Answers
Answer:
fiat
Explanation:
Related Questions
examples of non good services
Answers
Answer:
Examples of non-economic goods are air, water, sunshine, etc. The concept of non-economic goods is relative to place and time.
Explanation:
Non-economic goods are called free goods because they are free gifts of nature. They do not have any price and are unlimited in supply.
Gerrald Express is a partnership business registered in Singapore. The partners are Glenn and Kim. Each of the partners contributed $50,000 as capital to the partnership and they share equally in the profits and losses.
The partnership carries on the business of marketing services. In the financial year ended 31 December 2020, the partnership recorded a net loss of $79,000 after charging the following items of expenses:
Interest on capital paid equally to the partners $5,000
Glenn salary and bonus 12,000
Kim salary and bonus 15,000
Kim’s airfares for business purposes 4,800
Glenn’s taxi fare reimbursements for business 1,200
Motor car expenses reimbursed to employees 3,000
Depreciation 6,000
Interest on loans to fund operating expenses 2,800
Besides his involvement in partnership business, Glenn is also the Executive Officer of a medium size Company in Singapore. He was paid annual remuneration of $78,000 for the year ended 31 December 2020.
His spouse has no income for last year and has 2 children aged 19 and 12. The son is serving National Service and Glenn did not perform any active NS training in the previous year.
Required:
a) Compute the amount of tax adjusted profit or loss of the Gerrald Express partnership for the year of assessment 2021; [8 marks]
b) Compute the assessable income of Glenn for the year of assessment 2021; [12 marks]
c) State the major difference in a partner’s liability to utilise the losses arising from a partnership and from a limited liability partnership. [10 marks]
Answers
Answer:
i dont knowpls mark me as brinlest
Explanation:
At the beginning of the year, The Mann Corporation, a private entity, decided to go public.
A charter of incorporation was constructed which authorized the sale of 10 million shares of $8 par value common stock, 100,000 shares of $800 par value, 8% preferred stock, and 200,000 shares of $40 no-par-value convertible preferred stock.
The following shares were sold as part of the firm's initial public offering:
* 1,000,000 shares of common stock at $80 per share.
* 100,000 shares of $800 par value, 8% preferred stock at $840 per share.
* 100,000 shares of $40 convertible, no-par preferred stock at $440 per share.
At year-end, the full dividend was declared and paid on both preferred stock offerings.
Required
Using a spreadsheet, record the financial effects of the shareholders' equity transactions for The Mann Corporation for the year.
Enter amounts in thousands (i.e., $10,000,000 = $10,000). Use a negative sign with answers to indicate a reduction in an account balance.
The Mann Corporation
Transaction (in thousands)
Common
Shares IPO
8% Preferred
IPO
No-par
Preferred IPO
8% Preferred
Dividend No-par
Preferred
Dividend Balance
Sheet
Totals
Assets
Cash $Answer $Answer $Answer $Answer $Answer $Answer
Shareholders' Equity
Common Stock Answer Answer Answer Answer Answer Answer
APIC - Common Answer Answer Answer Answer Answer Answer
$100 Preferred Stock Answer Answer Answer Answer Answer Answer
APIC-Preferred Answer Answer Answer Answer Answer Answer
$5 Conv. Preferred Answer Answer Answer Answer Answer Answer
Retained Earnings Answer Answer Answer Answer Answer Answer
Total Shareholders' Equity
Answers
The financial effects of the Mann Corporation's shareholders' equity transactions are recorded as follows:
The Mann Corporation
Transactions (in thousands)
Common 8% Preferred No-par Prefer- 8% No-par B/Sheet
Shares IPO Shares IPO red IPO Dividend Dividend Totals
Assets:
Cash $80,000 $84,000 $44,000 ($6,400) ($4,000) $197,600
Shareholders' Equity:
Common Stock $8,000 APIC- Common $72,000
8% Preferred Stock $80,000
APIC- Preferred $4,000
$40 Conv. Preferred $44,000
Retained Earnings ($10,400)
Total Shareholders' Equity $197,600
Data and Calculations:
Authorized Shares:
10 million shares, Common Stock at $8 par value
100,000 shares, 8% Preferred Stock at $800 par value
200,000 shares, Convertible Preferred Stock of $40 no-par value
Analysis of Sales of Shares:
Cash $80 million Common Stock $8 million Additional Paid-in Capital-Common Stock $72 million, 1,000,000 shares issued at $80
Cash $84 million 8% Preferred Stock $80 million Additional Paid-in Capital-8% Preferred Stock $4 million 100,000 shares issued at $840
Cash $44 million Convertible Preferred Stock $44 million
Calculation of Dividends:
8% Preferred Dividend = $6,400,000 ($80 million x 8%)
$40 Convertible Preferred Dividend = $4,000,000 (100,000 x $40)
Thus, the calculation of the dividend of the $40 non-par Convertible Preferred Stock is based on the $40 x 100,000 shares in issue because the $40 is its implied dividend rate just as the 8% is the implied dividend rate of the 8% Preferred Stock.
