The statement, if you hire a tax preparer, then you don't have to supply all accurate and complete tax information, is true.
Just knowing that a professional tax preparer is handling your taxes reduces stress. As, making mistakes here can become very costly. In terms of missed deductions or triggering an IRS letter or an audit, a tax professional can help eliminate errors by ensuring that your returns are prepared correctly.
So anyone with a relatively complicated tax situation can thus benefit from hiring a professional. Suppose if you own a business and have lots of different expenses to deduct, it may be worth paying someone who can help you in navigating your return.
Hence, option A is correct.
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Which form of advertising is the most dominant medium?
Answer: Local Broadcasting is Still the Most Dominant Medium.
Explanation:
Television and the local broadcasting are the form of advertising is the most dominant medium.
What is advertising?
The term “advertising” refers to the part of marketing communication. Advertising is a promotional tool used to attract and inform consumers about available products and services. The main objective of the advertisement is to promote a product or service being purchased by the target audience.
A mass communication medium known as “television is used here. A variety of channels, including news, sports, music, and movie channels, are available on television. Television and the local broadcasting are the dominant medium of advertising are the influenced to the public. The local broadcasting are the influenced the audience are the purchased the product.
As a result, the television and the local broadcasting are the form of advertising is the most dominant medium.
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Which of the following expenses should be included in your budget?
A) Clothing allowance
B) Entertainment (ex. going to the movies)
C) Gas/travel
D) All of these
Answer: D
Explanation: You need all of these things in your life. If you spend wisely you can get what you want AND the things that you need.
Which of the following best describes DECA?
O A. An organization whose mission has two parts: promoting careers
in the health care field and enhancing the delivery of quality health
care to all
о B. An association of high school students with a focus in marketing,
business, finance, hospitality, and management
OC. An association of high school students with a strong focus on
incorporating technology skills into business and future careers
OD. An organization that uses programs and service activities to
promote leadership, citizenship, and academic and technology
skills
The DECA is best described as an "association of high school students with a focus in marketing, business, finance, hospitality, and management".
The Distributive Education Clubs of America (DECA) refers to a non-profit organization that is classified as a Career and Technical Student Organization (CTSO). It has members all over the world, from the United States, to Canada, to China, to Germany, to Polan, and Mexico. Its programs are authorized by the US Congress and the Department of Education.
The programs of DECA are designed to meet the interests and learning styles of each student. It comprises the High School Division, and the Collegiate Division.
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If you had a clause in your wage contract that increased your wage bythe rate
of inflation as measured by the CPI calculated above, wouldyour standard
of living increase, decrease, or stay the same over the years 2003–2005?
Why
If wage is increased at the inflation rate measured by the CPI, the standard of living would increase. This is because the CPI overstates inflation.
What is the CPI?The consumer price index measures the changes in price of a basket of good. It is used to measure inflation.
Inflation is when there is a persistent rise in the general price levels in an economy. Inflation can be as a result of increase in the cost of production or an increase in the demand for goods and services. The consumer price index usually overstates inflation.
Consumer price index = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
One of the measures of the standard of living, is if wages rise in tandem with inflation. If the rate of increase in wages is greater than that of inflation, the standard of living is higher.
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Which of the following is NOT important to consider when choosing a career?
a
Your values
b
Your interests
c
Your skills
d
Your desired future lifestyle
e
All of the above are important to consider when choosing a career
Answer:
D. Your desired future lifestyle.
Why? Because you don't need your desired future lifestyle to be in mind as you choose your career. However, if it is not correct, then I think it would be E. All of the above are important to consider when choosing a career.
Explanation:
If it's wrong, I'm truly sorry, but I believe it is correct. Please give me Brainliest, but you don't have to if you don't want to. Thank you.
John looks at his budget and notices that, because of additional expenses this month, he will be unable to pay all of his bills. He is thinking about getting a cash advance but isn’t sure. What should John do? Go for it. Get a cash advance. Apply for a loan. Ask his friends for advice. Find reliable and relevant information, or possibly visit a representative from the bank to find out about special fees.
John is unable to pay all of his bills, so he is thinking about getting a cash advance but he is not sure. So he should find reliable and relevant information and possibly visit a representative from the bank to find out about special fees.
Cash advances allow the cardholders in order to borrow money against their existing credit line. Also, cash advances tend to have a higher interest rates than typical credit card purchases.
