1. Emma knows that she wants to be a digital artist, but she feels like working by herself as a freelancer would be more work than she was willing to do. She is hoping to get a job with a large
animation studio instead. Does she still need business savvy if she is not going to be an entrepreneur?
No, that is only for artists working for themselves.
Yes, she will need to negotiate a good contract for herself
Yes, she is very likely to change her mind and want to freelance.
No, the company she works for will make the best possible deal for her.

Arlene purchased a used vehicle that depreciates under a straight-line
method. The initial value of the car is $4000, and the salvage value is $400, If
the car is expected to have a useful life of another 6 years, how much will it
be worth in 2 years?
A. $600
B. $2800
C. $1000
D. $3200
SUBMIT

When the price of candy bars is $1.20, the quantity demanded is 490 per day. When the price falls to $1.00, the quantity demanded increases to 500. Given this information and using the midpoint method, we know that the demand for candy bars is

A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:

Alcorn Service Company was formed on January 1, Year 1.

Events Affecting the Year 1 Accounting Period

1. Acquired $66,000 cash from the issue of common stock.
2. Purchased $2,400 of supplies on account.
3. Purchased land that cost $30,000 cash.
4. Paid $2,400 cash to settle accounts payable created in Event 2.
5. Recognized revenue on acount of $54,000
6. Paid $27,000 cash for other operating expenses.
7. Collected $44,000 cash from accounts receivable.

Information for Year 1 Adjusting Entries

8. Recognized accrued salaries of $3,800 on December 31, Year 1.
9. Had $800 of supplies on hand at the end of the accounting period.


Events Affecting the 2019 Accounting Period
1. Acquired $26,000 cash from the issue of common stock.
2. Paid $3,800 cash to settle the salaries payable obligation.
3. Paid $5,400 cash in advance to lease office space.
4. Sold the land that cost $30,000 for $30,000 cash.
S. Received $6,600 cash in advance for services to be performed in the future.
6. Purchased $1,600 of supplies on account during the year.
7. Provided services on account of $38,000.
8. Collected $39,000 cash from accounts receivable.
9. Paid a cash dividend of $5,000 to the stockholders.
10. Paid other operating expenses of $25,500.

Information for 2019 Adjusting Entries
11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term.
12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1.
13. Had $900 of supplies remaining on hand at the end of the period.
14. Recognized accrued salaries of $4,500 at the end of the accounting period.
15. Recognized $1,000 of accrued interest revenue.

Required:
Identify each event affecting the 2018 accounting periods as asset source (AS), asset use (NJ), asset exchange (AE), or claims exchange (CC).

Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. Question 9 options: True False

who is responsible for withholding the employees income tax?​

True or false? you have to be careful because other people will try to steal your idea.

Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, and arrives at the age categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % 0-30 days past due$ 90,0001% 31-60 days past due20,0002 61-120 days past due11,0005 121-1806,00010 Over 180 days past due4,00025 Total accounts receivable$ 131,000 The balance of the allowance for uncollectible accounts is $520 on December 31, before any adjustments. (a) What amount of bad debts expense will LaFond report in its income statement for the year

Lauren Fine Clothing manufactures clothes for professional women. Lauren applies overhead at the rate of $15 per direct labor hour. During April, the company has budgeted 9,420 direct labor hours. At the end of April, 9,200 direct labor hours and $132,670 in manufacturing overhead had been incurred. To adjust for the difference between applied and incurred overhead, which journal entry would the firm record (using the pro-rated approach) given the following ending balances:

Brody Corp. uses a process costing system. Beginning inventory for January consisted of 1,900 units that were 46% completed. 10,300 units were started during January. On January 31, the inventory consisted of 530 units that were 76% completed. How many units were completed during the period

briefly explain the tradr barriers that the local company might face when entering the neighboring country​

What is the difference between marketing and selling?​

TRUE/FALSE?

The functions reporting to the CFO sometimes are grouped together and referred to as corporate finance.

