Answer:
Crane Co.
This transaction would decrease net income for the month by $4930.
Be recorded by a $4,930 debit to Salaries and Wages Expense and a $4,930 Credit to Cash.
Explanation:
a) Data and Analysis:
June 21: Salaries Expense $4,930 Cash $4,930
b) The transaction that affects the Salaries and Wages Payable is the unpaid salaries and wages expense that are accrued but not yet paid to employees. However, the above transaction will increase the amount in the Salaries and Wages Expense by $4,930 and decrease the Cash by the same amount. It will also reduce the net income for the month by $4,930.
Failure to accrue interest expense results in A. an overstatement of net income and an understatement of liabilities. B. an understatement of net income and an overstatement of liabilities. C. an overstatement of net income and an overstatement of liabilities. D. an understatement of net income and an understatement of liabilities.
Answer:
A. an overstatement of net income and an understatement of liabilities.
Explanation:
Failure to accrue interest expense results in understating net income and overstating liabilities. Therefore, option B is correct.
When a company fails to accrue interest expense, it means that it has not recognized the interest obligations it owes on its liabilities. This omission leads to an understatement of net income, as interest expense is a necessary cost that should be recognized in the income statement.
Additionally, it results in an overstatement of liabilities, as the company has not properly accounted for the outstanding interest obligations.
By neglecting to accrue interest expense, the company misrepresents its financial position, potentially leading to distorted profitability figures and a misrepresentation of its debt obligations.
Therefore, option B is correct.
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In 1910, the price of a Model T Ford was $950. By 1917, the average price for the same car was $360. In 1910, fewer than 19,000 Model T's were sold. In 1917, over 730,000 were sold. What conclusion can you draw from this information?: (A)The cost of living must have gone down between 1910 and 1917. (B)Henry Ford was making less money in 1917 than he was in 1910 (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910. (D)There is no relationship between the price of the Model T's and the number sold.
The conclusion that can be reached is that (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910.
The price of a good or service is usually directly proportional to its cost. This means that if something was costly to produce or to provide, the price that the company providing will charge will be high as well.
The reason for this is that the company needs to make a profit so they charge a higher price than the cost in order to make back the cost and some profit. This is called cost plus pricing.
In 1910, the Model T Ford cost $950 but in 1917 the same car cost $360. This means that the cost must have been less in 1917 than it was in 1910 which was why the Ford company was able to charge less for it.
The correct answer is therefore C.
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Answer:
option c is the correct answer
i think this helps u
If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who Group of answer choices have the highest opportunity cost. have a comparative advantage in the productive activity. can complete the productive activity most rapidly. least enjoy performing the productive activity.
Answer:
have a comparative advantage in the productive activity.
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. It means that the person is more efficient in the production of that good when compared with other people.
For example, farmer A produces 10kg of lettuce and 5kg of wheat. Country B produces 5kg of lettuce and 10kg of wheat.
for farmer A,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
for farmer B,
opportunity cost of producing lettuce = 5/10 = 0.5
opportunity cost of producing wheat = 10/5 = 2
Farmer A has a comparative advantage in the production of lettuce and farmer B has a comparative advantage in the production of wheat
Farmer A should produce lettuce and farmer B should produce wheat in order to maximise output
Although Kemal attempted to create a strong Turkish economy, how did his policies only add to the international global depression? a. Kemal tried to discourage Turks from buying foreign goods. b. High tariffs on imported goods only hurt other nations involved in the global depression. c. Goods from Europe and American were banned in Turkey. d. Government subsidies kept Turkish goods cheap in the nation and discouraged foreign imports. e. Kemal tried to create a totally domestic solution to the economic problems.
Answer:
b. High tariffs on imported goods only hurt other nations involved in the global depression
Explanation:
Although Kemal attempted to create a strong Turkish economy, his policies only add to the international global depression due to the placement of "High tariffs on imported goods."
Kemal who was once the President of the new Turkey from the old Ottoman Empire had series of reforms including economic policies that favor internal production and discourage reliance on importation. However, his administration was around the global depression period, and his policies of high tariffs on imported goods only hurt other nations involved in the global depression.
Suppose that Paolo divorces Sharon and leaves the family without paying alimony or child support. Sharon must now support her two children alone,
so she begins working full time and earns a total of $16,000. Are Sharon and her children living in poverty?
