Answer:
Chronological
Explanation:
For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.
1. Transactions
2. Journal entries
3. ledger posting
4. Trial balance
5. Worksheet
6. Journal entries i.e. adjusted
7. Financial statements
8. Books closing
So it would be chronological
Why do company manager-owners smile when they ring the stock exchange bell at their ipo?A. An IPO's price goes up on the first day, generating guaranteed returns for investors. B. Manager-owners are freed of the burden of managing their company. C. An IPO reveals the value of the manager-owners' stake. D. Manager-owners receive their first stake in the company at an IPO.
Answer:
The correct option is C. An IPO reveals the value of the manager-owners' stake
Explanation:
The reason company manager-owners smile whenever they ring the stock exchange bell at their ipo which full meaning is INITIAL PUBLIC OFFERING is that it will show them the value of their owners stake which is the percentage of the value of the stock the manager own .
OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in 1 year. The T-bill rate is 6% per year. a. If Brandex stock now sells at $120 per share, what should the futures price be
Answer: $127.20
Explanation:
Based on the scenario in the question, if Brandex stock now sells at $120 per share, the futures price would be:
T-bil rate = 6%
Stock Price = $120
Future price = $120 × (1 + 6%)
= $120 × (1 + 0.06)
= $120 × 1.06
= $127.20
How many jobs do retail sales support in the United States?
O 4 million
O 24 million
O 42 million
O 240 million
Answer:
Hey mate here's your answer ⤵️
42 million jobsThe retail sector continues to grow. Total retail sales (including motor vehicle and parts sealers) from 1 million retail establishments in the United States surpassed $5 trillion in 2017. The U.S. retail industry directly employs about 29 million people and supports more than 42 million jobs.
Hope it was helpfulllThe retail sales sector support 42 million jobs in the United States. Thus, the correct answer is option C.
What is retail sales?Retail sales are the sales of consumer goods, or final goods, by businesses to end users, and include both in-store and online sales. Products can be either durable (with a long expected shelf life) or perishable (such as groceries). Consumer goods include things like food, clothing, and furniture.
The retail industry is expanding. Total retail sales (including motor vehicle and parts sealers) from the United States 1 million retail establishments surpassed $5 trillion in 2017. The retail industry in the United States directly employs approximately 29 million people and supports over 42 million jobs.
Therefore, option C is correct.
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Given the following information, calculate the debt yield ratio on the following commercial property: estimated net operating income in the first year: $2,500,000; debt service in the first year: $960,000; loan amount: $20,000,000; purchase price: $27,300,000.
Answer:
12.5%
Explanation:
Debt yield ratio = Net operating income / Loan amount
Debt yield ratio = $2,500,000 / $20,000,000
Debt yield ratio = 0.125
Debt yield ratio = 12.5%
Thus, the debt yield ratio on the commercial property is 12.5%
Harvey and Quick have decided to form a partnership. Harvey is going to contribute a depreciable asset to the partnership as his equity contribution to the partnership. The following information regarding the asset to be contributed by Harvey is available:
Historical cost of the asset $76,000
Accumulated depreciation on the asset $40,000
Note payable secured by the asset $18,000
Agreed upon market value of the asset
will be assumed by the partnership $45,000
Based on this information. Harvey's beginning equity balance in the partnership will be:______.
a. $76,000.
b. $36,000.
c. $18,000.
d. $27,000.
e. $45,000.
Answer:
d. $27,000.
Explanation:
In the context, it is given that Harley and Quick wants to form a partnership. For this, Harley contributes his depreciable asset as an equity contribution in the partnership.
The amount of market value of the asset that would be assumed by this partnership is = $45,000
The amount of note payable that is secured by the asset or the debt assumed = $18,000
Therefore, the equity balance in the partnership = market value of asset - the debt assumed by the partnership
= 45,000 - 18, 000
= 27,000
Hence, the equity balance is $ 27,000 in the partnership.
Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receivable at the beginning of the year was $114000 and at the end of the year was $152000. What was the accounts receivable turnover?
