Answer:
Demon Deacons Corporation
Adjusted Trial Balance:
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 4,320
Supplies 740
Deferred Revenue $ 1,800
Salaries Payable 700
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 47,480
Salaries Expense 32,700
Rent Expense 2,160
Supplies Expense 2,660
$ 66,380 $ 66,380
Explanation:
a) Data and Calculations:
The December 31, 2021, unadjusted trial balance for
Demon Deacons Corporation is presented below.
Accounts Debit Credit
Cash $ 9,400
Accounts Receivable 14,400
Prepaid Rent 6,480
Supplies 3,400
Deferred Revenue $ 2,400
Common Stock 11,000
Retained Earnings 5,400
Service Revenue 46,880
Salaries Expense 32,000
$ 65,680 $ 65,680
Adjustments:
DR Rent Expense $2,160 CR Prepaid Rent $2,160
DR Deferred Revenue $600 CR Service Revenue $600
DR Salaries Expense $700 CR Salaries Payable $700
DR Supplies Expense $2,660 CR Supplies $2,660
In this exercise you will be evaluating the economic condition of the country and making decisions in order to keep the economy level. The amount of money in circulation has a tremendous effect on the economy and inflation. Imagine if you found $100,000 in cash floating around your front yard. What would you do with it
Shelly could increase the discounting rate to help stabilize the economy. Shelley is the Chairman of the European Reserve. She is in responsible for making Fed choices that will affect the country's economy, and she must base her decisions on current market data.
What is monetary policy?Monetary policy in the United States comprises the Federal Reserve's activities and communications in order to foster optimum employment, steady prices, and moderate long-term interests rates—the three macroeconomic goals that the Congress has authorized the Federal Reserve to pursue.
The president has made repeated public declarations claiming that the business has been performing well in recent years and that the dollar has being strong. Because the president is unwilling to use fiscal strategy to slow the economy, it is up to you to employ monetary policy.
As a result, the increase the discounting rate to help stabilize the economy.
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You are the manager of an off-site airport auto rental office. An employee has informed you that the shuttle bus driver, who is a reformed alcoholic, was recently arrested on a driving under the influence charge. He is your most reliable employee; however, you are concerned with the safety of your employees and customers.
Questions:
1. What is the ethical dilemma?
2. Name all the primary and secondary stakeholders
Primary:
Secondary:
3. What would an individual that believed the following ethical foundations recommend that you should do (not a definition)? In other words, put yourself in the place of that philosophy to determine your recommendations.
Cultural relativism:
Subjectivism:
Religion:
4. Which response, if any comes closest to your thinking? Explain why or why not?
5. Response Question
Should a company’s concern for the safety of its employees and customers override the medical needs of a single employee? Explain why or why not?
The ethical dilemma is whether u wanna look at the safety at staff or customers or wanna remove the driver from the job bc he could get drunk
Customers and staff- primary stakeholders
staff union and future shareholders of the company bc the image of the bus company will get harmed- secondary stakeholders
i only know the answer to the first 2 hope this helps x!!
Many businesses will set the ________
through their organizational leadership.
A. Human resource policies
B. Company policies
C. Morality procedures
D. Ethical Tone
Answer:
D. Ethical Tone
Explanation:
Ethical tone can be regarded as mood as well as tenor that is been set by leaders about right and wrong choices or between admirable not admirable forms of behaviour in an organization. It should be noted that Many businesses will set the Ethical Tone through their organizational leadership.
You purchased 100 shares of IBM common stock on margin at $130 per share. Assume the initial margin is 50%, and the maintenance margin is 30%. Below what stock price level would you get a margin call
Answer:
$46.43
Explanation:
Calculation for Below what stock price level would you get a margin call
First step is to calculate the Loan amount
Loan amount=(100 shares × $130 × 0.5
Loan amount= $6,500 × 0.5 = $3,250
Now let calculate Stock price level
0.30 = (100P $3,250)/100P
30 - P = 100P - $3,250
30-100P= - $3,250
-70P = -$3,250
P=$3,250/70
P = $46.43
Therefore Below what stock price level would you get a margin call will be $46.43
Text aids are sources of information regarding the contents of a book or document.