O Yes
O no
Answer:
yes, based on chart and the number of children. her income level is well bow poverty. if you multiple the number in household under 65 related the income level should be well above 16000
Jessica's company manufacturers a variety of coffee flavors that are sold to retail stores. Her company receives the coffee beans from a distributor in South America who purchased the beans from local farmers. The farmers, distributor, Jessica's company, and the retail stores all make up a _______.
Answer:
supply chain
Explanation:
supply chain can be regarded as network that is designed to exist between company that is producing a product and its suppliers so that the produced product can be distributed to the final buyer. There are
different activities under this network, these include information as well as people and resources. It could includes wholesaler, retailer and so on.
causes of corruption?
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Answer:
MAIN CAUSE OF CORRUPTION ATE
1)GREATER NUMBER OF POPULATION.
2) WEAKNESS OF THE SOCIETY
3) THERE BE LESS AWARNESS.
4)SELF DESTRUCTIVE MINDED PERSON.
5) MAKING MUCH RICH AND LIVING COMFORTABLE
a woman sells her home for $450 000. she had purchased it for $300 000 and has lived there for 3 years. how much will she owe to IRS due to the gain on the sale?
Answer: $0
Explanation:
As a single homeowner, you are allowed to sell your house and get a $250,000 exemption on capital gains tax so long as you had stayed in the house for 2 years or more out of the last 5 years.
The woman in question has stayed in her home for 3 years when she sold it so she qualifies for the exemption.
Her capital gain is:
= Selling price - cost price
= 450,000 - 300,000
= $150,000
This is less than the exemption of $250,000 so the woman will be totally exempted from capital gains tax.
No amount will be gained by the woman
The amount that every house owner is exempted to gain is $250,000
The woman sold her house for $450,000
She purchased the house for $300,000
The gain can be calculated as follows;
$450,000-$300,000
= $150,000
This amount is less than $250,000 hence there is no gain
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Time Remaining 28 minutes 51 seconds00:28:51 Item 6 Time Remaining 28 minutes 51 seconds00:28:51 A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at the company. After receiving a verbal okay from the supervisors, he then proceeds to pass around a written form of the new policy and asks all members of the team to initial it. He explains to the supervisors that the new policy will be posted in the break rooms on each floor of corporate headquarters. If you were a part of this work team, which question would you ultimately ask yourself before initialing your approval of this policy?
Answer: How will it make me feel about myself?
Explanation:
The options to the question include:
A. Is it legal?
B. Is it balanced?
C. How will it make me feel about myself?
D. Is it a lose-lose situation?
If I were a part of this work team, the question that I would ask myself before initialing the approval of this policy is that "how will this make me feel about myself?"
In this case, I'll need to know the impact of the policy and his I could be affected by it if I initial it and how I'll eventually feel about it.
What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order
Answer:
B. requisition
Explanation:
i have done this before, hope i helped
Which phrase best describes the purpose of a slide master? Check all that apply.
A. to determine the layout for each individual slide in a presentation
B. to allow users to give each slide in a presentation a unique look and feel
C. to establish the layout of all slides, or a group of slides, in a presentation
D. to determine the theme of all slides, or a group of slides, in a presentation
E. to set the thematic characteristics of each individual slide in a presentation
F. to allow users to apply changes in layout or theme to an entire presentation
Answer: to establish the layout of all slides, or a group of slides, in a presentation.
to determine the theme of all slides, or a group of slides, in a presentation.
to allow users to apply changes in layout or theme to an entire presentation.
Explanation:
It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.
The phrase best describes the purpose of a slide master include:
• to establish the layout of all slides, or a group of slides, in a presentation.
• to determine the theme of all slides, or a group of slides, in a presentation.
• to allow users to apply changes in layout or theme to an entire presentation.
Therefore, the correct options are C, D and F.
Answer:
C
D
F
Explanation:
edge
The marginal cost curve: (1pts) Question 14 - The marginal cost curve: Select d) Is always constant as your answer d) Is always constant Select b) Is equal to the average variable cost curve as your answer b) Is equal to the average variable cost curve Select a) Declines initially as output increases and rises with further increases in output as your answer a) Declines initially as output increases and rises with further increases in output Select c) Rises initially as output increases and declines with further increases in output as your answer c) Rises initially as output increases and declines with further increases in output
Answer:
a) Declines initially as output increases and rises with further increases in output
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
On a related note, marginal cost curve is the change in total cost (TC) divided by a change in quantity of output.
The marginal cost curve declines initially as output of a business firm increases and rises with further increases in output.