Business writing is more forceful when it uses active- voice verbs. Revise the following sentences so that verbs are in
the active voice. Put the emphasis on the doer of the action. Add subjects if necessary.
Example Antivirus software was installed on her computer.
Revision Madison installed antivirus software on her computer.
a. To protect students, laws were passed in many states that prohibited the use of social security numbers as identification. 

b. Software was installed to track how much time employees spend surfing the Web. 

c. Checks are processed more quickly by banks because of new regulations. 

d. Millions of packages are scanned by FedEx every night as pack- ages stream through its Memphis hub. 

e. Companies are being advised by analysts that tablet computers have to be replaced more often than PCs. 


Basin Corporation had the following transactions related to its delivery truck:

Year 1
Jan. 5 Purchased for $16,600 cash a new truck with an estimated useful life of four years and a salvage value of $2,600.
Feb. 20 Installed a new set of side-view mirrors at a cost of $70 cash.
June 9 Paid $290 for an engine tune-up, wheel balancing, and a periodic chassis lubrication.
Aug. 2 Paid a $260 repair bill for the uninsured portion of damages to the truck caused by Basin's own driver.
Dec. 31 Recorded depreciation on the truck for the year.

Year 2
May 1 Installed a set of parts bins in the truck at a cost of $1,000 cash. This expenditure was not expected to increase the salvage value of the truck.
Dec. 31 Recorded depreciation on the truck for the year.

Year 3
Dec. 31 Recorded depreciation on the truck for the year.

Basinâs depreciation policies include (1) using straight?line depreciation, (2) recording depreciation to the nearest whole month, and (3) expensing all truck expenditures of $75 or less.

Required:
Prepare journal entries to record these transactions and adjustments.

I need help answer this question please

The marketing manager of Rooney Corporation has determined that a market exists for a telephone with a sales price of $22 per unit. The production manager estimates the annual fixed costs of producing between 41,700 and 80,700 telephones would be $560,500. Required Assume that Rooney desires to earn a $134,000 profit from the phone sales. How much can Rooney afford to spend on variable cost per unit if production and sales equal 46,300 phones

Suppose there are only two firms that sell tablets, Padmania and Capturesque. The payoff matrix below shows the profits (in millions of dollars) each company will earn depending on whether it sets a high or low price for its tablets. For example, the lower-left cell shows that if Padmania prices low and Capturesque prices high, Padmania will earn a profit of $15 million and Capturesque will earn a profit of $2 million. Assume this is a simultaneous game and Padmania and Capturesque are both profit-maximizing firms.

Capturesque
Padmania high price low price
high price 11,11 2,15
low price 15, 2 8, 8

1. If Padmania prices high, Capturesque will make more profit if it chooses a _____ price, and if Padmania prices low, Capturesque will make more profit if it chooses a _____ price.
2. If Capturesque prices high, Padmania will make more profit if it chooses a _____ price, and if Capturesque prices low, Padmania will make more profit if it chooses a _____ price.
3. Considering all of the information given, pricing low _____ a dominant strategy for both Padmania and Capturesque.
4. If the firms do not collude, what strategies will they end up choosing?
a. Both Padmania and Capturesque will choose a low price.
b. Padmania will choose a high price and Capturesque will choose a low price.
c. Both Padmania and Capturesque will choose a high price.
d. Padmania will choose a low price and Capturesque will choose a high price.
5. True or False: The game between Padmania and Capturesque is an example of the prisoners' dilemma.

Tammy, a resident of Virginia, is considering purchasing a $100,000 North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Tammy is aware that State of Virginia bonds of comparable risk are yielding 4.5%. Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Tammy can deduct any state taxes paid on her Federal income tax return. In your analysis, assume that the bond amount is $100,000. If required, round your computations and answers to the nearest dollar. Assume that Tammy itemizes her deductions for federal taxes. Determine the after tax income from each bond.

The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.

Account Title Debits Credits
Cash $40,000
Accounts receivable 34,000
Inventory 75,000
Prepaid rent (for the next 8 months) 16,000
Investment in equity securities (short term) 10,000
Machinery 145,000
Accumulated depreciation $11,000
Patent (net) 83,000
Accounts payable 8,000
Salaries payable 4,000
Income taxes payable 32,000
Bonds payable (due in 10 years) 200,000
Common stock 100,000
Retained earnings 48,000
Totals $403,000 $403,000

Required:
Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be indicated by a minus sign.)

