If the selling price is $6.00, the break-even point will be achieved when the number of books sold is 200,000 units.
Break-even point (BEP) is a situation in which the profit is zero or the company does not gain profit or loss.
Recall that:
Profit = revenue - total cost
Since profit = 0, hence the condition for break-even point is:
revenue = total cost
Revenue = number of units sold x selling price per unit
Total cost = fixed cost + variable cost per unit x number of units sold
In the given problem, given parameters are:
selling price = $6.00
fixed operating cost = $600,000
variable cost = $3.00 per book
Let:
p = number of unit sold
Hence,
revenue = 6 x p = 6p
total cost = 600,000 + 3p
Condition for BEP:
revenue = total cost
6p = 600,000 + 3p
3p = 600,000
p = 600,000/3 = 200,000
Hence, the BEP achieved if the number of books sold is 200,000 units.
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when is it appropriate to recognize a liability for an asset retirement obligation? (select all that apply.) multiple select question.
At the inception of the asset's life if a legal obligation exists it is appropriate to recognize a liability for an asset retirement obligation.
How can asset retirement obligations be determined?
Obligations related to asset retirement are originally recorded at fair value in the period in which they are incurred, provided that it is reasonably possible to anticipate the size of the liability. If the ARO occurs over time or as a result of a change in the legislation, determining the proper date of recognition may be difficult.
What does it mean by asset retirement obligation?
An obligation under the law known as an asset retirement obligation is connected to the permanent removal of a long-lived asset from service. At the balance sheet date, the obligation is recorded at the best estimate of the amount needed to pay it off.
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as a commercial banker, which objective outside source should you use to supplement your business development calls?
The objective outside source that you should use to supplement your business development calls, as a commercial banker, is C. Credit Bureaus.
What happens in business development calls ?Business development calls happen when a lender needs to ascertain the credit worthiness of a person or business that is trying to acquire a loan from them.
The business development call involves the various processes that the person will need to get involved in. As a commercial banker who loans money to people, they will need to call an objective source to supplement the process and one such source would be a credit bureau. These credit bureaus have credit histories and ratings of different entities and so would be objective.
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Options for this question include :
A. Relatives B. The World BankC. Credit BureausD. Other bankerswhen analyzing variances, it is most likely that management will direct their attention to: (select all that apply). multiple select question. large and unfavorable variances small and unfavorable variances small and favorable variances large and favorable variances
when analyzing variances , it is most likely that management will direct their attention to large and unfavorable variances.
What are the top three applications of variance analysis?Businesses can use this comparison to assess historical data, keep tabs on costs, and more effectively plan for expenses in the future. Material variance, labor variance, and fixed overhead variance are the three basic categories of variance analysis. Variance in the context of accounting simply means the discrepancy between projected and actual numbers. Favorable variances are defined as increased income and decreased expenses. Unfavorable variations are defined as decreased revenues and increased expenses.
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which of these is not reported on schedule l, balance sheets per books? depletable assets. value of the business. inventories. mortgages, notes, and bonds payable in less than one year.
Basically, a Schedule L - Balance Sheet contains the Assets which equals the Liabilities and Equity (Capital Stock, Paid in Capital and Retained Earnings) that existed in the corporation on the first and last day of the tax year.
A agency is an enterprise—normally a collection of humans or a organization—authorized by way of the country to act as a unmarried entity (a criminal entity diagnosed by means of personal and public regulation "born out of statute"; a prison character in criminal context) and recognized as such in law for certain functions.[1]: 10 Early included entities had been installed by using charter (i.e. via an ad hoc act granted by way of a monarch or handed by means of a parliament or legislature). most jurisdictions now permit the advent of recent corporations via registration. corporations are available in many differing types however are usually divided by using the law of the jurisdiction wherein they may be chartered based totally on factors.
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2. the production function and economic growth the production function of a hypothetical economy is: q
Suppose the hypothetical economy's real GDP moves from point A to point B in the graph below, based on the production function Q = T (L,K), Hence:
location of point B is most likely at: Q2 = 0.5 (4,6) (C)This condition is plausibly caused by the rise of the amount of capital such as inreasing interest rates (C) which could attract more public and private investment and provide more capital for the economy.The production function demonstrates the relationsip between the amount of productive factors to the amount of output produced. The production factors are consisted of labor level, technology level, and capital level. The production function could measure an economy's marginal productivity of a particular factor.
Based on the case, we know that the production function of the hypothetical economy is:
Q = T(L,K)
We have point A with position Q = 0.5 (4,5). Point B is located right above the point A. This information shows that the amount of output at point B is higher than point A. However, point B is located in line with point A in the X-axis. It shows that the amount of labor in both scenarios stay the same.
This analysis could eliminate few options we have, and come into the right answer for point B's location where Q2 = 0.5(4,6) (C).
The movement of point A to point B, shows that there is an increase in the output of products in the economy. However, the straight vertical position of both points demonstrates the equal x-axis position. Knowing that the x-axis represents the labor force level, we could conclude that the amount of labor force level in both scenario did not change.
We need to find another reason why there is an increase in output when there is no change happen in the labor force level. Using the production function concept, we know that the labor force level is not the only production factor that could impact the output level. There are technology and capital factors as well.
However, considering the production function of both points, we notice that the only change happened in the capital factor. There are some scenarios caused the increase in the capital factor of an economy, such:
Increase in the interest rate. This condition may encourage public and private sector to save and invest more money to bank. Those money then could be lend to manufacturer to generate the production in a form of capital.Lower depreciation rate may encourage public and private sector to purchase and invest more in property and other fixed assets which allow bank to receive more money to be offered as loan for manufacturer use as capital.Learn more about Production Function here: https://brainly.com/question/14041523
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Complete Question
The production function of a hypothetical economy is:
Q = T(L,K)
The Q stands for real GDP; the T stands for the technology coefficient; the L stands for labor, and the K stads for capital. The graphical representation of this production function is given as follows.
Suppose that the economy is currently at point A, where:
Q1 = 0.5 (4,5)
Now suppose the economy moves to point B on the graph. Which of the following expression is most likely to represent the new real GDP?
a. Q2 = 0.5 (5,5)
b. Q2 = 0.5 (3,5)
c. Q2 = 0.5 (4,6)
d. Q2 = 0.5 (4,4)
Which of the following could plausibly cause the change you just observed?
a. A fall in interest rates
b. A fall in labor taxes
c. A rise in interest rates
d. A rise in labor taxes
when creating a project plan, you include important points within the schedule that indicate progress. which project plan component does this represent? 1 point
A project milestone contains certain crucial dates on the schedule that show progress.
A milestone is a pointer in a project that denotes a development stage or change. Because they highlight significant developments and illustrate how your project is progressing, milestones are important parts of project management.
Through the course of your project, milestones serve as guideposts to keep you on course. Without tracking project milestones, you're only keeping an eye on tasks and may not be moving in the correct direction.
Project milestones can help you convey what is occurring with your project and do more than just demonstrate progress.
Milestones are a convenient method to quickly observe important dates or deliverables when designing a gantt chart. That implies that everyone who sees your gantt chart may immediately determine how things stand right now.
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entrepreneurship combines the creativity, business smarts, passion, and work of the traditional entrepreneur with a social mission. a.nascent b.contemporary c.conventional d.social e.modern-day
A modern-day social mission is combined with the creativity, business acumen, passion, and work of the classic entrepreneur in entrepreneurship. Basically, starting, running, and managing a new business constitutes entrepreneurship.
What is entrepreneurship?To earn money while assuming financial risk. In order to produce goods or services for a profit, capital and labor are combined through entrepreneurship. By establishing a company to carry out their idea, entrepreneurs make their dream a reality. Entrepreneurs are essential to market economies since they may be the engine of the country's economic growth. By creating new products and services, they promote job growth by stimulating new employment.
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at the walmart warehouse where you are cross-training, boxes packed for shipping are periodically checked to ensure that they contain the items listed on the shipping statement. which form of operational control is this? preaction postaction screening preliminary
a) This could be considered operational control, but it would be more accurately classified as a pre-action control.
A warehouse is a commercial space used to store finished goods and raw materials in industries such as manufacturing and distribution.
A warehouse control system is a tool that controls and manages all of the automated elements in an installation, allowing all of their movements to be coordinated. In other words, it is in charge of automated handling equipment such as miniload systems or AS/RS for boxes, stacker cranes for pallets, sorters, and conveyors.