Please select the blest answer from the choices provided
От
Of
Answer:
TRUE
Explanation:
Text aids are sources of information regarding the contents of a book or document a true statements. Thus, option A is correct.
What is a text aid?Text aids provide sources of knowledge on a book's or document's topics. When we first proceed to read it, the knowledge in document aids can assist us to comprehend its meaning.
Most nonfiction texts make use of text aids. Characteristics in the text draw the editor's attention to particular sections and aid in the identification of key concepts.
The reader is provided with additional details that back up it text through the use of illustrations in the form of photos or infographics. This helps in a better understanding of the texts that are provided. Also, it can illustrate a book and also help in giving an example.
Therefore, option A is the correct option.
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A social media ad costs $2 per person reached and 60% purchase. A traditional media ad costs $0.10 per person
reached and 2% purchase. Which is more effective?
Answer: it’s social media
Explanation:
Social media would be more effective than the traditional media as social media promotes the product and services very quickly. Unlike traditional media, the results from the social media are often in real-time.
What are the differences between the social and traditional media?Social media refer to the applications and websites that allow the users to create and share the content online and participate in social networking. Social media marketing allows for more fluid and personalized messaging.
Traditional media refers to the form of mass communication that was available before the development of digital media. Traditional media generally includes newspapers, radio, magazines, and television.
Basically, social media has number of benefits that indicate how social media is more effective than traditional media. It generally include the ability to communicate with your consumers in a two-way format.
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Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product
Answer:
The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.
Explanation:
Which franchise model do automobile dealerships usually follow?
(plato)
Question 8 of 10
Which of the following is an example of comparative advertising?
A. A toothpaste maker claims that its product prevents more cavities
than other brands.
B. A local restaurant chain runs ads for their weekly lunchtime
specials
C. Advertisements for cigarettes carry a warning that smoking may
cause health problems.
D. A snack foods maker labels its products "100% organic," even
though the snacks are not made from any organic ingredients.
Answer:
A. A toothpaste maker claims that its product prevents more cavities
than other brands.
- Just took the quiz !!
In your own understanding what is credit collection policy?
Answer:
A credit collections policy is a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit, customer qualification criteria, procedure for making collections, and steps to be taken in case of customer delinquency”.Answer:
a document that includes “clear, written guidelines that set the terms and conditions for supplying goods on credit
Explanation:
Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.
1. Soo uses leadership skills to guide a group of people in religious worship.
2. Jacqueline stays calm even when counseling patients who are angry or upset.
3. Brent uses math skills to help people fill out financial paperwork.
4. Nakisha provides therapy to families and has a master’s degree in Psychology.
5. Tao pays close attention to what patients say and how they behave during counseling sessions.
6. Adam lifts and carries young children while playing with them outdoors.
Answer:
Jacqueline, Nakisha, Tao or B, D, E
Explanation:
got it right
Answer:
B. Jacqueline stays calm even when counseling patients who are angry or upset.
D. Nakisha provides therapy to families and has a master’s degree in Psychology.
E. Tao pays close attention to what patients say and how they behave during counseling sessions.
Explanation:
edge 2021 :)
stay safe and good luck <3
ony Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 4 years to overhaul the engine on his vintage used car. While there is some uncertainty about the cost of engine overhauls in 4 years, by conducting some research online, Tony has developed the following estimates. Engine Overhaul Estimated Cash Outflow Probability Assessment $330 10% 460 30% 750 50% 950 10% Click here to view factor tables How much should Tony Bowie deposit today in an account earning 9%, compounded annually, so that he will have enough money on hand in 4 years to pay for the overhaul
Answer:
Tony should deposit $454.10 today so that he can have $641 in 4 years
Explanation:
first we must determine the expected value of the repairs = ($330 x 0.1) + ($460 x 0.3) + ($750 x 0.5) + ($950 x 0.1) = $641
so now we have our future value
present value = future value / (1 + 9%)⁴ = $641 / 1.41158 = $454.10
Tony should deposit $454.10 today so that he can have $641 in 4 years
Evaluate an open economy from the spending approach in order to get the three sectorial balances, private, external, and public.
Answer:
GDP for an open economy from the spending approach follows this equation:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
It can also be written as:
GDP = C + I + G + NX (X - N)
The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.
Assuming the Coase theorem applies, an efficient allocation of a resource will result ... A. only if the government acts to internalize externalities. B. through negotiations between the parties involved. C. only if there are no externalities. D. only if the party responsible for the externality has the property rights. E. only if the party affected by an externality has the property rights.
Answer:
B. through negotiations between the parties involved.
Explanation:
correct answer is through negotiations between the parties involved because According to Coase theory, priority rights are best defined by negotiation between the parties involved and there is no transaction cost in negotiations. The Coase theory states that when transaction costs are low, both parties can negotiate and reach an effective outcome in the presence of an outsider.Income tax in a certain state is calculated as follows on the first 1000 at 2%,3% on next 2000,4% on the next 3000 and 5% there after.Find the tax to be paid by an individual who earns an income 2500 per mont, a.his income tax. b.his percentage tax?
Answer:
This person must pay an income tax of $ 65, which represents 2.6% of his monthly income.
Explanation:
Given that income tax in a certain state is calculated as follows: on the first $ 1000 at 2%, 3% on next 2000, 4% on the next 3000 and 5% there after, to find the tax to be paid by an individual who earns an income of $ 2500 per month, and his percentage tax, the following calculations must be performed:
2500 - 1000 = 1500
1000 x 0.02 = 20
1500 x 0.03 = 45
20 + 45 = 65
2500 = 100
65 = X
65 x 100/2500 = X
2.6 = X
Thus, per month, this person must pay an income tax of $ 65, which represents 2.6% of his monthly income.
On May 1, 2020, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98, but the fair value of the warrants cannot be determined.Instructionsa. Prepare the entry to record the issuance of the bonds and warrants.b. Assume the same facts as part (a), except that the warrants had a fair value of $30. Prepare the entry to record the issuance of the bonds and warrants.
Answer:
A. Dr Cash $2,040,000
Dr Discount on Bonds Payable $40,000
Cr Bonds Payable $2,000,000
Cr Paid-in Capital—Stock Warrants 80,000
B. Dr Cash $2,040,000
Dr Discount on Bonds Payable $20,594
Cr Bonds Payable $2,000,000
Cr Paid-in Capital—Stock Warrants $60,594
Explanation:
A. Preparation of the entry to record the issuance of the bonds and warrants.
Dr Cash 2,040,000
[(2,000*$1,000 )*1.02]
($2,000,000 *1.02=2,040,000)
Dr Discount on Bonds Payable $40,000
[(1 – .98) *$2,000,000]
Cr Bonds Payable $2,000,000
(2,000*$1,000 )
Cr Paid-in Capital—Stock Warrants 80,000
[$2,040,000 – ($2,000,000 * .98)]
(Being to record issuance of the bonds and warrants)
b. Preparation of the Journal entry Assume the same facts as part (a), except that the warrants had a fair value of $30
First step is to calculate the Total market value
Market value of bonds without warrants $1,960,000
($2,000,000 * .98)
Add Market value of warrants $60,000
(2,000 * $30)
Total market value $2,020,000
($1,960,000+$60,000)
Now let prepare the journal entry
Dr Cash $2,040,000
($2,000,000 *1.02=2,040,000)
Dr Discount on Bonds Payable $20,594
[($2,000,000+$60,594-$2,040,000]
Cr Bonds Payable $2,000,000
(2,000*$1,000 )
Cr Paid-in Capital—Stock Warrants $60,594
[($60,000/$2,020,000)*$2,040,000]
(Being to record issuance of the bonds and warrants)
The term "lifestyle brand" refers to those hotels that appeal to people purely on the basis of price.
False
True
Answer:
false these brands appeal to people by location, theme, accommodations and etc
Explanation: brainliest plz
Financial statement analysis: Multiple Choice is primarily used to identify account values that meet the normal standards. is limited to internal use by a firm's managers. provides useful information that can serve as a basis for forecasting future performance. provides useful information to shareholders but not to debt holders. is enhanced by comparing results to those of a firm's peers but not by comparing results to prior periods.
