Answer:
$381,400
Explanation:
Net income for the year 305,000
Adjustments to reconcile net income
Depreciation expense for the year 93,700
loss on sale of the equipment 10,000
increase in accounts receivable -40,200
Decrease in prepaid expense 10,200
Increase in accounts payable 15,200
decrease In wages payable -12,500
net cash provided by operating activities $ 381,400
Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs of framing will be $2,500 more than he anticipated, and threatens to walk off the job unless Joe agrees to pay the additional $2,500. Joe agrees to the price increase. Most courts today would hold the agreement to pay the additional $2,500 to be _____ the agreement based on a(n) _______. (Choose two correct answers)
Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
The net income reported on the income statement for the current year was $240,000. Depreciation was $50,000. Accounts receivable decreased by $10,000 and inventories decreased by $30,000. Prepaid expenses increased by $1,000 and accounts payable increased by $8,000. How much cash was provided by operating activities? Select one: a. $337,000. b. $329,000. c. $301,000. d. $321,000.
Answer:
a. $337,000
Explanation:
Calculation to determine How much cash was provided by operating activities
Using this formula
Cash provided by Operating activities=Net income+Depreciation+Account receivable+Inventories decreased -Prepaid expenses+Accounts payable increased
Let plug in the formula
Cash provided by Operating activities=$240,000 + $50,000 + $10,000 + $30,000 - $1,000 + $8,000
Cash provided by Operating activities=$337,000
Therefore the cash provided by operating activities was $337,000
A monopoly exists when:
(A) A company is larger than all the other companies in the industry combined.
(B) A company produces greater quantities of an item than any other firm.
(C) A company charges higher prices than anyone else for a product.
(D) There is only one supplier of a particular good or service.
A monopoly exists when a company produces greater quantities of an item than any other firm. Hence, option B is correct.
What is monopoly?Monopoly is the single seller in the market. Monopoly enjoys the freedom of price variation, as there is no other seller for competition.
The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis.
Thus, option B is correct.
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highlights four drawbacks of direct production
Answer:
Does not encourage trade as goods are produced for own use.
Citizens have limited variety of goods.
Discourages specialization as one is forced to produce everything required.
Hinders technological development due to use of simple production methods.
Explanation:
hope i helped
A subject property has a swimming pool (worth $5,000) and a three-car garage (worth $4,500). Comp property A has a pool only and sold for $452,500. Comp property B has a three-car garage only and sold for $446,000. What adjusted prices should you use for these two comps in a CMA
Answer and Explanation:
The calculation of the adjusted price that could use for these two comps in a CMA is given below:
For Comp property A, the value of the garage should be
= $452,500 + $4,500
= $457,000
And, for comp property B, the value of the pool should be
= $446,000 + $5,000
= $451,000
In this way, it should be considered
The term value chain refers to the idea that a company is: Group of answer choices The producer of a series of customer-valued products that are linked together. A series of activities that transform inputs into products that customers value. A collection of various products and their attributes. One of a series of economic functions.
Answer:
A series of activities that transform inputs into products that customers value.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.
On a related note, a value chain refers to the idea that a company is a series of activities that transform inputs into products that customers value.
The Learner Company uses the weighted average method. Learner's beginning work in process consists of 6,600 units (100% complete with respect to materials and 60% complete with respect to conversion costs). The number of units completed during the period is 126,000. The ending work in process consists of 10,500 units (100% complete with respect to materials and 30% complete with respect to conversion costs). What are the equivalent units of production with respect to conversion costs
Answer: 129150
Explanation:
Based on the information given in the question, the equivalent units of production with respect to conversion cost will be calculated thus:
Equivalent Units = Units Completed + Units in EWIP × Fraction of conversion cost
= 126,000 + (10,500 × 0.30)
= 126,000 + 3150
= 129,150 units
Therefore, the equivalent units of production with respect to conversion costs is 129150 units
how does tariffs impact employment?
