Answer: • You or your client can add apps to the client's account
• They must be available via the Apps screen in QuickBooks Online Accountant or apps.com
Explanation:
You didn't give the options to the questions but I got the options online. Quickbook refers to an accounting software package that is used by businesses to pay bills, accept payments, do payroll functions etc.
The correct statements regarding Intuit-approved QuickBooks Online apps include:
• You or your client can add apps to the client's account.
• They must be available via the Apps screen in QuickBooks Online Accountant or apps.com
Answer:
They must be developed by Intuit
The must be available via the Apps screen in QuickBooks Online Accountant or apps.com
Explanation:
QuickBooks Online.com
Scenario 1: Daniel derives utility from only two goods, cake () and donuts (). The marginal utility that Daniel receives from cake () and donuts () are given as follows: = = Daniel has an income of $240 and the price of cake () and donuts () are both $3. See Scenario 1. What is Daniel's income-consumption curve? A. = B. = I 3 C. = D. = E. All of the above
Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $2 par value, 80,000 shares authorized. During the first year, the following selected transactions were completed:a. Sold 50,000 shares of common stock for cash at $50 per share.b. Repurchased 2,000 shares from a stockholder for cash at $52 per share.
Answer:
1. Dr Cash $2,500,000
Cr Common stock $100,000
Cr Additional paid in capital $2,400,000
B. Dr Treasury stock $104,000
Cr Cash $104,000
Explanation:
Preparation of the journal entries
1. Dr Cash $2,500,000
(50,000 shares*$50 per share)
Cr Common stock $100,000
($2,500,000-$2,400,000)
Cr Additional paid in capital $2,400,000
[($50-$2)*50,000]
B. Dr Treasury stock $104,000
Cr Cash $104,000
(2,000*$52)
A homeowner desires to sell his or her home and signs an exclusive-listing agreement, requiring payment of a six percent commission to the real estate agent. If shortly thereafter, but before the agent has time to do anything to sell the property, the owner surprisingly finds a couple who purchases it for $400,000, the homeowner:________
a. must pay a commission of $12,000, but is entitled to retain the other half because he or she found the buyer.
b. must pay a commission of $24,000 to the listing agent.
c. is not obligated to pay a commission.
d. is not obligated to pay a commission, unless the agent has placed the listing in the local multiple-listing service.
Answer: B. must pay a commission of $24,000 to the listing agent.
Explanation:
An exclusive listing agreement is a contractual agreement whereby a listing broker acts as the agent and in this case, the seller will pay a commission to the listing broker.
Since the homeowner has already signed an exclusive-listing agreement, which requires payment of 6% commission to the real estate agent but later finds a couple who purchases it for $400,000. In this case, the homeowner must still funlfil the terms of the contact and pay the listing agent the percentage that was agreed as commission and this will be:
= 6% × $400000.
= $24000
Therefore, $24000 must be paid to the listing agent.
Write a Story for Kumquat
4. A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beginning of the year
Answer:
$6.59
Explanation:
Calculation to determine What was the price of the stock at the beginning of the year
Using this formula
Price of stock=Price value =Selling price (1/1+I)^n
Let plug in the formula
Price of stock=$6.99(1/1+6%)^n
Price of stock=6.99/1.06
Price of stock=$6.59
Therefore the price of the stock at the beginning of the year is $6.59
Koshka produces corn chips. The cost of one batch is below: Direct materials $18.00 Direct labor 13.00 Variable overhead 11.00 Fixed overhead 14.00 An outside supplier has offered to produce the corn chips for $25 per batch. How much will Koshka save if it accepts the make or buy offer
Answer:
Koshka
If Koshka accepts the make or buy offer, it will save $17 per batch.
Explanation:
a) Data and Calculations:
Cost of making corn chips per batch:
Direct materials $18.00
Direct labor 13.00
Variable overhead 11.00
Fixed overhead 14.00
Total costs $56.00
Relevant costs of making the corn chips batch in-house:
Direct materials $18.00
Direct labor 13.00
Variable overhead 11.00
Total variable costs $42.00
Relevant cost of buying from the outside supplier per batch = $25
Savings = $17 ($42 - $25)
b) Fixed overhead is not a relevant cost because it will still be incurred whether Koshka makes or buys the corn chips batch. The relevant costs are the costs that will change as a result of the choice made.
Where are produce orders placed?
Answer:
in order room actually I think in the paying room
Answer:
Produce order are placed inVegetable Store.....1. Differentiate barometric price leadership and dominant price leadership.
Answer: See explanation
Explanation:
Price leadership is when a leading firm that is in a particular industry has enough influence such that it can determine the price of the goods in the market. There are three main models of price leadership which are the barometric price leadership, collusive price leadership and the dominant price leadership.
