associated with a particular group of people where they make use of similar items.

With this in mind, we can see that when using product life cycles, and detox tea, unicorn-themed products are used, then this is most likely an example of fad products.

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Answer:

its a good song i think its touching and yes i have recently felt like that.

Explanation:

Answer:

I don't know sorryyyyyjdkd

The computation of the Lymen International Company's return on assets, profit margin, and assets turnover, both with and without the new product line, is as follows:

a) Return on assets = Net Income/Average total assets

                                 Without New Products       With New Products

Net income                          $488,900                        $885,800

Average total assets       $5,282,800                    $13,930,400

=                                              9%                                      6%

b) Profit margin = Net Income/ Sales revenue

                                 Without New Products       With New Products

Sales revenue                  $12,149,200                     $16,618,200

Net income                          $488,900                        $885,800

=                                               4%                                   5%

c) Asset Turnover = Net Sales / Average Total Assets

                                 Without New Products       With New Products

Sales revenue                  $12,149,200                     $16,618,200

Average total assets        $5,282,800                    $13,930,400

=                                          2.3 x                                     1.2 x

The accounting ratios above help investors understand the efficiency, profitability, and effectiveness that companies achieve when compared with previous years or with competitors.

For instance, the assets turnover ratio helps investors understand Lymen International Company's effectiveness in using its assets to generate sales.

                                 Without New Products       With New Products

Sales revenue                  $12,149,200                     $16,618,200

Net income                          $488,900                        $885,800

Average total assets       $5,282,800                    $13,930,400

Total assets =                 $10,565,600                   $2,786,0800

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The payback period on the outlet is if Mr. Swanson wants a payback of four years or less then he will acquire the franchise for 3.2 years.

The incremental net income anticipated from a potential investment opportunity, divided by the investment made in it, is the simple rate of return. To decide whether a corporation should invest in a fixed asset and any incremental change in working capital linked with the asset, the simple rate of return is employed in capital budgeting analysis. The project offers a straightforward rate of return of 8% (measured as $8,000 incremental net income / $100,000 investment), for instance, if a company can earn an incremental increase in its net income of $8,000 in exchange for a $100,000 initial investment.

Calculation:

Variable expenses:

Cost of ingredients (20% × $430,000) = $86,000

Commissions (14.0% × $430,000) = $60,200

Selling and administrative expenses:

Rent ($4,000 × 12) = $48,000

Depreciation:

$348,000 – $17,400 = $330,600

$330,600 ÷ 20 years = $16,530 per year.

2a . The formula for the simple rate of return is:

Simple rate of return =

Annual incremental net operating income upon Initial investment =

$91,470 upon $348,000 = 26.3%
2b Yes, the franchise would be acquired because it promises a rate of return in excess of 19%.

3a. The formula for the payback period is:

Payback period =

Initial investment upon Annual net cash inflow =

$40,000 upon $108,000*

 = 3.2 years

*Net operating income + Depreciation = Annual net cash inflow

$91,470 + $16,530 = $108,000

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It can be seen from the solutions given that Cain's net income is $24,000.

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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Income must equal expenditure because for an economy because :

Aggregate income is a form of GDP whereby income is equal to Consumption expenditure including net profits. It refers to the value of all income that suppliers of production factors receives over a specified period.

In an economy, income must equal expenditure because for every transaction, there must be a buyer and a seller. This is because every economy must have this cycle so that there will be balanced receipts and payment.

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Medigap insurance is purchased from private insurance companies to supplement and fill the gaps in coverage not covered by Medicare. It helps cover expenses like deductibles, copayments, and coinsurance.

If you wanted to purchase insurance from a private insurance company to bridge the gap in your Medicare coverage, you would purchase what is known as "Medigap" insurance. Medigap policies are sold by private insurance companies and are designed to supplement and fill the gaps in coverage that are not covered by Original Medicare (Part A and Part B). These policies can help cover expenses such as deductibles, copayments, and coinsurance that Medicare does not fully cover. Medigap insurance is regulated by both federal and state laws to ensure that the policies offer standardized coverage options. It is important to note that Medigap insurance can only be purchased if you are enrolled in Original Medicare and not Medicare Advantage (Part C) plans.

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A company sees that sales of its speakers have decreased over the past 120 days. Its most likely option is to design a market research plan.

Market Research is a way of retrieving information about customers like and dislike including their preference about a company's product. It is to be noted that the main goal of marketing research is to use data to make decisions.

Market Research will allow producers to shape their product according to the needs and preferences of the people. In this way people will be attracted more to their product because they will find a product of their need by purchasing that.

The steps in conducting market research are :

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Answer:

I hope this helps

Explanation:

216-258 0