Learn more: https://brainly.com/question/1416151
A company's environmental sustainability strategy: ____________
a. is incompatible with the triple-bottom-line approach because it does not take into account people and profits.
b. always takes a back seat to strategies designed to improve a company's standing in the marketplace.
c. entails business practices that meet the needs of the future by rationing what is provided to present-day customers.
d. has a strong historical correlation with increases in the well-being of the environment and economic growth.
e. consists of a company's actions to protect the environment, provide for the longevity of natural resources, and maintain ecological support systems for future generations.
Answers
Answer:
A sustainability or corporate responsibility strategy is a prioritised set of actions. It provides an agreed framework to focus investment and drive performance, as well as engage internal and external stakeholders. The starting point for any strategy needs to be why the company is in business.
Explanation:
letter E is the answer
4. Explain how, or even if, the Earned Value method of measuring project progress could be used to accurately measure progress for individual work packages
Answers
It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
The Earned Value method is a standard analyst method used to measure a project's progress at any point in time.
The formula used to Earned Value is by dividing the total project budget by the number of work blocks.In conclusion, It is true that Earned Value method is used to measure a project progress because its work by measuring individual work packages.
Read more about Earned Value method
brainly.com/question/14318045
ou are considering implementing a lockbox system for your firm. The system is expected to reduce the collection time by 3 days. On an average day, your firm receives 1,370 checks with an average value of $880 each. The daily interest rate on Treasury bills is 0.01 percent. The bank charge per check would be $.25. What is the net present value of this lockbox arrangement
Answers
The net present value of this lockbox arrangement is $1,205,378.06.
Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:
((1370 x 880) x 1.0001) - (1370 x 0.25) = X 1,205,720.56 - 342.5 = X 1,205,378.06 = X
Therefore, the net present value of this lockbox arrangement is $1,205,378.06.
Learn more about maths in https://brainly.com/question/25903947
A company provided the following data: sales, $510,000; beginning inventory, $41,000; ending inventory, $46,000; and gross profit, $159,000. What was the amount of inventory purchased during the year?
Answers
Answer:
23.000
Explanation:
Help help help help buissness
Answers
Answer:
A.
Explanation:
Pa brainliest please thank you
correct me if I'm wrong:)
#CARRYONLEARNING
Answer:
A
Explanation:
Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Answers
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
Learn more at:
https://brainly.com/question/1033546
Our emotional reactions to marketing cues are so powerful that some high-tech companies study mood in small doses (in 1/30 of a second increments) as they analyze people's facial reac-
tions when they see ads or new products. They
measure happiness as they look for differences
between, for example, a true smile (which includes
a relaxation of the upper eyelid) and a social smile
(which occurs only around the mouth). Whirlpool
used this technique to test consumers' emotional
reactions to a yet-to-be-launched generation of its
Duet washers and dryers. The company's goal: To
design an appliance that will actually make people
happy. Researchers discovered that even though
test subjects said they weren't thrilled with some
out-of-the-box design options, such as unusual
color combinations, their facial expressions said
otherwise.91 Does the ability to study our emotional
reactions at such a specific level give marketers an
unfair advantage?
