What types of equipment does the business need to operation efficiently and successfully?

Answer:

The answer is below

Explanation:

To have a successfully running business, there is generally important equipment that a company must possess and operate.

Therefore, the types of equipment the business need to operate efficiently and successfully are:

1. Business Telephone System

2. Computer system and software

3. Computer Networks and Internet connection

4. Multifunction printer

5. Shredder

6. Smartphone

7. Mailing Equipment

Juan Pablo and Zak are competitors in a local market. Each is trying to decide if it is better to advertise on TV, on radio, or not at all. If they both advertise on TV, each will earn a profit of $8,000. If they both advertise on radio, each will earn a profit of $14,000. If neither advertises at all, each will earn a profit of $20,000. If one advertises on TV and other advertises on radio, then the one advertising on TV will earn $12,000 and the other will earn $10,000. If one advertises on TV and the other does not advertise, then the one advertising on radio will earn $24,000 and the other will earn $8,000. If both follow their dominant strategy, then Juan Pablo will:________

a. advertise on TV and earn $8,000.
b. not advertise and earn $20,000.
c. advertise on TV and earn $22,000.
d. advertise on radio and earn $14,000

Using demand and supply diagram, analyse the likely effect of an incr

advertising on the equilibrium price and equilibrium quantity of a products in the market​

John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2013, Way to Go has assets of $669,000 and liabilities of $161,000. Using the accounting equation, determine the following amounts:
a. Owner's equity as of December 31, 2013.
b. Owner's equity as of December 31, 2014, assuming that assets decreased by $127,000 and liabilities decreased by $39,000 during 2014.

On January 1, Wei company begins the accounting period with a $35,000 credit balance in Allowance for Doubtful Accounts. On February 1, the company determined that $7,800 in customer accounts was uncollectible; specifically, $1,400 for Oakley Co. and $6,400 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $1,400 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received.

Fill in the missing amounts.

Sunland Company Monty Corp.
Sales revenue $92,000 _______$
Sales returns and allowances _______ 5,200
Net sales 86,000 108,000
Cost of goods sold 55,900 _______
Gross profit ________ 41,040
Operating expenses 13,760 ______
Net income _______ 21,600

Sheffield Company had the following department data: Physical Units Work in process, July 1 30600 Completed and transferred out 165500 Work in process, July 31 45900 All materials are added at the beginning of the process. What is the total number of equivalent units for materials in July? 211400. 242000. 165500. 180800.

Martin, a manager at a theme park in Texas, has noticed that Jess, one of the employees, seems to be having interpersonal problems with some of the other employees and it is affecting his department's service. Martin doesn't want to fire Jess, so he spends extra time with Jess listening to his concerns and helping him figure out ways to correct his performance problems. Martin is acting as _____ .


a friend

a coach

a mentor

a counselor

In each of the following situations, indicate whether the 50% reduction for meals applies.
Each year, the employer awards its top salesperson an all-expense-paid trip to Jamaica.
The employer has a cafeteria for its employees where meals are furnished at cost.
The employer sponsors an annual Labor Day picnic for its employees.
Every Christmas, the employer gives each employee a fruitcake. The taxpayer gives business gifts to her clients at Christmas.

a. A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the seller’s (1) assets, (2) liabilities, and (3) owner’s equity?
b. Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,000 owed. What is the effect of the payment on the total amount of the seller’s (1) assets, (2) liabilities, and (3) owner’s equity?
c. Is it true that a transaction always affects at least two elements (Assets, Liabilities, or Owner’s Equity) of the accounting equation? Explain.

3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register. The purchase is documented by having the store employee write on a piece of paper a description of the item that was purchased and the amount that was paid. The employee then signs the paper and puts it in the register. (a) Weakness: select a weakness select a weakness Principle: select a principle select a principle (b) Recommended Change:

During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following:

Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight-line)
Machine A $55,000 $12,300 7 years $24,400 (4 years)
Machine B 15,800 2,700 5 years 7,860 (3 years)

The machines were disposed of in the following ways:

a. Machine A: Sold on January 2, for $35,100 cash.
b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal).

