If a stock's closing price for the day is 32.47, the stock's price in U.S. dollars would be
Multiple Choice
$32.47.
$3,247.
$32 plus a $.47 commission.
in between a low of $32 and a high of $47.
Answer:
$32.47
Explanation:
the closing price is the final price a stock is traded at before market close
The Fine Art Museum, a not-for-profit entity, allocated expenses 80% to programs and 20% to general and administrative.
a) During the current year the Museum received admissions fees in cash $500,000 from visitors.
b) Citizens of the local community are encouraged to participate in a program called “Friends of the Museum.” For a yearly contribution of $25 per family, a family is entitled to free admission to the Museum during the calendar year. At year-end, there were 10,000 members in the “Friends of the Museum.”
c) During the current year the Museum incurred salary expense of $250,000 of which $60,000 remains unpaid at year-end.
d) During the year the Museum incurred operating expenses of $400,000 of which $30,000 remains unpaid at year-end. Of the $400,000, $50,000 was used to buy supplies of which $20,000 remains on hand at year-end.
e) During the year the Museum received pledges of $200,000 for the acquisition of new art items, of which the Museum had collected $150,000 by year-end and expected to ultimately collect another $20,000.
f) During the year a citizen died and willed his wonderful collection of native art to the Museum to help new art items acquisition. The collection was later sold for $600,000.
Required: Prepare the necessary journal entries to record these transactions.
The preparation of the necessary journal entries for The Fine Art Museum is as follows:
Journal Entries:
a. Debit Cash $500,000
Credit Admissions Fees $500,000
To record the receipt of admissions fees in cash from visitors.b. Debit Cash $250,000
Credit Admissions Fees $250,000
To record the receipt of special admissions fees for "Friends of the Museum."c. Debit Salary Expense $250,000
Credit Salary Payable $60,000
Credit Cash $190,000
To record salary expense paid and payable.d. Debit Operating Expenses $400,000
Credit Operating Expenses Payable $30,000
Credit Cash $370,000
To record operating expenses paid and payable.Debit Supplies $50,000
Credit Operating Expenses $50,000
To transfer operating expenses to Supplies.Debit Supplies Expense $30,000
Credit Supplies $30,000
To record supplies expense for the year.e. Debit Pledges Receivable $200,000
Debit Cash $150,000
Credit Pledges Receivable $150,000
Credit Allowance for Uncollectible Pledges $30,000
To record pledges receivable and allowance for uncollectibles.f. Debit Cash $600,000
Credit Sale of collections $600,000
To record the sale of wonderful collections from a will.Data Analysis:
Allocation of Expenses:
Programs = 80%
General and Administrative = 20%
a. Cash $500,000 Admissions Fees $500,000
b. Cash $250,000 Admissions Fees $250,000 ($25 x 10,000)
c. Salary Expense $250,000 Salary Payable $60,000 Cash $190,000
d. Operating Expenses $400,000 Operating Expenses Payable $30,000 Cash $370,000
Supplies $50,000 Operating Expenses $50,000
Supplies Expense $30,000 Supplies $30,000
e. Pledges Receivable $200,000 Estimated Receivable Pledges $170,000
Uncollectible Pledges $30,000
Cash $150,000 Pledges Received $150,000
f. Cash $600,000 Sale of collections $600,000
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Imagine it's the middle of January, and people are thinking about Valentine's Day. What will happen in the market for fresh flowers? Use supply and demand analysis in your explanation (Hint: What happens to demand and/or supply? What happens to the equilibrium price and equilibrium quantity?)
Answer:
the price would go up with the demand and the stock drop
A life-cycle fund holds assets designed to meet the needs of individuals who Group of answer choices will need funds for college costs in 2030 will retire at a particular age believes a recession is eminent plans to retire in 2050
It should be noted that life-cycle fund holds assets designed to meet the needs of the owner that want to retire at a particular age.
Life-cycle funds can be regarded as an asset-allocation funds, whereby there an adjustment is been done on share of each asset class as the retirement date of the owner is getting closer.
In this case, the percentage of bonds as well as the other fixed-income investments of the owner usually goes up.
Therefore, life-cycle fund is been referred to as assets so that some needs of the owner that is going to retire at a particular age.
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What is fiscal regionalism?
O A. Hierarchical intergovernmental aid
O B. Horizontal intergovernmental aid
O C. Unfunded mandates
O D. None of these
Answer:
b
Explanation:
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If disposable income increases, people will decide to ________ saving, the supply of loanable funds will ________ and the real interest rate will ________.
Which type of savings plan offers the lowest interest rate?
