Answer:
b. it is expensive and requires a great deal of effort.
Explanation:
selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.
The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27,500 debit balance. The company’s May 31 bank statement shows $25,800 on deposit in the bank. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,600. May 31 cash receipts of $6,200 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.
Answer:
Please see solution below
Explanation:
Bank reconciliation as at June 31st.
•Bank statement balance
$25,800
Add:
Bank service charges
$100
NSF check
$600
Wrong drawn
$400
Total
$1,100
Adjusted bank balance
$26,900
Bank reconciliation as at June 31st.
•Cash book balance
$27,500
Add: outstanding checks
$5,600
Balance
$34,100
Less: deposit in transit
($6,200)
Adjusted book balance
$26,900
'what she said' phrase or clause. give reason
Type the correct answer in the box. Spell all words correctly.
Joan bought office supplies worth $3,700 for her business. She records this transaction in the journal of the business by debiting the office supplies account. Which accounting error has Joan committed?
Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a _______
credit.”
Answer:
Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a
corresponding credit.”Explanation:
Answer: Corresponding credit
Explanation
Assume that at one point a business sells organizers for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $4,000. What is the break-even point?
300 units
200 units
100 units
400 units
Answer:
400 units
Explanation:
From the contribution margin concept, the break-even point is obtained by dividing the fixed costs by the contribution margin per unit.
For this business, fixed costs are $4,000
Contribution margin per unit is equal to sales price - variable cost per unit
=$20 - $10
= $10
Break-even point = $4000/$10
=400 units
One has to ask oneself how you know that you've discovered something that distinguishes the successful companies from other companies? otherwise, you can fall into a trap that is the same as identifying "the management practice equivalent of having buildings" (collins & porras, 2002, p. 14).
Full question attached
Answer:
Word-for-word plagiarism
Explanation:
Although the student cited some of the author's work that he quoted word for word( "the management practice equivalent of having buildings" (Collins & Porras, 2002, p. 14)), and even referenced with bibliography at the end, he didn't cite(intext citation) the other part (
you know that you've discovered something that distinguishes the successful companies from other companies? )where he quoted the original author word for word and as a result has plagiarized the original author of the work.
You survey 125 employees and determine that 25 are extremely unhappy. As you walk the floor, you run into a random employee, what are the odds that she is extremely unhappy
Answer:
0.2 or 20%
Explanation:
The odds of meeting an unhappy person will be the no. of unhappy people divided by the sample size.
=25/125
=1/5
The odds are 1 in every five people is extremely unhappy.
1/5 = 0.2 or 20%
Part A
In the video, what tax cut is President Obama extending?
Answer: He is announcing an extension of a cut in payroll taxes.
Explanation: edmentum/ plato
The Boston Hotel High-end linens 600-thread-count sheets Coffeemaker and selected teas Imported beer Fresh-squeezed juices Affordability Food and drink Double-thick bath towels Silk pillowcases Raw silk curtains with gold embellishments $100/night four-star rooms Free snacks, shampoo, and conditioner Free wireless Internet
HELP ME PLEASE I WILL GIVE U BRAINLIST
It is the beginning of the year and you receive your first W-2 form. After preparing your taxes you realize that you still owe the IRS more taxes. Why would you owe more taxes and what do you need to do differently in the future to avoid this happening again?
Pay your taxes more effectively next time, maybe hire someone to do it for you.
The Court of International Trade is a "special" court.
True
False
Answer:
true
Explanation:
because it's always economy wise and smart
One common element of all mass media (whether it is a news article, TV commercial, book or anything intended for a large audience) is that the message is:
A. Emotional
B. Objective
C. Constructed
Answer:
C
Explanation:
most of mass media tries to advertise the people that are watching or looking at it a product of some sort
How are business plans used in health care? Check all that apply.
