Answer:
60 days
Rationale: The criminal background check is obtained by the candidate at NCREC.Check.com. The background check will be reviewed by NCREC after the candidate passes the examination and before a license is issued.
Adams Company recorded the following journal entry on March 2, 2018. Cash Unearned Revenue From the journal entry above, identify the transaction on March 2, 2018. A. Adams paid for services to be received at a later date. B. Adams received for services to be performed in a later period. C. Adams sold goods for cash. D. Adams purchased goods worth and signed a oneyear note for the same amount.
Answer: B. Adams received for services to be performed in a later period.
Explanation:
Unearned revenue represents cash paid by a customer for services that have not yet been done or goods that have not yet been delivered.
It is credited because it represents a liability as the company owes the customer the services or goods they paid for.
Adams here received cash for services that have not yet been performed which is why it was sent to the unearned revenue account and debited to cash to show that cash was received.
Justin, an employee of Widget Corp., is hesitant to leave the company because he thinks that he will lose a great deal of his investments in time, effort, and benefits. In the context of organizational commitments, it is evident that Justin experiences _____. Group of answer choices normative commitment conjoint commitment affective commitment continuance commitment
Answer:
Continuance commitment
Explanation:
Organizational Commitment
This is commonly defined as employee desire or will to remain a member of the organization. It is said to influences whether an employee stays a member of the organization (is retained) or leaves to pursue another job (turns over).
Continuance Commitment
This is a type of commitment that is said to occur only when there is a profit associated with staying and a cost associated with leaving. This usually create a more passive form of loyalty. continuance commitment increases in terms of the total amount of investment (in terms of time, effort, energy, etc.) an employee has made in mastering his work role or fulfilling his organizational duties or lack of employment alternatives etc.
Franchises are attractive to business owners because
they have a proven business model.
they are typically inexpensive to buy.
they get to keep all profits.
they come with very little risk.
A. they have a proven business model.
Franchises are attractive to business owners because they have a proven business model. The correct option is A.
Why are franchises attractive?Franchises give larger companies the ability to expand and spread out while also allowing entrepreneurs and small business owners the chance to manage their own operations with the assistance and support of a larger organization with a track record of success. Franchising is a seductive strategy for achieving commercial success.
In a franchise, the business owner (the franchisor) sells the right to use its brand, goods, and operational procedures to the franchisee (the person who wants to open a new location) in exchange for a fee.
The fact that the franchisor has previously created and put the business model through testing is one of the key advantages of owning a franchise. As opposed to starting a new company from scratch, the franchisee can take advantage of the franchisor's knowledge and expertise, which lowers the risk of failure.
Thus, the ideal selection is option A.
Learn more about franchises here:
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What is Interpersonal skill in business
management ?
are the behaviors and tactics a person uses to interact with others effectively in the business world the team refers to an employees ability to work well with others Explanation:
An analyst forecasts dividends over the next three years for ABC Company of $1.25, $2.00, and $2.50 respectively. He also expects that the dividend will grow at a constant rate of 3% forever after the third year. If the required rate of return is 12%, ABC stock price is closest to:
Answer:
$24.85
Explanation:
The stock price of the abc is given below:
Value of Stock after Year 3 = (Forecasted Dividend for Year 3 × Growth Rate) ÷ (Required Rate of Return - Growth Rate of Dividend)
= (2.5 × 1.03) ÷ (0.12-0.03)
= 28.61
Now
Current Stock Price = PV of all Future Dividends and Present Value of Stock after Year 3
=(1.25 ÷ 1.12) + (2 ÷ 1.12^2) + (2.5 ÷ 1.12^3) + (28.61 ÷ 1.12^3)
= 1.1161 + 1.5944 + 1.7795 + 20.3640
= $24.85
Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $385,900; materials of $417,000 and direct labor of $227,000. During the year Adams incurred $408,900 in materials costs, $403,400 in overhead costs and $231,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.
Answer:
$364,980
Explanation:
Computation for the amount of under- or overapplied overhead for the year.
First step is to calculate the
Predetermined Overhead using this formula
Predetermined Overhead rate = Estimated overhead/direct labor estimated
Let plug in the formula
Predetermined Overhead rate= 358,900/227,000
Predetermined Overhead rate= 158% of direct labor cost
Now let determine the Overhead applied
Overhead applied = $231,000*158%
Overhead applied= $364,980
Therefore the amount of under- or overapplied overhead for the year is $364,980
g If the economy experiences economic contraction, the government can combat this with an Group of answer choices increase in government purchases increase in marginal tax rates increase in autonomous taxes increase in real interest rates
Answer:
increase in government purchases
Explanation:
If there is a contraction in the economy, the government should conduct expansionary policies to increase money supply.
