Answer:
Net Income = $45000
Explanation:
The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.
Total Assets = Total Liabilities + Total equity
At the beginning of the year:
295000 = 190000 + Total equity
Total Equity = 295000 - 190000
Total Equity = $105000
The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.
At the end of the year:
355000 = 220000 + Total Equity
Total Equity = 355000 - 220000
Total Equity = $135000
Ending balance of equity = Opening balance of Equity + issuance of equity(Common stock) + Net Income - Dividends
135000 = 105000 + 35000 + Net Income - 50000
135000 = 90000 + Net Income
Net Income = 135000 - 90000
Net Income = $45000
n choosing a career, your personal resources are defined as _____. a. the amount of money you require to accept the job when first hired b. who you are and what you have to offer an employer c. your career decisions and goals d. whether or not you have transportation to and from work Please select the best answer from the choices provided A B C D
Choosing a career, your personal resources are defined as who you are and what you have to offer an employer.
How a person get a job a make their career?A person makes their career in the field of their expertise or the subject they have studies about before. The person has some sort of skills that they develop at the time of studies that helped the person to get a job or choose career.
Thus, option B is correct.
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Answer:
Choosing a career, your personal resources are defined as who you are and what you have to offer an employer.
How a person get a job a make their career?
A person makes their career in the field of their expertise or the subject they have studies about before. The person has some sort of skills that they develop at the time of studies that helped the person to get a job or choose career.
Thus, option B is correct.
Matlock Company uses a periodic inventory system. Its beginning inventory consists of 50 units that cost $ 34 each. On June 3, the company purchased 150 units at $ 34 each. On June 15, the company sold 125 units at $ 50 each. Thecompany closes the books on June 30. The physical counts indicate that 75 units are available in the warehouse on June 30. Journalize the June transactions.
Answer:
Matlock Company
Journal Entries:
June 3: Debit Inventory $5,100
Credit Cash $5,100
To record the purchase of inventory.
June 15: Debit Cash $6,250
Credit Sales revenue $6,250
To record the sale of goods.
June 15: Debit Cost of goods sold $4,250
Credit Inventory $4,250
To record the cost of goods sold.
Explanation:
a) Data and Analysis:
June 3: Inventory $5,100 Cash $5,100
June 15: Cash $6,250 Sales revenue $6,250
June 15: Cost of goods sold $4,250 Inventory $4,250
As an economic system how does Socialism function
Answer:
socialism is, broadly speaking, a political and economic system in which property and the means of production are owned in common, typically controlled by the state or government. socialism is based on tje idea that common or public ownership of resources and means of production leads to a more equal society.
The standard direct material cost per unit of finished goods is computed in which of the following ways? Multiple Choice a. Standard quantity per unit of direct material standard price per unit of direct material b. Standard quantity per unit of finished goods * standard price per unit of finished goods c. Standard quantity per unit of direct material standard price per unit of finished goods d. Standard quantity per unit of finished goods x standard price per unit of direct material
The standard direct material cost per unit of finished goods is computed using option (d): Standard quantity per unit of finished goods x standard price per unit of direct material.
The computation of the standard direct material cost per unit of finished goods involves two components: the standard quantity of direct material required to produce one unit of finished goods and the standard price of the direct material per unit. The standard quantity per unit of finished goods represents the amount of direct material that is expected to be used to produce one unit of finished goods, based on the company's predetermined standards. This standard quantity is typically determined by analyzing historical data and adjusting for factors such as changes in production processes or technology. The standard price per unit of direct material represents the cost of one unit of direct material, based on the company's predetermined standards. This standard price is typically determined by analyzing the company's purchasing history and adjusting for factors such as changes in market conditions or vendor contracts. To compute the standard direct material cost per unit of finished goods, we multiply the standard quantity per unit of finished goods by the standard price per unit of direct material. This gives us the expected cost of the direct material used to produce one unit of finished goods, based on the company's predetermined standards.
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The average job is now only —— years in length
The average job is now only 2 years in Job.
What is meant by the term average job?This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.
This means that the average worker can have as m aby other jobs that they want in their lifetime.
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Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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What are the two types of Insider Trading?
Explanation:
One is legal while the other is illegal.
Legal insider trading is when insiders trade the company's securities and report the trades to the authorities.