Answer:
mark me as a brainlist answee
Explanation:
The levying of tariffs is often highly politicized. The possibility of increased competition from imported goods can threaten domestic industries. These domestic companies may fire workers or shift production abroad to cut costs, which means higher unemployment and a less happy electorate.
A security guard, dressed in plain clothes, was working for a discount store when a customer got into a heated argument with a cashier over the store's refund policy. Without identifying himself as a security guard, the security guard suddenly grabbed the customer's arm. The customer attempted to push the security guard away, and the security guard knocked the customer to the floor, causing injuries. The customer sued the discount store for battery on a theory of vicarious liability for the injuries caused by the security guard. The store filed an answer to the customer's complaint, asserting the affirmative defense of contributory negligence. The customer has moved to strike the affirmative defense. Traditional rules of contributory negligence apply. Should the trial court grant the customer's motion
Answer: C. Yes, because contributory negligence is not a defense to battery.
Explanation:
Contributory negligence means that the party suing should take some responsibility for the injuries that they got in relation to an accident because didn't take enough care to ensure that they would not be involved in the accident. For instance, seeing a "wet floor" sign and falling whilst walking across.
Contributory negligence cannot be used as a defense against battery however because it is not accepted that a person should take blame for another person becoming physical with them. The Court would grant the customer's motion in this instance.
A company issued 6,000 shares of stock at $10 each, with a par value of $2.
What amount is debited as Cash?
A. $6,000
B. $66,000
C. $30,000
D. $72,000
Answer:
A. 6,000
Explanation:
trust
Johnson- Schmitt gave several dogs to Dispenza to find good homes for them. Dispenza did not find good homes for them, but rather kept them on his property in such deplorable conditions that they were eventually seized by the sheriff, turned over to the local SPCA, and adopted out to other families. Johnson- Schmitt later sued the county claiming unlawful conversion of her property( the dogs). Did Johnson- Schmitt have any property right in the dogs at the time they were seized?
Answer:
John-Schmitt had property right in the dogs at the time they were seized.
She had the right to dispose of her private property (dogs) and also to delegate Dispenza to dispose of her property (dogs). She was still in this right of disposition to her property before they were seized. Therefore, she could sue the country (right to property right enforcement) for unlawful conversion of her dogs.
Explanation:
The right of disposition or transferability is one of the property rights, including the right of possession, the right of control, the right of exclusion, the right of enforcement, and the right to derive income from the property. The right of transferability means that property rights should be transferable from one owner to another in a voluntary exchange. She can enforce her property rights.
A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money. b. mail from a known party who claims to have access to large sums of money or assets. c. a letter that falsely claims the writer represents a foreign bank. d. an email containing their Social Security number and/or credit information.
Answer:
c. a letter that falsely claims the writer represents a foreign bank.
Explanation:
A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities
So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank
What is the business reason for China Noah’s potential currency exposure? Does the company really need to subject itself to substantial exchange rate risk? Is the risk "material" to China Noah? Do you think China Noah should hedge?
srry I dontcknwo
Explanation:
pls make as brriallent
Of the various fees an applicant for a mortgage banker must pay in New York, which of the following is NOT one of those fees? A $1,500 fee for the home office requested An original mortgage banker bond of $50,000 A fingerprint fee of $94.25 A non-refundable $3,000 investigation fee
Answer: A $1,500 fee for the home office requested.
Explanation:
The fees that an applicant for a mortgage banker must pay in New York include the following:
• An original mortgage banker bond of $50,000
• A fingerprint fee of $94.25
• A non-refundable $3,000 investigation fee.
It should be noted that a $1,500 fee for the home office requested isn't among the fees to be paid.
Suppose Jim goes door-to-door selling vacuum cleaners at an amazing discount. To obtain the discount, customers must pay immediately, and the vacuum cleaner will be delivered to them in three to five business days. However, Jim possesses no vacuum cleaners and does not plan to deliver any. Jim has committed the crime of
Answer:
false pretense
Explanation:
In criminal law the crime of false pretense is committed when a person get a property or cash through falsehood. In false pretense this money or property is gotten through fraud by misrepresentation.
