Answer:
B
Explanation:
Ricky and Lucy are buying a house using a conforming loan, and they have reached an agreement to receive the max concession from their seller. They have agreed on a $230,000 sales price, and are putting down 10%. What is the amount of the seller concession?
Marketing communication
Answer:
yes
Explanation:
It's popular!
During fiscal year 2018, BHD Inc. had Cash from Operations of $600 million, and Cash Used for Investing of $1,000 million. During the year the Cash account on the balance sheet decreased by $700 million. This implies that the Financing cash flow was an:________.
a. outflow of $300 million
b. inflow of $300 million
c. outflow of $100 million
d. inflow of $400 million
Answer: outflow of $300 million
Explanation:
The formula to solve for the net decrease in cash and the cash equivalent will be:
= Cashflow from financing activities + Cashflow operating activities + Cashflow from investing activities
-$700 Million = Cash flow from financing activities + $600 Million - $1,000 Million
Therefore, the cash flow from financing activities will then be:
= -$700 + $1,000 - $600
= $1000 - $1300
= $-300 million
Therefore, the cash flow from financing activities is outflow of $300 Million.
Identify a chart of accounts, using correct headings from the list of account titles below: Account Titles Chart of Accounts Accounts Payable Accounts Receivable Building Cash Equipment Insurance Expense Prepaid Insurance Rent Expense Service Fees Dunlop, Capital Dunlop, Drawing Supplies Wage Expense Wages Payable
Answer:
The question wants the given accounts to be grouped by what type of account they are. For instance, Accounts Payable is a liability.
Liabilities:
Accounts Payable Wages payableAssets
Accounts Receivable Building Cash Equipment Prepaid Insurance SuppliesExpenses
Insurance expense Rent expense Wage expenseRevenue
Service feesOwner's Equity
Dunlop, CapitalDunlop, DrawingAt December 31, 2018, Oriole Company reported the following information on its balance sheet.
Accounts receivable $948,000
Less: Allowance for doubtful accounts 78,000
During 2019, the company had the following transactions related to receivables.
1. Sales on account $3,609,930
2. Sales returns and allowances 51,000
3. Collections of accounts receivable 2,756,000
4. Write-offs of accounts receivable deemed uncollectible 97,000
5. Recovery of bad debts previously written off as uncollectible 28,000
Compute the accounts receivable turnover for 2019, assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, e.g. 25.25.)
Answer:
Bad debt expense (Dr.) $68,930
Allowance for Doubtful Debt (Cr.) $68,930
Explanation:
Accounts Receivable :
Balance $948,000
Add: Sales $3,609,930
Less: Sales returns $51,000
Less: Collections $2,756,000
Less: Write offs $97,000
Add: Recovery of old Bad debts $28,000
Adjusted Balance $1,653,930
Bad Debts :
Balance $78,000
Less: Allowance for doubtful debts $97,000
Less: Recovery $28,000
Adjusted Balance $9,000
An agreement for the sale of securities in which the investment bank handling the transaction gives no assurance that the entire issue will be sold is called a(n) _____.
Answer:
best efforts arrangement
Explanation:
Best efforts can be regarded as agreement which is been entered by a service provider so that they can perform any action required to fulfill the requirements of a contract. As regards to finance,best efforts are been made by underwriter to the issuer, so that much of their securities offering can be sold as much as possible. It should be noted that An agreement for the sale of securities in which the investment bank handling the transaction gives no assurance that the entire issue will be sold is called best efforts arrangement
Which of the following statements is an example of wording that might be included in an
informative advertisement?
a. Machine washable
b. The route to good health
c. Used by the "Whatsit" pop group
d. To keep you young and beautiful
Answer:
a. Machine washable
Explanation:
An informative advertisement is an advert focused on being fact based, unbiassed and accurate. An advert is of the informative form, when it only makes reference to the attributes, advantages, and the tasks the service or goods can do well, in place of making use of emotions to persuade a consumer into purchasing a commodity
From the given options, the statement which is an example of wording that might be included in an informative advertisement is option a. 'Machine washable', because it refers to the strength of the goods which as stated, can be washed with a washing machine
Caterpillar’s December 31st, 1998 balance sheet shows accounts receivable of approximately $2.5 billion, accounts payable of approximately $4.0 billion, and an inventory of approximately $3.0 billion. Their 1998 income statement shows Cost of Good Sold (COGS) of approximately $15 billion, sales of approximately $20 billion, and operating costs of approximately $18 billion. How many days, on average, does Caterpillar hold its inventory? Assume a year has 360 days.