An attorney participated in a program sponsored by a nonprofit association to provide representation at no cost to low-income individuals involved in tax disputes with the Internal Revenue Service (IRS). The attorney, who initially lacked the expertise necessary to properly represent such individuals, attended classes sponsored by an organization through which she gained sufficient knowledge of the tax law to competently represent such individuals. After satisfactorily representing several individuals referred to the attorney by the organization, the attorney learned from a friend about a store clerk with limited means who was involved in a dispute with the IRS regarding a previously claimed earned income tax credit. The attorney made a phone call to the store clerk, with whom she had had no previous contact either professionally or personally, and offered to represent the store clerk without charge in her tax dispute with the IRS. Was the attorney subject to discipline for making the phone call
No, the attorney is not subject to discipline.
Within legal parlance, when a person becomes subject to discipline, it means that he or she has been found guilty of breaking the rules, guidelines, or regulations of the profession and could be punished or disciplined as a result.
In the question above, the attorney had not only attended classes/training required to enable them to provide legal representation to clients who have dispute issues with the Internal Revenue Service (IRS) but had also satisfactorily represented such clients.
In other words, he holds both the foundational training in law, the specialist training in IRS matters, and the experience required to represent the store clerk.
It is also constitutional for the state to provide pro-bono legal representation to those who could not afford it.
The attorney, therefore, was not subject to discipline.
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Purge Purifying Systems, which manufactures filtration systems for industries, has entered into a U. S. $50 million deal with Fabon Fabrics Incorporated During a negotiating session, Alex, a member of the sales team reacted, "Who are you trying to kid? You need our company's filtration systems to maintain your product quality. You have to pay an extra $20 per system and just cut costs somewhere else." Monroe, the team leader of the sales team interrupted him and said, "Now wait a minute. These are our friends you are talking to. How about we only charge $10 extra per system and split the shipping charges equally? Does that not sound fair?" Identify the win-lose strategy adopted by the sales team of Purge Purifying Systems.
Answer: good guy-bad guy routine
Explanation:
The win-lose strategy that is adopted by the sales team of Purge Purifying Systems is the Good Guy/Bad Guy technique.
The Good Guy-Bad Guy routine refers to a strategy whereby while one person pretends to be on the side of the customer and helps make a deal, the other one doesn't and makes negotiation difficult. The idea behind this is for the prospect or the customer to accept the deal of the good guy. This is the strategy used by Alex and Monroe.
A developer purchased two 135-front-foot lots for $22,900 net each and divided them into three lots of equal front footage. The developer sold the lots for $230 per front foot. Calculate the developer's percentage of profit (round to the nearest whole percentage point).
Conducting a postaudit ______. Multiple select question. provides an opportunity to reinforce and possibly expand successful projects flags any manager's attempts to inflate benefits or downplay costs in a project proposal determines which capital project should be selected for investment provides an opportunity to cut losses on floundering projects
Answer:
not sure but we all need points
Answer:
Flags any manager's attempts to inflate benefits or downplay costs in a project proposal.
Provides an opportunity to cut losses on floundering projects.
Provided an opportunity to reinforce and possibly expand successful projects.
Explanation:
An unlevered firm has a cost of capital of 12.46 percent and a tax rate of 35 percent. The firm is considering a new capital structure with 35 percent debt. The interest rate on the debt would be 6.68 percent. What would be the firm's levered cost of
Answer:
Firm's levered cost of capital = 14.48% (Approx.)
Explanation:
Given:
Cost of capital = 12.46 percent = 0.1246
Tax rate = 35 percent = 35%
New capital structure = 35 percent debt = 35%
Interest rate = 6.68 percent = 0.0668
Find:
Firm's levered cost of capital
Computation:
Firm's levered cost of capital = 0.1246 + [35% / (1 - 35%)](1 - 35%)(0.1246 - 0.0668)
Firm's levered cost of capital = 0.1448
Firm's levered cost of capital = 14.48% (Approx.)
Explain in each of the following situations how market forces might give a business an incentive to act in a less discriminatory fashion. A local flower delivery business run by a bigoted White owner notices that many of its local customers are Black. An assembly line has traditionally only hired men, but it is having a hard time hiring sufficiently qualified workers. A biased owner of a firm that provides home health care services would like to pay lower wages to Hispanic workers than to other employees.
''if there are diminishing returns, the marginal cost curve must be positively sloped '' is true or fall, why?
Answer to the following question is TRUE.
The given statement "If average cost rises, marginal cost should rise" is correct.
