Answer:
Because liquid assets are a part of the entire wealth/value of a company.
Explanation:
If Jeff Bezos has 60 billion of dollars worth of assets like buildings and physical investments, that isnt his total wealth, you have to count in his liquid cash as well.
Businesses' liquid assets are a part of the entire wealth/value of a company.
What is the meaning of Business?A person who produces items or provides services to sell them for a profit is engaging in business. Enterprise Definition. An innovative company or group that engages in professional activities. They could be industrial, commercial, or something else.
The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.
An economic institution known as a business produces and/or distributes goods and services to make money and accumulate wealth. Whatever the type of business entity, such as a sole proprietorship, a Hindu undivided family, or a partnership firm.
Making a living or earning money through the production, acquisition, and sale of items is referred to as doing business. Additionally, it includes "any activity and enterprise undertaken for profit."
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Skysong Company leased equipment from Costner Company, beginning on December 31, 2019. The lease term is 4 years and requires equal rental payments of $40,654 at the beginning of each year of the lease, starting on the commencement date (December 31, 2019). The equipment has a fair value at the commencement date of the lease of $140,000, an estimated useful life of 4 years, and no estimated residual value. The appropriate interest rate is 11%. Click here to view factor tables. Prepare Skysong’s 2019 and 2020 journal entries, assuming Skysong depreciates similar equipment it owns on a straight-line basis.
Answer:
Date Account Titles and Explanation Debit Credit
31/12/19 Leased Assets $140,000
Lease liability $140,000
(To record lease liability)
31/12/19 Lease liability $40,654
Cash $40,654
(To record lease payment)
31/12/19 Interest expenses $10,928
[(140,000-40,654)*11%
Lease liability $29,726
Cash $40,654
(To record interest expenses)
31/12/19 Amortization expense ($140,000/4) $35,000
Right of use Assets $35,000
(To record amortization expense)
What is critical thinking?
Answer:
Critical thinking is the analysis of facts to form a judgment. The subject is complex, and several different definitions exist, which generally include the rational, skeptical, unbiased analysis, or evaluation of factual evidence.
Explanation:
i just know
Supervisor: "If you increase your current quality score of 85% by 7%, you will have a
score of
Answer:
90.95% (if you need to round it up, then its 91%)
Explanation:
7% of 85% is 5.95%. You add that to the 85%, and you get 90.95%! :]
Hope this helped!! :]
A strategy in which a U.S, based company maintains production facilities in the U.S. and ships products
to Canada for sale to consumers, best describes
Answer: Export manufacturing.
Explanation:
As you included no options, I can only give a general answer.
The scenario described above is export manufacturing. Export manufacturing is a strategy where a company produces goods solely for the purpose of exporting them to another country for sale.
This is what is happening in the scenario above. The U.S. based company is producing goods in the United States then sending them to Canada to be sold thereby engaging in export manufacturing.
When Scott Calvin (Tim Allen) tries on a Santa suit, he discovers that he has assumed all of Santa's responsibilities. Calvin tries to challenge his acceptance of the terms of the agreement. Analyze the problem with offer, acceptance, and terms in very fine print (a magnifying glass is required.) Do the terms of the suit contract apply when Calvin did not know them at the time he put on the suit?
If you haven't seen this movie yet or don't recall some of the details, you may want to view it or rent it from a source like the library, video rental, etc.
Answer:
Yes
Explanation:
The above excerpt given in the question is taken from the film "Santa Claus" in the year 1994. In this film, Tim Allen who plays the role of a business man, named Scott Calvin. Bernard offers him the santa suit which contains a card in fine print of the 'santa claus'. As soon as Calvin wears the suit and enters the sleigh, he enters into the contract of being Santa Claus permanently.
Calvin was not aware with the terms o contract of wearing the suit, the contract is legally binding as he should have read the card with the fine print of the 'santa claus' on it before wearing the suit.
Entrepreneurs often produce innovations related to?:
A. multiple patents
B. new ways of doing business
C. competitive intelligence
D. market identification
(Small Business Management college course)
Entrepreneurs often produce innovations related to market identification. Thus, option (d) is correct.
Who is Entrepreneurs?
The term “entrepreneur” refers to the person who launches a new business at their own risk and profit basis. The starting up of a new business with a new idea and logic is called entrepreneurship. The entrepreneur's main motive is to set up a business to generate employment.
The entrepreneur is work new idea as called startup company. The entrepreneurs as the startup, the business as the innovations of the consumer problems. The entrepreneur as the search, the market identification of the consumer demand and needs. The entrepreneur as also search the competitors of the market.
As a result, the entrepreneurs as they produced the identification of the market. Therefore, option (d) is correct.
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Diana Corporation provides the following information for 2017 Calculate a. cost of goods manufactured in 2017 and b. cost of goods sold in 2017 Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. Production in 2017 was 100,000 units. Two pounds of direct materials are used to make one unit of finished product. Revenues in 2017 were $473,200. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished- goods inventory at December 31, 2017, was $20,970. Required 1. Calculate direct materials inventory, total cost, December 31, 2017. 2. Calculate finished-goods inventory, total units, December 31, 2017. 3. Calculate selling price in 2017. 4. Calculate operating income for 2017.
Question Completion:
Diana Corporation provides the following information for 2017: 2-3 Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $ 9,000 $160,000 $ 8,000 $ 15,000 $ 21,000 -) 195.000
Answer:
Diana Corporation
Aa. Cost of Goods Manufactured in 2017 is:
= $161,000
Ab. Cost of Goods Sold in 2017 is:
= $155,000
B1. Direct materials inventory, total cost, December 31, 2017:
= $ 8,000
B2. Finished Goods Inventory, total units, December 31, 2017:
= 13,125 units
B3. Selling Price in 2017 is:
= $4.92
B4. Operating Income for 2017:
Revenue $473,200
Cost of goods sold 155,000
Gross profit $318,200
Marketing, distribution,
and customer-service
Expenses 195,000
Operating Income $123,200
Explanation:
a) Data and Calculations:
Beginning work-in-process inventory, 1/1/2017 = $ 9,000
Total manufacturing costs incurred in 2017 = $160,000
Ending work-in-process inventory, 12/31/2017 = $ 8,000
Beginning inventory of finished goods, 1/1/2017 = $ 15,000
Ending inventory of finished goods, 12/31/2017 = $ 21,000
Production in 2017 = 100,000 units
Direct materials = 2 pounds for 1 unit of finished product.
Revenue in 2017 = $473,200
Ending inventory of finished goods = average cost.
Finished goods inventory at December 31, 2017 = $20,970
Selling and Distribution expenses = $195,000
Cost of goods manufacturing in 2017:
Beginning work-in-process inventory, 1/1/2017 = $ 9,000
Total manufacturing costs incurred in 2017 = $160,000
Ending work-in-process inventory, 12/31/2017 = ($ 8,000)
Cost of goods manufactured in 2017 = $161,000
Cost of goods sold in 2017:
Beginning inventory of finished goods, 1/1/2017 = $ 15,000
Cost of goods manufactured in 2017 = $161,000
Ending inventory of finished goods, 12/31/2017 = $ 21,000
Cost of goods sold in 2017 = $155,000
Production in 2017 = 100,000 units
Direct materials cost per unit = $161,000/100,000 = $1.61
Total units of finished goods inventory
Beginning inventory of finished goods, 1/1/2017 = $ 15,000
Cost of goods manufactured in 2017 = $161,000
Total cost of goods available for sale = $176,000
Units = $176,000/$1.61 = 109,317 units
Ending units of finished goods inventory = $21,000/$1.61 = 13,125 units
Selling price in 2017:
Cost of goods sold = $155,000
Unit cost = $1.61
Units sold = $155,000/$1.61
= 96,273 units
Selling price = Revenue/Units sold = $473,200/96,273 = $4.92
Operating income for 2017
Angel Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $27,700. In addition, tax depreciation exceeded book depreciation by $104,500. Finally, Angel subtracted a dividends received deduction of $28,600 in computing its current year taxable income. Angel's hypothetical tax express in its reconciliation of its income tax expense is:
Answer:
$346,120
Explanation:
Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is
Using this formula
Tax expense =Pretax book income*Tax rate
Let plug in the formula
Tax expense =$1,018,000*34%
Tax expense =$346,120
Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120
Could someone help plsss!!
Answer:
2. If a business cant produce a commodity to be sold it cant meet demand meaning its business cant function.
3. 2 ways cash flows can be disrupted is taxes and wages, wages means less money can be used to buy materials to create products and instead has to pay workers. Taxes also take money from the business cash flow.
4. Planning for investments now need to be re-planned because less money was made available to the business owner, and because of the long amount of work the workers took to complete the business, Moira has to pay them extra for their extra hours of time. (with the exception on if it was one time contract payment work)
5. i dont know, but perhaps price incentives could bring more demand to the store in the months lacking demand like February, so this one youll have to do on your own.
Explanation:
Give me brainliest!
Briefly explain how the demand curve for workers is determined.
Answer:
When the marginal revenue product of labor is graphed, it represents the firm's labor demand curve. The demand curve is downward sloping due to the law of diminishing returns; as more workers are hired, the marginal product of labor begins declining, causing the marginal revenue product of labor to fall as well.
Explanation:
On July 1, Shady Creek Resort borrowed $310,000 cash by signing a 10-year, 11% installment note requiring equal payments each June 30 of $52,639. What amount of interest expense will be included in the first annual payment
Answer:
$34,100
Explanation:
The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%
Interest expense on the first annual payment=$310,000*11%
Interest expense on the first annual payment=$34,100
The amount principal repayment in respect of the first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.
The Principal portion of the first payment=$52,639-$34,100=$18,539
Coldwell, Inc. issued a $100,000, 4-year, 10% note at face value to Flint Hills Bank on January 1, 2020, and received $100,000 cash. The note requires annual interest payments each December 31. Prepare Coldwell's journal entries to record (a) the issuance of the note and (b) the December 31 interest payment.
Answer:
a) Dr Cash 100,000
Cr Notes Payable 100,000
(b) Dr Interest Expense 10,000
Cr Cash 10,000
Explanation:
Preparation of Coldwell's journal entries
a) Dr Cash 100,000
Cr Notes Payable 100,000
(Being to record the issuance of the note)
(b) Dr Interest Expense 10,000
Cr Cash 10,000
(10%*100,000)
(Being to record the December 31 interest payment)
Grover Company has the following data for the production and sale of 1,700 units. Sales price per unit $ 950 per unit Fixed costs: Marketing and administrative $ 340,000 per period Manufacturing overhead $ 314,500 per period Variable costs: Marketing and administrative $ 65 per unit Manufacturing overhead $ 90 per unit Direct labor $ 110 per unit Direct materials $ 220 per unit What is the full cost per unit of making and selling the product
Answer:
Total unitary cost= $870
Explanation:
First, we need to calculate the unitary fixed costs:
Unitary fixed marketing and administrative cost= 340,000 / 1,700
Unitary fixed marketing and administrative cost= $200
Unitary fixed overhead= 314,500/1,700= $185 per unit
Now, we can determine the total unitary cost:
Marketing and administrative= 65
Manufacturing overhead= 90
Direct labor= 110
Direct materials= 220
Unitary fixed marketing and administrative cost= 200
Unitary fixed overhead= 185
Total unitary cost= $870
Compute the contribution margin ratio using the following data: sales, $4,800; total variable cost, $2,976.
Answer:
the contribution margin is $1,824
Explanation:
The computation of the contribution margin is shown below:
As we know that
Contribution margin is
= $Sales - variable cost
= $4,800 - $2,976
= $1,824
hence, the contribution margin is $1,824
Business owners and managers prefer to hire people who are referred to them personally. True or false?
Answer:
THE ANSWER IS TRUE
Explanation:
i took the test
Which of the following is a skill?
A. Sitting
B. Hearing
C. Dancing
O D. Talking
Answer:
Dancing
Explanation:
Most people are born with the ability to sit, hear, and talk. Dancing is a skill u have to learn.
When the managers in a marketing department produce a marketing plan that is "greater than the sum of the parts contributed by individual managers," this is an example of:
a.
division of labor.
b.
consideration.
c.
specifying job responsibilities.
d.
synergism.
Answer:
d. synergism.
Explanation:
Given that the term synergism is a term that describes the process of interaction between two or more parts or groups to give rise to a combined result that is greater than the sum of its parts or groups.
Hence, in this case, when the managers in a marketing department produce a marketing plan that is "greater than the sum of the parts contributed by individual managers," this is an example of: SYNERGISM
Use the formula Profit=Revenue-Expenses and think of a business. Write a paragraph about how you will make revenues for your business. What your expenses will be. Then figure out your Profit.
hurry pls
Answer:
Profit concept explanation, with example of a coaching institute.
Explanation:
The business considered is of a coaching institute.
Its revenue is the fee earned by students studying in the institute.
The cost is fixed cost of set up, variable cost on electricity, mantainence & other miscellaneous expenses.
Profit = Total Fee received from all the students - Total cost of fixed & variable factors.
Eg : Fee per student = 1000, 10 students. Fixed cost = 2000, Variable cost = 1000
Profit = 1000 (10) - 2000 - 1000
= 10000 - 3000 = 7000
Testbank Multiple Choice Question 122 On January 1, 2012, Bramble Corp. purchased for $768000, equipment having a useful life of ten years and an estimated salvage value of $36000. Bramble has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2020, the equipment was sold for $137500. As a result of this sale, Bramble should recognize a gain of
Answer: $28,300
Explanation:
The gain that Bramble will recognize will goes thus:
First and foremost, we have to calculate the accumulated depreciation on the equipment and this will be:
= (768,000 - 36,000)/10 x 9
= 658,800
After that, we would find the value of the net Bmbook value on Dec 31, 2020 and this will be:
= 768,000 - 658,800
= 109,200
The gain will then be:
= Sales value - Net book value
= 137,500 - 109,200
= 28,300
Form 1099 is used to: Multiple Choice Report the amount paid to a vendor in compliance with IRS regulations Report the amount received from customers in compliance with IRS regulations Report the amount paid to employees in compliance with IRS regulations None of the choices are correct
Answer:
Report the amount paid to a vendor in compliance with IRS regulations
Explanation:
The form 1099 is an irs tax form. This form Is use In The United States of America to file reports on incomes that are not from salary or wages.
This form gives a report of interests and dividends and other income.
It is compulsory that this form is issued to any vendor that a person has paid at least 600 dollars in services or rents.
Refer to Women's Athletic Wear. One of the biggest differences between men and women consumers is that men tend to stay loyal to a store. Women are much more ready to shop around--perhaps because they demand more from their products than men. Andrea wants to start jogging, but she has been told she needs to find well-fitting jogging underwear. Andrea is at the first stage of the: Group of answer choices product positioning consumer decision-making process selective perception product differentiation market segment
Answer:
consumer decision-making process
Explanation:
When buyers want to make a purchase there are many factors that come into play before he makes a choice on which product to buy.
The process by which a user identifies which product best meets his needs, gathers information on how to solve their needs, examines alternatives, make purchase, and gauge satisfaction from purchase are the processes of consumer decision-making process.
On the given scenario Andrea wants to start jogging, and she has been told she needs to find well-fitting jogging underwear.
This is the the stage of identifying consumer needs, the first stage of consumer decision-making process.
Find the amount to which $625 will grow under each of the following conditions. Do not round intermediate calculations. Round your answer to the nearest cent.
A. 4% compounded annually for 5 years
____________ $
B. 4% compounded semiannually for 5 years
____________ $
C. 4% compounded quarterly for 5 years
____________ $
D. 4% compounded monthly for 5 years
____________ $
Answer:
Results are below.
Explanation:
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
a) i= 0.04 annually compounded
n= 5
PV= $625
FV= 625*(1.04^5)
FV= $760.41
b) i= 0.04/2 = 0.02 semiannually compounded
n= 5*2= 10
PV= $625
FV= 625*(1.02^10)
FV= $761.87
c) i= 0.04/4 = 0.01 quarterly compounded
n= 5*4= 20
PV= $625
FV= 625*(1.01^20)
FV= $762.62
d) i= 0.04/12 = 0.0033 monthly compounded
n= 5*12= 60
PV= $625
FV= 625*(1.003333^60)
FV= $763.11
A jet-setting lawyer plans on living large on the French Rivera in retirement. The lawyer anticipates living for 20.00 more years after retirement and will need $294,800.00 per year to support her life in the South of France. While retired, she will keep her money in a tax-free account that pays 2.00% per year. How much money will the lawyer need when she retires
Answer:
the amount that lawyer needed is $4,916,674
Explanation:
The computation of the amount that lawyer needed is shown below:
= $294,800 × Present value of annuity factor(2%,20)
= $294,800 × 16.678
= $4,916,674
Hence, the amount that lawyer needed is $4,916,674
Simply we multiplied the above two items
Weib Manufacturing experienced the following events during its first accounting period: Recognized revenue from cash sale of products. Recognized cost of goods sold from sale referenced in Event 1. Acquired cash by issuing common stock. Paid cash to purchase raw materials that were used to make products. Paid wages to production workers. Paid salaries to administrative staff. Recognized depreciation on manufacturing equipment. Recognized depreciation on office furniture. Required Use the following horizontal financial statements model to show how each event affects the GAAP-based balance sheet and income statement. Indicate whether the event increases (I), decreases (D), or has no effect (NA) on each element of the financial statements. The first transaction has been recorded as an example. Show accumulated depreciation as a decrease in the book value of the appropriate asset account.
Answer:
Weib Manufacturing
Balance Sheet Income Statement
Assets = Liabilities + Equity (Revenue - Expenses = Profit)
Recognized revenue from cash sale of products:
Cash (I) = RE (I) Revenue (I)
Inventory (D) = RE (D) Expenses (NA)
Cash (I) = RE (D) Expenses CGS (I)
Cash (D) Inventory (I)
Cash (D) = RE (D) Expenses (I) Wages
Cash (D) = RE (D) Expenses (I) Salaries
Equipment (D) = RE (D) Exp (I) Depreciation
Office Furniture (D) = RE (D) Exp (I) Depreciation
Explanation:
a) Data:
RE = Retained Earnings
Exp = Expenses
CGS = Cost of Goods Sold
Increases = (I), Decreases = (D), or has no effect = (NA)
b) The above records show the effect of the accounting equation on the elements of the financial statements of the income statement and the balance sheet.
Select the correct answer. Which part of a speech contains the speaker’s arguments, ideas, examples, and proof? A. the title of the speech B. the body of the speech C. the introduction of the speech D. the conclusion of the speech
Answer:
Its in the body o
Explanation:
Answer:
it is b
Explanation:
took the test and got 100%
it is a figure of speech in which ideas,action,or object are described in nonliteral terms
Answer:
parts of speech
Explanation:
Marin Golf Stores, Inc. operates a chain of golf equipment stores in the Western United States. In 2017 the company ran a promotion, providing customers with coupon each time a customer bought a dozen of a specific brand of golf balls. After accumulating five coupons, a customer could present the coupons to the store in exchange for a free golf hat. In 2017, Marin purchased 1,300 of the hats for the promotion at $9 each and sold 10,500 dozen golf balls eligible for the promotion at $50 per dozen. Customers presented 2,000 of the coupons for redemption in 2017. Customers have until June 30, 2018 to present coupons in exchange for a free hat. Estimates indicate that a total of 50% of the coupons will eventually be presented for redemption. Prepare all the entries that would be made relative to sales of the golf balls included in the promotion and to the golf hat premium plan in 2017
Answer:
Golf hat inventory (Dr.) $11,700
Purchase (Cr.) $11,700
Cash (Dr.) $525,000
Sales (Cr.) $ 525,000
Redemption of coupons
10500 / 5 = 2,100
50% customers redeem the coupon then
2100 hats * 50% = 1,050 hats.
Explanation:
Marin golf has purchased hats at a price of $9 per hat. This transaction is recorded in the journal entries. The company has also introduced a promotion in which customers can redeem coupon and get a free golf hat in exchange of 5 coupons.
Answer:
To record premium inventory:
Dr. Inventory of Premiums $11,700
Cr. Cash $11,700
To record sales:
Dr. Cash $525,000
Cr. Sales Revenue $525,000
To record the expense associated with the sale:
Dr. Premium Expense $3,600
Cr. Inventory of Premiums $3,600
To record the premium liability:
Dr. Premium Expense $5,850
Cr. Premium Liability $5,850
Explanation:
To record premium inventory:
# hats purchased × cost per hat = 1,300 × $9 = $11,700
To record sales:
# golf ball dozens sold × price per dozen = 10,500 × $50 = $525,000
To record the expense associated with the sale:
(# coupons presented ÷ coupons required per redemption) × cost per hat
= (2,000 ÷ 5) × $9 = $3,600
To record the premium liability:
1. Total estimated redemptions = # golf ball dozens sold × Estimated redemptions (in percent) = 10,500 × 50% = 5,250
2. Cost of estimated redemptions = (estimated redemptions ÷ coupons required per redemption) × cost per hat = (5,250 ÷ 5) × $9 = $9,450
3. Redemptions to date = expense associated with sale (from previous entry) = $3,600
4. Liability at 12/31/2017 = Cost of estimated redemptions - redemptions to date = $9,450 - $3,600 = $5,850
If you have an account with 31.99% APR, what is the periodic interest rate for February, June,
and March?
Answer: 2.67%
Explanation:
Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.
If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.
If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.
This question is asking for a monthly periodic interest rate:
= 31.99% / 12
= 0.026658
= 2.67%
During 2018, T Company engaged in the following activities: Distribution of cash dividends declared in 2017 $ 48 Fair value of shares issued in a stock dividend 220 Payment to retire bonds 452 Proceeds from the sale of treasury stock (cost: $52) 60 In T's statement of cash flows, what were net cash outflows from financing activities for 2018
Answer:
$440
Explanation:
First and foremost the financing activities hinted in the question are as follows:
Distribution of cash dividends declared in 2017 $ 48(outflow)
Payment to retire bonds $452(outflow)
Proceeds from the sale of treasury stock (cost: $52) $60(inflow)
net cash outflows from financing activities=-$48-$452+$60
net cash outflows from financing activities=-$440
What sections make up a balance sheet?
Assets
Capital
Liabilities
Owner's Equity
assets, liabilities, and equity.