What effect does undue influence have on a contract and what remedies can be made for its prevention?
Undue influence in a contract refers to a situation where one party exerts an unfair or improper influence over the other party, leading to an imbalance of power and compromising the voluntary and informed consent of the affected party.
When undue influence is present in a contract, it can render the contract voidable or unenforceable.
The effect of undue influence on a contract is that it undermines the fundamental principles of contract law, which require parties to enter into agreements freely and without coercion. It creates an unfair advantage for the party exerting influence, potentially leading to terms that are heavily skewed in their favor. The party subjected to undue influence may not fully understand the terms or the implications of the contract, resulting in an unfair outcome.
To prevent undue influence and protect the integrity of contracts, several remedies are available:
Independent Legal Advice: Encouraging the party who is under the influence to seek independent legal advice can help ensure that they understand the terms and implications of the contract. Independent legal counsel can provide guidance, explain their rights and obligations, and identify any potential improprieties.
Full Disclosure and Transparency: Parties entering into a contract should provide full disclosure of all relevant information and be transparent about the terms and conditions. This allows the affected party to make an informed decision and reduces the risk of undue influence.
Procedural Safeguards: Implementing procedural safeguards, such as cooling-off periods, allows the affected party to take time to consider the contract and seek advice before finalizing the agreement. This helps mitigate the risk of impulsive decisions made under pressure.
Contractual Invalidity: When undue influence is proven, the affected party may have the option to seek the invalidation of the contract. This can be done through legal proceedings or by asserting the contract's voidable nature, which allows the affected party to seek rescission or amendment of the contract.
Legal Remedies and Damages: If undue influence results in harm or loss to the affected party, they may seek legal remedies and claim damages for any losses suffered. This can serve as a deterrent and provide compensation for any unfair outcomes arising from the undue influence.
Overall, preventing undue influence in contracts involves promoting transparency, providing access to independent advice, implementing procedural safeguards, and allowing for legal remedies in case of impropriety. These measures aim to safeguard the fairness and integrity of contractual relationships, ensuring that contracts are entered into freely and with informed consent.
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Furniture purchased from Kailash for Rs. 6,000.
Answer:
What's the question or is this a statement?
Explanation:
?
On September 1, 2021, Middleton Corp. lends cash and accepts a $13,000 note receivable that offers 9% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2022? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
a) $421.
b) $235.
c) $302.
d) $195.
Answer:
d) $195.
Explanation:
Interest revenue to in 2022 = ($13,000*9%) * 2 months/12 months
Interest revenue to in 2022 = $1,170 *2 months/12 months
Interest revenue to in 2022 = $1,170 * 0.1667
Interest revenue to in 2022 = $ 195.039
Interest revenue to in 2022 = $ 195
define central bank.
Answer:
Central Bank is the head of the financial sector of any economy.
how personality affect on performance of company
Personality affects all aspects of a person's performance, even how he reacts to situations on the job. This can lead to increased productivity and job satisfaction, helping your business function more efficiently.
Answer:
Personality affects all aspects of a person's performance, even how he reacts to situations on the job. Not every personality is suited for every job position, so it's important to recognize personality traits and pair employees with the duties that fit their personalities the best. This can lead to increased productivity and job satisfaction, helping your organization to function more efficiently. Personality can be seen as the motor which drives behavior. It's consistent over time and across situations, and has been proven to predict our success at work over the course of 50 or more years. The most widely accepted model of personality-the 'Big Five' model-uses five distinct scales to describe personality: conscientiousness (the extent to which one is dependable and persistent), emotional stability(one's calmness and self-control), extraversion (a measure of sociability, ambition and narcissism), agreeableness (the extent to which one is cooperative and altruistic), and openness to experience (a measure of creativity and novelty-seeking) Personality Personality is so widely studied concept by the psychologists that "personality psychology" is taken as a separate discipline of psychology.
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the average of their sales?
Answer:
352,000
Explanation:
add up all the numbers, then you divide by 3
The average of the three smoothie shop sales is $352,000.
What are sales?A sale is a transaction between two or more parties with respect to a particular product or a service. the payment can be done in cash, digital form, or a barter system. sales can be found out with the help of cost price and profit or loss incurred on selling the product or rendering service.