O A. Checking account
O B. Savings account
O c. Certificate of deposit
O D. Money market account
Answer:
Answer to your question is savings account.
Explanation:
A savings account provides the lowest interest rates.
The Savings account type of savings plan offers the lowest interest rate.
What are accounts?Accounting is not pure mathematics. Simple multiplication, division, and addition are involved. There might be a little elementary algebra, but that's it. You are not required to comprehend calculus.
For accountants, mathematics is a crucial tool. Accounting professionals who possess a strong mathematical foundation can conduct financial analysis and make wise decisions at work. Accounting professionals must be able to understand and apply mathematical ideas like geometry, algebra, and statistics.
The interest rates on basic bank savings accounts are the lowest, typically less than 1%. They have few limitations on how you can access your money, and typically there are no minimum balance requirements. These accounts connected to physical banks can also be accessed online.
Therefore, Thus option (B) is correct.
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I need a Christmas present for a 40-year-old man a 32-year-old woman a 9-year-old girl a 12-year-old girl and a 4-year-old boy
which of the following describes a federal student loan? a funds provided by a private business that do not need to be paid back b funds provided by credit unions that must be paid back c funds provided by government that do not need to be paid back d funds provided by the government that must be paid back
Answer:
d
Explanation:
Plain and simple:)
mark brainliest? :)
A. Purcha
C. Purchase of in 2018.
Hell how may I assist you in any way if so ask away in the comments as a fellow Brainly user I am here to help and next time if you will please write a full question so we are able to answer.
If the price of output falls from $5 to $2, the value of the marginal product of labor of all workers:
When price declines, the value of marginal product of labor of all workers decreases.
Marginal product of labor is the change in output when labor employed in changed by one unit. For example, if total output of labor is 10 units when only one unit of labor is employed and 20 when two units of labour is employed. Price is $1. The marginal product of labor is $10 $1(20 - 10).
An increase in the price of output increases the marginal product of labor and a decline in the price of output decreases the marginal product of labor.
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help needed
Tasha is a court reporter for a federal district judge. Her job is to type every word that is stated on the record during a federal trial. The pathway in the Law, Public Safety, and Security cluster that Tasha's job belongs in is:
Question 12 options:
Security and Protective Services.
Legal Services.
Emergency and Fire Management Services.
Correction Services.
The pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in is:
Legal Services.According to the given question, we are asked to state the pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in.
As a result of this, we can see that Tasha who is a court reporter belongs to the Legal Services pathway in the Law, Public Safety, and Security cluster as she has to record the words said in a trial in the law court.
Therefore, the correct answer is Legal Services
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Answer:
B
Explanation:
What organization design aspects of Zara make it so succuccessful ?
Answer:
The secret to Zara’s success has largely being driven by its ability to keep up with rapidly changing fashion trends and showcase it in its collections with very little delay. From the very beginning, Zara found a significant gap in the market that few clothing brands had effectively addressed. This was to keep pace with latest fashion trends, but offer clothing collections that are a combination of high quality and yet, are affordable. The brand keeps a close watch on how fashion is changing and evolving every day across the world. Based on latest styles and trends, it creates new designs and puts them into stores in a week or two. In stark comparison, most other fashion brands would take close to six months to get new designs and collections into the market.
It is through this strategic ability of introducing new collections based on latest trends in a rapid manner that enabled Zara to beat other competitors. It quickly became the people’s favourite brand, especially with those who want to keep up with fashion trends. Founder Amancio Ortega is famously known for his views on clothes as a perishable commodity. According to him, people should love to use and wear clothes for a short while and then they should throw them away, just like yogurt, bread or fish, rather than store them in cupboards.
The media often quotes that the brand produces “freshly baked clothes”, which survive fashion trends for less than a month or two. Zara concentrates on three areas to effectively “bake” its fresh fashions:
Shorter lead times (and more fashionable clothes): Shorter lead times allow Zara to ensure that its stores stock clothes that customers want at that time (e.g. specific spring/ summer or autumn/ winter collections, recent trend that is catching up, sudden popularity of an item worn by a celebrity/ socialite/ actor/ actress, latest collection of a top designer etc.). While many retailers try to forecast what customers might buy months in the future, Zara moves in step with its customers and offers them what they want to buy at a given point in time.
Lower quantities (through scarce supply): By reducing the quantity manufactured for a particular style, Zara not only reduces its exposure to any single product but also creates artificial scarcity. Similar to the principle that applies to all fashion items (and more specifically luxury), the lesser the availability, the more desirable an object becomes. Another benefit of producing lower quantities is that if a style does not generate traction and suffers from poor sales, there is not a high volume to be disposed of. Zara only has two time-bound sales a year rather than constant markdowns, and it discounts a very small proportion of its products, approximately half compared to its competitors, which is a very impressive feat.