-identifying a consumer market
-establishing goals and objectives
-comparing prices of medical equipment
-calculating a company's cash flow
-figuring out the business's purpose
Answer:
identifying a consumer market
comparing prices of medical equipment
calculating a company's cash flow
Answer:
Establishing goals and objectives
Figuring out the business’s purpose
Explanation:
I got it correct ;)
Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, and both materially participate in the business. In 2019, TGPS reports a net loss of $580,000. What are the implications of this loss for Timothy and Prada?
Answer:
Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.
On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.
The company you work for is expanding and needs more office space. After reviewing several contractors’ proposals, you decide on one. When writing to the other contractors, what could you include in your closing that would explain the bad news in a sensitive manner? Check all that apply. A forward look A canned ending An expression of good wishes A review of the bad news
Answer:
The correct answers are the options: A forward look and An expression of good wishes.
Explanation:
To begin with, the fact that the company has decided for a contractor and needs to tell to the other ones that they were not selected it is not a bad action to take so primarily the other companies should understand due to the fact that they must know how to do business. Even though that, the manager or employee who is in charge of letting the other companies know that they were not selected must understand as well that a good touch is always helpful to make those companies feel not bad about it, and the person who writes to them can tell that in the future they might have another chance to work together so they need to have a forward look because their projects were good as well. And of course an expression of goods wishes for future jobs is always a good ending.
DeMilo, Inc., owns 100 percent of the 40,000 outstanding shares of Ricardo, Inc. DeMilo currently carries the Investment in Ricardo account at $490,000 using the equity method. Ricardo issues 10,000 new shares to the public for $15.75 per share. How does this transaction affect the Investment in Ricardo account that appears on DeMilo’s financial records?
Answer:
$28,000
Explanation:
The transaction that affects the Investment in Ricardo's account that appears on DeMilo’s financial records can be calculated by deducting Investment in Ricardo Inc by DeMilo Inc from the value of DeMilion Inc. Share after New Share Issue.
DATA
Investment in Ricardo Inc by DeMilo Inc = $490,000
Parent’s Ownership Interest = 100%
Fair Value Ownership Equivalency = $490,000
Calculation
Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + (10,000 * $15.75)
Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + $157,500
Adjusted Subsidiary Fair Value after New Share Issue = $647,500
Partner’s Ownership after New Share Issue = 40,000 / 50,000 = 80%
Value of DeMilion Inc. Share after New Share Issue = $647,500 * 80%
Value of DeMilion Inc. Share after New Share Issue = $518,000
Therefore, Investment in Ricardo should be increased by $28,000 ($518,000 - $490,000).
who wants brainlest i think i spelled it right
Answer:
ill take it lol but whats the catch??
Explanation:
Answer:
I dooooooooo plzzzzzzzzzzz!!!!!!1
Explanation:
Brainliest...
The main purpose of a contractual institution is to:
O A. use deposited money to purchase stocks and bonds in order to
make a profit.
B. provide guaranteed payments to depositors under specific
conditions.
C. allow customers to deposit money into accounts at no charge.
D. hold deposits in accounts and use that money to offer loans.
The main purpose of a contractual institution is to hold deposits in accounts and use that money to offer loans. Contractual savings institutions, like all financial intermediaries, are identical to commercial banks.
What is contractual institution?Contractual savings institutions are financial intermediaries that acquire funds on a contractual basis and invest them in such a way that financial instruments mature when contractual obligations are due.
Contractual savings organizations include national provident funds, life insurance companies, private pension funds, and sponsored social pension insurance systems.
Thus, option D is correct.
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Click this link to view O*NET’s Work Contexts section for Accountants. It describes the physical and social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply.
1 pace determined by speed of equipment
2 importance of repeating same tasks
3 indoors, environmentally controlled
4 deal with physically aggressive people
5 telephone and electronic mail
6 importance of being exact or accurate
Answer:
Importance of repeating same task
Indoors, environmentally controlled
telephone and electronic mail
importance of being exact or accurate
Explanation:
I just got the answer from getting it wrong its these options only
According to the O*NET, common work contexts for Accountants are 2).importance of repeating same tasks, 3). indoors, environmentally controlled, 5). telephone and electronic mail and 6). importance of being exact or accurate.