Required:
Give the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year.

give me three types of internal recruitment​

Item 2 Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $45,000 and $69,000, respectively. The company expects to collect 30% of its credit sales in the month of the sale, 60% in the following month, and 10% is deemed uncollectible. What amount of cash collections from credit sales would the company include in its cash budget for the second month

Shotter Manufacturing is a small textile manufacturer using machine hours to calculate the single indirect cost rate to allocate manufacturing overhead costs to various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the jackets to be made for Jackson High School Science Olympiad. Shotter ManufacturingJackson High School Job Direct materials$25,000$600 Direct manufacturing labor$5,000$150 Manufacturing overhead costs $30,000 Machine hours (mh)50,000 machine hour 800 machine hour Required: a) For Shotter Manufacturing, determine the annual manufacturing overhead cost allocation rate. b) Determine the amount of manufacturing overhead costs allocated to the Jackson High School job. c) Determine the estimated total manufacturing costs for the Jackson High School job.

Some say the office culture today has become "too nice" Which statement would
not be heard in that type of setting?
"No need to go out of your way I get it later
"Did you see the new menu in the cafeteria There goes my diet."
"Can you believe that the boys expects us to stay late and does not even ask."
"How was your weekend? Were you able to get up to the lake house?"
"Did Joe get into the college of his choicer know you hoped it also came with a
I
good financial package

The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strategies (top and bottom for player 1 and left and right for player 2). The letters in the boxes represent the payoffs based on the combination of strategies chosen, so if the choices are (bottom left), player 1 receives a payoff of eand player 2 receives a payoff off.
Player 2
Game Matrix Left Right
Player 1 Top a,b c,d
Bottom e, f g h
If (top, left) is a dominant strategy equilibrium, which of the following must be true?
a) A hf.
b) g> C.
c) b>d.
d) c>g.
e) aze.
Which of the following statements is true?
A. No Nash equilibrium is also a dominant strategy equilibrium.
B. No dominant strategy equilibrium is also a Nash equilibrium.
C. Every dominant strategy equilibrium is also a Nash equilibrium.
D. Every Nash equilibrium is also a dominant strategy equilibrium.

Explain the types of FDI

You are on a business trip from Portugal to the United States for 90 days, and you have a per diem expense account of 400 euros, no receipts required. This per diem is advanced to you before the trip (36,000 euros). You deposit it into your checking account and use your Portuguese (euro) credit card to cover your costs while in the United States. After the first two weeks of your trip, the dollar weakens against the euro by 15 percent. What ethical dilemma might this currency fluctuation present for you? How will you handle it?

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to compete with Burger King. The contract spans eight months. Burger Boy promises to pay $78,000 at the end of each month. At the end of the contract, Velocity either will give Burger Boy a refund of $26,000 or will be entitled to an additional $26,000 bonus, depending on whether sales at Burger Boy at year-end have increased to a target level. At the inception of the contract, Velocity estimates an 80% chance that it will earn the $26,000 bonus and calculates the contract price based on the expected value of future payments to be received. At the start of the fifth month, circumstances change, and Velocity revises to 60% its estimate of the probability that it will earn the bonus. At the end of the contract, Velocity receives the additional consideration of $26,000.
Required:
1. Prepare the journal entries related to the contract (If no entry is required for a transaction/event, select "No journal entry required in the first account field).
2. Record the entry to record revenue each month for the first four months of the contract.
3. Record the entry at the start of the fifth month to recognize the change in estimate associated with the reduced likelihood that the s14,000 bonus will be received.
4. Record the entry after eight months to record receipt of the $14,000 bonus.

define mutual fund economics.​

Presented below is information for Cullumber Company for the month of January 2017.

Cost of goods sold $205,200 Rent expense $33,000
Freight-out 8,200 Sales discounts 8,800
Insurance expense 13,600 Sales returns and allowances 18,600
Salaries and wages expense 60,200 Sales revenue 393,500
Income tax expense 5,300 Other comprehensive income (net of $400 tax) 2,000

Required:
Journalize the above entries.

On January 1, 2021, NRC Credit Corporation leased equipment to Brand Services under a finance/sales-type lease designed to earn NRC a 10% rate of return for providing long-term financing. The lease agreement specified the following:
Ten annual payments of $73,000 beginning January 1, 2021, the beginning of the lease and each December 31 thereafter through 2029. The estimated useful life of the leased equipment is 10 years with no residual value. Its cost to Lesco was $417,665.The lease qualifies as a finance lease/sales-type lease. A 10-year service agreement with Quality Maintenance Company was negotiated to provide maintenance of the equipment as required. Payments of $7,000 per year are specified, beginning January 1, 2021. Lesco was to pay this cost as incurred, but lease payments reflect this expenditure. Also included in the $73,000 payments is an insurance premium of $6,000 providing coverage for the equipment. A partial amortization schedule, appropriate for both the lessee and lessor, follows:
Decrease in Outstanding
Payments Effective Interest Balance Balance
(10% * Outstanding balance) 412,300
1/1/2021 61,000 351, 300
12/31/2021 61,000 0.1 (351,300) = 35, 130 325,430
12/31/2022 61,000 0.1 (325, 430) = 32,543 296, 973
Required:
1. Prepare the appropriate entries for the lessee related to the lease on January 1, 2021 and December 31, 2021.
2. Prepare the appropriate entries for the lessor related to the lease on January 1, 2021 and December 31, 2021.

The principle of risk-return trade-off means that Group of answer choices a rational investor will only take on higher risk if he expects a higher return. an investor who takes more risk will earn a higher return higher risk investments must earn higher returns an investor who bought stock in a small corporation five years ago has more money than an investor who bought U.S. Treasury bonds five years ago.

56. Balloon Payments. On September 1, 2018, Susan Chao bought a motorcycle for $17,000. She paid $1,500 down and financed the balance with a five-year loan at an annual percentage rate of 6.8 percent compounded monthly. She started the monthly payments exactly one month after the purchase (i.e., October 1, 2018). Two years later, at the end of October 2020, Susan got a new job and decided to pay off the loan. If the bank charges her a 1 percent prepayment penalty based on the loan balance, how much must she pay the bank on November 1, 2020

Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the current year Junior: Personally stayed in the home for 22 days. Rented it to his favorite brother at a discount for 10 days. Rented it to his least favorite brother for 8 days at the full market rate. Rented it to his friend at a discounted rate for 4 days. Rented the home to third parties for 58 days at the market rate. Did repair and maintenance work on the home for 2 days. Marketed the property and made it available for rent 150 days (but did not rent it out) during the year, in addition to the days mentioned above. How many days of personal use and how many days of rental use did Junior experience on the property during the year

Tharaldson Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 7.4 ounces $2.00 per ounce $14.80
Direct labor 0.3 hours $18.00 per hour $5.40
Variable overhead 0.3 hours $7.00 per hour $2.10

The company reported the following results concerning this product in June.

Originally budgeted output 2,800 units
Actual output 2,900 units
Raw materials used in production 20,600 ounces
Purchases of raw materials 21,700 ounces
Actual direct labor-hours 490 hours
Actual cost of raw materials purchases $42,200
Actual direct labor cost $12,800
Actual variable overhead cost $3,400

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for June is:__________

Compare and Contrast Material and Substantive Law

similarity between plant industry and firms​

A company issues $400,000 of 8%, 10-year bonds dated January 1. The bonds pay interest semiannually on June 30 and December 31 each year. If bonds are sold at par value, the issuer records the sale with a (debit/credit) credit to Bond Payable in the amount of $

Norma Smith is the controller of Wildhorse Corporation and is responsible for the preparation of the year-end financial statements. For each of the following transactions that occurred during the year, indicate the dollar amount to be reported as a current liability as of December 31, 2020.
For each of the following transactions occurred during the year, indicate the dollar amount to be reported as a current liability as of December 31, 2014.
1. On December 20, 2014, a former employee filed a legal action against Baylor for $100,000 for wrongful dismissal. Management believes the action to be frivolous and without merit. The likelihood of payment to the employee is remote.
2. Bonuses to key employees based on net income for 2014 are estimated to be $150,000.
3. On December 1, 2014, the company borrowed $600,000 at 8% per year. Interest is paid quarterly.
4. Credit sales for the year amounted to $10,000,000. Baylorâs expense provision for doubtful accounts is estimated to be 3% of credit sales.
5. On December 15, 2014, the company declared a $2 per share dividend on the 40,000 shares of common stock outstanding, to be paid on January 5, 2015.
6. During the year, customer advances of $160,000 were received; $50,000 of this amount was earned by December 31, 2014.