Answers
The question which asks whether the ability to study our emotional reactions at such a specific level give marketers an unfair advantage is:
No, I do not think it does.Based on the given question, we can see that the marketers are trying their best to find out the things which makes the possible customers happy at the sight of a new product.
I believe that this is a part of marketing just like taking a market survey to find out how receptive the consumers are of a particular product. I believe it is fair game as it does not violate any ethical rules or legal laws.
Read more about marketing here:
https://brainly.com/question/25754149
Bebe Co is a small company that manufactures and sells high-quality.blouses. Its customers are mainly fashion boutiques.
Bebe Co has two directors, one of who is non-executive. The other is involved in the day-to-day administration of the company. There are ten other employees. Six of these work in the factory, one works in the warehouse, one is a sales representative and two are accounts staff. The accounts staff consist of Miss Ines, who is responsible for processing sales and receivables, and Mrs. Evie, who is the purchases and wages clerk. Mrs. Evie works part-time, five mornings a week. The company's sales representative visits shops throughout the region. He takes orders from customers which he records on a pre-numbered two-part order form. He passes the completed forms to the accounts department. Miss Ines files one copy of the order form in numerical sequence and passes the other to the warehouse.
The completed order is dispatched from the warehouse by the carrier, accompanied by one copy of a dispatch note. The other copy is sent to Miss Ines, who prepares an invoice based on the information it contains and on the company's price list. She sends one copy of the invoice to the customer, and a second copy of the invoice is retained
Each Friday, Miss Ines inputs the week's invoices to the computerized sales ledger. She then files the invoices alphabetically by customer name. Dispatch notes are not retained because filing space is limited. Miss Ines opens the post daily and lists remittances received from credit customers. Every Friday, she inputs the information listed to the sales ledger. Cheques received are banked daily by the executive director.
Miss Ines reviews the sales ledger balances every month and writes to customers who have not paid within 90 days of receiving goods. The sales ledger is printed out annually for year-end purposes. Otherwise, no hard copy is printed, and Miss Ines reviews the sales ledger on the computer screen. The company's computer package includes the facility to produce a sales day book and sales ledger control account. These are not used because Miss Ines considers that the low volume of transactions (10-15 invoices per week) makes them unnecessary.
Requirements
a) Explain the particular issues relating to controls which would affect the audit of a small company such as Knits.
b) List six control objectives of a sales system.
c) State, with reasons, what you consider to be the potential deficiencies in Ecovacs’s present system of accounting for sales and receivables.
d) List and explain the controls that a small firm such as Ecovacs could feasibly adopt to overcome the deficiencies you have identified.
Answers
It should be noted that some of the issues that relate to controls that could affect the audit of a small company include the separation of duties, documentation, etc.
Some of the problems that van lap be faced during the audit include the failure to exercise professional care and the deficiency in confirming account receivables.
The control objectives of a sales system include:
Efficiently executing customers' orders. Raising sales invoices promptly.Revising sales policy.Implementing steps for improving productivity.Increasing sales profitability.Invoicing all goods and services.It should be noted that the deficiencies in the system of accounting include the determination of the face value of the receivables and the length of time the receivable will be outstanding.
Lastly, to avoid the problem above, consideration should be given to the integrity of the firm, and the financial soundness of the company.
Learn more about audit on:
https://brainly.com/question/25259957
With growing dissatisfaction with performance management processes, Agile Manifesto was developed by software developers and emphasized principles of all of these EXCEPT:________.
a. emotional intelligence.
b. regular reflection on how to work more effectively.
c. self-direction.
d. self-organization.
e. collaboration.
Answers
Considering the Agile Manifesto analysis and available options, the correct answer is emotional intelligence.
What is the Agile Manifesto?Agile Manifesto is the document that establishes the fundamental values and standards in the Agile philosophy context.
Agile Manifesto is formulated to assist the development teams in performing their tasks with efficiency and sustainability.
Four Agile Manifesto PrinciplesRegular reflection Self-directionSelf-organizationCollaborationHence, in this case, it is concluded that the correct answer is option A. "emotional intelligence."
Learn more about the Agile Manifesto here: https://brainly.com/question/25820251
Roberto, Incorporated manufactures products A and B. Both products have a contribution margin ratio of 40%. What is the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource? multiple choice $2 per minute $3 per minute $6 per minute $8 per minute
Answers
The contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.
Using this formula
Contribution margin per unit = Contribution per unit / Limiting Factor required per unit
Where:
Contribution per unit=$6
Limiting Factor required per unit=2
Let plug in the formula
Contribution margin per unit=$6/2
Contribution margin per unit=$3 per minute
Inconclusion the contribution margin per unit of the constrained resource for product B, if labor time is the constrained resource is $3 per minute.
Learn more about contribution margin per unit here:https://brainly.com/question/15684424
As a general rule a recession is a decline in real GDP that lasts at least
Answers
Answer:
A recession is a significant economic downturn spread across the economy that lasts more than a few quarters. More specifically, the term is typically defined as a period when gross domestic product (GDP) declines for two consecutive quarters
Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.
b. False
a. True
Answers
Answer:
A.true
am i right
Explanation:
correct me if im wrong
thanks
loveya
In 2012, XYZ Inc., a medical equipment distributor, sold 10,000 units of its hospital beds at an average price of $500 per unit. The company reported estimated returns and allowances of $200,000. The company purchased 11,000 units of its product from its manufacturer in 2012 at an average cost of $350 per unit. XYZ began 2012 with 1,000 units of its product in inventory (carried at an average cost of $300 per unit). Operating expenses (excluding depreciation) in 2012 were $400,000, and the depreciation expense was $100,000. XYZ had $2,000,000 in debt outstanding throughout all of 2012, which carried an average interest rate of 10%. The company’s tax rate is 40%. Its fiscal year runs from January 1 through December 31. Given this information, prepare the following documents: a. XYZ’s 2012 income statement b. XYZ’s 2012 ending inventory balance (both in unit and in dollar terms)
Answers
a. The preparation of XYZ's Income Statement for the year ended December 31, 2012 is as follows:
Net sales revenue $4,800,000
Cost of goods sold 3,450,000
Gross profit $1,350,000
Operating expenses 400,000
Depreciation expense 100,000 500,000
Operating income $850,000
Interest Expense 200,000
Income before taxes $650,000
Taxes (40% x $650,000) 260,000
Net income $390,000
b. The ending inventory balance of XYZ's 2012 is as follows:
Units = (Beginning inventory + Purchases - Sales)
= 2,000 beds (1,000 + 11,000 - 10,000)
Dollars = $700,000 (2,000 x $350).
Data and Calculations:
Units of beds sold = 10,000
Average price per unit = $500
Sales revenue = $5,000,000
Estimated returns and allowances = $200,000
The Net sales revenue is $4,800,000 ($5,000,000 - $200,000).
The Cost of goods sold is $3,450,000 (9,000 x $350 + 1,000 x $300).
The Ending inventory is $700,000 (2,000 units x $350).
Operating expenses = $400,000
Depreciation expense = $100,000
Interest expense = $200,000 ($2,000,000 x 10%)
Tax rate = 40%
Thus, the ending inventory balance of XYZ's 2012 is 2,000 beds, worth $700,000.
Learn more about preparing income statement here: https://brainly.com/question/24470417
Bonnie is going to purchase a billboard to promote her new restaurant. She needs to calculate her gross rating points. What two factors does she need to know
Answers
Given what we know, in order for Bonnie to calculate her "Gross Rating Points" or GPRs, she will need to know how much of the population her ad will reach and how often they will view it.
What are gross rating points?Gross rating points are a system used to measure the effectiveness of ads. In most cases, they are used in a predictive sense to measure how effective an ad may be, then used to measure how effective they were, and offer a before and after comparison. What factors are used to calculate GPRs?In order to calculate the gross rating points, we need to know two factors. The first is the number of people or percentage of the target market, that is reached by the ad.The second is the frequency by which these individuals will view the ad.Therefore, we can confirm that to calculate her GPRs for the billboard ad she wishes to purchase, bonnie will need to know how many people see the billboard each day, and how many times they do so.
To learn more about GPRs visit:
https://brainly.com/question/7463919?referrer=searchResults
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the money supply is ________ billion. A) $8000 B) $1200 C) $1200.8 D) $8400
Answers
Based on the information given the money supply is B) $1200.
Using this formula
Money supply=Currency in circulation+ Checkable deposits
Where:
Currency in circulation=$400
Checkable deposits=$800
Let plug in the formula
Money supply=$400+$800
Money supply=$1,200
Inconclusion the money supply is B) $1200.
Learn more about money supply here:https://brainly.com/question/3625390
A more wordy and complex way to say "we are cringe"
Answers
There are different ways
We are cowersWe are faunywe are toadies .We are trucklesWe are so cringy .Answer:
start shrinkdrawbackshy wince flinch blench blanch dodge duck crouch shudder trembleExplanation:
A complex way to say "we are cringe" are:
we cower.we are shrinking.we are a drawback.we are shy.we are wince.we are finch.we are blench.we are dodge.we are ducks.we are shudder.we are tremble.During the 'Value Articulation' cycle, you are asked to identify whether the solution can be productized for leverage in
future engagements. What would you need to ensure?
Answers
To leverage the productization of solutions identified during the "Value Articulation" cycle, you need to ensure that the solutions gained from the session develop into marketable products.
In all value articulation, the most important factors to consider are as follows:
1. Will the product meet the challenges or desires of potential customers?
2. What are the changes the product will create for the customer?
3. What is the value-added for my organization?
Thus, you must ensure that as the solutions develop into marketable products, they must generate sufficient revenue growth and profitability for the organization.
Learn more about articulating value here: https://brainly.com/question/24309787
Based on the information, it's important to ensure that the solutions gained from the session will enhance the revenue of the company.
Value articulation simply means a framework that's vital in assimilating intellectual property activities within the practices of marketing.
Based on the information given, since the person is asked to identify whether the solution can be productized for leverage in future engagements, it's important to ensure that the solutions gained from the session will enhance the revenue of the company.
Learn more about marketing on:
https://brainly.com/question/25754149
Kevin has a client who wants to invest in an account that earns 3% interest, compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. Assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the tenth deposit is __________.
Answers
Considering the situation described above, the balance of the account (rounded to the nearest dollar) after the tenth deposit is "$56,650."
What is Sinking Fund?Sinking Fund is the term used to describe the fund created by individuals by specifically setting revenue in a particular place like savings over a given period to fund a future capital expense or repayment of long-term debt.
Given that this is more like a Sinking Fund hence, we calculate using the below formula:
S = N [ (1+r)^n - 1 ] /r
where r = 0.030
n = 10 years
N = 5,000
S = 5,000 [ (1.030)^10 -1 ]/.030
= 5,000 [ 1.34 -1 ]/.030
= 5,000 [ 11.33]
= $56,650.
Therefore, we got $6,650 in concern.
Hence, in this case, it is concluded that the correct answer is "$56,650."
Learn more about Sinking Fund here: https://brainly.com/question/10709829
Answer: $57,319
Explanation: I'm positive the answer is $57,319 because I had this same exact test question and my answer was correct.
Concord Company buys land for $49300 on 12/31/17. As of 3/31/18, the land has appreciated in value to $50200. On 12/31/18, the land has an appraised value of $51500. By what amount should the Land account be increased in 2018
Answers
Based on the information given, it can be noted that revaluation of assets isn't applicable to land. Therefore, the amount will be $0.