Answer:
the Average Number of inventory days is 72 days
Explanation:
The computation of the no of days is given below:
We know that
Inventory Turnover Ratio
= Cost of Goods Sold ÷ Average Inventory
= 15 ÷ 3
= 5
Now the Average Number of inventory days is
= 360 ÷ 5
= 72 days
hence, the Average Number of inventory days is 72 days
Jiang has been working on a risk management plan for his government agency. What information should he include in the report to management when he presents his risk management recommendations
Answer:
The information which must be included in the Risk Management Plan include but are not limited to the following:
Risk IdentificationSource of Risk Risk measurementRisk EvaluationMitigationMonitoringExplanation:
As an avid risk manager, Jiang must be ardent at identifying risks and their sources.
According to the principles of management, what cannot be measured cannot be managed. hence, the report must also contain rubrics that will help the measurement of such risks
When risk measurment metrics have been identified and instituted, then it can be then be evaluated against agreed thresholds. This makes for easy mitigation, monitoring, and management.
Cheers
At the beginning of 20X1, a company issues 100,000 shares of 4%, $10 par value, cumulative preferred stock. All remaining shares outstanding are common stock. The company does not pay any dividends in 20X1, but pays dividends of $100,000 at the end of 20X2. How much of the dividend will be paid to common stockholders in 20X2?
a. $20,000.
B. $100,000.
C. $80,000.
D. $60,000.
Answer:
a. $20,000.
Explanation:
The computation of the dividend that will be paid to common stockholders in 20X2 is shown below:
= $100,000 - ($100,000 × 10 × 4% × 2 years)
= $100,000 - $80,000
= $20,000
Hence, the dividend that will be paid to common stockholders in 20X2 is $20,000
Therefore the option a is correct
Western Company is preparing a cash budget for June. The company has $11,800 cash at the beginning of June and anticipates $30,200 in cash receipts and $34,900 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must: Multiple Choice Borrow $2,900. Repay $2,900. Borrow $10,000. Repay $7,100. Borrow $4,700.
Answer: Borrow $2900
Explanation:
To maintain the $10,000 required balance, during June the amount that the company must borrow will be calculated thus:
Firstly, the ending cash balance without considering borrowings will be:
= Beginning balance + Receipts - Disbursements
= $11800 + $30200 - $34900
= $7100
Therefore, to maintain the $10,000 required balance, during June the company must borrow:
= $10000 - $7100
= $2900
The company must borrow $2900
You're trying to save to buy a new $200,000 Ferrari. You have $45,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answer:
n= 30.57 years
Explanation:
Giving the following information:
Future Value (FV)= $200,000
Present value (PV)= $45,000
Interest rate (i)= 5%
To calculate the number of years required to reach the objective, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(200,000 / 45,000) / ln(1.05)
n= 30.57 years
If the government of Balancia runs a deficit of $50 million per year in Year 1 and in Year 2 due to its recession, but then has a $100 million surplus in Year 3 due to strong economic recovery, Balancia is likely following which type of rule?
Answer:
Cyclically balanced budget
Explanation:
The journal entry to record the issuance of a note for the purpose of converting an existing account payable would be:_______
a. debit Cash; credit Accounts Payable
b. debit Accounts Payable; credit Cash
c. debit Cash; credit Notes Payable
d. debit Accounts Payable; credit Notes Payable
boulder corporation uses estimated direct labor hours of 200,200 and estimated manufacturing overhead costs of $920,600 in establishing manufacturing overhead rates. Actual manufacturing overhead was $970,300, and allocated manufacturing overhead was
Decker Enterprises Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,050 Profit before tax na 450 Taxes na 135 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing surplus, it could remedy the situation by a. reducing its dividend. b. borrowing on its line of credit. c. borrowing from its retained earnings d. paying a special dividend e. issuing more common stock.
Answer:
Decker Enterprises
If Decker had a financing surplus, it could remedy the situation by
d. paying a special dividend
Explanation:
a) Data and Calculations:
Income statement
Current Projected
Sales na 1,500
Costs na 1,050
Profit before tax na 450
Taxes na 135
Net income na 315
Dividends na 95
Retained earnings na 220
Balance sheets
Current Projected Current Projected
Current assets 100 115 Current liabilities 70 81
Net fixed assets 1,200 1,440 Long-term debt 300 360
Common stock 500 500
Retained earnings 430 650
Total $1,300 $1,555 Total $1,300 $1,591
Which of the following is an example of government expenditure on goods and services? A. The purchase of office supplies for the office of the junior senator from New York B. The salaries paid to Washington correspondents from major networks and newspapers C. All expenditure by lobbyists D. Welfare payments
Answer:
D
Explanation:
The ledger of Shamrock, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries.