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Single Plantwide Factory Overhead Rate Kennedy Appliance Inc.’s Machining Department incurred $159,500 of factory overhead cost in producing hoses and valves. The two products consumed a total of 5,500 direct machine hours. Of that amount, hoses consumed 2,800 direct machine hours. Determine the total amount of factory overhead that should be allocated to hoses using machine hours as the allocation base. $fill in the blank 1
Answer:
the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
Explanation:
The calculation of the total amount of factory overhead that should be allocated to hoses using machine hours is given below:
= $159,500 × 2,800 ÷ 5,500
= $81,200
Hence, the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
the same is relevant
In general, increasing price above the market equilibrium price will _______ consumer surplus and ________ producer surplus. Total surplus will _______. Reducing price below market equilibrium will ________ consumer surplus and _______ producer surplus. Total surplus will _______. Thus regulators _______ increase benefits to one group or the other, but the market ______ be efficient.
The tax incidence is the:_____
a. average tax burden borne by buyers and sellers.
b. actual tax burden borne by buyers and sellers.
c. absolute tax burden borne by buyers and sellers.
d. relative tax burden borne by buyers and sellers.
A chart of accounts for a merchandising business a.usually is standardized by the FASB for all merchandising businesses b.usually is the same as the chart of accounts for a service business c.always uses a three-digit numbering system d.usually requires more accounts than does the chart of accounts for a service business
Answer:
A chart of accounts for a merchandising business
d. usually requires more accounts than does the chart of accounts for a service business.
Explanation:
A merchandising business will require many accounts to account for inventory movements, costs, and revenue from the sale of inventory. These accounts are not applicable to a service business. Therefore, the chart of accounts for a service business will not require many accounts.
MC Qu. 141 Comet Company accumulated... Comet Company accumulated the following account information for the year: Beginning raw materials inventory$6,700 Indirect materials cost 2,700 Indirect labor cost 5,700 Maintenance of factory equipment 3,500 Direct labor cost 7,700 Using the above information, total factory overhead costs would be:
Answer:
the total factory overhead cost is $11,900
Explanation:
The computation of the total factory overhead cost is shown below:
= Indirect materials cost + Indirect labor cost + Maintenance of factory equipment
= $2,700 + $5,700 + $3,500
= $11,900
Hence the total factory overhead cost is $11,900
The same should be considered and relevant
My husband and I have been married for four years. When we graduated from college we were able to find entry level positions in California, but things were difficult because it is very expensive to live in California. After two years of marriage we decided to move to Omaha, Nebraska, believing that we could earn California wages without paying California housing prices. We bought a 900 square-foot condo for $317,000. We love the place and it's in a great neighborhood, but we have to be honest with ourselves that we may have made a mistake. Buying the condo took our savings, and that meant we had to take out a student loan for my husband's graduate school. He works in education, and with a $42,000 salary, it infuriates us that his graduate schooling nearly costs us what he makes in a year. Although we carry no credit card debt and continue to drive our very old cars, it worries me that when it comes time to pay back student loans, we are going to still be very tight and only be paying near the minimum credit card payment. My husband's career goal is to work in school administration, which pays more that what a classroom teacher makes. But it could take several years for that to happen, and we will need to sit tight until then. I am grateful that we have, for the most part, lived within our means and have made an effort to save a small amount of money. But if either of us loses our job, we could be in the same boat a lot of people are in. I hope this economy turns around so I can stop losing sleep about it! Based on the above scenario, describe one problem the couple above is facing and one possible solution to the problem
Answer:
I think there is no answer as pre my opinion and watch for other answer
JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures
Answer: $1781.54
Explanation:
Since the person invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually, then the amount that the person will have when the CD matures will be:
= PV(1 + r)^n
= 1500 × (1+3.5%)^5
= 1500 × (1.035)^5
= 1500 × 1.18769
= 1781.54
Therefore, the person will have $1781.54 when the CD matures.