What is the significance of O*NET?O*NET stands for Occupational Information Network. It is a free online database that contains large number of job definitions that helps students, job seekers, businesses and professionals to understand today's world of work in the United States
The O*NET program is the primary source of occupational information in a nation. It is a major tool for for career exploration and job analysis. It consists detailed descriptions of the world of work for use by various job seekers.
Basically, O*NET is an online application that was created for the general public in order to provide the access to the O*NET database of occupational information.
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To measure ingredients accurately, it is best to measure items in as many
measurements as possible.
TRUE
FALSE
The population hypothesis regarding ethical management models is A. the three models approximate a normal, bell-shaped curve. B. that the moral management model is the largest segment of the normal curve. C. that the immoral management model is the largest segment of the normal curve. D. the three models exhibit a skewed curve, weighted toward either moral or immoral management models, depending on the society being studied.
Answer:
A
Explanation:
Samantha has a bakery that has been successfully run for over a year, and it’s growing in popularity. If she planned to use her profits in order to merely cover the same costs she had in the previous year, what risk is she most likely taking? Group of answer choices might not be able to pay her taxes might not be able to attract essential new investors might lose customers because of a lack of innovation might not be able to keep up with increased demand
Answer:
NOT might lose customers because of a lack of innovation
NOT might not be able to attract essential new investors
Explanation:
Since in the question it is mentioned that Samantha who has a bakery is sucessfully run for a year and it is popular also. At the same time she planned for using her profits in order to cover up the similar cost that had done in the last year
So based on this, the risk she has taking is that she not want to lose his customers as there is an innovation lacking also she is not capable to attract the new investors
Therefore the same is to be considered
Foster, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Foster later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies
Multiple Choice: 1. take more time to start new endeavors 2. typically maneuver slowly with new ideas 3. can get started more easily and maneuver faster 4. tend not to change due to inexperienced management 5. can adjust more easily to capital shortages
Clearer question;
Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Tom later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies ____.
Answer:
3. can get started more easily and maneuver faster
Explanation:
Remember, a small company is officially viewed as one having less than 500 employees.
So, Tom's business qualifies as such, and it is quite true to a large degree that small companies can get started more easily and maneuver faster since they require less staff management.
Which type of economy is used by the United States?
HELPPPPPPPPP
Answer:
mixed economy
Explanation:
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.
mixed economy
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism
state two reasons why newly born babies are out_doored only after some few days have passed
Answer:
TEMPERATURE, DISEASES, OR EXPOSED TO HARMFUL THINGS OUTSIDE
Explanation:
A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different prizes: an automobile valued at $28 comma 000, a $100 gas card, or a $5 shopping card. To claim his or her prize, a prospective customer needed to present the flier at the dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31 comma 248, the chance of winning the gas card was 1 out of 31 comma 248 comma and the chance of winning the shopping card was 31 comma 246 out of 31 comma 248. Complete parts (a) through (c).
Answer:
the requirements are missing, so I looked for a similar question.
a. How many fliers do you think the automobile dealership sent out?
b. Using your answer to (a) and the probabilities listed on the flier, what is the expected value of the prize won by a prospective customer receiving a flier?
c. Using your answer to (a) and the probabilities listed on the flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a flier?
a) the total fliers sent out = 31,246 + 1 + 1 = 31,248
b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90
c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13
σ = √$25,080.13 = $158.37
Farmer Owens has an apple orchard that must be pollinated by bees in order to bear fruit. Farmer Owens's neighbor, Maude, owns beehives with bees that can pollinate the apple trees. Suppose the benefit of the bees to Farmer Owens is $5,000 per year. Suppose the bees provide no benefit to Maude but she must pay $3,000 per year to maintain the hives. If Farmer Owens and Maude engage in Coasebargaining, what would likely result?