Barometric price leadership is when the price leader acts as the barometer of the prevailing market conditions for the other firms that are in the industry. In such case, when a company sets the price of the products, the other companies do the same.
The dominant price leadership model occurs when a firm has the large amount of market share in the industry.
The following data were accumulated for use in reconciling the bank account of Kaycee Sisters Inc. for August 20Y9:
a. Cash balance according to the company's records at August 31, $27,060.
b. Cash balance according to the bank statement at August 31, $28,460.
c. Checks outstanding, $5,490.
d. Deposit in transit, not recorded by bank, $4,410.
e. A check for $480 in payment of an account was erroneously recorded by Kaycee Sisters Inc. as $840.
f. Bank debit memo for service charges, $40
Required:
Record the effects on the accounts and financial statements of the company based upon the information above.
Answer:
Cash account reconciliation
Balance: $27,060
- Bank charges: ($40)
+ Error in recording check: $360
Reconciled cash account: $27,380
Bank account reconciliation:
Balance: $28,460
+ Deposit in transit: $4,410
- Checks outstasnding: ($5,490)
Reconciled bank account: $27,380
O levantamento de informações detalhadas dos processos é uma atividade que auxilia na
compreensão do negócio, assim como permite identificar atividades que, por vezes, podem
passar despercebidas na aplicação de outras técnicas.
Nesse contexto, imagine que você é o analista de negócios de uma organização que atua com
reciclagem de materiais sólidos. Essa organização possui diversos processos, dos quais
podemos destacar o recebimento do material, a separação por categorias e o encaminhamento
do material separado aos distribuidores.
Inicio
Receber
Material
Separar
material
Encaminhar
material separado
Fim
Dessa forma, você, como analista de negócios dessa organização, decidiu utilizar a técnica de
observação pessoal para realizar o levantamento detalhado desses processos.
Considerando as características da técnica de observação pessoal, descreva as atividades
que você executará para observar um desses processos, destacando as ações que
devem ser realizadas para a correta aplicação da técnica.
Name the device that are to measure volume of a liquid
Suppose you pay $50 to enter into a raffle with $1,000 prize. If you have a 3% chance of winning comma the expected value of your ticket is________.
Answer:
$-20
Explanation:
Calculation to determine the expected value of your ticket
Using this formula
Expected Value =∑ payoff *Probability
Let plug in the formula
Expected value of ticket =950 ∗.03+(−50) ∗(100%-3%)
Expected value of ticket =950 ∗.03+(−50) ∗.97
Expected value of ticket=−20.
Therefore the expected value of your ticket is $-20
The expected value of your ticket is -$20.
What is the expected value?The expected value is the summation of the multiplication of some random values with their probabilities of occurring.
The expected value estimates the chance that a favorable outcome will result.
Note that the cost of entering the raffle must be incurred whether the prize is won or not.
Data and Calculations:Cost for raffle = $50
Prize for raffle = $1,000
Probability of winning = 3%
Probability of losing = 97% (100% - 3%)
Expected value of winning = -$20 ($1,000 x 3% -$50)
Thus, the expected value of your ticket is -$20.
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General Products writes checks that average $26,000 daily. These checks take an average of 6 days to clear. It receives payments that average $28,000 daily. It takes 3 days before these checks are available to the firm. What would be the annual savings if General Products could obtain access to the payments it receives within 2 days
Answer: $1,680
Explanation:
It currently takes 3 days for checks to be available to the firm. If these payments could be available in 2 days then that would mean that they get access to $28,000 a day earlier than normal.
To calculate the annual savings, we shall assume an interest rate of 6% as one is not included.
Annual savings = Interest rate * Average payment
= 6% * 28,000
= $1,680
As environmental uncertainties increase, managers must develop techniques and methods for collecting, sorting through, and interpreting information about the environment. Discuss four of these methods, explaining when and why each would be used.
Answer:
Environmental responsibility is essential for companies to remain competitive in the long term, as society increasingly demands that organizations be agents of change in society and contribute to its development.
Therefore, there are several methods for an organization to be environmentally responsible, planning is necessary for the company to understand its micro and macro environment and how to contribute to the reduction of environmental impacts. Through environmental management, a company is able to plan actions that make it more sustainable, it is therefore necessary to use questionnaires, interviews, observation and reports, so that the actions developed are aligned with the environmental purposes of the company and the community where it operates.
Environmental management helps companies achieve total quality, as it reduces waste, improves job satisfaction, creates value for stakeholders and makes the company more positioned in the market.
If the Marifield Steel Fabrication Company earned $ 500 comma 000 in net income and paid a cash dividend of $ 300 comma 000 to its stockholders, what are the firm's earnings per share if the firm has 100 comma 000 shares of stock outstanding?