If the risk-free rate is 7.0%, the market risk premium is 9.0%, and the expected return on Security J is 23.8%, what is the beta for Security J
Answer:
the beta for Security J is 1.87
Explanation:
The computation of the beta is given below
As we know that
Expected return = risk free rate of return + beta ×market risk premium
23.8% = 7.0% + beta × 9.0%
So, the beta is
= (23.8% - 7.0%) ÷ 9.0%
= 1.87
Hence, the beta for Security J is 1.87
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.May 1: Prepaid rent for three months, $2,100May 5: Received and paid electricity bill, $70May 9: Received cash for meals served to customers, $1,530May 14: Paid cash for kitchen equipment, $3,780May 23: Served a banquet on account, $1,780May 31: Made the adjusting entry for rent (from May 1).May 31: Accrued salary expense, $3,260May 31: Recorded depreciation for May on kitchen equipment, $670
Answer:
Net loss -$1,390
Explanation:
The computation of the net income is given below:
Service revenue
On cash $1,530
ON credit $1,780
Service revenue $3,310
Less: Expense
Utilities expense -$70
Rent expense -$700
Salaries expenses -$3,260
Depreciation expense -$670
Total expenses -$4,700
Net loss -$1,390
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $120,000 3-years from now. How much must Shane deposit to accomplish his goal
Answer:
84165.59
Explanation:
[tex]12000=x(1+\frac{.06}{2})^{2*6}\\.\frac{120000}{(1.03)^{12}}=84165.58562[/tex]
which we will round to 84165.59
Stephanie wanted to save for her daughter's education. Tuition costs $10,000 per year in today's dollars. Her daughter was born today and will go to school starting at age 18. She will go to school for 4 years. Stephanie can earn 12% on her investments and tuition inflation is 6%. How much must Stephanie save at the beginning of each year if she wants to make her last savings payment at the beginning of her daughter's first year of college
Answer:
The amount that Stephanie must save at the beginning of each year if she wants to make her last savings payment at the beginning of her daughter's first year of college is:
= $6,428.46.
Explanation:
a) Data and Calculations:
Tuition costs per year in today's dollars = $10,000
Total tuition costs for 4 years in today's dollars = $40,000
Number of periods to save = 18 years
Interest rate on investments = 12%
Tuition inflation rate = 6%
Stephanie needs to save $6,428.46 at the beginning of each year, calculated as follows from an online financial calculator:
N (# of periods) 18
I/Y (Interest per year) 18
PV (Present Value) 40000
FV (Future Value) 0
Results
PMT = $6,428.46
Sum of all periodic payments = $115,712.21
Total Interest = $75,712.21
Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $1,654. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $777.
Answer:
The adjustment is:
= Balance in supplies account - Supplies on hand
= 1,654 - 777
= $877
This amount will be sent to the Supplies expense account to show that it was incurred as an expense during the period but was not accounted for. Expenses are debited when they increase.
Date Account Title Debit Credit
XX-XX-XXXX Supplies expense $877
Supplies $877
what does it mean to be "in the red"
Answer:
The expression "in the red" is used to describe a business that has negative earnings. This is in contrast to the phrase "in the black" which refers to businesses that are profitable and financially solvent. ... Before the use of computers, accountants recorded income in black ink and expenses in red ink.Explanation:
I hope it helped❤hey buddy can u do a favor to mehey buddy can u do a favor to meif u don't mind ......plz subscribe to my UTube channel - gtron95283. Which of the following is NOT a factor of production?
a. land
d. entrepreneurship
b. output
e. capital
c. inputs
Answer:
Output.
Explanation:
because it is an effect of production but not a factor.
Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and luggage sets for each in . All sales are cash only. Prepare the sales budget for January and February.
Complete Question:
Yem Company manufactures luggage sets. Yem sells its luggage sets to department stores. Yem expects to sell 1,600 luggage sets for $260 each in January and 1,700 luggage sets for $260 each in February. All sales are cash only. Prepare the sales budget for January and February
Answer:
Yem Company
Yem Company
Sales Budget
Two Months Ended January 31 and February 28
January February
Budgeted luggage sets to be sold 1,600 1,700
Sales price per set $260 $260
Total sales $416,000 $442,000
Explanation:
a) Data and Calculations:
Expected sales units in January = 1,600 luggage sets
Selling price for January sales = $260 each
Expected sale units in February = 1,700 luggage sets
Selling price for February sales = $260 each
What's the meaning of the symbol S3?
A. One three-way switch
B. A single switch mounted at 3'0"
C. Three single-pole switches
D. a triple-pole switch
The answer is A
One three-way switch
Fred is working on a new storage system for his organization. He needs it to provide storage for the entire private cloud in the data center. Which of the following is he most likely to deploy?
a. SAN
b. NAS
c. NSA
d. DAS
Answer:
a. SAN
Explanation:
Cloud computing can be defined as a type of computing that requires shared computing resources such as cloud storage (data storage), servers, computer power, and software over the internet rather than local servers and hard drives.
Generally, cloud computing offers individuals and businesses a fast, effective and efficient way of providing services.
iSCSI is simply an acronym for Internet Small Computer Systems Interface and it is typically an internet protocol (IP) with respect to a storage area network (SAN) standard used essentially for connecting data storage facilities over a transmission control protocol and internet protocol (TCP/IP).
A storage area network (SAN) can be defined as a high-speed computer network that is specially designed to avail end users the ability to access consolidated, block-level data storage. Thus, storage area network (SAN) typically connects network servers to data storage.
Hence, Fred is most likely to deploy a storage area network (SAN) in this scenario, to provide storage for the entire private cloud in the data center.
2. If management adopts Bo's suggestion of reducing U-Scream Ice Cream's charitable donations until profits stabilize, the company will essentially reduce its ___________.
Answer:
Corporate philanthropy
Explanation:
Corporation
This is simply known as an organization that is owned by individuals, called shareholders, so it had an large amount of money available.
Corporate Philanthropy
This is simply known as corporation involvement in giving or making a direct contribution to a charity or cause The contributions may be in different forms such as:
a. Cash,
b. Grants
c. Donations
d. In-kind services etc.
Usually, corporations often chooses a cause that fits with the corporation
There are various options for giving to philanthropy. Reduction in U-Scream Ice Cream's charitable donations can lead to a corresponding decline in charitable philanthropies by organizations.
Assume you have 1000 shares of Microsoft, and they want to buy back their shares, would you sell your shares to them? OR you would wait for the divided? Furthermore, WHY Microsoft is repurchasing their shares? Likewise, if you have PKR 1 million, to diversify risk, how you would make different portfolios for this amount?
Answer:
no, i wouldn't
Explanation:
most likely the stock market is doing well and they want to keep the money, so thats why they'd buy them back. they want to keep the money for themselves.
Liquidity is _________. Question 10 options: equal to the market value of a firm's total assets minus its total liabilities generally most associated with intangible assets a measure of the use of debt in a firm's capital structure valuable to a firm even though liquid assets tend to be less profitable to own equal to current assets minus current liabilities
Answer:
valuable to a firm even though liquid assets tend to be less profitable to own
Explanation:
Inductive reasoning starts with a general truth and uses facts to draw specific conclusions.
True or false
Please answer the following questions.
Porter Co. is analyzing two projects for the future. Assume that only one project can be selected.
Project X Project Y
Cost of machine $68,000 $60,000
Net cash flow:
Year 1 24,000 4,000
Year 2 24,000 26,000
Year 3 24,000 26,000
Year 4 0 20,000
The payback period in years for Project X is:_______
a. 2.00.
b. 3.83.
c. 3.50.
d. 2.83.
e. 4.00.
Answer: d. 2.83 years
Explanation:
The Payback period of an investment is the time it would take for the positive cash inflows to pay off the investment amount put into the project.
When the cashflow is constant, the payback period is calculated as:
= Investment in project X / Annual Cash inflow for project X
= 68,000/24,000
= 2.83 years
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs:
Raw materials $4,500 on account, factory labor $8,100 of which $5,300 relates to factory wages payable and $2,800 relates to payroll taxes payable, and factory utilities payable $2,700.
Required:
Prepare journal entries for each type of manufacturing cost.
Answer:
Date Account titles and Explanations Debit Credit
31-Jan Raw materials inventory $4,500
Accounts payable $4,500
31-Jan Work in process inventory $8,100
Factory wages payable $5,300
Payroll taxes payable $2,800
31-Jan Manufacturing overhead $2,700
Factory utilities payable $2,700
The part can be purchased from an outside supplier at $20 per unit. If the part is purchased from the outside supplier, two thirds of the total fixed costs incurred in producing the part can be eliminated. The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:
Answer:
$2,000 Decrease
Explanation:
Calculation to determine what The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:
First step is to calculate C saving from not producing parts
C saving from not producing parts = $12 + (2/3 x $9)
C saving from not producing parts = $18
Now let determine The annual increase or decrease on the company's operating incomes
purchase price = $20
Annual increase or decrease =($20-$18) x 1,000
Annual increase or decrease =$2 more per unit x 1,000
Annual increase or decrease = $2,000 decrease
Therefore The annual increase or decrease on the company's operating incomes as a result of buying the part from the outside supplier would be:$2,000 Decrease