A. 10.20
B. 5.00
C. 8.20
D. 6.90
Answer:
8.2 times
Explanation:
The first step is to calculate the average receivable
= $114,000+$152,000/2
= $266,000/2
= $133,000
Therefore the accounts receivables turn over can be calculated as follows
= net sales / average receivable
= $1,090,000/$133,000
= 8.2 times
Hence the account receivable turnover is 8.2 times
I found this off the internet: Government security agencies like the NSA can also have access to your devices through built-in back doors. This means that these security agencies can tune in to your phone calls, read your messages, capture pictures of you, stream videos of you, read your emails, steal your files … whenever they please
Answer:
Well isn't that just great. Well my family is crazy and there is always something going on. I bet we must be pretty fun to watch. XD. I can't imagine what the government thinks about my fam. And we are always joking about murder and stuff. I am prolly on some watch list for the crazy people.
Explanation:
My fam is just a bunch of funny crazy people.
The Federal Reserve mandates that banks must keep a certain percentage of money on hand at particular times. What is this referred to as?a. Reserve requirementb. Mandated moneyc. M1d. Ratio of reservatione. M3
Answer:
a. Reserve requirement
Explanation:
As we know that the bank must hold the money percentage of the deposits made in cash as per the federal reserve so the same we called as a reserve requirement.
It is mandatory to keep the specific percentage for particular times
Therefore as per the given situation, the option a is correct
And, all the other options are incorrect
The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a:
Answer:
Preemptive right
Explanation:
The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a Preemptive right. A preemptive right grants right to existing shareholders to buy some proportion of new shares at a price lower than market price
Eric is a proponent of the Michigan Studies on leadership. He is very attentive to the needs of his employees and helps them build successful work teams. Eric is displaying _____-centered behavior.
Answer:
employee
Explanation:
The Michigan Studies on leadership was a study done on leadership in the 1950s at the University of Michigan.
The Michigan Studies on leadership identified two types of leadership behaviour. They are :
1. Employee Centred behaviour : focuses on the employee and their needs.
2. The production centred behaviour : focuses on the production process and views employees as a means to achieve production.
Research shows that the employee centred behaviour is the most effective leadership style
Mark this question Brian discussing the financial position of his company with Mike, who is interested in acquiring Brian's company, is an example of which of the following? A. Managerial accounting B. Investment accounting C. Financial accounting D. External accounting
Answer:
B. Investment accounting
Explanation:
Investment accounting focuses on the management of assets of the business. this also includes valuations when considering a sell, a merger or acquisition of the business.
In this question, Mark wants to acquire Brian's company so he is making an investment decision.
The given situation represent the Financial Accounting
The following information should be considered;
Financial accounting means the process of identifying, classifying, recording, summarizing, analyzing & reporting the financial information of an entity to all the stakeholders of the company.So, in the given situation, it is the financial accounting example.
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Marigold Corp. constructed a building at a cost of $13600000. Weighted-average accumulated expenditures were $5700000, actual interest was $560000, and avoidable interest was $280000. If the salvage value is $1110000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is $326250. $319250. $347000. $461750.
Answer:
$121,750
Explanation:
Cost of the building = 13600000
Average accumulated expenses = 5700000
Actual interest = 560000
Avoidable interest = 280000
Salvage value = 1110000
Life in years = 40 years
Depreciation expenses for 1st full year = {(Average accumulated expenses + Avoidable interest) - Salvage value} / Life in years
Depreciation expenses for 1st full year = (5700000 + 280000 - 1110000) / 40
Depreciation expenses for 1st full year = 4870000 / 40 years
Depreciation expenses for 1st full year = $121,750
At her death Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship. Serena contributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000. What amount, if any, is included in Serena's gross estate?
Answer: $105000
Explanation:
From the question, we are informed that Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship when she died and that she contributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000.
The amount, that will be included in Serena's gross estate will be:
= $210,000 × 50%
= $210000 × 0.5
= $105,000
It should be noted that only 50% will be included since she owes the property with her spouse in joint tenancy.