This is because, according to theory, as the estimated price of an item rises, the marginal cost rises more than that rise. And, as the illustration of these two curves shows, when Average Cost grows, so does Marginal Cost.Learn more:
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MC Qu. 05 Within the marketing concept, a service... Within the marketing concept, a service orientation is an integrated organizational effort that revolves around Multiple Choice finding out what consumers want and providing it for them. making goods and services that will earn the most profit. training employees to sell services in unique ways. making sure customers are satisfied.
Answer:
making sure customers are satisfied.
Explanation:
A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements. Thus, it is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.
Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.
On a related note, it typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Within the marketing concept, a service orientation is an integrated organizational effort that revolves around making sure customers are satisfied.
Large projects that have long time horizons and a very high complexity can be referred to as Multiple Choice white elephants. mega projects or white elephants. None of these alternatives is correct. mega projects. high risk.
Answer:
Both Mega Projects and White Elephants.
HELP IN BUSINESSS!!!! An economy produces two goods, x and y. A year ago the price of x was $4 and the price of y was $6. Today the price of x is $8 and the price of y is $10. What happened to the nominal and the real value of good x? What happened to the nominal and real value of good y?
Answer:
Since an economy produces two goods, X and Y, already a year ago the price of X was $ 4 and the price of Y was $ 6, while today the price of X is $ 8 and the price of Y is $ 10, what happened did not it is something other than an inflationary process, by which the values of goods have increased their value, both nominal and real, that is, both in monetary terms and in terms of the purchasing power of the individuals who develop in said economy.
Thus, good X went from being worth $ 4 to $ 8, which implies a change in nominal terms of $ 4, and in real terms an inflation of 100% year-on-year (8 x 100/4 - 100).
On the other hand, good Y went from being worth $ 6 to $ 10, with which nominally it also increased $ 4, but in real terms there was an inflation of 66.6% (10 x 100/6 - 100).
Economic profit is defined as _____ Question 17 options: a) total revenue plus what must be paid to resources to attract them from their best alternative use. b) total revenue divided by what must be paid to resources to attract them from their best alternative use. c) the price of the goods sold minus the quantity of goods sold. d) total revenue minus what must be paid to resources to attract them from their best alternative use. e) total revenue minus the cost of the goods produced.
Answer:
d) total revenue minus what must be paid to resources to attract them from their best alternative use.
Explanation:
In Financial accounting, the total operating income can be defined as the sum total of the profit of a business firm (company) after its regular, recurring costs and expenses have been deducted. Thus, it's the amount of revenue generated by a business firm (company) after subtracting all operating expenses and cost of goods sold (COGS).
Mathematically, the total operating income of a business is calculated by subtracting the indirect expenses incurred by the business firm from its total direct operating margin.
On a related note, profit is calculated by subtracting the cost price of an item from the selling price of the item. Thus, a profit is generated when the operating costs are subtracted from the total revenue generated.
In conclusion, economic profit is defined as total revenue minus what must be paid to resources to attract them from their best alternative use.
Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the
Answer:
consistency corporate culture.
Explanation:
Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future
Give four future of labour
MARK "BRIANLIEST!"
1. Government. Government holds much sway over the free markets. ...
2. International Transactions. The flow of funds between countries effects the strength of a country's economy and its currency.
3. Speculation and Expectation.
4. Supply and Demand.
MARK "BRIANLIEST!"
Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be: an increase in American imports, and a decrease in American exports. an decrease in American imports, and an increase in American exports. an increase in both American imports and exports. a decrease in both American imports and exports.
Answer:
a decrease in both American imports and exports.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.
A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.
A tariff increase usually reduce the nation's dependence on imports.
Hence, if tariffs are increased, the long-run effect is most likely to be a decrease in both American imports and exports.
Consider Luis's decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Luis's cost of going to college is
Answer:
$42,600
Explanation:
The computation of the cost of going to college is given below:
the total cost when he goes to college he spends
21,000 on tuition
11,000 on room and board
1,800 on books
So, the total should be $33,800
Now in the case when he does not go to college
So,
he will earn 16,000 working in a store
and spend 7,200 on room and board
So, the saving amount should be
= 16,000 - 7,200
= $8,800
Now the cost should be
= 33,800+8,800
= $42,600
What are the roles of agriculture is to maximize the production in the agricultural sector ?
Agricultural modernization prepares conditions for industrialization by boosting labor productivity, increasing agricultural surplus to accumulate capital, and increasing foreign exchange via exports. ... As agriculture becomes more productive, excess labor moves from rural farm jobs to urban manufacturing jobs.
what is business ? please tell us
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation:
describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Answer:
I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.
One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth
