Answer:
RIKABRM8MPUF929FJC
Explanation:
John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except rent and interest) $35,000 Rent paid on a leased building for 18 months beginning December 1 $40,500 Prepaid interest on a bank loan, paid on November 1, for the next 6 months $12,000 Four months' rent received on a leased building, on December 1 $10,000 Instructions: Calculate John's income under the cash basis for his business. You must show your work computations to receive full credit.
Answer:
John
John's business income, based on a cash basis:
= $42,500
Explanation:
a) Data and Calculations:
Cash received from sales of products $120,000
Four months' rent received
on a leased building, on December 1 $10,000
Total receipts $130,000
Cash paid for expenses
(except rent and interest) $35,000
Rent paid on a leased building
for 18 months beginning December 1 $40,500
Prepaid interest on a bank loan, paid on
November 1, for the next 6 months $12,000
Total expenses $87,500
Income $42,500
b) Under the cash basis, accounting for a business does not differentiate the period the expenses and revenue are incurred. The only issue for consideration is the time cash is exchanged.
In an effort to address the troubled economy, ..."For the ninth time in just over a year, the Federal Reserve is expected to cut interest rates, quite possibly its last reduction in this downturn." Rates have not been this low "... since 2003, when the economy was growing at a snail's pace." www.csmonitor, 10/28/2008 The Fed's rate cuts will ________ bank reserves and ________.
Answer:
decrease bank reserves; decrease the exchange rate and real GDP
Explanation:
The Federal reserve uses various monetary policies to regulate cash flow in the economy with a view of managing various indices like inflation, GDP, deflation, and so on.
Interest rate is one of the monetary policies that can be used to.vonttol the economy.
When interest rate is high cost of borrowing cash from commercial banks will be high so people are discouraged from borrowing. There is higher reserve in banks, and cash flow is restricted.
However in a situation where the economy is troubled the Federal Reserve will reduce interest rate.
This results in cheaper cost of borrowing funds, commercial bank reserves will reduce because of increased outward flow of cash.
As the cash in the economy is in excess the rate at which it exchanges for foreign currencies will fall.
This in turn results in more money being spent on foreign goods and will reduce real GDP
write a number which is the product of two prime number
Answer:
2 x 3 = 6. ...............
Someone broke into your apartment and stole all of your stuff. Luckily, you
have renter's insurance. How do you request that your insurance pay for
the lost items?
A. file a claim
B. Write a deductible
C. Submit a powerpoint presentation
D. Prepare a lease
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Answer: A, file a claim
Explanation:
I hope this helped!
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Answer:
A. file a claim
Explanation:
The answer is A. If you are on TeachBanzai because I did this a couple months ago and got 100%
which of the following jobs typically requires an associate’s degree
you never added the jobs...
A firm has EBIT of $375,000, interest expense of $75,000, preferred dividends of $6,000 and a tax rate of 40 percent. The firm's degree of financial leverage at a base EBIT level of $375,000 is
Answer: 1.29
Explanation:
The following can be deduced from the question:
EBIT = $375000
Interest expense = $75000
EBT = EBIT - Interest Expense
= $375000 - $75000
= $300000
Before tax preference dividend
= Preferred dividend / (1 - Tax rate)
= 6000 / (1 - 40%)
= 6000 / 60%
= 6000 / 0.6
= $10000
The firm's degree of financial leverage will then be:
= EBIT / (EBIT - Interest expense - Before tax preference dividend)
= 375000 / (375000 - 75000 - 10000)
= 375000 / 290000
= 1.29
Therefore, the firm's degree of financial leverage is 1.29.
50 points pls give good answer
What do you think you'd like best about working as a hospitality manager?
Answer:
What I would like best as working as a hospitality manager, is to make sure my establishment/place of work is running smoothly. Whether that requires me to keep up with finances, or just general peace keeping. I would ensure that my customers were 100% satisfied and felt welcome their entire stay.
Explanation:
Explanation:
I Like To Keep My Patients Healthy And Safe..
DUE TODAY PLEASE HELP T^T
After you complete your self-assessment, you should compare it with a description of your career choice.
False
True
Answer:
i think its true
Explanation:
Answer:
Probably True.
After you complete a self-assessment you should compare it with a description of your career choice. This could be helpful,
Tony wants to pay off his credit card balances within 12 months. He is trying to decide if he should use his $1,000 in savings to pay off part of the balances or if he should transfer the balances to a new card with a low introductory rate. The new credit card has an introductory rate of 7% but charges a balance transfer fee of $75 for each balance transfer. Evaluate Tony's options and recommend the debt management plan that would give him the lowest monthly payment.
Answer: pay off all of credit card A, and $206 of credit on card B. transfer the remaining balance of credit card B to the new card
Explanation:
Tony's options and recommend the debt management plan that would give him the lowest monthly payment. He Transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.
What do you mean by Transfer?The movement of resources, money, or ownership rights from one location to another is referred to as a transfer. The procedure by which ownership of money or property is transferred to a new owner is also referred to as a transfer.
There are two major approaches you can take if you want to pay off a credit card with another credit card: a balance transfer or a cash advance. Both can be possibilities to think about in an emergency, but there are a few key differences that must be understood before choosing one over the other.
Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt.
Therefore, Tony transfer the remaining balance of credit card B to the new card and pay off all of credit card A and the $206 remaining on card B.
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Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn
Answer:
c
Explanation:
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what are 2 possible reasons for unemployment?
Answer:
Frictional unemployment.Structural unemployment.Identify the 5 various ways do marketers categorize service businesses and organizations?