Satellite Systems modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures:
Basic research to develop the technology $3,900,000
Engineering design work 1,180,000
Development of a prototype device 590,000
Testing and modification of the prototype 390,000
Legal fees for patent application 79,000
Legal fees for successful defense of the new patent 39,000
Total $6,178,000
During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the patent. Management contends that the device represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.
4. value:
1.92 points
Required information
Required:
1. Determine the amount Satellite Systems should capitalize to the Patent account in the balance sheet.
5. value:
1.92 points
Required information
2. Determine the amount Satellite Systems should report as research and development expense in the income statement.
Answer: See explanation
Explanation:
a. Determine the amount Satellite Systems should capitalize to the Patent account in the balance sheet.
This would be:
Legal fees for application of patent = $79,000
Add: Legal fees for successful defense of new patent = $39000
Total cost = $79000 + $39000 = $118,00
b. Determine the amount Satellite Systems should report as research and development expense in the income statement.
This would be:
Basic research in developing technology = $3,900,000
Add: Engineering design work = $1,180,000
Add: Development of prototype device = $590,000
Add: Testing and modification of prototype = $390,000
Total = $6,060,000
A task has an optimistic completion time of 4 days, a most likely time of 10 days, and a pessimistic time of 13 days. The expected task duration is:
Answer: 9.5 days
Explanation:
The following can be deduced from the question:
Optimistic Time (To) = 4 days
Most likely Time (Tm) = 10 days
Pessimistic Time (Tp) = 13 days
Expected Task Duration (Te) will then be calculated as:
= (To + 4Tm + Tp) / 6
= (4 + 4×10 + 13) / 6
= (4 + 40 + 13)/6
= 57 / 6
= 9.5 days
To record estimated uncollectible accounts using the allowance method, the adjusting entry would be a
Answer:
Bad debt expense
To Allowance for doubtful accounts
(Being the bad debt expense is recorded)
Explanation:
The adjusting entry using the allowance method for recording the predicted uncollectible account is as follows:
Bad debt expense
To Allowance for doubtful accounts
(Being the bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the allowance for doubtful account as it decreased the assets
Therefore the above represent the bad debt expense
A seller can create value in a customer relationship by nurturing the customer's trust and developing it into____.
Answer:
Loyalty.
Explanation:
This is seen in different forms in a human being. In an organisational or marketing setting, it is seen to be dicey and do not come by easily; as the quality of the commodity play also key role in getting a customer's loyalty. Such customers are seen to have good raport as good interaction principles and techniques have been used in getting a marketing approach that seem to have made them happy. This form of relationship can be seen to go beyond buying and selling as the customer can be seen to shower or receive other forms of kindness in the process.
If the dividend yield for year 1 is expected to be 5% based on a stock price of $25, what will the year 4 dividend be if dividends grow annually at a constant rate of 6%
Answer:
$1.33
Explanation:
Calculation for what will the year 4 dividend be
Using this formula
Year 4 dividend=[(Expected dividend yield×Stock price)×(1+Constant rate )]
Let plug in the formula
Year 4 dividend = [(.05 × $25) × (1+0.06)]
Year 4 dividend=(.05 × $25) × 1.06
Year 4 dividend=1.25×1.06
Year 4 dividend= $1.33
Therefore what will the year 4 dividend be if dividends grow annually at a constant rate of 6% is $1.33
Rabid Manufacturing Company has the following data:
Direct labor $145,000
Direct materials used 151,000
Total manufacturing overhead 208,000
Beginning work in process 26,000
Compute total manufacturing costs.
Total manufacturing costs $_________
Compute total cost of work in process.
Total cost of work in process $__________
Answer:
Total manufacturing costs $504,000
Total cost of work in process $530,000
Explanation:
Calculation for Total manufacturing costs
Direct labor $145,000
Direct materials used 151,000
Total manufacturing overhead 208,000
Total manufacturing costs $504,000
Calculation for Total cost of work in process
Direct labor $145,000
Direct materials used 151,000
Total manufacturing overhead 208,000
Beginning work in process 26,000
Total cost of work in process $530,000
Therefore Total manufacturing costs is $504,000 and Total cost of work in process is $530,000
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End of Semester Test:
ПВА
6
Select the correct answer.