Answer:
$5
Explanation:
Earnings per share is the total profit earned by a firm divided by the number of outstanding shares
Earnings per share = earnings / total outstanding shares
$500,000 / 100,000 = $5
Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers.
a. wooden no. 2 pencils
b. copper
c. local telephone service
d. peanut butter
e. lipstick
_____ is a broad area that encompasses such things as brochures, signs, logos, television advertisements, newspaper advertisements, sales techniques, and internal business design
Answer:
Market support
Explanation:
Market support is defines as all promotional materials and efforts that are geared towards efficient distribution and sales of products.
It involves use of materials such as brochures, signs, logos, television advertisements, newspaper advertisements, sales techniques, and internal business design to reach the target customer.
After the producer manufacturers goods he needs marketing support to trade his product to the consumer
Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand is constantly experiencing low sales for last six months. Being the brand manager you are given a task of carrying out the research to identify the problem. Explain in detail (step-wise) the market research you will carry out to identify the cause. Also provide the plausible trends (outcomes) of the research. You may assume any detail (such as brand name, location, etc.) yourself that is not mentioned here and may be needed for solving the problem. However, mention those details in your solution.
Answer:
Following steps are followed to carry out research for declining sales,
Define the problem
List possible solution
Evaluate each alternative solution
Finalize the solution
Implement the solution
Measure results
Explanation:
Sales is very crucial element for any business. The declining sales at gents clothing brand has created a problem for business managers. The declining sales will results in many problems like, inventory obsolete issues, lesser profits, increase cost and similar. The main reason for declining sales could be change in fashion or trend. Gents clothing is very much impacted by celebrities. If some popular celebrity has changed its way of dressing the impact can be observed in entire fashion industry.
Suppose Dansko Integrated has the following results related to cash flows for 2020:
Net Income of $6,800,000
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable of $800,000
Depreciation of $1,600,000
Increase in Inventory of $300,000
Other Adjustments from Operating Activities of $400,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands.
Required:
What is the Net Cash Flow from Operating Activities?
The Net Cash Flow from Operating Activities is $9,500,000.
Net Operating ActivitiesNet Income $6,800,000
Adjustment:
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable $800,000
Depreciation of $1,600,000
Less Increase in Inventory ($300,000)
Other Adjustments from Operating Activities of $400,000
Net Cash Flow from Operating Activities $9,500,000
Therefore the Net Cash Flow from Operating Activities is $9,500,000.
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the beginning of the year, Vendors, Inc., had owners' equity of $50,630. During the year, net income was $6,850 and the company paid dividends of $4,630. The company also repurchased $8,930 in equity. What was the owners' equity account at the end of the year
Answer:
Owner's equity at the end = $43920
Explanation:
Given below is the informations:
Begining equity = $50630
Net income = $6850
Dividend paid = $4630
Repurchased = $8930
Below is the calculation for the owner's equity at the end.
Owner's equity at the end = Begining equity + Retained earning - Repurchased
Retained earning = 6850 - 4630 = 2220
Owner's equity at the end = 50630 + 2220 - 8930
Owner's equity at the end = $43920
How has McDonaldization become prevalent all over the world
Answer:
I broke my hip because mcdonlaodenon
Acoma Co. has identified one of its cost pools to be quality control and has assigned $125,000 to that pool. Number of inspections has been chosen as the cost driver for this pool; Acoma performs 25,000 inspections annually. Suppose Acoma manufactures two products that consume 10,000 (Product 1) and 15,000 (Product 2) inspections each. Assume that Acoma manufacturers only the two products mentioned and they consume 100 percent of the company’s quality inspections.
Required:
Using activity proportions, determine how much quality control cost will be assigned to each of Acoma’s product lines.
Answer:
Acoma Co.
Quality control cost assigned to each product line:
Product 1 Product 2
Overhead assigned $50,000 $75,000
Explanation:
a) Data and Calculations:
Estimated annual cost of quality control = $125,000
Estimated annual inspections = 25,000
Overhead rate per inspection = $5 ($125,000/25,000)
Product 1 Product 2
Inspections consumed 10,000 15,000
Overhead rate/inspection $5 $5
Overhead assigned $50,000 $75,000
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.9 percent indefinitely. The company just paid a dividend of $3.62 and you feel that the required return on the stock is 11.7 percent. What is the price per share of the company's stock
Answer:
$48.2
Explanation:
The increase in dividend is 3.9%
= 3.9/100
= 0.039
The recently paid dividend is $3.62
The required return is 11.7%
= 11.7/100
= 0.117
Therefore the price per share of the company stock can be calculated as follows
= 3.62(1+0.039)/0.117-0.039
= 3.62(1.039)/0.078
= 3.761/0.078
= 48.2
Hence the price per share is $48.2
Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answers c. A proxy for net income d. A proxy for operating income e. All of the listed answers
Answer:
b. None of the listed answers
Explanation:
EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.
Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.
Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure
How water utility company caters for their interests and what may happen if their expectations are not met.
Which of the following statements is most accurate? Multiple Choice In process costing, estimating the degree of completion of units is usually more accurate for conversion costs than for direct materials.
Answer:
C. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
Which of the following statements is most accurate?
A. In process costing, estimating the degree of completion of units is usually more accurate for conversion costs than for direct materials.
B. The FIFO method includes the cost of the beginning Work in Process inventory account in calculating cost per equivalent units.
C. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.
D. The FIFO method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period.
E. It is not possible for there to be a significant difference between the cost of completed units between the weighted average and the FIFO methods.
EXPLANATION
FIFO method which is known as
(First In, First Out) can be regarded as an asset-management as well as valuation method , this method follows a process whereby any assets that is first produced or acquired are the asset that are sold first or first disposed. For the purposes of tax, FIFO gives assumption that assets that has oldest costs are usually entered into cost of goods sold I.e (COGS) income statements. Fifo can be calculated by finding the cost of oldest inventory, then multiply it by the amount of inventory sold.
It should be noted that The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory
Suppose Siam Traders had the following cash flow results for 2020: Net Cash Flow from Operating Activities of $6,300,000 Net Cash Flow from Investing Activities of $600,000 Net Cash Flow from Financing Activities of $4,200,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow
Answer:
$11,100 thousands
Explanation:
The net cash flow, in this case, is the sum of all cash flows from the three sources, namely: operating activities, financing ,and investing activities as shown thus:
Particulars [Amounts in Thousands(000)]
Cash flow from Operating Activities
net cash flow from Operations - $6,300
Cash flow from Investing Activities
net cash flow from Investing - $600
Cash flow from Financing Activities
net cash flow from Financing - $4,200
Net cash flow of Siam Traders for the year 2020 $11,100
Expected Return American Eagle Outfitters (AEO) recently paid a $.42 dividend. The dividend is expected to grow at a 15.90 percent rate. At the current stock price of $24.47, what is the return shareholders are expecting?
Answer:
17.89%
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
24.47 = (0.42 x 1.1590) / (r - 0.1590)
24.47 x (r - 0.1590) = 0.487
(r - 0.1590) =0.01989
r = 0.1789 = 17.89%
Georgetown Retail Outlet provided the following financial information: Accounts Receivable balance as of 1/1/2017 $110,000 Accounts Receivable balance as of 12/31/2017 $120,000 Net Credit Sales for the year 2017 $839,500 Cost of Goods Sold for the year 2017 $486,910 Calculate Accounts Receivable Turnover.a. 7.30 days.b. 344.83 days.c. 01.06 days.d. 50.00 days.
Answer: 7.3 times
Explanation:
The Accounts Receivable Turnover Ratio is an activity ratio that shows how well a company collects the debts owed to it as well as how well it gives out credit.
It is calculated by the formula:
= Net Credit sales / Average Accounts Receivable
= 839,500 / ( (110,000 + 120,000) / 2)
= 839,500 / 115,000
= 7.3 times
A seller entered into a written contract to sell a tract of land to an investor. The contract made no mention of the quality of title to be conveyed. The seller and the investor completed the sale, and the seller delivered a warranty deed to the investor. Soon thereafter, the value of the land increased dramatically. The investor entered into a written contract to sell the land to a buyer. The contract between the investor and the buyer expressly provided that the investor would convey a marketable title. The buyer's attorney discovered that the title to the land was not marketable, and had not been marketable when the original seller conveyed to the investor. The buyer refused to complete the sale. The investor sued the original seller for breach of contract, claiming damages from the seller's failure to convey marketable title, which resulted in the investor's loss of the sale to the subsequent buyer. Who is likely to prevail on this count?
Answer: The original seller, because her contract obligations as to title merged into the deed
Explanation:
A Marketable title simply means a title which is free from any sort of threat of litigation or reasonable doubt. In a situation whereby a clear title of deed cannot be produced to a property, in a specific performance action, the prospective buyer might be expected to lose.
Based on the scenario explained, the original seller, will likely to prevail on this count because her contract obligations as to title merged into the deed.
homeworklib On January 1, 2024, an investor paid $311,000 for bonds with a face amount of $375,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)
Answer:
$37,500
Explanation:
Calculation to determine how much interest income is recognized by the investor in 2024
Using this formula
Interest income=Face amount *Current market rate of interest
Let plug in the formula
Interest income=$375,000*10%
Interest income=$37,500
Therefore how much interest income is recognized by the investor in 2024 is $37,500