Revaluation of assets simply mean the change in the market value of assets. It can either be increasing or decreasing.
From the information given, the amount that the land account be increased in 2018 is $0 because revaluation of assets isn't applicable to land.
Learn more about assets on:
https://brainly.com/question/11209470
Which of the following is not a type of trademark? fanciful arbitrary simple suggestive
Answers
Considering the available options, the choice that is not a type of trademark is "Simple."
What is a Trademark?Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.
Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.
Different types of TrademarksThere are four major categories of Trademarks which include the following:
Coined or Fanciful trademarkArbitrary trademarkSuggestive trademarkDescriptive trademarkHence, in this case, it is concluded that the correct answer is "Simple."
Learn more about Trademarks here: https://brainly.com/question/11957410
Answer:
The answer is B
Explanation:
got it right on edge 2022
while calculating the coefficient of correlation between two variables x and y, the following results were obtained: n=25,
Answers
Answer:
therefore,the domain of the logarithmic function y=x is the set of positive real number and the range is the set of rwal number.
dont KNOW FIND IT YOURSEF
Answers
Answer: What is your business question?
Okie help help buissness help help
Answers
Answer:
B
Explanation:
LRAS can do both
Two groups have different uses for a local field. A bird watching society enjoys studying the ground-nesting swallows that visit each summer. A mountain bike camp prefers to use the field to build jumps and hold other events and receives a benefit of $1,000 from using the field. When it does, the activities scare away the birds and the bird-watching society faces a wealth reduction of $700. What is the optimal use of the field during the summers
Answers
The optimal use of the field during summer season is to provide the field to the bird watching society.
The optimal use of the field during summer season is to avoid the mountain bike camp and allow the bird watching society to enjoys studying the ground nesting swallows that visit each summer because bike camp can be planned at any other location.
But the birds can't nested except this place so the field should allow the bird watching society to enjoys studying the ground nesting swallows on the field so we can conclude that the optimal use of the field during summer season is to provide the field to the bird watching society.
Learn more about field here: https://brainly.com/question/7227990
Learn more: https://brainly.com/question/26053891
During the current year, merchandise is sold for $21,100 cash and $341,700 on account. The cost of the merchandise sold is $217,200. What is the amount of the gross profit
Answers
Answer:
$235,900
Explanation:
i hope she is your answer
The gross profit is $145,600. A company's gross profit is equal to its total sales less its total cost of products sold. Total sales include all goods sold by the company.
What are COGS?The total amount your company paid as a cost directly tied to the selling of products is known as the cost of goods sold. Depending on your industry, this could include resale products, raw materials, packaging, and direct labor associated with making or selling the product.
Given
Cash Sale = $21,100
Credit Sale = $341,700
COGS = $217,200
Required to Calculate the amount of the Gross Profit =?
Gross Profit = Sales - COGS
Gross Profit = 341,700 + 21,100 - 217,200 = $145,600.
Thus, the gross profit is $145,600. On the surface, a gross profit margin ratio of 50 to 70% appears to be healthy, and it is for many types of businesses, including retailers, restaurants, manufacturers, and other goods makers.
Learn more about Gross Profit here:
https://brainly.com/question/18567528
#SPJ2
Which of the following is classified as
M22
A large certificates of deposit
B gold and silver
C money market accounts
Answers
Hope this helps sry if I’m wrong
Click this link to view O'NETS Wages and Employment section for Licensing Examiners and Inspectors. According
to O'NET What is the projected growth for this career belveen 2019 and 2029
little or no change
average
slower than average
faster than average
Answers
According to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected growth for this career between 2019 and 2029 is D. faster than average.
The career growth rate for Licensing Examiners and Inspectors is projected to be 10% year-on-year. This growth rate cannot be described as little or no change, average, or slower than average.
Thus, according to O'NETS Wages and Employment section for Licensing Examiners and Inspectors, the projected career growth between 2019 and 2029 is Option D.
Learn more about career growth rate for Licensing Examiners and Inspectors at brainly.com/answer expert verified