Stears Corp. paid interest on loan of $3,500 by check. What will the entry in the journal of the company be?
OA. Interest on Loan account (debit) Cash in Bank account (credit)
ОВ. .
Cash in Bank account (debit) Interest on Loan account (credit)
Ос. .
Interest on Loan account (debit) Loan account (credit)
OD.
Loan account (debit) Interest on Loan account (credit)
OE.
Loan account (debit) Cash in Bank account (credit)
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Answer:
Explanation:
the awners is b because it shows understaing of what people do
A small co ffee company roasts coff ee beans in its shop. The unroasted beans cost the com- pany 200 cents per pound. The MARGINAL cost of roasting coff ee beans is 150 - 10q + q^2 cents per pound when q pounds are roasted. The smell of roasting beans imposes costs on the company's neighbors. The total amount that neighbors would be willing to pay to have the shop stop roasting altogether is 5q^2; where q is the number of pounds being roasted. The company sells its output in a competitive market at 450 cents per pound. What is the socially efficient amount of co ffee for the company to roast?
Answer:
q = 10 pounds = socially efficient amount of coffee for the company to roast.
Explanation:
Data Given:
Cost of Unroasted beans = 200 cents/pound.
Marginal Cost of roasting coffee beans = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150
Cost neighbors willing to pay to stop shop operations = 5[tex]q^{2}[/tex]
Output selling price = 450 cents/pound
Required:
Amount of coffee to roast = ?
Solution:
As we know from the problem statement that it costs the company 200 cents/pound for the procurement of raw beans which are here termed as unroasted beans. Let's say it is the marginal cost of procuring.
Moreover, we know that marginal cost of roasted beans = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150.
which is in the form of quadratic equation and will be solved for q to know the required answer.
Let's suppose X = marginal cost of unroasted beans.
Y = marginal cost of roasted beans.
MPC = Marginal Private cost
In order to calculate the marginal private cost, we need to add X+Y.
MPC = 200 + [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 150
MPC = [tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 350
Now,
The total social cost which the neighbors are willing to pay = 5[tex]q^{2}[/tex]
In order to calculate marginal social cost, we need to differentiate the above equation.
MSC = d/dq5[tex]q^{2}[/tex] = 10q
Finally,
Marginal Benefit = 450 cents/pound
For socially efficient amount = q =
MPC + MSC = Marginal Benefit
[tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 350 + 10[tex]q^{}[/tex] = 450
[tex]q^{2}[/tex]-10[tex]q^{}[/tex] + 10[tex]q^{}[/tex] = 450-350
Solving for q,
[tex]q^{2}[/tex] = 100
taking square root on both sides,
q = +/-10.
Hence,
q = 10 pounds = socially efficient amount of coffee for the company to roast.
Doing business in the financial markets most fundamentally presupposes that _______ will be respected.
Answer:
Ideas
Explanation:
While doing the business in the financial market the fundamental thing that prior supposed is that of ideas which could be respected
With the ideas of an individual, the individual could accomplish their targets and if there is no ideas than it is impossible to accomplish their goals and objectives
Therefore the ideas would be the answer
What is one way investment consultants protect their clients’ money during periodic performance reviews?
Answer:
Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors
Explanation:
because it is
In a bid to ensure that money is adequately channeled and client's finances are safe, investment consultant analyses the stocks and portfolio's in other to ensure they are based on the advise offered and agreed upon.
The investment consultant offers expert advise on profitable stocks and portfolio's which could be invested in. The portfolio manager handles and monitors client's investment and finances. Hence, the investment consultant and portfolio manager work hand in hand in other to ensure that the right stock is chosen and invested in.Therefore, investment consultant ensures that portfolio managers do not deviate from the agreement made.
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Determine the price in period 1 (the future) if 30 units of oil are consumed in period 0 (the present).