More styles: Rather than producing more quantities per style, Zara produces more styles, roughly 12,000 a year. Even if a style sells out very quickly, there are new styles waiting to take up the space. This means more choices and higher chance of getting it right with the consumer.
Zara only allows its designs to remain on the shop floor for three to four weeks. This practice pushes consumers to keep visiting the brand’s stores because if they were just a week late, all the clothes of a particular style or trend would be gone and replaced with a new trend. At the same time, this constant refreshing of the lines and styles carried by its stores also entices customers to visit its shops more frequently.
In the following sections, the key components of Zara’s winning formula in the fashion retailing industry are illustrated.
Explanation:
20 Points
Describe the educational background or training necessary for your chosen career (Doctor).
The path to becoming a doctor begins with a bachelor's degree program. There is relative flexibility in the subject studied, but undergraduate schooling for doctors should include a pre-med focus, which ensures that necessary science-based core curriculum is coveLred prior to the candidate's progression to medical school. These programs typically have a heavy focus on biology and chemistry, with plenty of physics, math and English courses to prepare a student to apply to med school.
Step 2: Pass the MCAT2103The Medical College Admission Test (MCAT) is a multiple choice exam taken before admission into medical school. The MCAT tests an aspiring doctor's knowledge of the physical and biological sciences and verbal reasoning and writing skills. The test is computerized and it takes approximately five hours to complete.
Step 3: Attend Medical SchoolDoctor education and training continues with medical school. The initial two years are spent in classrooms and laboratories, where students take the necessary courses to prepare them for diagnosing and treating patients. During the second year of doctors' education, students must pass the first of a series of the United States Medical Licensing Examinations, referred to as 'The Boards', which are administered by the National Board of Medical Examiners. During the second half of medical doctor training, prospective doctors practice under the tutelage of attending physicians to learn the realities of practicing medicine. During their fourth year of medical school and first year of residency training, doctors take their remaining medical licensing examinations.
Step 4: Complete Residency TrainingIn their fourth year of medical school, candidates are paired with a residency training program in a rite of passage called 'Match Day.' Depending upon his or her specialty, a candidate may spend between three and seven years in residency at a medical facility. Beyond taking classes to become a doctor, this gives them on-the-job experience. They work under the direct supervision of an attending physician and focus on practical training in general medicine and their chosen specialty.
Step 5: Get LicensedIn order to become a doctor, a candidate must obtain a license to practice medicine. Requirements for medical licensing differ from state to state and all states issue their own licenses based on state regulations. Licensing generally requires completing medical school and successfully passing all medical licensing examinations. How many years does it take to become a doctor? It usually takes between 11 and 15 years to meet all the education and training requirements. This includes an undergraduate degree, medical school, and a residency. Once a prospective doctor finishes all the necessary education and physician training, they should see a number of job opportunities, as job growth is expected to rise 13% from 2016-2026 and a rewarding salary should also be anticipated.
Rein Inc. reported deferred tax assets and deferred tax liabilities at the end of 20X3 and at the end of 20X4.
According to Statement of Financial Accounting Standard No. 109 Accounting for Income Taxes, for the year ended 20X4, Rein should report deferred income tax expense or benefit equal to the
A. Sum of the net changes in deferred tax assets and deferred tax liabilities.
B. Increase in the deferred tax liabilities.
C. Amount of the current tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
D. Decrease in the deferred tax assets.
Answer: A
sum of the net changes in deferred tax assets and deferred tax liabilities.
Explanation:
Lopez Company is considering replacing one of its old manufacturing machines. The old machine has a book value of $49,000 and a remaining useful life of five years. It can be sold now for $59,000. Variable manufacturing costs are $42,000 per year for this old machine. Information on two alternative replacement machines follows. The expected useful life of each replacement machine is five years. Machine A Machine B Purchase price $ 116,000 $ 129,000 Variable manufacturing costs per year 19,000 13,000 (a) Compute the income increase or decrease from replacing the old machine with Machine A. (b) Compute the income increase or decrease from replacing the old machine with Machine B. (c) Should Lopez keep or replace its old machine
a. The income increase or decrease from replacing the old machine with Machine A is $58,000.
b. The income increase or decrease from replacing the old machine with Machine B is $75,000.
c. Lopez company should choose "Alternative B" Machine.
a. Alternative A
Increase or decrease in net income - Lopez Company
Cost to buy new machine -$116,000
Cash received to trade in old machine $59,000
Reduction in variable manufacturing cost $115,000
[($42,000- $19,000)×5]
Total change in net income $58,000
b. Alternative B
Increase or decrease in net income - Lopez Company
Cost to buy new machine -$129,000
Cash received to trade in old machine $59,000
Reduction in variable manufacturing cost $145,000
[($42,000- $13,000)×5]
Total change in net income $75,000
c. Lopez company should choose "Alternative B" Machine.
Inconclusion te income increase or decrease from replacing the old machine with Machine A is $58,000 and Machine B is $75,000.
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Your dishwasher can handle 100 plates per hour. Your stove can handle 30 meals (each on single plate) per hour. All of your meals require plates but only 60% of meals need something prepared on the stove. Which is more likely to cause a bottleneck, the dishwasher or the stove?
Based on the capacities of the dishwasher and the stove, the likely source of a bottleneck is the stove.
A bottleneck refers to:
A point in the production process that slows down production A point in the production process that is being overloaded with workloadsThe dishwasher can wash 100 plates per hour. Assuming 60 meals were to be made in an hour, the dishwasher would be able to wash enough dishes but the stove would only handle 30 meals yet it is to handle:
= 60 x 60%
= 36 meals
In conclusion, the stove is therefore the source of the bottleneck.
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mini case the great little box company canadian company that manufactures and distributes custom and stock
The levels of organizational culture that are described are socially coordinated efforts and greater personal satisfaction for everyone.
From the complete question, the new employees can be socialized by getting involved in the company's social activities such as summer grills, paintball rivalries, etc.
Lastly, the cultural significance of the open-book management technique is that it ensures financial transparency and ensures that employees do their jobs more effectively.
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If you liquidate $3,000 of your money market mutual fund and transfer the funds to your checking account, then initially, M1 will ________ and M2 will ________. Group of answer choices
if one liquidate $3,000 of one's mutual fund and transfer them to checking account, then, the M1 will increase and M2 will not increase
Liquidation in this case refers to transfer of mutual fund to one's accessible account for personal use.
Let understand that M1 in money supply includes physical currency, demand deposits, checkable deposits.M2 in money supply includes cash, checking deposits, easily convertible near money.
In conclusion, if one liquidate $3,000 of one's mutual fund and transfer them to checking account, then, the M1 will increase and M2 will not increase
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Which of the following is not a product design objective? Make the design easy to track for cost accounting purposes. Design a quality product. Design a product that meets customer requirements. Minimize production costs.
Amongst the options provided in the question, "Make the design easy to track for cost accounting purposes" only is not a product design objective.
Product Design
It is a process that requires cross-functional and knowledge-intensive work, which has become more demanding in today's competitive world.
It is set as one of the key strategies firms need to succeed in the market. These firms develop unique products using this process, as it provides them with the opportunity to set premium prices due to the uniqueness of the product.
Product Design Objective
For this process to succeed, the objective of the product design is, therefore, to produce goods or services with high quality, keeping the prices of the materials and the methods required to produce them at an acceptably low cost. Finally, the product must be competitive in the market in terms of its price, quality, design, and functionality. Thus making it meet the customer needs/wants.
Hence, the only point "Make the design easy to track for cost accounting purposes" is not a product design objective.
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When assessing whether product release deadlines were met during the first three months of the year, the quality assurance (QA) team noted that they were late 23 percent of the time. During that time, the team had hired two new specialists. The team immediately assessed their processes, including that of approving lot records, a required step to ensure that each lot met product requirements, which then triggered a product release. They found that the new QA reviewers were slow to make decisions because of lack of experience and knowledge. Which statement best explains why analyzing the lot record process and identifying the major constraint for product release was helpful to the QA director so she could take action to improve?a. Knowing what the constraint was helped the QA director to watch deadlines more closely as she is the one responsible for meeting them.
b. Analyzing the root cause of the delays helped the QA director alert the new specialists that their work was not acceptable.
c. Understanding what went wrong helped the QA director rethink her hiring policy and process so she could identify stronger candidates.
d. Identifying the constraint informed the QA director of the need for increased training for the new specialists.
Identifying the constraint declared the QA director the requirement for increased training for the unique specialists. This statement best describes why investigating the lot record operation and identifying the major constraint for product release existed useful to the QA director.
Who is a QA director?Quality assurance or QA director creates sure high-quality products exist delivered on time and within budget. The role manages all the systems, processes, and enterprises that alleviate quality issues. Directors work with internal partners whose obligations connect to compliance and production. The Head of Quality Assurance assumes ownership of the department's performance as well as obligation over the resolution of technical issues and debugging movements of the business's software/products.
Therefore, the (d) option exists as the correct answer.
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A useful clue about an organization's culture is
Answer:
Who is Hired and Fired
Explanation:
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what is the definition of organization ? Briefly explain each part of the definition?
organization isn a group or team that works together to accomplish a task
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The newest employee at Edwards Escrow Co., Adam Riley, is handling the escrow
paperwork for the sellers and the buyers on an Anaheim property sale. When Adam
goes to figure out the prorations for the month of February, for which some of the
expenses have already been paid by the sellers, Adam cannot remember what
number to use to figure out the proration. Which of the following should he use?
Since Adam cannot remember the number he used for the proration, then, he should use 28 days because that is the actual number of days in February,
Proration is an act of dividing the property expenses between a buyer and seller to ensure that the parties only pay for the days they owns the property.
Since the month of February contains 28 days, then, the number of days used in the calculation of the Proration will be maximum of 28 days
Therefore, the Option A is correct because 28 days is the actual number of days in February.
Missing options includes
28 days because that is the actual number of days in February, the month for which the prorations are being calculated., 30 days which escrow companies use as their base month in figuring out prorations31 days which escrow companies use as their base month in figuring out prorations.Read more about February days
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Arial Company has two products: A and B. The company uses activity-based costing. The total cost and activity for each of the company's three activity cost pools are as follows:
Total Activity
Activity Cost Pool Total Cost Product A Product B Total
Activity 1 $22,000 400 100 500
Activity 2 $16,240 380 200 580
Activity 3 $14,600 500 250 750
The activity rate under the activity-based costing system for Activity 3 is closest to:
a. $70.45
b. $28.87
c. $19.47
d. $58.40
e. $32.5
Answer:
a
Explanation:
because it approaches to the total rates of the activity 3 it is the best avererage for that activity
Rita, a single mother, has three children, Luis (7), Perry (10), and Alexis (17). Rita's adjusted gross income is $64,000, and her 2020 tax liability is $5,204. All three children are Rita's qualifying child dependents. What is the total of Rita's Child Tax Credit and Credit for Other Dependents
In the year 2020 and based on Rita's AGI and number of children, she will have a Child Tax Credit and Credit for Other Dependents of $4,500.
A single person in 2020 with an AGI of less than $200,000 was allowed to claim a child tax credit of $2,000 per child under 17 and a credit for other dependents of $500 for those aged 17 - 18.
This means that Rita will get $2,000 for Luis and Perry, and $500 for Alexis:
= 2,000 + 2,000 + 500
= $4,500
In conclusion, Rita's tax credit would be $4,500.
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To help reduce firefighting in network management, a network manager should spend time on ____________ to prevent problems
Answer:
Planning and Organizing the Network and Networking Staff
Explanation:
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On March 21, 2021, Christine worked 5.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $15 per hour. Overhead is applied based on $23 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $290 of direct material. On March 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on March 21?
Answer:
1. Total cost (TC) in WIP of Job A-1 is $456.00 2. Completed number of units is 2,675. 3. Equivalent unit (EU) of production for conversion is 34,560 units.
The total cost that should have been recorded in the Work in Process for Job A-1 on March 21 is $499.
What is The Total Cost?
Whole cost refers to the total cost of achieving a certain level of output; average or unit cost is calculated by dividing total cost by amount produced.
The total cost includes the Direct material, direct labor, direct Expenses and the indirect costs.
Computation of Total Cost for Job A-1 on May 21:
According to the given information,
Direct Material = $290,
Direct Labor:
[tex]\text{Direct Labor} = \text{Direct LaborHour} \times \text{Direct Labor Hour Rate}\\\\\text{Direct Labor} = 5.5 \times \$15\\\\\text{Direct Labor} = \$82.5[/tex]
Then find the Overhead Cost:
[tex]\text{Overhead Cost} = \text{Direct Labor Hour} \times \text{Overhead Rate Per Hour}\\\\\text{Overhead Cost} =5.5 \times \$23\\\\\text{Overhead Cost} =\$126.5[/tex]
Then the Total Cost is:
[tex]\text{Total Cost}= \text{Direct Material + Direct Labor + Overheads}\\\\\text{Total Cost}= \$290+\$82.2+\$126.5\\\\\text{Total Cost}= \$499[/tex]
Therefore, the Total cost is $499.
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What is General training?
Answer:
The training focusing on the theoretical knowledge is called general training.
Answer:
What is General training?
General Training measures English language proficiency in a practical, everyday context.