The annual sale of the first smoothie shop is $300,000
The annual sale of the second smoothie shop is $344,000
The annual sale of a third smoothie shop is $412,000
The average sale of smoothie shop = total of sales/ number of shops
= (300,00 + 344,000 + 412,000) / 3
=$352,000
Therefore, the average sales of the three shops are $352,000.
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Is outsurance non compulsory or compulsory
The outsurance is a non-compulsory act that is not guided by any kind of law.
What is compulsory insurance?Compulsory insurance is that which is guided by law and has to be taken by the businesses in order to claim indemnification at the time of loss or damages.
Outsurance is a business created to fulfill the specific insurance needs of various businesses. It is non-compulsory insurance as it doesn't implement by any law and can be taken by businesses on a voluntary basis.
Therefore, non-compulsory insurance can be the outsurance policy.
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A firms dividend payments less any net new equity raised is referred to as the firms
A firm's dividend payments less any net new equity raised are referred to as the firm's Cash flow to stockholders.
What is cash flow vs revenue?Revenue is the cash a business brings in from the sale of its goods and services. A company's net cash inflow and outflow are known as its cash flow. Cash flow is more of a liquidity indicator than revenue, which measures the effectiveness of a company's sales and marketing.
The amount of money a business distributes to its shareholders is known as a cash flow to stockholders. The cash dividends paid out during a reporting period are represented by this sum.
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Drag the tiles to the correct boxes to complete the pairs.
Match each business function with its
description
operations
marketing
finance
strategy
deals with the challenges that a company
faces in the ever-changing business
environment
deals with debt, stock, and owner's funds
readies products and services for
production and delivers them to the market
deals with finding, targeting, attracting, and
connecting with the right customers
Reset
Next
Answer:
description: readies products and services for
production and delivers them to the market
strategy: deals with the challenges that a company
faces in the ever-changing business
environment
finance: deals with debt, stock, and owner's funds
marketing: deals with finding, targeting, attracting, and
connecting with the right customers
To save time, try a test solution after your first interview
Pat Jones is a college student who is planning some networking
opportunities for the current semester. Pat wanted to look professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next day for full credit.
*****Be sure to include the following in your original response which should be at least four paragraphs with at least five sentences each:
1. Provide a brief description of the scenario in your own words.
2. Do you feel Pat's new strategy is ethical? Why or why not? Could
there be any consequences with this strategy?
3. How will this new strategy impact the company/companies where the suits are purchased?
4. What journal entry/entries would the company have to record
related to the return of the suit?
Answer:
1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.
2. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.
3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.
Explanation:
Which two colors could you mix together to create a tertiary color?
1: red and blue
2: red and yellow
3: yellow and blue
4: yellow and green
Answer: 1: red and blue
2: red and yellow
Explanation: When you mix two primary colors, you get a secondary color. When you mix a primary color with a secondary color, you get a tertiary color. For example, mixing red and blue will give you purple which is a tertiary color. Similarly, mixing red and yellow will give you orange which is also a tertiary color.
Yellow and blue or yellow and green are already secondary color, mixing them will not result in tertiary color.
If storing raw poultry in the same refrigeration until as ready to eat raw foods where should the poultry be placed ?
If stored in the same refrigerator, raw poultry should be reserved on the bottom the shelf below any organized or ready-to-eat items.
Where does raw poultry be stored?This stands especially important in warm weather. Raw poultry should be secured in a bowl or on a platter at the bottom of the refrigerator. Your refrigerator temperature should be 38 degrees to 40 degrees F or lower. Store fresh, raw poultry for no more than one to two days.
Ready-to-eat foods exist stored at the top of the fridge, away from raw foods so that dangerous bacteria cannot transfer from the raw food to the cooked food. Raw meat, poultry, and fish in sealed receptacles to contain them from handling or dripping onto other foods.
Hence, If stored in the same refrigerator, raw poultry should be secured on the bottom of the shelf below any scheduled or ready-to-eat items.
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a) A customer wants to return a never-worn pair of shoes and a dress that was worn
once. The customer paid $90 for the shoes and $125 for the dress. What is this
customer's refund amount for her returns? (2 points)
Answer:
$215
Explanation: You sum the amount of money spent on each item, and refund that amount to the customer. 90 + 125 = 215.
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every how many hours
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
What is time?Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future.