For example, this salesperson promises to provide vacuum cleaners as an amazing discount. After the customers pay him, we see that he intentionally fails to deliver because he had no vacuum cleaners in the first place.
Explain three ways in which tertiary sector industries contribute to the economy
Answer: retail, health care, financial services, entertainment, and many others.
Explanation:
Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is a. $200. b. 20 radios. c. 90 radios. d. $400.
Answer:
d. $400.
Explanation:
The computation of the value of marginal product of the ninth worker is given below:
= (90 radios × $20) - (70 radios × $20)
= $1,800 - $1,400
= $400
Hence, the value of marginal product of the ninth worker is $400
Therefore the option d is correct
ABC Enterprises is worth $300,000. There are 3 shareholders and each shareholder is an equal owner of the company. If they establish an entity buy-sell agreement, the entity would have to buy policies in the amount of $____________ on each of the owners.
Answer:
$100,000 per each owner
Explanation:
Divided by 3. Seems fair
both dual enrollment and AP courses offer the following possibilities except that
Johnson is an executive vice president at Conecom Hardware. He researches a proposal by a larger company, Openlane Hardware, to combine the two companies. By analyzing past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that Openlane has poor profit margins, sells shoddy merchandise, and treats customers poorly. What actions should Johnson and Conecom Hardware take
Answer: Turn down the acquisition offer and prepare to resist a hostile takeover.
Explanation:
Since Johnson analysed the past performance of Openlane hardware and found out that past performance, conducting focus groups, and interviewing Openlane employees, Johnson concludes that the company has poor profit margins, sells shoddy merchandise, and treats customers poorly, then Johnson and Conecom Hardware should turn down the acquisition offer and prepare to resist a hostile takeover.
In this case, the merge between the companies will have a negative impact on Johnson and Conecom hardware due to the fact that the company has a bad reputation already and this can have an effect on Conecom. Therefore, the acquisition offer should be turned down.
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Lifelong Learning: Mastery Test
4
Select the correct answer.
Why do many organizations encourage their employees to be lifelong learners?
O A employees will be more able to handle increasing responsibilities
OB. employees will be more likely to follow company policies
OC employees will be more likely to remain loyal to the company
OD. employees will be more likely to interact well with each other
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Answer: A. employees will be more able to handle increasing responsibilities.
Explanation:
Lifelong learning refers to the ongoing pursuit of knowledge for personal or professional reasons. When a person is a lifelong learner, such person has a growth mindset and pushes himself or herself to find new ideas to solve challenges.
Several organizations encourage their employees to be lifelong learners in order for such employees to be able to handle increasing responsibilities. Some organizations send their employees to study some courses which will help in their growth and development and also to be able to handle certain responsibilities.
Evelyn paid a $700 annual premium for a business overhead expense policy that paid a monthly benefit of up to $4,000 for a benefit period of 6 months. When Evelyn became disabled she used the entire benefit for 3 months, which covered $8,000 of employee salaries, as well as $3,000 in rent and utilities. This means that the amount of the benefits which was reported as income equaled ______________.
Answer:
$12,000
Explanation:
Calculation to determine the benefits which was reported as income
Using this formula
Benefit reported as Net income=Overhead expense policy Monthly benefit
+Entire benefit for 3 months Employee Salaries
Let plug in the formula
Benefit reported as Net income=$4,000+$8,000
Benefit reported as Net income=$12,000
Therefore This means that the amount of the benefits which was reported as income equaled $12,000
Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.65 and sold for $65.35. A finished desk can be sold for $74.50. The additional processing cost to complete the finished desk is $6.60. Prepare a differential analysis. Round your answers to two decimal places.