Answer:
The correct answer is the third option: Provides useful information that can serve as a basis for forecasting future performance.
Explanation:
To begin with, the name of "Financial Statement Analysis" refers to a process done by the managers of a company in the field of businesses that focus primarily in the observation of the financial accounts that the organizations has in order to be able to determine better decision so that they could earn better profits in the future avoiding mistakes previously done. Therefore that this type of analysis has the purpose of providing useful information for the managers so that they can establish better ways of acting and performing in the field.
What types of home products are manufactured in your locality? Write with examples..
please help
Explanation:
tell me how I do this question
The kinds of the product apart from food products normally bought by customers for domestic usage could be considered as home products. A further explanation is provided below.
Products such as soap goods, home cleansers, and food packaging things, but not furniture or perhaps even equipment, as well as other similar products, typically not entirely eaten throughout one annum, are much more assurance.The household items using cotton linter encompass healthcare apparel, felt as well as paper of extremely high quality.
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year, Pietro expects to produce 48,700 units and sell 48,000 units at a price of $18.00 each. Beginning inventory of finished goods is $39,500, and ending inventory of finished goods is expected to be $31,000. Total selling expense is projected at $28,500, and total administrative expense is projected at $123,000. Required: 1. Prepare an income statement in good form. Rou
Answer:
See below
Explanation:
The above is an incomplete question. However, from a similar question, we will prepare the statement as requested.
Income statement
Sales [48,000 × $18]. $864,000
Cost of goods sold. $436,100
Gross sales $428,000
Less operating expenses
Selling expenses $28,500
Administrative expenses $123,000
Operating income $282,700
Calculation of cost of goods sold
Direct materials
Opening stock $6,000
Purchases $117,500
Less ending ($5,900). $117,600
,
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at Group of answer choices prices at and above the equilibrium price. prices at and below the equilibrium price. prices above and below the equilibrium price, but not at the equilibrium price. the equilibrium price but not above or below the equilibrium price.
Answer:
the equilibrium price but not above or below the equilibrium price.
Explanation:
At equilibrium price, quantity demanded equals quantity supplied. At this point, buyers are able to buy all they want to buy and sellers are able to sell all they want
Above equilibrium price, there would be a surplus. the quantity supplied would exceed the quantity demanded. Sellers would not be able to sell all they want in this case
Below the equilibrium price, there would be a shortage. the quantity demanded would exceed the quantity supplied. buyers would not be able to buy all they want
Green Corporation reported pretax book income of $1,028,000. During the current year, the net reserve for warranties increased by $51,400. In addition, tax depreciation exceeded book depreciation by $107,000. Finally, Green subtracted a dividends received deduction of $25,700 in computing its current-year taxable income. Green's cash tax rate is:
Answer:
the cash rate is 92.09%
Explanation:
The computation of the cash tax rate is shown below:
= Pre tax income + increased net reserve warranties - book depreciation - dividend
= $1,028,000 + $51,400 - $107,000 - $25,700
= $946,700
Now the cash rate is
= $946,700 ÷ $1,028,000 × 100
= 92.09%
Hence, the cash rate is 92.09%
WILL MARK BRAINLIEST HELP!
Which option is typically only used when utilizing self joins?
display name
alias
relationship
primary key
Answer: Relationship
Explanation: Got it right on edge
The controller of Sandhill Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Month Total Maintenance Costs Total Machine Hours January$2,8803,820 February3,2734,364 March3,9286,546 April4,6328,619 May3,4915,455 June4,8448,730 (a1) New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $Type your answer here
Answer:
(a) The variable-cost components using the high-low method is $0.37.
(b) The fixed-cost components using the high-low method is $1,442.97.