Debit Credit
Supplies 2,610
Prepaid Insurance 2,480
Equipment 22,500
Unearned Service Revenue 12,000
An analysis of the accounts shows the following.
1. Insurance expires at the rate of $310 per month.
2. Supplies on hand total $960.
3. The equipment depreciates $150 per month.
4. During March, services were performed for two-fifths of the unearned service revenue.
Required:
Prepare the adjusting entries for the month of March.
Answer and Explanation:
The adjusting entries are as follows:
1 Insurance expense Dr $310
To Prepaid Insurance $310
(Being insurance expense is recorded)
2 Supplies expense Dr $1,650 ($2,610 - $960)
To Supplies $1,650
(Being supplies expense is recorded)
3 Depreciation expense Dr $150
To Accumulated Depreciation - Equipment $150
(Being depreciation expense is recorded)
4 Unearned service revenue Dr (two-fifth of $12,000) $4,800
To Service Revenue $4,800
(Being service revenue is recorded)
ME company sold 200 units of its goods for $5 each. The COGS is $3 each. Prepare journal entries
for the transactions.
i) 10 days later, customer returned 50 units of goods
ii) 10 days later, customer wanted to return 50 defective units of goods, the company agreed to
reduce price to $3, so that the customer accepted the goods and not returned.
Answer:
Explanation:
Sales Returns and Allowances 250
Accounts Receivable 250
Sales Returns and Allowances 600
Accounts Receivable 600
A product returned to the seller by a customer is known as a sales return. Usually, a return is made as a result of defective or overage merchandise being ordered, shipped, or received.
What is a sale and sale return?A retailer pays only for the goods they sell and returns the unsold inventory to the wholesaler or manufacturer under a sale or return arrangement. The retailer can return unsold products under a sale or return arrangement, preventing write-offs.
Following are the necessary journal entries required to pass.
Particular Debit Credit
Sale Return A/c $250
1 Accounts Receivable A/C $250
(Being 50 units of defective goods return at $5)
2 Sale Return A/c $600
Accounts Receivable A/C $600
(Being 200 units of defective goods return at $3)
When goods are returned, the sales returns and allowances account is debited to lower sales, while accounts receivable or cash are credited to give refunds or lower what the consumer owes. To credit the inventory with the returned items, a second entry debiting inventory must be created.
Learn more about sales and sale returns here:
https://brainly.com/question/15563704
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contractor decided to bid for a major commercial project. The total price of her bid is $10 million. Estimate the total cost of estimating and preparing the bid proposal.
Answer: $150,000
Explanation:
The total cost of estimating and preparing the bid would normally fall between 1% and 2% of the total price of the bid.
It would therefore be best to use an average rate of these:
= ( 1 + 2) / 2
= 1.5%
The estimate will therefore be:
= 1.5% * 10,000,000
= $150,000
Assume you save 25% of each additional dollar of income. Congress decides to increase government spending by $100. How much will each additional dollar of government spending increase output (Y)
Answer:
The amount by which each additional dollar of government spending increase output (Y) is 4.
Explanation:
Since you save 25% of each additional dollar of income, we therefore have:
MPS = Marginal propensity to save = 25%, or 0.25
Multiplier = 1 / MPS = 1 / 0.25 = 4
The multiplier is the amount by which each additional dollar of government spending will increase output (Y).
Therefore, the amount by which each additional dollar of government spending will increase output (Y) is 4.
Additional note:
This is not part of the requirement of the question but it is just for you to learn from.
Since we have:
Increase in government spending = $100
Therefore, we have:
Increase in output (Y) = Multiplier * Increase in government spending = 4 * $100 = $400
The unadjusted trial balance of PS Music as of July 31, 2016, along with the adjustment data for the two months ended July 31, 2016, are shown in Chapter 3. Based upon the adjustment data, the following adjusted trial balance was prepared:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
12 Dividends 1,750.00
13 Income Summary
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent
Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
25 Totals 42,340.00 42,340.00
Required:
1. (Optional) Using the data from Chapter 3, prepare an end-of-period spreadsheet on a sheet of paper or using spreadsheet software.