Answer:
Alternative 1 $27.7
Alternative 2 $30.25
Differential effects $2.55
Explanation:
Preparation of a differential analysis
DIFFERENTIAL ANALYSIS
Sell unfinished desks(Alternative 1 ) Process further into finished desks (Alternative 2) Differential effect (Alternative 2)
Revenue per desk $65.35 $74.50 $9.15
($74.50-$65.35=$9.15)
Cost per desk - $37.65 -$44.25 -$6.60
($37.65+$6.60=$44.25)
Profit /Loss per desk $27.7 $30.25 $2.55
($65.35 - $37.65=$27.7)
($74.50-$44.25=$30.25)
($9.15-$6.60=$2.55)
Therefore the company should process further and sell finished desks because it yields incremental Profit per desk.
1. Give two examples of how life Insurance premiums would be determined based on ageand gender. Explain which type of life Insurance you would
recommend for each situation.
Answer:
Life insurance is designed to pay out a death benefit to the person or persons you name as beneficiaries when you pass away. In exchange for this coverage, you pay a premium to the life insurance company. In the case of term life insurance, you'd pay these premiums for a set term prescribed by the policy. With permanent life insurance coverage, premiums are due as long as the policy remains in effect
a. In 2018, manufacturing workers in the United States earned average compensation of $21.86 per hour. That same year, manufacturing workers in Mexico earned average compensation of $3.20 per hour. U.S. manufacturers can possibly compete if multiple choice 1 the product in the United States is specialized. technology is cheaper in the United States. U.S. workers are more productive. some production is done in low-wage countries. b. All manufacturing is not done in Mexico and other low-wage countries because multiple choice 2 there is not enough foreign labor. of trade barriers. shipping costs are too high. consumers want domestically produced products.
Answer:
a. The correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. The correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Explanation:
a. U.S. manufacturers can possibly compete if
A worker or labor is said to be more productive if it produces or able to produce larger amounts of goods than the other workers or labors.
If the U.S. workers are more productive than the workers in Mexico, the labor cost per unit of goods produced in the US will be lower than the labor cost per unit of goods in Mexico.
Therefore, the correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. All manufacturing is not done in Mexico and other low-wage countries because
Trade barriers are restrictions on international trade imposed by the government.
When a country imposes trade barriers, some goods will not be imported into that country even if they are cheaper in terms of average compensation per hour for manufacturing workers than the locally produced goods. As a result, some of the goods have to be manufactured in the country where average compensation per hour for manufacturing workers is the highest.
Therefore, the correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Timothy periodically purchases bonds issued by Prince Waste Collection. Last year, he bought two bonds in February, two bonds in June, and one bond in August, then sold them all in October. Prince Waste Collection bonds were selling at 94.593 in February, 92.661 in June, 105.480 in August, and 102.882 in October. If each bond that Timothy bought had a par value of $1,000, how much profit did he make from buying and selling these bonds
Answer:
$344.22
Explanation:
Calculation to determine how much profit did he make from buying and selling these bonds
First step is to calculate how much Timothy invested in February, June and August
February=2 x $1,000 x 94.593%
February = $1,891.86
June= 2 x $1,000 x 92.661%
June= $1,853.22
August= $1,000 x 105.48%
August = $1,054.80
Total investment = $4,799.88
($1,891.86+$1,853.22+$1,054.80)
Seconds step
Since Timothg sold 5 bonds in the month of October at 102.882 each which means he will received:
Amount received= 5 x $1,000 x 102.882%
Amount received= $5,144.10
Now let determine his Total profit
Total profit = $5,144.10 - $4,799.88
Total profit= $344.22
Therefore how much profit did he make from buying and selling these bonds will be $344.22
Explain the tradeoffs involved in setting an ideal level of inventory for a
particular product. What are the costs if too much is maintained? What are
the costs if too little is maintained?
Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.
Answer:
b.corporation is answerfour factors that affect the productivity of an office worker
Answer:
not enough sleep
no breakfast
noise
distractions
what will happen to trade if business is flourishing?
Answer:
if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand
