Savings accounts with $500 balance are not included in M1, which consists of currency, checking accounts, and traveler's checks. M2 is a broader measure that includes savings accounts.
The option that would not be included in M1:Learn more about M1: https://brainly.com/question/28121138
#SPJ11
one characteristic of an abnormally dangerous activity is that it involves a low risk of serious harm.
t,f
The statement "one characteristic of an abnormally dangerous activity is that it involves a low risk of serious harm" is FALSE.
In fact, the opposite is true - one characteristic of an abnormally dangerous activity is that it involves a high risk of serious harm. An abnormally dangerous activity, also known as an ultrahazardous activity, is defined as an activity that cannot be performed without a significant risk of harm to others, even if all reasonable precautions are taken. Examples of abnormally dangerous activities include blasting, storing explosives, keeping wild animals, and using toxic chemicals.
The key factor that distinguishes an abnormally dangerous activity from a regular activity is the high degree of risk involved. These activities are considered to be so risky that the people engaging in them are held strictly liable for any harm caused, regardless of whether or not they were negligent. This means that if someone is injured as a result of an abnormally dangerous activity, the person responsible for the activity is liable for the damages, regardless of whether or not they took reasonable precautions to prevent the harm.
In conclusion, the statement that an abnormally dangerous activity involves a low risk of serious harm is false. These activities are characterized by a high risk of harm and are subject to strict liability if harm occurs.
To know more about abnormally dangerous activity refer here
https://brainly.com/question/12985711#
#SPJ11
on january 1, year 1, bondz, inc. issued $100,000, 8%, 5-year bonds for $96,107.60 given a market rate of 9% and annual interest payments. the entry to record the 1st interest payment on december 31, year 1 using the effective-interest method (assuming no prior adjustments and assuming bonds payable are recorded net of premiums or discounts) includes a(n)
The entry to record the 1st interest payment on December 31, year 1 using the effective-interest method (assuming no prior adjustments and assuming bonds payable are recorded net of premiums or discounts).
The effective-interest method calculates interest expense by multiplying the carrying value of the bonds (which is the face value of the bonds plus any premium or minus any discount) by the effective interest rate (which is the market rate at the time of issuance).
In this case, the carrying value of the bonds is $96,107.60, which is the amount the bonds were sold for, and the effective interest rate is 9%, which was the market rate at the time of issuance. Therefore, the interest expense for the first year is calculated as follows:
Carrying value of the bonds at the beginning of the year = $96,107.60
Effective interest rate = 9%
Interest expense for the first year = $96,107.60 x 9% = $8,655.68
The entry to record the 1st interest payment on December 31, year 1 using the effective-interest method would include debiting Interest Expense for $8,655.68 and crediting Cash for $8,000 (which is the annual interest payment of $100,000 x 8%).
This entry would also reduce the carrying value of the bonds by the amount of the interest payment ($8,000), leaving a carrying value of $88,452.92 ($96,107.60 - $8,000 + $548.32 amortization of premium).
Learn more about the effective-interest method:
brainly.com/question/23775950
#SPJ11
which attribution model distributes the credit for a conversion equally across all the channels a customer clicked or engaged with before converting?
The attribution model that distributes the credit for a conversion equally across all the channels a customer clicked or engaged with before converting is called the "Equal Weight Attribution" or "Even Distribution" model. In this model, each channel involved in the customer journey receives an equal share of the credit for the conversion.
The attribution model that distributes the credit for a conversion equally across all the channels a customer clicked or engaged with before converting is the Equal Credit model. This model ensures that each touchpoint in the customer's journey is given equal credit for contributing to the conversion. This helps businesses to understand the effectiveness of all their channels and make informed decisions about where to allocate their marketing resources.
The attribution model that distributes the credit for a conversion equally across all the channels a customer clicked or engaged with before converting is called the "Equal Weight Attribution" or "Even Distribution" model. In this model, each channel involved in the customer journey receives an equal share of the credit for the conversion.
Learn more about :
Even Distribution : brainly.com/question/7353335
Customer : brainly.com/question/13735743
Credit : brainly.com/question/13964348
Marketing : brainly.com/question/31179706
#SPJ11
motivational interviewing requires technical expertise and
Motivational interviewing is an evidence-based approach that requires technical expertise to execute successfully and It involves a series of skills that include active listening, empathy, and reflective questioning.
The goal of motivational interviewing is to help clients explore their ambivalence about changing behavior, increase their motivation to change, and ultimately make positive changes in their lives.
The technical expertise required to execute motivational interviewing effectively includes being able to build a therapeutic alliance, recognizing and responding to client resistance, and adapting interventions to the unique needs of each client.
It is essential for therapists to receive adequate training and supervision to ensure they can implement the approach with fidelity. Without the technical expertise required, motivational interviewing can be ineffective or even harmful.
Therefore, it is crucial for practitioners to continually update their skills and knowledge through ongoing training and professional development.
Learn more about Motivational interviewing:
https://brainly.com/question/29809011
#SPJ11
available capacity in production planning is: question 37 options: the amount of inventory that can be held in a warehouse. the quantity of work that can be performed in a given period of time. a measure of the ability of a plant to consume raw materials. all of the above none of the above
In production planning, available capacity refers to the quantity of work that can be performed in a given period of time. This helps businesses effectively allocate resources and plan for meeting demand.
Capacity planning involves estimating the level of demand for a particular product or service and determining the level of resources required to meet that demand.
These resources include factors such as labor, machinery, equipment, and materials. By understanding the available capacity, businesses can ensure that they have the necessary resources to meet demand while also minimizing waste and inefficiencies.
For example, a manufacturing company that produces automobiles will need to understand its available capacity in terms of the number of cars it can produce in a given period of time.
This will depend on factors such as the number of workers, the availability of machinery and equipment, and the availability of raw materials.
By understanding its available capacity, the company can ensure that it has the necessary resources to meet demand while also minimizing waste and inefficiencies.
To learn more about production, refer below:
https://brainly.com/question/15059918
#SPJ11
which of the following is not one of the primary expenditure categories of gdp? a. personal consumption expenditures. b. gross private investment. c. net exports of goods and services. d. profits.
Profits are not considered as one of the primary expenditure categories of GDP. GDP or Gross Domestic Product is the total monetary value of all final goods and services produced within a country's borders in a given period of time.
It is calculated as the sum of the four primary expenditure categories: Personal Consumption Expenditures (C), Gross Private Investment (I), Government Purchases of Goods and Services (G), and Net Exports of Goods and Services (NX).
Personal Consumption Expenditures (C) refer to the spending by households on goods and services, including durable goods like cars and appliances, non-durable goods like food and clothing, and services like healthcare and education.
Gross Private Investment (I) includes the spending by businesses on fixed assets like buildings and equipment, as well as on inventory and research and development.
Government Purchases of Goods and Services (G) refer to the spending by governments on goods and services, including infrastructure, defense, and public education.
Net Exports of Goods and Services (NX) refers to the difference between the value of exports and the value of imports, and it can be positive or negative depending on whether a country is a net exporter or a net importer.
Profits are a part of the income earned by businesses and are not considered as an expenditure category. The primary expenditure categories of GDP are used to measure the overall level of economic activity and provide insight into the drivers of economic growth.
In summary, profits are not one of the primary expenditure categories of GDP. The primary expenditure categories include Personal Consumption Expenditures, Gross Private Investment, Government Purchases of Goods and Services, and Net Exports of Goods and Services.
To know more about GDP refer here:
https://brainly.com/question/31197617#
#SPJ11
states when a person is confronted with inconsistencies among attitude or behavior, he/she will take action to restore consistency.
The theory you are referring to is called Cognitive Dissonance Theory.
It states that when individuals experience inconsistencies between their attitudes or beliefs and their behavior or actions, they experience psychological discomfort or dissonance.
In order to reduce this discomfort, individuals may change their attitudes or behaviors to restore consistency. For example, if someone who values health and fitness eats a lot of junk food, they may experience cognitive dissonance.
To restore consistency, they may either change their behavior by reducing the amount of junk food they eat or change their attitude by rationalizing their behavior (e.g. "I'll exercise more to make up for it").
The theory has been applied to various fields, including social psychology, consumer behavior, and decision-making processes.
To know more about Cognitive Dissonance Theory refer to-
https://brainly.com/question/31276826
#SPJ11
According to the interest rate effect, when the price level rises, people need more money to make the same number of purchases, so the demand for increases. As a result interest rates consumption and investment cousing which the quantity of real GDP demanded to
The interest rate effect can lead to a decrease in economic growth and can contribute to inflationary pressures in the economy.
According to the interest rate effect, when the price level rises, people need more money to make the same number of purchases, so the demand for money increases. This increased demand for money causes interest rates to rise. When interest rates rise, consumption and investment decrease, as borrowing becomes more expensive. This decrease in consumption and investment causes the quantity of real GDP demanded to decrease, as there is less spending in the economy.As a result, interest rates rise due to the higher demand for money. With higher interest rates, consumption and investment decrease because borrowing becomes more expensive for both consumers and businesses.
To know more about interest rate effect, click here
https://brainly.com/question/13322646
#SPJ11
geraldo accepts the cfo position at efg, his firm's audit client. which will be required under the sec independence rules when he begins his new job?
Under the SEC independence rules, Geraldo will be required to avoid any actions that could compromise his independence and objectivity as an auditor for EFG, his firm's audit client.