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during 2022 patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return?
During 2022 Patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return is 2000$.
What is the Income tax?Income taxes are levied against individuals or groups based on their earnings as well as profits. Income taxes are normally calculated by multiplying tax rates by taxable income. Depending on the characteristics of the taxpayer and their source of income, tax rates may vary.
Businesses and individuals are subject to income taxes (or family units). Personal income taxes are computed based on the earnings received. Typically, it is categorized as a tax because the burden is thought to fall on the people who pay it.
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Contribution Margin Ratio, Break-Even Sales Revenue, Sales Revenue for Target Profit
Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of $22 each in the coming year. Total variable costs equal $1,086,800. Total fixed costs equal $8,000,000.
Part a: The contribution margin per unit is $13.64 per unit and the contribution margin ratio is 0.62
Part b: The sales revenue needed to break even is $12,903,226.
Part c: The sales revenue needed to earn a target profit of $245,000 is $13,298,387
Part d: The contribution margin per unit is $15.14 per unit, the contribution margin ratio is 0.6443, the sales revenue needed to break even is $12,416,576 and the sales revenue needed to earn a target profit of $245,000 is $12,796,834
Under cost-volume-profit (CVP) analysis, all costs are classified as either variable or fixed. When costs are classified like this, break-even and target-profit analyses can be conducted. The break-even point is the same as the target profit analysis where the profit is zero. The break-even point and target profit can be expressed in sales revenue or units sold.
Part a:
Contribution Margin per Unit
The contribution margin per unit is calculated using the following formula.
Contribution margin per unit = Selling price per unit - Variable cost per unit
To calculate the variable cost per unit, use the following formula.
Variable cost per unit = Total variable costs / Units sold
Variable cost per unit = $1,086,800 / 130,000 units = $8.36 per unit
Contribution margin per unit = $22 per unit - $8.36 per unit = $13.64 per unit
Contribution Margin Ratio
The contribution margin ratio is calculated using the following formula.
Contribution margin ratio = Contribution margin per unit / Selling price per unit
Contribution margin ratio = $13.64 per unit / $22 per unit = 0.62
The contribution margin ratio is 0.62.
Part b:
The break-even point is sales revenue is calculated using the following formula.
Break-even sales revenue = Total fixed costs / Contribution margin ratio
Break-even sales revenue = $8,000,000 / 0.62 = $12,903,226
The sales revenue needed to break even is $12,903,226.
Part c:
The sales revenue needed to earn a target profit is calculated using the following formula.
Sales revenue = (Total fixed costs + Target profit) / Contribution margin ratio
Sales revenue = ($8,000,000 + $245,000) / 0.62 = $8,245,000 / 0.62 = $13,298,387
The sales revenue needed to earn a target profit of $245,000 is $13,298,387.
Part d:
Contribution Margin per Unit
The selling price increased but there is no change to the variable cost per unit or the total fixed costs.
Contribution margin per unit = $23.50 per unit - $8.36 per unit = $15.14 per unit
The contribution margin per unit is $15.14 per unit.
Contribution Margin Ratio
Contribution margin ratio = $15.14 per unit / $23.50 per unit = 0.6443
The contribution margin ratio is 0.6443.
Break-even Sales Revenue
Break-even sales revenue = $8,000,000 / 0.6443 = $12,416,576
The sales revenue needed to break even is $12,416,576.
Sales Revenue for a Target Profit
Sales revenue = ($8,000,000 + $245,000) / 0.6443 = $8,245,000 / 0.6443 = $12,796,834
The sales revenue needed to earn a target profit of $245,000 is $12,796,834.
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in short, vcs look for , big markets, and innovative ideas. a. midsize companies b. local companies c. early seed funding d. great teams
VCs are interested in strong teams, sizable markets, and ground-breaking concepts. As a result, choice (D) is the appropriate approach.
What are VCs?A private equity investor known as a venture capitalist (VC) lends money to businesses with strong development potential in exchange for an equity stake. This could involve providing beginning capital or aiding small businesses that want to grow but lack access to equity markets.
An investor who gives start-up businesses funding in exchange for equity is known as a venture capitalist (VC).
New businesses frequently turn to VCs for the money they need to grow and market their products.
Venture capitalists frequently fail because of the risks involved in making investments in startups. However, the returns are significant for those investments that do succeed.
Hence, option (D) is accurate.
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humberto is fairly cautious when analyzing a new project and thus he projects the most optimistic, the most realistic, and the most pessimistic outcome that can reasonably be expected. which type of analysis is he using?
Humberto is using Scenario Analysis.
Scenario analysis is the process of calculating the expected value of a portfolio after a specified amount of time, on the assumption that certain changes in the values of the portfolio's securities or significant circumstances, like an interest rate shift, would occur.
Scenario analysis is frequently used to calculate changes in a portfolio's value as a result of a negative event and can be used to look at a worst-case scenario.
The accuracy of a scenario analysis depends on the analyst's inputs and presumptions.
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over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are the only transactions affecting the investing activities, it will report net cash flows from investing activities of .
The net cash flows from investing activities that Over Armoir will report, will be - $11, 000.
How to find the cash flows from investing activities ?In the statement of cash flows, the cash flows from investing activities will relate to anything that has to do with cash involving the trade of fixed assets, and capital assets belonging to other companies such as stock.
The cash flow from investing activities here would be:
= Purchase of patent + Purchase of equipment
= 1, 000 + 10, 000
= $11, 000
As these were cash outflows, they will denoted as negatives to be - $11, 000.
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A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a discount of 7% from the purchase price. Assume the product sells for $100. a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 4 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan a-2 Which is a better deal? O Installment plan O Pay in ful b-1. Calculate the present value if the payments on the 4-year installment plan do not start for a ful year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan b-2. Which is a better deal?
A cash flow's discounted present value is its present value.When we have investment options that have cash flows at various points in time, this is helpful.A common basis for comparison is provided by computing present values in this situation.
The present value of each option must be calculated because cash outflows will occur at different times for each option.
25% down and 25% to go.
The idea of present value states that the same amount of money today will be worth more in the future.To put it another way, money received in the future has less value than money received today.Getting $1,000 today is worth more than $1,000 a long time from now.
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How is the marketing department involved in the technical and marketing development stage of the product development process?.
They evaluate product prototypes with their intended audience to determine the best marketing strategy for the new product.
What does the product development process entail?All of the procedures required to bring a product from conception to market availability are included in the product development process. This entails determining a market need, studying the competitive landscape, envisioning a solution, creating a product roadmap, creating a minimal viable product, etc.
How significant is the product development process?Before releasing your items on the market, it's critical to use product development strategies to ensure that they provide value for your potential clients, that there is a market for them, and that they are of the greatest possible quality.
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you want to see detailed marketing campaign data by linking a new ads account to your analytics property. where in your analytics 4 property can you manage product links such as this one with ads?
In Analytics, open the Analytics 4 property to be linked and select “Admin” at the bottom left and then “Ads Linking”.
What do you mean by analytics?Computer science's analytics discipline looks for useful patterns in data using arithmetic, statistics, and machine learning. The process of analytics, also known as data analytics, is sorting through enormous data sets to find, decipher, and share fresh information. Data analytics is the study of examining unprocessed data to draw inferences about that data.
A company can increase productivity, maximize profit, or make better judgments based on data analytics to improve performance. Individuals and businesses can use data analytics to make sense of their data. Raw data is often examined for trends and insights by data analysts. They employ a range of strategies and tools to assist businesses in making decisions and achieving success.
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the tables show the spending and revenue for littleland in 2010. use the tables and other information to answer the questions. spending category value (millions) education $320$320 welfare and social security $890$890 health care $270$270 defense $120$120 payments on debt $170*$170* other $240$240 *this payment covers total interest owed only. revenue category value (millions) income tax $800$800 sales tax $270$270 corporate tax $300$300 social insurance $340$340 gdp in 2010: $7.3$7.3 billion total debt as of 2009: $3.5$3.5 billion how much money (in millions) did littleland need to borrow in 2010 to finance its government spending? $$ million at the end of 2010, what was littleland's debt to gdp ratio? give your answer to the nearest whole percentage point.
In 2010, the Littleland want to borrow $300 million to finance its government spending. At the quit of 2010 what was once Littleland's debt to GDP ratio is 52%.
What determines government spending?The authorities particularly dollars its spending on the economy via tax revenues it earns. However, when revenue is inadequate to pay for expenditures, it inns to borrowing.
Borrowing can be short-term/long-term and entails selling government bonds/bills.
How do you calculate debt-to-GDP ratio?The debt-to-GDP ratio is a formula that compares a country's complete debt to its monetary productivity. To get the debt-to-GDP ratio, divide a nation's debt by means of its gross domestic product
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https://brainly.com/question/28843291#SPJ4the following data are given for harry company: budgeted production 26,000 units actual production 27,500 units materials: standard price per ounce $6.50 standard ounces per completed unit 8 actual ounces purchased and used in production 228,000 actual price paid for materials $1,504,800 labor: standard hourly labor rate $22.00 per hour standard hours allowed per completed unit 6.6 actual labor hours worked 183,000 actual total labor costs $4,020,000 overhead: actual and budgeted fixed overhead $1,029,600 standard variable overhead rate $24.50 per standard labor hour actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)
The direct labor rate variance is
a.$33,000 unfavorable
b.$5,490 favorable
c.$5,490 unfavorable
d.$33,000 favorable
The direct labor cost variance for the company is $33,000 unfavorable.
What is direct labor cost?An expense that can be clearly and consistently attributed to or linked to the production of a good, the completion of a specific task, or the rendering of a service is referred to as direct labor cost. Additionally, we can say that it represents the price of the labor put in by those employees who really create the product on the assembly line. The steps involved in calculating direct labor costs are arranging the work to be done, outlining the job's requirements in terms of skill, knowledge, and other factors, and matching the jobs to the workers. The payment made to the employee each hour as recompense for the work completed is known as the wage.
Direct Labor time variance = (Actual Hours x Standard Rate) - (Standard Hours x Standard Rate)
= (183,000 x $22 = $4,026,000) - ((27,500 x 6.6)
= $33,000 (unfavorable)
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Mathew purchased 100 shares of Blue Corporation for $100 per share. Currently, the stocks of Blue Corporation are trading at $175. Which of the following is the return on Mathew’s investment in one share?Question 11 options:65%50%75%80%40%
75% is the return on Mathew’s investment in one share if he purchased 100 shares of Blue Corporation for $100 per share.
Since Mathew purchased 100 shares at the price of $100 per share and now the stocks are trading at a price of $175, therefore if he sells the share he will gain $75 for each share. The return on Mathew’s investment in one share can be therefore calculated as follows;
Return on Mathew’s investment = profit ÷ purchase price
Substituting the values to determine the return on investment;
Return on investment = 75 ÷ 100
Return on investment = 0.75
Converting it into percentage by multiplying by 100 as follows;
Return on investment = 0.75 × 100 = 75%
Therefore; the return on investment in one share is calculated to be 75%
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jeff is driving down the road. jeff is texting, drinking a diet soda, and playing with the radio. ricardo is driving on the road in the opposite lane of traffic. ricardo is eating chicken wings and checking out a cute girl that is walking on the sidewalk adjacent to the road. jeff and ricardo hit each other head on. jeff sustains $100,000 in damages. ricardo sustains $10,000. it is determined that jeff was 75% at fault and ricardo was 25% at fault. under a contributory negligence statute, what is ricardo's possible recovery from jeff for his injuries?
Under the Contributory Negligence Statute, the possible recovery of Ricardo from Jeff for the injury would be $0 as both parties have contributed to the injury. Jeff was 75% at fault and Ricardo was 25% at fault.
Under contributory negligence, the plaintiff would not be able to recover or he would be barred from recovering if the plaintiff acted negligently and contributed to the accident and injury. The plaintiff would be barred from recovering from being 1% or more contributed to the accident. The individual or plaintiff has a duty to act as a reasonable person and when the person or plaintiff does not act as a reasonable person and contribute to the accident, the plaintiff would be held entirely or partially responsible for the accident even though the other party is also responsible for the accident. So in this case, Ricardo would not be entitled to damages.
An injury is harm for your body. it is a popular time period that refers to damage because of injuries, falls, hits, guns, and greater. within the U.S., thousands and thousands of humans injure themselves each 12 months. those injuries range from minor to lifestyles-threatening.
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from the perspective of an odm, what are the pros and cons of entering into an arrangement with iuiga? what are some actions that an odm could take to mitigate these cons? why would these proposed actions provide appropriate mitigation?
ODM (Original Design Manufacturer) (Original Design Manufacturer) This type of manufacturing is also known as private labelling. With ODM, you contact a manufacturer of an existing product.
Typically through a site like manufacturing , and have the product branded with your company's name and logo. You can sometimes request changes. The ODM owns the "rights" to the product because it was designed by it. Example: Phone cases and chargers are examples of ODM-created products, which are more common in the food industry . ODMs allow a company to bring a product to market without having to completely design the hardware or invest in production facilities.
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sheridan Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (364,000 units) Cost of goods sold Gross profit Operating expenses Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Crane receives a special order for 18,600 toasters at $7.95 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45)) Revenues Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cost of goods sold Operating expenses $4,371,000 2,589,600 1,781,400 Net income (b) 841,750 $939,650 Crane Company $ $ Reject Order Should Crane accept the special order? the special order. Accept Order $ Net Income Increase (Decrease)
By analyzing the variance in cost and revenue between two or more choices, incremental analysis is a decision-making method that aids in the selection of the optimum alternative.
What is incremental analysis?To evaluate financial data and arrive at a choice between two or more options, a decision-making tool called incremental analysis is utilized. Businesses utilize incremental analysis to examine any cost variations between different options. By incorporating accounting and financial data into the decision-making process, the technique enables the prediction of results for various alternatives and outcomes. Revenues, expenses, and potential outcomes of the options can all be determined by incremental analysis. The incremental analysis method might be more sophisticated depending on the issue at hand, as seen in the example below, which succinctly demonstrates the principle. To supplement their current revenue streams, Company ABC is thinking about and assessing two new business categories.
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Based on the stockholders' equity section of Your Nesting Place, answer the following questions. Remember that all amounts are presented in thousands. 3. If the common shares were issued at
$23
per share, at what average price per share were the preferred shares issued? 4. If retained earnings at the beginning of the period was
$243
million and
$23
million was paid in dividends during the year, what was the net income for the year?
According to the company's articles of incorporation, authorized share are the most shares it is permitted to offer to investors.
What does incorporation mean?How does incorporation work? By registering with a state, a business can get incorporated and become its own legal body. By incorporating, you may be creating one of several legal entities, such as an S-corporation, C-corporation, or limited liability business (LLC).
What does incorporation serve to accomplish?What do the articles of incorporation serve? Incorporators are crucial records since they demonstrate legally that your business has been set up in your state.
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you have a business where employees are often called away from their desks for 30 minutes or more at a time. many do not shut down or lock their computers before walking away because they don't want to take time to log on again when they return.
You run a company where employees are frequently called away from their desks for up to 30 minutes at a time. Because they don't want to spend the time to log on again when they get back, many people don't shut down or secure their laptops before leaving.
An employee is a person hired by an employer to do a certain task. Employers are in control of determining an employee's wage, hours worked, and working conditions. An employer can hire an employee to perform a specific task in exchange for perks that contractors are not entitled to. Contrary to contractors, who enjoy greater independence than employees, an employer has control over what an employee accomplishes and how it will be carried out. The employee is hired by the company after being chosen as an employee through an application and interview process. The candidate is chosen once the company determines that they are the most qualified candidate for the position for which they are employing.
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Jake Anderson Company had the following transactions involving notes payable. June 1, 2014 Borrows $70,000 from First National Bank by signing a 9-month, 12% note. Dec. 1, 2014 Borrows $90,000 from Sycamore State Bank by signing a 3-month, 10% note. Dec. 31, 2014 Prepares adjusting entries. Mar. 1, 2015 Pays principal and interest to Sycamore State Bank. Mar. 1, 2015 Pays principal and interest to First National Bank. Instructions:(a) Prepare journal entries for each of the transactions shown above.(b) What effect do the 12/31/14 entries have on assets, liabilities, and stockholders’ equity?(c) What amount of interest expense is reported in the 2014 income statement and in the 2015 income statement?
(a)$4,900, $750 and $5,650 for Dec 31, 2014 entry and $1,500, $1,400 for March 1, 2015 entry. (b)This effect increases liabilities and decreases stockholders equity by $5,650 (c) $5,650 in 2014 and $2,900 in 2015.