Answer:
$16.50
Explanation:
Note: The complete question is attached as picture below
We know that there is a total of 90 units of oil and 30 units is consumed in period 0.
So, in period 1, the consumption amount will be = 90-30=60 units.
So, Q1 = 192 - 8P
For 60 units, the price will be 60 = 192 - 8P
8P = 192 - 60
8P = 132
P = 132 / 8
P = 16.5
So, the price in period 1 is $16.50
DVC stock has a required return of 25%. The expected market return is 15% and the risk-free rate is 5%. What is the beta of the DVC stock
Answer:
2
Explanation:
As per CAPM, Required Return = Risk Free rate + (Market Return - Risk Free Rate ) * Beta
25% = 5% + (15%-5%)*Beta
25% = 5%+10%*Beta
25% - 5% = 10%*Beta
Beta = (25%-5%)/10%
Beta = 20% / 10%
Beta = 2
Thus, the beta of the DVC stock is 2
You want to send your alumni association $17 per month for a swimming scholarship. If your deposit earns 3.0% annual interest, compounded monthly, how much should be deposited one time?
Answer:
The amount to be deposited one time is $6,800.
Explanation:
This can be calculated using the following formula:
M = D * r ..................... (1)
M = Monthly amount to be sending to the alumni association = $17
D = Amount to be deposited one time = ?
r = Monthly interest rate = Annual interest rate / 12 = 3.0% / 12 = 0.03 / 12 = 0.0025
Substituting the values into equation (1) and solve for D, we have:
$17 = D * 0.0025
D = $17 / 0.0025
D = $6,800
Therefore, the amount to be deposited one time is $6,800.
A collaborative selling environment makes the sales pitch more challenging for salespeople.
O True
O False
Answer: True
Explanation:
Collaborative selling simply refers to a sales approach whereby both the buyer and seller collaborate that is, work together in order to get a convenient and suitable purchase.
It should be noted that a collaborative selling environment makes the sales pitch more challenging for salespeople. Therefore, the answer is true.
Segment management is best suited for: _____________
a. small-to-medium businesses
b. large businesses
c. businesses who already identify customers individually and differentiate them by value
d. businesses who do not yet identify or differentiate their customers individually
e. a, b, and c
f. a, b, and d
Answer:
Segment management is best suited for: _____________
d. businesses who do not yet identify or differentiate their customers individually
Explanation:
Segment management is aimed at grouping customers according to their individual characteristics and value so that maximum benefits can be derived by the customers and the profitability of the company will be impacted positively in the long-term. A business that can identify customers individually and differentiate them by value is already doing segment management. It is the business that does not yet identify or differentiate their customers that should embrace segment management.
One unusual feature of the UCC is the so-called "battle of forms" concept, under which additional terms from the forms used by the merchants involved become part of their contract unless there is an objection on a timely basis. Read the attached opinion in J.W.S. Delavau, Inc. v. Eastern America Transport & Warehousing, Inc., which is from a Philadelphia case. What is your view of the decision that was reached by the court?
Answer:
The decision reached by the court was valid, in my view. Since the parties, Delavau, Inc. and Eastern Warehousing, Inc. had a valid contract in which they set out their understanding and agreement on the terms of their business relationship, the parties should follow the contract terms without distractions from pre-printed Form terms.
Having a formal contract is the only way to avoid the battle of forms.
Explanation:
The conflict involved a battle of conflicting forms. This battle of conflicting form, with different contract terms, occurred when Delavau, Inc. and Eastern Warehousing, Inc. exchanged contract terms, with Eastern's own small print terms on the reverse side its own receipts, which it wanted Delavau to comply with. That the court held that Delavau was not bound by Eastern's form terms was valid because their contract agreement specified the terms of their relationship, which cannot be negated by the form terms.
Typically, the average tax rate for a person is ________ his or her marginal tax rate, because the marginal tax rate applies to ________.
Answer:
1. below;
2. the last dollars taxed but not to all income
Explanation:
Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income
Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.