A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.
B. Maude would pay Farmer Owens between $3,000 and $5,000 to maintain the hives.
C. Farmer Owens would pay Maude between $0 and $5,000 to maintain the hives.
D. Farmer Owens would pay Maude at least $5,000 to maintain the hives.
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Answer:
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Explanation:
Remember, coerce bargaining implies that one party to a bargain uses their ability or privilege or advantage to force or pressure the other party to accept the bargain.
Hence, Farmer Owens, who seems to have a better advantage over Maude would likely coerce her into accepting his offer by not been willing to pay Maude an amount such that she would maintain the hives.
Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). Which level of government are responsible for these regulations?
Answer:
State and federal government.
Explanation:
According to the Building Energy Efficiency standards;
Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). The level of government that are responsible for these regulations are both state and federal government.
This ultimately implies that, state and federal government are saddled with the responsibility of ensuring project managers, building engineers and other professionals abide by the regulations or standards with respect to HEATING VENTILATION AND AIR CONDITIONING SYSTEMS (HVAC).
Tim wants to buy an apartment that costs $2,225,000 with an 85% LTV mortgage. Tim got a 30 year, 3/1 ARM with an initial teaser rate of 4.875%. The reset margin on the loan is 300 basis points above 1 year CMT. There are no caps. Tim anticipates the index to be 3.50% at the time of the 1st reset. What is Tim’s monthly mortgage payment going to be during the 1st 3 years?
Answer:
monthly payment = $10,009 (rounded to nearest dollar)
Explanation:
A 3/1 adjustable rate mortgage (ARM) means that the monthly payment will be fixed during the first 3 years only. Then they should vary, although the variance is generally upwards. The monthly interest can be calculated by using the present value of an annuity formula:
monthly payment = present value of the loan / annuity factor
present value of the loan = $2,225,000 x 85% = $1,891,250PV annuity factor, 0.40625%, 360 periods = 188.9615monthly payment = $1,891,250 / 188.9615 = $10,008.65256 ≈ $10,009
Tim's monthly mortgage payment during the first 3 years will be $10,009 (rounded to nearest dollar).
What is an Adjustable-rate mortgage (ARM)?A 3/1 Adjustable-rate mortgage (ARM) is a home loan with a variable interest rate. With an ARM, the initial interest rate is fixed for a period of time. Thereafter, the interest rate used on the remaining balance is adjusted periodically, annually, or monthly.
The monthly interest can be calculated by using the present value of an annuity formula:
[tex]\rm\,Monthly payment = \dfrac{Present \;Value \; of \;the \; loan}{Annuity \; \;factor}\\\\Present Value of the Loan = \$2,225,000 \times 85\% = \$1,891,250\\\\\rm\,(PV\; annuity \;factor, 0.40625\%, 360 \;Periods) = 188.9615\\\\\rm\,Monthly \;Payment = \dfrac{\$1,891,250}{188.9615} \\\\Monthly \;Payment = \$10,008.65256 \\\\Monthly \; Payment = \$10,009[/tex]
Hence, Tim's monthly payment for the first three years will be $10,009.
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If you were told that your credit score was 700, how would you judge that number?
(10 points)
Answer:
I would say it alright it could be better
Explanation:
:)
Which best describes a central bank’s primary goals?
Limiting inflation and reducing unemployment.
Reducing unemployment and maintaining cash flow.
Controlling stagflation and reducing unemployment.
Managing credit and ensuring the money supplies liquidity.
Answer: A-limiting inflation and reducing unemployment
Explanation: edeg2020
The primary goal of the central bank of a country is to:
Limiting inflation and reducing unemployment.What is the central bank?The central bank is the highest bank of the country. This is the bank that is in charge of all other banks in the nation.
The bank is responsible for the control of the country's currency. They are also responsible for the supply of liquidity.
But their main function in the economy is to Limit inflation and reduce unemployment.
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