On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $75,000. Bentley Delivery received a trade-in allowance (fair market value) of $24,000 on an old truck of similar type and paid cash of $51,000. The following information about the old truck is obtained from the account in the equipment ledger: cost, $56,000; accumulated depreciation on December 31, the end of the preceding fiscal year, $35,000; annual depreciation, $7,000. Assuming that the exchange has commercial substance.

Required:
Journalize the entries to record:

a. the current depreciation of the old truck to the date of trade-in.
b. the transaction on October 1.

Donny, of Donny's Doughnuts, bakes and sells 100 dozen doughnuts a day using one mixer and one fryer. His rival, Sunshine, of Sunshine's Doughnuts, produces 180 dozen doughnuts a day using two mixers and two fryers. Both shops use the exact same technology to make doughnuts and have the same number of workers and the same size building. Donny and Sunshine both increase their capital equipment by one mixer and one fryer
Which shop will benefit the most from its expansion?
A. The shops will benefit equally because they are using the same quantity of equipment.
B. Donny, because his workers currently have less available capital to work with
C. The local weight-loss clinic, because the number of doughnuts consumed will increase
D. Sunshine, because her operation was producing more doughnuts to start with
How much should Donny realistically expect his production to increase with the new equipment?
A. about 80 dozen
B. about 50 dozen
C. at least 100 dozen
How much should Sunshine realistically expect her production to increase with the new equipment?
A. about 50 dozen
B. at least 80 dozen
C. at least 100 dozen

When an Egyptian firm purchases a cement mixer from Slovakia,
a)Egyptian investment does not change, Egyptian net exports decrease, Egyptian GDP decreases, Slovakian net exports increase, and Slovakian GDP increases.
b)Egyptian investment increases, Egyptian net exports decrease, Egyptian GDP is unaffected, Slovakian net exports increase, and Slovakian GDP increases.
c)Egyptian investment decreases, Egyptian net exports increase, Egyptian GDP is unaffected, Slovakian net exports decrease, and Slovakian GDP decreases.
d)Egyptian investment increases, Egyptian net exports do not change, Egyptian GDP increases, Slovakian net exports do not change, and Slovakian GDP is unaffected.

Lavender Manufacturing Company began business in the current year. The company uses the simplified method to allocate mixed services costs to production. The company's costs and expenses for the year were as follows.

Direct labor $3,000,000
Direct materials 4,000,000
Factory supervision 800,000
Property tax on factory 100,000
Personnel department 400,000
Computer operations 250,000
General administration 550,000
Marketing 800,000
State income tax 200,000
Total $10,100,000

Required:
a. Determine Lavender's total production costs for the year.
b. Assume that the hourly pay for direct labor is much lower than the hourly pay for employees in the general administration and that the employee turnover is much higher for production employees than for the general administration employees. How should these facts affect the company's decision to use the simplified mixed services method to allocate mixed services costs to production?

Which tab would help you toggle between views?
O Design
O Arrange
O Database Tools
O Home

A company is currently selling 10,000 units of product monthly for $40 per unit. The unit contribution margin is $27. The company believes that spending $50,000 per month on advertising will allow them to increase the selling price to $45 and that sales will increase by 750 units per month. The company should ______.

List which parts of the website a user doesn't like

Assume that you manage a risky portfolio with an expected rate of return of 17% and a variance of 27%. The T-note rate is 7%. What is the reward-to-volatility ratio of your risky portfolio

Arlington Town uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calculate the price per trip that the Motor Pool Internal Service Fund needs to charge users during calendar year 2018 to break even:
Automobiles:
The Motor Pool uses two 6-passenger vans, each costing $45,000 and each estimated to have a 5-year life when they were acquired in 2017.
Driver salaries:
The Motor Pool has a driver-administrator, who earns $45,000 a year, and a driver, who earns $35,000. The town uses a rate of 30 percent (to cover benefits, including pensions) for planning purposes.
Insurance:
In 2017, the town purchased a 3-year automobile accident policy at a cost of $6,000.
Fuel and maintenance costs:
Based on experience, the driver-administrator estimates that total fuel and maintenance costs for the year will be $8,000.
Billing units:
To simplify its record keeping, the Motor Pool charges a fixed price per trip. Arlington’s budget office estimates it will provide 800 trips to the town’s departments in 2018.

Using the rule of 70, how many years will it take an investment to double if the return is 88 %? Round your answer to two decimal places.g