The Securities and Exchange Commission SEC is an independent agency of the United States federal government responsible for enforcing federal securities laws and regulating the securities industry. As an independent agency, the SEC is governed by specific independence rules to ensure its impartiality and neutrality in carrying out its mission. This includes refraining from any financial or business relationships with EFG outside of his role as an auditor, adhering to strict confidentiality requirements, and disclosing any potential conflicts of interest to his firm and EFG. Additionally, Geraldo may be required to comply with any specific rules or regulations set forth by EFG or his firm regarding the acceptance of the CFO position while maintaining his role as an auditor for the client.
learn more about SEC here:
https://brainly.com/question/30101959
#SPJ11
Bridgette wants to have $325,000 when she retires in a year. If she currently has $300,000 to put in a 1-year CD, which of these APRS and compounding periods will allow her to reach her goal?
A. An APR of 8.03% compounded quarterly
B. An APR of 8.11% compounded semiannually
C. An APR of 8.02% compounded monthly
D. An APR of 8.01% compounded daily
Answer:D
Explanation:
i just took quize lol
Abdul spends all of his income on food (F) and shelter (S). His budget line is given by the equation 5F + 20S = 100. Which of the following consumption bundles is part of his consumption possibilities?
ï‚· 8 units of F and 3 units of S
ï‚· 14 units of F and 2 units of S
ï‚· 0 units of F and 6 units of S
ï‚· 20 units of F and 15 units of S
Abdul's budget line is given by the equation 5F + 20S = 100. This means that he has a fixed income of 100 units and he can spend it on either food or shelter or a combination of both. The budget line shows all the possible consumption bundles that Abdul can afford given his fixed income and the prices of food and shelter.
To determine which of the given consumption bundles is part of Abdul's consumption possibilities, we need to plug in the values of F and S in each option and see if it satisfies his budget constraint.
Let's take the first option of 8 units of F and 3 units of S. Plugging in the values, we get 5(8) + 20(3) = 100. This option satisfies Abdul's budget constraint and is therefore part of his consumption possibilities.
Similarly, we can check the other options. The second option of 14 units of F and 2 units of S gives us 5(14) + 20(2) = 100, which also satisfies the budget constraint. The third option of 0 units of F and 6 units of S gives us 5(0) + 20(6) = 120, which is greater than Abdul's income and hence not feasible. The fourth option of 20 units of F and 15 units of S gives us 5(20) + 20(15) = 500, which is also greater than Abdul's income and hence not feasible.
Therefore, the consumption bundles that are part of Abdul's consumption possibilities are the first and second options, which are 8 units of F and 3 units of S, and 14 units of F and 2 units of S, respectively.
To know more about fixed income refer here
https://brainly.com/question/14804856#
#SPJ11
Every year during the christmas holiday, hosts a website to help track the path of santa around the globe. the website goes from zero traffic to millions of visitors in a small period of time. before the website goes live, site reliability engineers (sres) are in charge of making sure that the santa tracking website will be able to withstand the spike in traffic. which of these strategies is the best way to verify that the santa tracking website is scalable?
The best strategy to verify that the Santa tracking website is scalable would be to perform load testing and stress testing.
Step 1: Load testing
Load testing involves simulating real-world user traffic patterns and gradually increasing the number of users accessing the website. This helps SREs identify performance bottlenecks and ensure that the website can handle the expected increase in traffic.
Step 2: Stress testing
Stress testing involves subjecting the website to extreme loads, beyond its expected capacity. This will help SREs understand the limits of the system and how it behaves under severe conditions, allowing them to prepare for potential issues that may arise during the Christmas holiday.
By performing these tests and making necessary adjustments, the SREs can ensure the Santa tracking website is scalable and able to withstand the spike in traffic during the holiday season.
To know more about load testing visit:
https://brainly.com/question/13109531
#SPJ11
TROL 123 Ach and the profile that has to of the class will receive Whethe016 will receive 2016 will receive a "D" and 10% will receive "A Wherbaycach is that? Orale dating we Food ranking duti 16. Which of the following regarding different rating scales is correct 3 polls sales de the burden of choosing Behaviorally Anchored Rating Scales are less accurate les better differentiate employees than for 5 points scales piscales reduce central tendency 17. The FLSA established overtime pay requirements times the regular pay rate for all hours worked over 40 in a week Two Two and one-hal One and one-hall Three 18. Which of the following is a tangible direct reward? a. Base pay h. Health care benefits Paid time of d. Challenging work 19. Which of the following is the most commonly adopted compensation strategy? a. Lead the market b. Lag the market Match the market d. None of the above 20. All of the following are advantages of adopting a "lead the market" compensation strategy except 1. Provides the organization with ample supply of applicants b. Decreases tumover c. Prevents unionization d. Leads to lower overall labor costs C 21. Overtime pay for nonexempt employees is legally required. a. True b. False 22. Which of the following is not a characteristic of benchmark jobs? a. They are well known and recognized. b. Stable over time. c. Cannot be found in other organizations. d. Accepted in external labor market for setting wage rates. CANTRS No. 304 ARCTIC . schon 23. Which of the following is incorrect vegarding employee benefit They can be used as a tool to gain competitive advantage b. They can be used to reinforce animational culture They are the intangible portion of total rewards d. They have advantages over compensation because of their tas-favored water 24. Which of the following regarding worker's compensation is incore.com It is a type of social insurance covers job-related injuries and death b. The premium of the insurance is paid entirely by the employer Injured worker cannot receive benefits if the acident was bisher full employer to compensate for work-related injuries d. Workers' compensation benefits are the only benefits injured workers may receive from the a. 25. Depending on the size and other characteristics of an employer, certain benefits for employees are required by law. Which of the following is not mandatory on private sector employers? Social security b. Worker's compensation c Holidays of d. Leave for an immediate family member's illness Section 11 - Short Answer Questions: (8 Points) Employee training programs can be evaluated at different levels. Please list and briefly explain at least four levels of training evaluation discussed in class
Behaviorally Anchored Rating Scales are more precise and better distinguish employees. Base salary is a real, direct benefit from the options offered. Market alignment is the most widely used compensation technique. A "lead the market" compensation plan has the drawback of increasing labor expenses all around. Nonexempt workers are obligated by law to receive overtime pay is true. "Cannot be found in other organizations" is an incorrect property of benchmark positions. The claim that employee perks make up the majority of the total compensation is untrue. The claim that an injured employee cannot get benefits if the accident was their fault is untrue. Employers in the private sector are not required to use any of the available options for holidays. There are four levels of training evaluation.
Here is a concise answer to each part of your question:
16. Regarding different rating scales, Behaviorally Anchored Rating Scales are more accurate and better differentiate employees than simple 5-point scales.
17. The FLSA established overtime pay requirements at one and one-half times the regular pay rate for all hours worked over 40 in a week.
18. A tangible direct reward from the options provided is base pay.
19. The most commonly adopted compensation strategy is to match the market.
20. The disadvantage of adopting a "lead the market" compensation strategy is that it leads to higher overall labor costs.
21. Overtime pay for nonexempt employees is legally required. True.
22. A characteristic of benchmark jobs that is not correct is: "Cannot be found in other organizations."
23. The incorrect statement regarding employee benefits is that they are the intangible portion of total rewards.
24. The incorrect statement regarding worker's compensation is that an injured worker cannot receive benefits if the accident was their fault.
25. Among the options provided, holidays are not mandatory for private-sector employers.
Regarding training evaluation, there are four levels of training evaluation discussed in class:
1. Reaction: This level measures the participants' satisfaction with the training program, often through surveys or questionnaires.
2. Learning: This level assesses the knowledge, skills, and abilities gained by participants during the training program, typically through testing or assessments.
3. Behavior: This level evaluates the extent to which participants apply what they've learned in the training program to their job tasks, which can be assessed through observation or feedback from supervisors.
4. Results: This level measures the impact of the training program on organizational performance, which can be assessed through metrics like productivity, turnover, and customer satisfaction.
Learn more about compensation:
https://brainly.com/question/29760530
#SPJ11
Over the past 40 years, technological advances have reduced the cost of computer chips. This has led to in the supply of computers, causing the price of computers to:_______________
Answer: Over the past 40 years, technological advances have reduced the cost of computer chips. This has led to an increase in the supply of computers, causing the price of computers to Decrease.
The reduced cost of computer chips has had a significant impact on the computer market in several ways:
Increased affordability: As the cost of computer chips has decreased, the cost of computers has also decreased, making them more affordable for consumers. This has led to an increase in demand for computers, which has further driven down prices.Increased performance: As the cost of computer chips has decreased, manufacturers have been able to include more powerful chips in their products without significantly increasing the cost.Hence, it can be acknowledged that technological advances have reduced the cost of computers.
Learn more about Technological Advancement: https//brainly.com/question/31645945
#SPJ11
the preschool years largely encompass what erikson called the stage of psychosocial development.
The preschool years largely encompass what Erikson called the stage of psychosocial development known as "Initiative vs. Guilt." This stage typically occurs between the ages of 3 and 5 years old. During this period, children begin to develop a sense of autonomy and start exploring their surroundings, learning about their capabilities and limitations.
Initiative, in this context, refers to the child's ability to take charge of their actions and make decisions independently. This includes learning to plan activities, assert themselves, and engage in cooperative play with their peers. Developing a sense of initiative is crucial for the child's future ability to set goals, make choices, and interact with others in a socially appropriate manner.
On the other hand, guilt can arise when the child's attempts at independence and exploration are met with disapproval or criticism from their caregivers. This may lead the child to feel that they are not capable of making decisions or taking action on their own, ultimately hindering their development and self-esteem.
To support healthy psychosocial development during the preschool years, it is important for caregivers to provide a nurturing and supportive environment where children are encouraged to explore, take risks, and make decisions. This can be achieved by offering praise and encouragement for their efforts, setting reasonable expectations and boundaries, and fostering open communication.
In conclusion, the preschool years are a critical time for the development of initiative and the prevention of guilt in the context of Erikson's psychosocial theory. Caregivers play a pivotal role in fostering a healthy balance between these two opposing forces, ultimately promoting the child's overall development and well-being.
To know more about psychosocial development, visit https://brainly.com/question/11917863
#SPJ11
An auditor is required to confirm accounts receivable if the accounts receivable balances are: material to the financial statements. subject to valuation estimates.
An auditor is required to confirm accounts receivable if the accounts receivable balances are material to the financial statements and subject to valuation estimates.
In this situation, the terms material and subject to valuation estimates are important:
1. Material: The accounts receivable balances are significant enough that they could potentially impact the users' decisions based on the financial statements. The auditor must ensure that the balances are accurate and fairly represented.
2. Subject to valuation estimates: The accounts receivable balances require management's judgment in estimating their value, which introduces the risk of misstatement. The auditor needs to confirm these estimates to ensure that they are reasonable and in accordance with the applicable accounting standards.
To confirm accounts receivable, the auditor would typically perform the following steps:
1. Obtain a detailed listing of accounts receivable and verify its accuracy and completeness.
2. Select a sample of accounts receivable balances for confirmation.
3. Send confirmation requests to the customers of the selected balances, requesting them to confirm the amounts owed to the company.
4. Evaluate the responses received from the customers and investigate any discrepancies or non-responses.
5. Assess the reasonableness of management's valuation estimates for the accounts receivable balances.
6. Perform additional audit procedures as necessary, based on the results of the confirmation process and the assessed risks of material misstatement.
Learn more about auditing here: https://brainly.com/question/24317218
#SPJ11
Rank companies A-C based on how favorable their receivables turnover ratio is (from most favorable on the top to least favorable). (Assume the companies have similar credit terms.)
Company A: 3.4 times
Company B: 5.6 times
Company C: 2.4 times
From most favorable to least favorable receivable turnover ratio:
1. Company B: 5.6 times
2. Company A: 3.4 times
3. Company C: 2.4 times
To rank companies A-C based on how favorable their receivables turnover ratio is, from most favorable to least favorable, follow these steps:
1. Look at the receivables turnover ratios provided for each company:
Company A: 3.4 times
Company B: 5.6 times
Company C: 2.4 times
2. Recall that a higher receivable turnover ratio indicates better efficiency in collecting outstanding receivables. In other words, the company is able to convert its receivables into cash more quickly.
3. Compare the ratios and arrange them in descending order:
Company B: 5.6 times (most favorable)
Company A: 3.4 times
Company C: 2.4 times (least favorable)
So, the ranking of companies based on their receivables turnover ratios is: 1. Company B, 2. Company A and 3. Company C.
To know more about turnover ratios visit:
https://brainly.com/question/16447941
#SPJ11
management can estimate the amount of loss that will occur due to litigation against the company. if the likelihood of loss is remote, a contingent liability should be
Management can estimate the potential amount of loss that may occur as a result of litigation against the company. However, if the probability of incurring a loss is low, then it is considered a contingent liability. It is important for companies to disclose such liabilities in their financial statements to ensure transparency and to inform investors and stakeholders of potential risks.
Management can estimate the amount of loss that will occur due to litigation against the company. If the likelihood of loss is remote, a contingent liability should be disclosed in the notes to the financial statements, but not recorded as a liability on the balance sheet. This is because remote contingencies are considered to have a low probability of resulting in an actual liability, and disclosing them in the notes provides information to stakeholders without overstating the company's liabilities.
Learn more about liability here: brainly.com/question/18484315
#SPJ11
Fill in the blank. A major problem that self-managed work teams can encounter is ________.
Lack of Direction. A major problem that self-managed work teams can encounter is lack of direction. This can happen when a team has been left to manage itself without guidance from a leader or supervisor.
Without direction, a team may struggle to stay on task and efficiently complete their work. In addition, team members may find themselves in disagreement about the course of action that needs to be taken to complete their tasks. This can lead to confusion, decreased productivity, and ultimately, failure to meet goals.
To mitigate this issue, it is important for self-managed teams to establish clear goals and objectives, as well as a timeline for completion.
A team also needs to establish processes and procedures to ensure that tasks are delegated appropriately and completed efficiently. Additionally, communication among team members should be maintained to ensure that everyone is on the same page and working towards the same goals.
Lastly, if needed, a leader or supervisor should be appointed to provide guidance and direction to the team. By following these steps, teams can avoid the problem of lack of direction and successfully manage their own work.
Know more about Supervisor here
https://brainly.com/question/14936907#
#SPJ11
your company has net sales revenue of $54 million during the year. at the beginning of the year, fixed assets are $26 million. at the end of the year, fixed assets are $28 million. what is the fixed asset turnover ratio? m
This means that for every dollar invested in fixed assets, the company generated $2 in net sales revenue during the year.
The fixed asset turnover ratio is a financial metric that measures the efficiency of a company in generating revenue from its investment in fixed assets. To calculate this ratio, we need to divide the company's net sales revenue by its average fixed assets for the year. In this case, the fixed asset turnover ratio can be calculated as follows:
Fixed asset turnover ratio = Net sales revenue / Average fixed assets
Average fixed assets = (Beginning fixed assets + Ending fixed assets) / 2
Average fixed assets = ($26 million + $28 million) / 2
Average fixed assets = $27 million
Fixed asset turnover ratio = $54 million / $27 million
Fixed asset turnover ratio = 2
This means that for every dollar invested in fixed assets, the company generated $2 in net sales revenue during the year. A high fixed asset turnover ratio indicates that the company is efficiently using its fixed assets to generate revenue, while a low ratio suggests that the company may need to re-evaluate its investment in fixed assets.
For more about fixed assets:
https://brainly.com/question/14404094
#SPJ11
P19-4 (Permanent and Temporary Differences, One Rate) The accounting records of Shinault Inc. show the following data for 2014 (its first year of operations).
1. Life insurance expense on officers was $9,000.
2. Equipment was acquired in early January for $300,000. Straight-line depreciation over a 5-year life is used, with no salvage value. For tax purposes, Shinault used a 30% rate to calculate depreciation.
3. Interest revenue on State of New York bonds totaled $4,000.
4. Product warranties were estimated to be $50,000 in 2014. Actual repair and labor costs related to the warranties in 2014 were $10,000. The remainder is estimated to be paid evenly in 2015 and 2016. 5.
Gross profit on an accrual basis was $100,000. For tax purposes, $75,000 was recorded on the installment- sales method. 6. Fines incurred for pollution violations were $4,200. 7. Pretax financial income was $750,000. The tax rate is 30%. Instructions
(a) Prepare a schedule starting with pretax financial income in 2014 and ending with taxable income in 2014.
(b) Prepare the journal entry for 2014 to record income taxes payable, income tax expense, and deferred income taxes.
(a) Schedule:
Pretax financial income $750,000
Add: Life insurance expense $9,000
Add: Depreciation ($300,000 ÷ 5) $60,000
Add: Interest revenue $4,000
Less: Warranty expense ($50,000 - $10,000) $40,000
Less: Installment-sales gross profit ($100,000 - $75,000) $25,000
Add: Pollution fines $4,200
Taxable income $752,200
(b) Journal entry:
Income tax expense ($750,000 × 30%) $225,000
Deferred tax liability (Depreciation) $18,000
Deferred tax asset (Warranty) $6,000
Income taxes payable $201,000
Part (a) requires the preparation of a schedule to calculate taxable income for the year. Permanent and temporary differences between financial income and taxable income are identified and their effects on taxable income are computed.
Part (b) requires the journal entry to record income tax expense, income taxes payable, and deferred taxes.
The deferred tax liability is calculated by multiplying the temporary difference in depreciation by the tax rate, while the deferred tax asset is calculated by multiplying the temporary difference in warranty expense by the tax rate. The sum of income tax expense and deferred taxes equals income taxes payable.
For more questions like Income click the link below:
https://brainly.com/question/14732695
#SPJ11
Acting in a manner that is inconsistent with the stated rules of a legal statute, knowing that your actions are incompatible with that statute, corresponds to which of the following stages of moral development?a. The pre-conventional stageb. The conventional stagec. The post-conventional staged. All of the above
Acting in a manner that is inconsistent with the stated rules of a legal statute, knowing that your actions are incompatible with that statute, corresponds to the post-conventional stage of moral development. Option c is correct.
The post-conventional stage of moral development, as described by Lawrence Kohlberg, is the stage where individuals develop their own ethical principles and values that may diverge from societal norms and laws. In this stage, individuals recognize that there are different perspectives and values, and they may question the legitimacy of laws that conflict with their own principles.
In contrast, the pre-conventional stage of moral development is focused on obedience and punishment, where individuals make decisions based on avoiding punishment or seeking rewards. The conventional stage is focused on following social norms and laws to maintain social order and avoid disapproval from others.
Therefore, the post-conventional stage is the most appropriate stage for individuals who are aware of the legal statutes but choose to act in a manner that is inconsistent with them due to their own ethical principles and values.
Therefore, option c is correct.
Learn more about the post-conventional stage: https://brainly.com/question/8541162
#SPJ11
a key factor enabling alibaba to grow rapidly is the labyrinth-like internal structure that is complex when compared to most business models. what is the key to harmonizing the various businesses into a cohesive company
The key to harmonizing the various businesses into a cohesive company at Alibaba is: the concept of the "One Alibaba" philosophy.
This philosophy emphasizes collaboration and integration across all of Alibaba's businesses and subsidiaries, with the goal of creating a unified ecosystem that can provide a seamless customer experience.
To achieve this, Alibaba has implemented a number of initiatives, including:
Unified Data Platform: Alibaba has built a centralized data platform that collects and analyzes data from all of its businesses, providing insights and intelligence that can be leveraged across the entire ecosystem.
Shared Technologies: Alibaba has developed a suite of technologies and tools that can be shared across its businesses, including cloud computing, AI, and logistics. This allows the company to achieve economies of scale and provide consistent service levels across all of its businesses.
Cross-Business Collaboration: Alibaba encourages collaboration and communication across its businesses, with the goal of sharing knowledge and best practices. This helps to avoid duplication of effort and ensures that the company is leveraging its resources effectively.
By implementing these initiatives, Alibaba has been able to harmonize its various businesses into a cohesive company, with each business supporting and enhancing the others.
This has enabled the company to achieve rapid growth and become one of the most successful e-commerce companies in the world.
To know more about company, refer here:
https://brainly.com/question/29733060#
#SPJ11
Fill in the blanks: suppose a consumer buys both x and y, which are unrelated goods. if the price of x falls, the ____ effect will cause the consumer to buy ____ of good x and ____ of good y.
Suppose a consumer buys both x and y, which are unrelated goods. If the price of x falls, the substitution effect will cause the consumer to buy more of good x and less of good y.
The substitution effect refers to the change in consumption patterns that occurs when the price of a good changes, assuming that the consumer's income and preferences remain constant. When the price of good x falls, it becomes relatively cheaper compared to good y. As a result, consumers will tend to substitute good x for good y and buy more of good x and less of good y, as they can now get more of good x for the same amount of money.
It is important to note that the substitution effect assumes that the consumer's income and preferences remain constant. If the price change leads to a change in the consumer's income or preferences, this may also affect the consumer's consumption patterns beyond the substitution effect.
To know more about employee,
https://brainly.com/question/27773546
#SPJ11
the passage of time increases the elasticity of demand for many goods because ____
The passage of time increases the elasticity of demand for many goods because consumers have more time to search for substitutes or alternatives to the product.
As time goes on, consumers may become more aware of other options available in the market and be more likely to switch to a cheaper or better alternative. The longer a product has been on the market, the more likely it is that its price will have changed, making it more or less attractive to consumers. In some cases, advancements in technology or changes in consumer preferences may also make a product less desirable over time, further increasing its elasticity of demand. Overall, the passage of time can lead to a greater willingness among consumers to switch to other options, making the demand for a product more elastic. Additionally, as time passes, individuals' preferences and tastes evolve, leading to shifts in demand for certain goods. Overall, the passage of time enhances consumers' ability to adjust their behavior in response to market changes, resulting in increased elasticity of demand for many goods.
To know more about elasticity of demand visit:
brainly.com/question/30704413
#SPJ11
15. Why do some countries use the U.S. dollar as their primary currency? (Logical Question) . A) They feel the U.S. dollar provides monetary stability. They also see the U.S. as a "safe haven" country B) If the country had a history of massive inflation, then the people will want to use a currency they can trust. C) Because the people know their corrupt leaders have no control over printing U.S. dollars. D) All of the statements above are true.
Some countries use the U.S. dollar as their primary currency because they feel the U.S. dollar provides monetary stability, see the U.S. as a "safe haven" country, if the country had a history of massive inflation, then the people will want to use a currency they can trust, and the people know their corrupt leaders have no control over printing U.S. dollars. Option D is correct.
Countries may choose to use the U.S. dollar as their primary currency for a variety of reasons, including the perceived monetary stability and global acceptance of the U.S. dollar. The U.S. is also seen as a "safe haven" country, which means that during times of economic uncertainty, investors may choose to invest in the U.S. and hold U.S. dollars.
Additionally, if a country has a history of massive inflation, its citizens may lose trust in their local currency and turn to a more stable currency like the U.S. dollar. Finally, some countries may choose to use the U.S. dollar to avoid the risks associated with their own corrupt leaders controlling the printing of their currency.
Therefore, option D is correct.
Learn more about currency https://brainly.com/question/14372075
#SPJ11
Find a better schedule by reducing the number of orders and carrying some inventory. what are the savings with this new schedule? to derive a better and cost effective method of production the least total cost method (ltc) will be used. the ltc is a dynamic sizing technique used lot sizing to calculate the order quantity (cafferky
The LTC method is an effective way to derive a better and cost-effective method of production by reducing the number of orders and carrying some inventory. This approach can result in significant savings and help businesses optimize their production schedules for maximum efficiency and profitability.
To derive a better schedule by reducing the number of orders and carrying some inventory, the least total cost (LTC) method will be used. The LTC method is a dynamic sizing technique that utilizes lot sizing to calculate the order quantity. With this method, we can determine the optimal production schedule that minimizes total costs, taking into account both production and inventory holding costs.
By reducing the number of orders and carrying some inventory, we can achieve significant savings. With fewer orders, we will spend less on order setup costs, and with more inventory on hand, we can avoid stockouts and reduce the risk of lost sales. This means we can take advantage of quantity discounts and reduce the overall cost of production.
The savings with this new schedule will depend on various factors, such as the cost of production, inventory holding costs, and order setup costs. However, in general, we can expect to see significant savings from reducing the number of orders and carrying some inventory. By optimizing our production schedule using the LTC method, we can reduce costs while maintaining high levels of production efficiency.
For more such questions on LTC method.
https://brainly.com/question/29890305#
#SPJ11
Find the marginal revenue curve under monopoly market. 1. When the demand curve is P = -50+25, the Marginal Revenue curve is MR = Q- 2. When the demand curveis P = .0.5Q + 12, the Marginal Revenue cur
For the given demand curves, the marginal revenue curves are as follows:
1. MR = -100Q + 25
2. MR = Q + 12
In general, under a monopoly market, the Marginal Revenue curve is downward sloping and lies below the demand curve. This is because in a monopoly market, the firm can only sell more units by lowering the price, which leads to a decrease in revenue for each additional unit sold.
To find the marginal revenue curve under a monopoly market for the given demand curves.
1. When the demand curve is P = -50Q + 25, we first need to express the total revenue (TR) as a function of Q. To do this, we can multiply the price (P) by the quantity (Q), giving us TR = P * Q = (-50Q + 25) * Q = -50Q² + 25Q. Next, we'll find the marginal revenue (MR) by taking the derivative of the total revenue with respect to Q: MR = d(TR)/dQ = -100Q + 25.
2. When the demand curve is P = 0.5Q + 12, we'll follow the same process. First, we'll find the total revenue (TR) by multiplying the price (P) by the quantity (Q): TR = P * Q = (0.5Q + 12) * Q = 0.5Q² + 12Q. Then, we'll find the marginal revenue (MR) by taking the derivative of the total revenue with respect to Q: MR = d(TR)/dQ = Q + 12.
Learn More about monopoly here :-
https://brainly.com/question/22934249
#SPJ11
why is the first thing the audience hears in your presentation key to careful planning of the presentation?
The first thing the audience hears in a presentation is key because it sets the tone and establishes the speaker's credibility.
The opening of a presentation is critical because it sets the stage for the rest of the presentation. It is the first opportunity for the speaker to grab the audience's attention and create a connection with them. If the opening is weak or uninteresting, the audience may lose interest, and the speaker may have a hard time regaining their attention.
Additionally, the opening should establish the speaker's credibility by demonstrating their knowledge and expertise on the topic. By doing so, the audience is more likely to trust and engage with the speaker throughout the presentation. Therefore, careful planning of the opening is crucial to ensure a successful and engaging presentation.
For more questions like Audience click the link below:
https://brainly.com/question/30435704
#SPJ11
Red Oak Inc., a furniture manufacturing company, manufactures furniture only when an order is received. It coordinates and integrates the activities of its suppliers, designers, and carpenters to ensure an efficient production cycle. This enables Red Oak Inc. to deliver the products to customers within five working days. This is an example of management. a. supply chain O b. returns C. asset lifecycle d. customer relationship
Red Oak Inc. demonstrates supply chain management. Option a is correct.
Red Oak Inc. manages the flow of materials, information, and finances from the procurement of raw materials to the delivery of finished products to customers. They integrate the activities of various stakeholders, such as suppliers, designers, and carpenters, to ensure an efficient production cycle. By focusing on effective supply chain management, Red Oak Inc. can deliver products to customers within a short time frame, thus enhancing customer satisfaction.
In this process, Red Oak Inc. utilizes different aspects of supply chain management, including procurement, production, and logistics. They work closely with their suppliers to ensure the timely and efficient delivery of materials needed for production. Additionally, Red Oak Inc. collaborates with designers to create high-quality furniture designs that meet customer needs. Finally, they coordinate with carpenters to manufacture the furniture according to the designs and specifications provided.
Overall, Red Oak Inc.'s approach to managing its production process is an excellent example of supply chain management, as it streamlines the entire process from procurement to delivery, ensuring customer satisfaction and maintaining a competitive edge in the market.
To learn more about supply chain management, visit: https://brainly.com/question/28031686
#SPJ11