Explanation:
Note: This question is not complete and the data in its are merged together. The complete question with the sorted data is therefore presented before answering the question as follows:
The controller of Sandhill Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month Total Maintenance Costs Total Machine Hours
January $2,880 3,820
February 3,273 4,364
March 3,928 6,546
April 4,632 8,619
May 3,491 5,455
June 4,844 8,730
(a) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
(b) Determine the fixed-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
The explanation of the answer is now given as follows:
(a) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
From the data given, the highest Total Maintenance Costs and Total Machine Hours in April, while the lowest are in January. Therefore, we have:
Variable cost per hour = (Highest Total Maintenance Costs - Lowest Total Maintenance Costs) / (Highest Total Machine Hours - Lowest Total Machine Hours = ($4,632 - $2,880) / (8,619 - 3,820) = $1,752 / 4,799 = 0.365076057511982
Rounding to 2 decimal places as required, we have:
Variable cost per hour = $0.37
Therefore, the variable-cost components using the high-low method is $0.37.
(b) Determine the fixed-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
Total cost = Total Fixed Cost + Total Variable Cost ................. (1)
Where;
Total Variable Cost = Variable cost per hour * Hours at a particular Total Maintenance Costs
Using highest levels of activity and substitute into equation (1), we have:
$4,632 = Total Fixed Cost - ($0.37 * 8,619)
Total Fixed Cost = $4,632 - ($0.37 * 8,619) = $4,632 - $3,189.03 = $1,442.97
Therefore, the fixed-cost components using the high-low method is $1,442.97.
Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?
Answer:
408.611%
Explanation:
Identify the correct pattern of a compound-complex sentence
Answer:
A complex sentence combines a dependent clause with an independent clause. When the dependent clause is placed before the independent clause, the two clauses are divided by a comma; otherwise, no punctuation is necessary.
Explanation:
:)
Depreciation for Partial Periods Clifford Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 120,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019$ fill in the blank 1 2020$ fill in the blank 2 Sum-of-the-years'-digits method 2019$ fill in the blank 3 2020$ fill in the blank 4 Double-declining-balance method 2019$ fill in the blank 5 2020$ fill in the blank 6 Activity method 2019$ fill in the blank 7 2020$ fill in the blank 8 For each method, what is the book value of the machine at the end of 2019
Answer:
Clifford Delivery Company
1. Depreciation Expense for 2019 and 2020:
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750 = $14,400 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$21,600 20/120 * $33,000
= $6,600 = $11,000 = $8,640 = $5,500
2. Book value at the end of 2019:
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation
Expense 4,950 $10,313 $10,800 $2,200
Book Value, End
of 2019 $31,050 $25,687 $25,200 $33,800
Explanation:
a) Data and Calculations:
Cost of delivery truck = $36,000
Purchase date = April 1, 2019
Estimated useful life = 5 years or 120,000 miles
Residual value = $3,000
Depreciable amount = $33,000 ($36,000 - $3,000)
Annual straight-line depreciation expense = $6,60 ($33,000/5)
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750/12*9 = $14,400 /12*9 = $2,200
= $4,950 = $10,313 = $10,800 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$25,200 20/120 * $33,000
= $6,600 = $11,000 = $10,080 = $5,500
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation 4,950 $10,313 $10,800 $2,200
Book Value End
of 2019 $31,050 $25,687 $25,200 $33,800
a) The straight-line method divides the depreciable amount by the number of useful life to get an amount that is charged every year.
b) Sum of the years digit method sums the years and uses the denominator to apportion the depreciable amount, with the first year having the largest number as numerator.
c) Double-declining method doubles the straight-line rate and depreciates on declining value of the asset. It apportions more cost in the earlier years. For the last year, consideration is then given to the salvage value because the asset cannot be depreciated more than its depreciable amount.
d) Activity method calculates the depreciation expense based on the activity usage.
9
Select the correct answer from each drop-down menu.
divided by the
Per capita GDP of a country is the
Reset
Next
Answer:
Total of quantity of goods produce, number of citizens
Explanation:
Those are the missing fill in the blank
Answer:
Total of quantity of goods produce, number of citizens
:
Draw an indifference curve for an individual
showing that
a. good X and good Y are perfect complements.
b. item X becomes a bad after 4 units.
c. item Y becomes a bad after 3 units.
d. MRS is increasing for both X and Y
Answer:
Air jordan shoe rack and pinion to be there at noon
Which of the following are
examples of natural resources? (Check all that apply)
Gold
Fish
Factories
Money
Answer:
fish, gold
Explanation:
I just know trust me