It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.
If it is used frequently, a milkshake mixer must be cleaned and sanitized at least every four hours of time.
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Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000.
After receiving the letter, Company Y immediately sent a telegram to Company X
purporting to accept the offer. However, the telegram company erroneously delivered
the telegram to Company Z. Five days later, the market price of cotton increased a lot.
Company X mailed a letter to company Y to revoke the original offer. The letter of
revocation was received by Company Y. Is there any contract between Company X and
Company Y?
There is no contract between Company X and Company Y. In order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offeror.
According to the case study presented, there is no valid contract between Company X and Company Y. The reason is that acceptance must be communicated to the offeror and the acceptance must be received by the offeror. In this case, Company Y's purported acceptance was not received by Company X because it was erroneously delivered to Company Z.
Moreover, the general rule is that a revocation is effective upon receipt. Therefore, since Company Y received the revocation letter from Company X, it means that Company X has withdrawn the offer. Therefore, there is no contract between Company X and Company Y.
To conclude, in order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offer.
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What kind of display is located near the cash registers to encourage impulse
buying?
Answer:
cheap things like snacks and lighters
Explanation:
To encourage impulse purchases, inexpensive items such as snacks and lighters are placed near the cash registers.
What is the cash register?A cash register is also known as a machine-controlled money handling system. It is a mechanical device used at a point of sale to register and calculate transactions.
It is typically attached to a storage space and applied to store cash and other valuables. In order to encourage impulse purchases, inexpensive items such as snacks and lighters are strategically placed near cash registers.
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what are 3 important parts of budgets that you need to know each month
Which manufacturer most likely uses intensive distribution? O a. Cadbury Adams, a manufacturer of Certs breath fresheners O b. Essential, a manufacturer of lighting fixtures O Citizen, a manufacturer of digital scales O d. Maytag, a manufacturer of appliances
The manufacturer most likely uses intensive distribution is: a. Cadbury Adams, a manufacturer of Certs breath fresheners
Who is manufacturer?A manufacturer can be defined as someone that produces product or goods from raw material to finished goods.
Hence, Cadbury Adams, a manufacturer of Certs breath fresheners is the manufacturer most likely uses intensive distribution.
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The following are effective means of internal cash controls except OA. using checks in pre-numbered sequence to help trace deposits back to the original document B. having signature cards for all employees so anyone can make deposits OC. paying by electronic funds transfer OD. sending checks for verification A
The following are effective means of internal cash controls except:(B) having signature cards for all employees so anyone can make deposits
What are internal cash controls?
The internal cash controls are mechanisms put in place by the company to ensure the safety of its cash and account balances, I mean so as to avoid fraud and collusion by employees to defraud the company, which means that having pre-numbered sequence for checks so as to be able to trace deposits made into bank account source document is an internal control procedure.
Besides, making payments through electronic means rather than by cash nips in the bud situation where large sum of money can be stolen, so also, the verification of checks to serve second level authorization that the checks were issued is an internal cash control step.
However, creating signature cards for all employees is a breach of internal control since giving cash or checks to all employees to make deposits means that everyone has access to the cash or checks where the responsibility is meant for selected few who can be trusted not divert funds or checks belonging to the company.
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Rooms booked well in advance may receive a lower rate than those rooms booked at
the last minute. What term best refers to this concept?
ADR
Orack rate
yield management
accounting services
Answer:
Explanation:
The answer is c. 200 rooms
Identify the factors that positive leadership takes into account to be successful.
The four fundamental components of leadership—the led, the leader, the circumstance, and the communication—should be understood by every leader. When practising leadership, all four aspects must constantly be taken into account, although their effects on one another vary depending on the situation.
Competent, talented, secure, and caring leaders excel in their positions. These leaders are honest and authentic in their behaviors and words, and they make time for everyone. They publicly communicate to their staff that they value people. Someone who guides or directs others is a leader. A leader is someone who sets good examples and is trustworthy and honest.
In our community, there are many different sorts of leaders. Our school, religious institutions, and the government all have leaders. They discovered a close connection between the Big Five characteristics and leadership. In their research, extraversion was shown to be the characteristic most strongly connected with leadership, making it the most crucial quality for great leaders.
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A good or service intended primarily for use in producing other goods or services is a ____ product.