Answer: The five basic forms of consumer market segmentation are demographic, geographic, psychographic, benefit, and volume.
Explanation:
What do you think are the most important components of budgeting? Why?
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
I need help please. I just need verification if these are the right answers- if not, then please correct me.
Help please
////////////
Answer:
What is this for???
Explanation:
Answer:
this is not school work its work work please dont post this stuff
Explanation:
Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056
What is a tagline?
(Principles Of Business Management)
Answer:
Explanation:
A tagline is a short phrase used in marketing campaigns of a business to sum up the value of a brand or its products and create a positive brand impression.
Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Answer:
d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Explanation:
Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.
What's the answer I need help ASAP!!
Answer:
B
Explanation:
When creating a budget, it is best to consider your ______________________ income.
A. Daily
B. Weekly
C. Monthly
D. Yearly
Answer:
Monthly income
Explanation:
you plan ahead
Answer:
c
Explanation: Monthly income
A special type of project team that focuses on the verse in designing a implement a new product is a
Answer:
Product development team.
Explanation:
Product development team is special type of team which is formulated for designing a product and implement a new product. The product development team is responsible for the research of the new product and then formulae design for the product and then implement the product.
Why might a company that sells advanced lighting systems include a technical specialist on its sales teams?done
A.To provide deep knowledge about the product and how it can help customers
B.To focus on completing sales accurately and courteouslyclose
C.To deliver selling that is less expensive but involves good human relations skills
D.To call on buyers further down the marketing channel than the company's own customers
A company that sells advanced lighting systems might include a technical specialist on its sales teams: A. To provide deep knowledge about the product and how it can help customers.
When customers come to buy the lighting systems, some of them might make extensive inquiries about the lighting systems.
The lay sales representative might not have full knowledge of the questions being asked.
So, it becomes necessary to employ a technical specialist who can provide deep knowledge about the product.
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Answer:
A to provide deep knowledge about the product and how it can help customers
Explanation:
Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answer: skill-based pay systems
Explanation:
Jim Smith borrowed $2,000 at a 6% add on rate for two years What is the finance charge ? Show your calculations below.
Answer:
the finance charge is $420
Explanation:
Finance charge constitutes Interest cost to be paid on the loan. Interest compensate the lender for forgoing the alternative of investing the money elsewhere.
Annual finance charge :
Interest charge = $2,000 x 6% = $120
After two years :
Interest charge = $120 x 2 = $420
Therefore, the finance charge is $420.
You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed?
Answer:
EAR= 0.072 = 7.2%
Explanation:
Giving the following information:
Nominal interest rate= 7%
Number of periods= 12 months
To calculate the Effective Annual Rate (EAR), we need to use the following formula:
EAR= (1 + nominal rate/number of periods)^number of periods
EAR= [(1 + 0.07/12)^12] - 1
EAR= 0.072 = 7.2%
Multiple Choice
Which argument would you use to get a friend to look at the Bureau of Labor Statistics Web site before choosing a career path?
O BLS can tell you if you'll get a position or not after graduation.
BLS can tell important information about education needed, how much demand there is for each job, and approximate pay rates.
O BLS can tell you what kind of boss you will have
O BLS can tell you exactly which career is perfect for your personality
Answer:
can tell important information about education needed, how much demand there is for each job, and approximate pay rates.
Explanation:
Outsourcing is __________. ANSWER Unselected making a high-level, often strategic, decision regarding which products or services will be provided internally and which will be provided by external supply chain partners Unselected organizational strengths or abilities, developed over a long period, that customers find valuable and competitors find difficult or even impossible to copy Unselected the use of supply chain partners to provide products or services Unselected the use of resources within the firm to provide products or services
Answer:
the use of supply chain partners to provide products or services.
Explanation:
In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.
When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.
Hence, outsourcing refers to the use of supply chain partners to provide products or services.
Someone copied a library video and sold the copies to friends. This is an
example of ____.
A. embezzlement
B. intellectual property theft
C. cybercrime
D. shoplifting
its be fasho cause i learned about it
Someone copied a library video and sold the copies to friends. This is an example of intellectual property theft. Hence, option B is correct.
What is intellectual property theft?Intellectual property theft occurs when a person or organization has their invention, creative expression, or idea taken from them. When someone commits IP theft, they can also be stealing trade secrets, copyrights, trademarks, or patents. Names, logos, insignia, inventions, client lists, and more fall under this category.
Manufacturing, selling, or distributing fake or stolen commodities, such as trademarks, industrial designs, literary works, or creative works, for financial benefit is considered an intellectual property crime.
Loss of client confidence. A reputational hit. reduction in revenue and expansion of the company. loss of advantage in the marketplace.
Thus, option B is correct.
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9.Not Answered 10.Not Answered Question Workspace Which of the following statements is CORRECT? a. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase. b. An increase in inventories will have no effect on the current ratio. c. A reduction in inventories will have no effect on the current ratio. d. If a firm increases its sales while holding its inventories constant, then, other things held constant, its fixed assets turnover ratio will decline. e. A reduction in the inventory turnover ratio will generally lead to an increase in the ROE.
Answer:
a. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.
Explanation:
Inventory turnover ratio is defined as the number of times that stock is used up during a given period. It determines the number of times a business needs to restock.
For example a business may have to replenish stock twice a year.
The formula is
Inventory turnover ratio = (Cost of goods sold) ÷ (Average Inventory)
If sales increases it will cause an increase in cost of goods sold. That is the numerator in the equation.
As inventory is held constant the denominator rains the same.
So an increase in sales will result in an increase in inventory turnover ratio
When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the alternatives from the largest to the smallest initial investment.
O True
O False
Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.