2. Prepare an income statement, a retained earnings statement, and a balance sheet.*
3.
A. Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.
B. Post the closing entries. The income summary account is #34 in the ledger of PS Music. Indicate closed accounts by inserting a 0 (zero) in either of the Balance columns opposite the closing entry. No entry is required in theItem column.
4. Prepare a post-closing trial balance.
Answer:
PS Music
1. End of Period Spreadsheet
13 Income Summary (Temporary accounts)
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
Statement of Retained Earnings (Temporary accounts)
11 Retained Earnings
12 Dividends 1,750.00
Balance Sheet (Permanent accounts)
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
2. PS Music
Income Statement for the year ended July 31, 2016
14 Fees Earned $21,200.00
15 Wages Expense $2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00 $16,245.00
Net income $4,955.00
Statement of Retained Earnings for the year ended July 31, 2016
11 Retained Earnings
Net income $4,955.00
12 Dividends 1,750.00
Retained Earnings $3,205.00
Balance Sheet as of July 31, 2016
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
Current assets $16,845.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation (50.00) $7,450.00
Total assets $24,295.00
Liabilities
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00 $12,090.00
10 Common Stock 9,000.00
11 Retained Earnings 3,205.00 $12,275.00
Total liabilities and equity $24,295.00
3. A. Closing Journal Entries:
14 Debit Fees Earned $21,200.00
13 Credit Income Summary $21,200.00
To close the Fees Earned to Income Summary.
13 Debit Income Summary $16,245.00
Credit:
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
To close the expenses to the Income Summary.
13 Debit Income Summary $4,955.00
11 Credit Retained Earnings $4,955.00
To close the net income to retained earnings.
11 Debit Retained Earnings $1,750.00
12 Credit Dividends $1,750.00
To close the dividends to retained earnings.
B. Posting the closing entries:
14 Fees Earned
ACCOUNT TITLE DEBIT CREDIT
Balance 21,200.00
Income Summary 21,200.00
15 Wages Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 2,940.00
Income Summary 2,940.00
16 Office Rent Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 2,550.00
Income Summary 2,550.00
17 Equipment Rent Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,375.00
Income Summary 1,375.00
18 Utilities Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,215.00
Income Summary 1,215.00
19 Music Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 3,610.00
Income Summary 3,610.00
20 Advertising Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,500.00
Income Summary 1,500.00
21 Supplies Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 925.00
Income Summary 925.00
22 Insurance Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 225.00
Income Summary 225.00
23 Depreciation Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 50.00
Income Summary 50.00
24 Miscellaneous Expense
ACCOUNT TITLE DEBIT CREDIT
Balance 1,855.00
Income Summary 1,855.00
11 Retained Earnings
ACCOUNT TITLE DEBIT CREDIT
Income Summary 4,955.00
Dividends 1,750.00
Balance 3,205.00
12 Dividends
ACCOUNT TITLE DEBIT CREDIT
Balance 1,750.00
11 Retained Earnings 1,750.00
4. Post-Closing Trial Balance
August 1, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings 3,205.00
Total 24,345.00 24,345.00
Explanation:
a) Data and Calculations:
PS Music
ADJUSTED TRIAL BALANCE
July 31, 2016
ACCOUNT TITLE DEBIT CREDIT
1 Cash 9,945.00
2 Accounts Receivable 4,150.00
3 Supplies 275.00
4 Prepaid Insurance 2,475.00
5 Office Equipment 7,500.00
6 Accumulated Depreciation
-Office Equipment 50.00
7 Accounts Payable 8,350.00
8 Wages Payable 140.00
9 Unearned Revenue 3,600.00
10 Common Stock 9,000.00
11 Retained Earnings
12 Dividends 1,750.00
13 Income Summary
14 Fees Earned 21,200.00
15 Wages Expense 2,940.00
16 Office Rent Expense 2,550.00
17 Equipment Rent Expense 1,375.00
18 Utilities Expense 1,215.00
19 Music Expense 3,610.00
20 Advertising Expense 1,500.00
21 Supplies Expense 925.00
22 Insurance Expense 225.00
23 Depreciation Expense 50.00
24 Miscellaneous Expense 1,855.00
25 Totals 42,340.00 42,340.00
What is expansionary policy used for?