For Dec 31, 2014 entry:
Interest expense on First National =Borrowed x Interest rate x(June 1 to
Dec 31/12 month)
= $70,000×12% x(7 month /12 month)
= $4,900
Interest expense on Sycamore state Bank =Borrowed× Interest rate x(
Dec 1 to Dec 31/12 month)
= $90,000×10%x(1 month/12
month)
= $750
Interest expense on stockholders Dec 31, 2014 = $4,900+$750
= $5,650
For March 1, 2015 entry:
Interest expense on Sycamore state Bank =Borrowed × Interest rate x(
Jan 1, 2015 to March 1,
2015/12 month)
= $90,000×10%x(2 month/12
month)
= $1,500
Interest expense on First National Bank =Borrowed × Interest rate x(Jan 1,
2015 to March 1, 2015/12 month)
= $70,000×12%x (2 month/12
month)
= $1,400
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how long does the insured have to request the supplemental extended reporting period after expiration of a claims-made cgl?
Within 60 days of the expiration date, the insured must submit a written request for the additional ERP.
Can I use it after the date of expiration?Most foods that are shelf-stable are completely safe. In reality, if the can itself is in good shape, canned products will survive for years (no rust, dents, or swelling). Even while packaged items (cereal, pasta, and cookies) may ultimately go bad or take on an unpleasant flavor, they will still be safe to eat after the "best by" date.
How much past the expiration date is too far?Products like hamburger meat that is from three to five out of season, yolks, and turkey that is one to 2 days out of date are usual (3 to 5 weeks past the date). If you're worried about the safety of the meal, use your nose.
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a stock has an expected return of 6.5 percent, the risk-free rate is 1.1 percent, and the market risk premium is 5 percent. what is the stock's beta?
The stock's beta is 1.08
Expected return = Rf + beta (Rm - Rf)
Rf = risk free rate = 1.1%, Rm - Rf = RPM = 5%
6.5% = 1.1% + beta (5%)
5.4% = beta (5%)
beta = 1.08
Answer : 1.08
Beta is a concept that measures the expected movement of a stock relative to the overall market movement. A beta greater than 1.0 indicates that the stock is more volatile than the broader market, and a beta less than 1.0 indicates that the stock is less volatile.
Stocks with a beta value of less than 1 perform more smoothly because their movements are quieter than the market, but they usually rise when the market rises and fall when the market falls. Securities with negative betas typically move in the opposite direction of the market.
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Which person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors?.
Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors
What exactly does the Treasurer do?
The U.S. Mint, the Bureau of Engraving and Printing, and Fort Knox are all directly under the oversight of the Treasurer of the United States, who also works closely with the Federal Reserve. The Treasurer also acts as the Secretary's principal counselor on neighborhood development and public involvement.
What abilities should a treasurer possess?
What are a treasurer's key competencies? You can gain in-depth accounting skills and improve your grasp of investing and banking to develop your career as a treasurer. Consider honing some fundamental abilities like communication, analysis, specifics, and management.
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before contacting your insurance company to find out what it will cost to insure your potential new car, what information is required to receive a valid quote?
Year car made, manufacturer, model and cost are the information which is required to receive a valid quote.
Insurance is a manner to manage your threat. When you purchase insurance, you buy protection in opposition to sudden financial losses. The insurance organisation pays you or someone you select if something terrible occurs to you.
Insurance is a financial protection internet, assisting you and your loved ones get better after some thing horrific happens — including a fire, theft, lawsuit or car twist of fate.
Whilst you purchase insurance, you may get hold of an insurance coverage, that's a prison agreement between you and your insurance issuer.
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__________ refers to such tactics as paying people to say good things about a product on the Internet or setting up multilevel selling schemes that reward people for directing their friends to a company's website.
viral marketing
Viral marketing refers to strategies like paying customers to promote a product online or building up multilevel marketing programs that pay customers to bring their friends to a business's website.
What characteristics define viral marketing?The aim of viral marketing is to produce engaging content that users share with their social networks. As a result, the message grows exponentially through marketing, cutting down on the amount of money the business must spend promoting its goods while maximizing brand awareness within the target demographic.
How successful is viral advertising?Because it generates the interest and desire necessary to drive demand for a good or service, viral marketing is so effective. It's intended to stir up excitement out of thin air. It multiplies itself by word of mouth and is crucial in today's commercial world.
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