Answer:
to stimulate an economy
Explanation:
it stimulates the economy by boosting demand through monetary
On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residence for $460,000 because he accepted a new job in another state. Consequently, Alan occupied the home for only 150 days. How much gain must Alan recognize
Answer:
The correct answer is "$8630".
Explanation:
Given:
Residence purchased,
= $400,000
Residence sold,
= $460,000
Alan qualifies,
= [tex]250000\times \frac{150}{730}[/tex]
= [tex]\frac{37500000}{730}[/tex]
= [tex]51370[/tex] ($)
hence,
The gain will be:
= [tex]60000-51370[/tex]
= [tex]8630[/tex] ($)
A firm has an equity beta of 1.2, the risk-free rate is 3.4 percent, the market return is 15.7 percent, and the pretax cost of debt is 9.4 percent. The debt-equity ratio is .47. If you apply the common beta assumptions, what is the firm's asset beta
Answer:
0.82
Explanation:
Calculation to determine the firm's asset beta
Using this formula
Firm's asset beta=Equity beta/(1+/D/E)
Let plug in the formula
Firm's asset beta=1.2/(1+0.47)
Firm's asset beta=1.2/1.47
Firm's asset beta=0.816
Firm's asset beta=0.82 (Approximately)
Therefore the firm's asset beta is 0.82
The following information describes a company's usage of direct labor in a recent period! Actual Hours Used 22000Actual Rate per Hour 15Standard Rate per Hour 14 Standard Hours for Units Produced 23500The direct labor RATE variance is:__________. A. $21,000 Favorable B. $21,000 Unfavorable C. $22,000 Favorable D. $22,000 Unfavorable E. $23,500 Unfavorable The direct labor EFFICIENCY variance is:_______. A. $21,000 Favorable B. $21,000 Unfavorable C. $22,000 Favorable D. $22,000 Unfavorable E. $23,500 Unfavorable
Answer:
Results are below.
Explanation:
Giving the following information:
Actual Hours Used 22,000
Actual Rate per Hour 15
Standard Rate per Hour 14
Standard Hours for Units Produced 23,500
To calculate the direct labor rate and efficiency variance, we need to use the following formulas:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (14 - 15)*22,000
Direct labor rate variance= $22,000 unfavorable
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (23,500 - 22,000)*14
Direct labor time (efficiency) variance= $21,000 favorable
1- Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong . The group of managers that Bill discovers is an example of:
A) an informal interest group.
B) a formal group.
C) A fun group.
D) a quality group.
Answer:
Option B (a formal group) is the correct approach.
Explanation:
The formal groupings are created purposefully as well as deliberately together to focus group members' continued efforts, in particular their workers, towards achieving their corporate goals.It must be utilized to aid this same right decision-making, even though many persons come up with competing processes and strategies which would have been seen as superior choices.The other given choices are not connected to the given instance. So the above is the right choice.
Paula Brock wants to purchase a four-year-old V6 sedan 4-door, which is advertised at $11,925. The car has no air-conditioning and no power seats. It has been driven 49,000 miles. The used-vehicle guide does not indicate any adjustment for this car’s mileage. What is the average retail price for this vehicle?
Answer: $10975
Explanation:
Your question isn't complete as I got more information online.
With regards to the question, since the vehicle has no air-conditioning and no power seats, we are going to deduct their value from the amount that the vehicle is being advertised and thus will be:
Cost of vehicle = $11925
Less: No air conditioning = $800
Less: No power seats = $150
Average retail price = $10975
The average retail price for this vehicle is $10975.
The Freeman Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a:___.
a. debit to Cash of $2,000,000.
b. credit to Discount on Bonds Payable for $80,000.
c. credit to Bonds Payable for $1,920,000.
d. debit to Cash for $1,920,000.
Answer:
d. debit to Cash for $1,920,000
Explanation:
Journal entry
Date Account titles and Explanation Debit Credit
Cash $1,920,000
(2,000*$1,000*0.96)
Discount on Bonds Payable $80,000
(2,000*$1,000*0.04)
Bonds Payable $2,000,000
International trade currently involves about ______________ worth of goods and services moving around the globe.
Answer:
$20 trillion
Explanation:
International trade can be regarded as exchange of capital as well as goods, and services between different international borders/ territories. This is so since there would always be a need or want for a particular goods or services. In most countries,gross domestic product are been represented. Types of international trade are;
1)Export Trade
2)Entrepot Trade.
3)Import Trade
It should be noted that International trade currently involves about $20 trillion worth of goods and services moving around the globe.