So if John is unable to pay all of his bills for the current month, he can find reliable and relevant information about cash advances by visiting a bank representative and also finding out about the special fees.
Hence, option E is correct.
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
PLSS ANSWER ASAP.
Direction: Identify the following. Write Strength, Weakness, Opportunities orThreat on the line.
1. Weak Leadership -
2. Strong Competition-
3. Popular Brand -
4. Competitive Salary-
5. Incompetent Manager-
6. Wide Range of Customers -
7. Reasonable Price -
8. Money Devaluation -
9. Unskilled Workers-
10. High Cost of Importation of Raw Materials -
On the line, indicating Strength, Weakness, Opportunities, or Threat.
1. Weak Leadership - weakness
2. Strong Competition- opportunity
3. Popular Brand - strength
4. Competitive Salary- strength
5. Incompetent Manager- weakness
6. Wide Range of Customers - opportunity
7. Reasonable Price - opportunity
8. Money Devaluation - threat
9. Unskilled Workers- weakness
10. High Cost of Importation of Raw Materials - weakness
Why Perform a SWOT Analysis?SWOT analysis, which stands for Strengths, Weaknesses, Opportunities, and Threats, is a method for evaluating these four components of your company. With the aid of a SWOT analysis, you can determine what your business performs well right now and create a winning strategy for the future.
Your company's internal strengths and weaknesses are factors over which you have some control and which you can make changes. Examples include your team members, your intellectual property and patents, and your location. Threats and opportunities come from events outside of your business, in the wider market.
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X
Blake quits his $50,000/year job to
care for his grandma for one year.
What's the opportunity cost of his
decision?
Answer:
he loses $50k is the correct answer
The opportunity cost of Blake's decision to quit his $50,000/year job to care for his grandma for one year is $50,000.
Why is this the opportunity cost ?This is the amount of money he would have earned if he had stayed in his job, but he is now giving up that money to care for his grandma.
In addition to the financial cost, there are also other opportunity costs associated with Blake's decision. For example, he may miss out on opportunities for career advancement, he may have to take on more debt, and he may have to sacrifice his own personal time and interests.
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A student took the state examination at the testing center and failed. She wants to review the test and see what answers she provided. She knows that she can review the exam within two years of the date of the examination, and she makes an appointment to do so. Will she be able to review the entire exam?
Yes. Because she is attempting the test inside the legally permitted two-year window, she will have time to revisit the entire thing.
What is a test?A test can be defined as the procedure in which various people are asked questions about various topics.
As a student took the test, it was constituted that the person have filled the test, but she still wanted to review the test to see what all were the mistake, she can access it as there is a Window for 2 years.
the people can see all where the mistake that they have made and can treat you accordingly, but after 2 years the test won't be available according to the policy.
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Money made from the sale of a good or service is called
Loss
Expenses
Revenue
Salary
The communication process begins with a messenger, also known as the person who receives the message.
The given statement is false. The correct statement is given below:
The communication process begins with a messenger, also known as the person who sends the message to the receiver.
Communication is important to the lifestyles and survival of human beings as well as to a business enterprise. it's miles a way of making and sharing thoughts, information, perspectives, statistics, and feelings from one vicinity, man or woman, or organization to another. communique is the crucial component of the Directing characteristic of manipulation. communique is the act of giving, receiving, and sharing statistics -- in different words, speaking or writing, and listening or studying. precise communicators pay interest carefully, communicate or write clearly, and respect awesome evaluations.
Anyone has a unique verbal exchange fashion, a manner in which they interact and change facts with others. There are four easy conversation patterns: passive, aggressive, passive-competitive, and assertive.
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Partial income statements of Schneider Products Inc. are reproduced below: 2019 $50,000 20,000 $30,000 2020 $50,000 23,000 $27,000 Sales Cost of goods sold Gross profit The 2019 ending inventory was overstated by $2,000 during the physical count. The 2020 physical inventory count was done properly. Required: 1. Calculate the impact of this error on the gross profit calculated for 2019 and 2020. 2. What is the impact of this error on total assets at the end of 2019 and 2020? Net assets?
Answer:291929
Explanation:
What is organizational structure
An organizational structure is the process by which the activities of the organization which includes but not limited to task allocation, coordination, and supervision are directed toward the achievement of organizational set goals.
Organizational structure influences the actions of the organization and provides the framework on which standard operating procedures and routines rest are developed.
Types of Organizational Structure.There are four major types of organizational struct and they include the following.
Functional structure. In a functional structure, organizations are divided into specialized groups with specific roles and duties. Divisional structure. In a divisional structure, various teams work alongside each other toward a single, common goal. ...Flatarchy refers to having both a hierarchical structure and a flatter structure that is more flexible, more independent and that is called a flat teamMatrix structure refers to cross-team collaboration and shared resource planning across projects.Learn more about Organizational structure at https://brainly.com/question/23967424
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Sven lives in Norway. Although the government owns some major industries, Sven does own and operate a small bakery. In addition, the government provides social programs for its citizens, like health insurance, social security, and pensions. Norway's economic system is
capitalism.
communism.
autocracy.
mixed.
socialism.
Based on the fact that Sven still owns a small bakery and the government owns some major industry, Norway's economic system is Mixed.
What is a mixed economy?A mixed economy is one that has both elements of a capitalist economy and a socialist economy.
This means that the government can own some industries and companies in the economy, but citizens are still able to own private companies and property like Sven in Norway.
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On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:
Nov. 1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,200.
1 Paid rent for period of November 1 to end of month, $4,000.
6 Purchased office equipment on account, $12,820.
8 Purchased a truck for $30,800 paying $6,900 cash and giving a note payable for the remainder.
10 Purchased supplies for cash, $1,650.
12 Received cash for job completed, $8,000.
15 Paid annual premiums on property and casualty insurance, $2,300.
23 Recorded jobs completed on account and sent invoices to customers, $12,000.
24 Received an invoice for truck expenses, to be paid in November, $1,190.
Enter the following transactions on Page 2 of the two-column journal:
Nov. 29 Paid utilities expense, $3,560.
29 Paid miscellaneous expenses, $1,800.
30 Received cash from customers on account, $7,500.
30 Paid wages of employees, $4,750.
30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $6,230.
30 Paid dividends, $2,000.
General Journal?
General Ledger?
Unadjusted Trial Balance?
Answer:
Explanation:
(1) Journalizing the Transactions:-
Heritage Designs
General Journal
For the Month of November,20Y9
Date Accounts Debit Credit
Nov. 1 Cash $50,000
Common Stock $50,000
Nov. 1 Rent Expense $4,000
Cash $4,000
Nov. 6 Office Equipment $15,000
Accounts Payable $15,000
Nov. 8 Truck $38,500
Cash $5,000
Notes Payable $33,500
Nov. 10 Supplies $1,750
Cash $1,750
Nov. 12 Cash $11,500
Fees Earned $11,500
Nov. 15 Prepaid Insurance $2,400
Cash $2,400
Nov. 23 Accounts Receivable $22,300
Fees Earned $22,300
Nov. 24 Truck Expense $1,250
Cash $1,250
Nov. 29 Utilities Expense $4,500
Cash $4,500
Nov. 29 Miscellaneous Expense $1,000
Cash $1,000
Nov. 30 Cash $9,000
Accounts Receivable $9,000
Nov. 30 Wages Expense $6,800
Cash $6,800
Nov. 30 Accounts Payable $3,000
Cash $3,000
Nov. 30 Dividends $2,500
Cash $2,500
(2) Posting the each Transaction into General Ledger:-
Cash
Date Items Debit Credit Balance
Nov. 1 Common Stock $50,000 $50,000
Nov. 1 Rent Expense $4,000 $46,000
Nov. 8 Truck $5,000 $41,000
Nov. 10 Supplies $1,750 $39,250
Nov. 12 Fees Earned $11,500 $50,750
Nov. 15 Prepaid Insurance $2,400 $48,350
Nov. 24 Truck Expense $1,250 $47,100
Nov. 29 Utilities Expense $4,500 $42,600
Nov. 29 Miscellaneous Expense $1,000 $41,600
Nov. 30 Accounts Receivable $9,000 $50,600
Nov. 30 Wages Expense $6,800 $43,800
Nov. 30 Accounts Payable $3,000 $40,800
Nov. 30 Dividends $2,500 $38,300
Accounts Receivable
Date Items Debit Credit Balance
Nov. 23 Fees Earned $22,300 $22,300
Nov. 30 Cash $9,000 $13,300
Supplies
Date Items Debit Credit Balance
Nov. 10 Cash $1,750 $1,750
Prepaid Insurance
Date Items Debit Credit Balance
Nov. 15 Cash $2,400 $2,400
Equipment
Date Items Debit Credit Balance
Nov. 6 Accounts Payable $15,000 $15,000
Truck
Date Items Debit Credit Balance
Nov. 8 Cash $5,000 $5,000
Nov. 8 Notes Payable $33,500 $38,500
Notes Payable
Date Items Debit Credit Balance
Nov. 8 Truck $33,500 $33,500
Accounts Payable.
Date Items Debit Credit Balance
Nov. 6 Equipment $15,000 $15,000
Nov. 30 Cash $3,000 $12,000
Common Stock
Date Items Debit Credit Balance
Nov. 1 Cash $50,000 $50,000
Dividends
Date Items Debit Credit Balance
Nov. 30 Cash $2,500 $2,500
Fees Earned
Date Items Debit Credit Balance
Nov. 12 Cash $11,500 $11,500
Nov. 23 Accounts Receivable $22,300 $33,800
Wages Expense
Date Items Debit Credit Balance
Nov. 30 Cash $6,800 $6,800
Rent Expense
Date Items Debit Credit Balance
Nov. 1 Cash $4,000 $4,000
Utilities Expense
Date Items Debit Credit Balance
Nov. 29 Cash $4,500 $4,500
Truck Expense
Date Items Debit Credit Balance
Nov. 24 Cash $1,250 $1,250
Miscellaneous Expense
Date Items Debit Credit Balance
Nov. 29 Cash $1,000 $1,000
(3) Preparing Unadjusted Trial Balance:-
Heritage Designs
Unadjusted Trial Balance
November 30,20Y9
No. Accounts Title Debit Credit
1 Cash $38,300
2 Accounts Receivable 13,300
3 Supplies 1,750
4 Prepaid Insurance 2,400
5 Equipment 15,000
6 Truck 38,500
7 Notes Payable $33,500
8 Accounts Payable 12,000
9 Common Stock 50,000
10 Retained Earnings 0
11 Dividends 2,500
12 Fees Earned 33,800
13 Wages Expense 6,800
14 Rent Expense 4,000
15 Utilities Expense 4,500
16 Truck Expense 1,250
17 Miscellaneous Expense 1,000
Totals $129,300 $129,300
(4) Determining the excess of revenues over expenses for November:-
Preparing Income Statement:-
Heritage Designs
Income Statement
For the Month Ended November 30,20Y9
Accounts Amount Amount
Fees Earned $33,800
Less:- Expenses
Wages Expense $6,800
Rent Expense 4,000
Utilities Expense 4,500
Truck Expense 1,250
Miscellaneous Expense 1,000
Total Expenses $(17,550)
Revenues over Expenses $16,250
Revenues over expenses for the month of November is $16,250.
(5) The amount determined in (4) might not be the net Income for November Because necessary adjustments to Expenses, like Depreciation has not made. So the amount not net Income for November.
Latosha's department has been introducing new goods and services on a rapid-fire basis over the past two years. However, business is down, largely
because customer feedback on the usefulness, reliability, and durability of the new goods and services is negative. Latosha's division manager, Viceroy,
reviews the situation and concludes that the innovation of Latosha's department is good; however,
is poor.
Bill's department has been introducing new goods and services on a rapid-fire basis over the past two years However business is down largely because customer feedback on the usefulness reliability and durability of the new goods and services is negative. Bill's division manager Anne, reviews the situation. Anne concludes that the innovation of Bill's department is good however Quantity is poor.
A bill payment service is usually a free feature of a bank account usually a checking account. After you sign up and provide your billing provider information to your bank, your bank will pay your bills on time and deduct the bill payment from your account balance. Examples of utilities include electricity, water, and gas.
Depending on how you define your utilities, you could also add sewage garbage recycling television internet phone and streaming services to this list. your phone bill your electricity bill. Telephone charges are generally considered utility charges. However, this only refers to fixed networks and not mobile phones. The bills issued by telephone companies are utility bills, and they provide services to the public in the same way that electric utilities do.
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11. Movements along versus shifts of supply curves
Consider the market supply of cereal.
Complete the following table by indicating whether an event will cause a movement along the supply curve for cereal or a shift of the supply curve
for cereal, holding all else constant.
Event
An increase in the price of cereal
A decrease in the price of oats (used in the production of cereal)
A change in expectations about the future price of cereal
An increase in the price of cereal - Movement along the curve
A change in technology that makes it more costly to produce cereal - Shift in the supply curve. The supply curve will shift left because increase in the production cost of cereal.
A change in expectations about the future price of cereal - Shift in the supply curve.
Supply curve, in economics, photo illustration of the relationship between product rate and quantity of product that a supplier is inclined and able to supply. Product fee is measured on the vertical axis of the graph and quantity of product provided at the horizontal axis.
The supply curve is upward sloping due to the fact, through the years, providers can select how an awful lot in their goods to provide and later convey to market.
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6) True or False: People tend to care about old news more than they do new news.
7) True or False: The following are aspects of what it means to be newsworthy: proximity,
6) False. People tend to care more about old news than new news.
7) True. The following are aspects of what it means to be newsworthy: proximity, timeliness, immediate, and current information.
What is news?News is a report of information about current events.
News can come from the following sources or media:
NewspaperTelevisionRadioInternetGrapevine.What are the characteristics of newsworthy news?For news to be newsworthy, attention-grabbing, and effective, it must possess the following features:
TimingProximitySignificanceHuman interestNoveltyProminence.News editors and casters use creative and catchy headlines to get listeners and readers to pay attention to their news broadcasts.
Thus, people do not care about old news as they do about new news.
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Josiah started a new business venture five years ago. The business allows them
to work from anywhere as long as they have an Internet connection. Josiah is
able to pursue their love for travel without sacrificing their career. Which type
of entrepreneur best describes Josiah?
The small business type of entrepreneur best describes Josiah.
This kind of entrepreneurship refers to any form of small enterprise that has been created with the aid of one character, without the goal to enlarge or franchise.
Small business entrepreneurship is often whilst a person owns and runs their own commercial enterprise. They typically lease nearby employees and family participants. neighborhood grocery stores, hairdressers, small boutiques, specialists and plumbers are a part of this class of entrepreneurship.
Small business entrepreneurship is the concept of beginning a enterprise with out turning it right into a massive conglomerate or commencing many chains. A single-area eating place, one grocery shop, or a retail store to promote your handmade items might all be an example of small commercial enterprise entrepreneurship.
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Answer:
lifestyle entrepreneur
Explanation:
Just got it
True or False: An important part of the motivation of Advocacy in PR is the concept of status conferral.
The statement, an important part of the motivation of advocacy in PR is the concept of status conferral, is true.
Public relations (PR) is about managing the perceptions that how people will think about your business. Thus, it aims in order to increase the awareness, attract customers, and improve business reputation.
PR is involved with the recruitment of the volunteers for the non profits, new hires, etc. So today's recruiters mostly use the social networking sites. Thus, the PR companies consider it as a major achievement in order to get their client or organization recognized on a big scale status conferral.
Hence, the statement is true.
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Which of the following is not a recommended way of being prepared for class?
A) sitting up straight
B) sitting next to your best friend
C) reviewing the syllabus
D) Opretending to be a reporter
Answer:
b. Sitting next to your best friend
Explanation:
Which of the following are trade-offs faced by a company president deciding whether to open a new factory? Check all that apply.
The firm can either open a new factory or upgrade existing equipment.
The firm can either open a new factory or expand its current factory.
The firm can either pay out more of its profit to shareholders or earn additional profit next year by increasing production.
The one challenge that trade-offs are faced by a company president deciding whether to open a new factory is option B. The firm can either open a new factory or expand its current factory. The correct answer is option B.
What is trade-off?A trade-off is a conditional decision that requires reducing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing florishes, and another must decrease.
Therefore, the correct answer is as given above.
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Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. The representative, who processed 3,000 customer complaints in January and 2,500 complaints in February, is expected to process 40,000 customer complaints during the year.
If Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. the total cost of processing customer complaints in January and in February is: January $7,200, February $6,000.
Month Allocated CostJanuary allocated cost :
January allocated cost = $3,000 × ($8,000×12 months/ 40,000)
January allocated cost =$3,000 × 2.4
January allocated cost = $7,200
February allocated cost:
February allocated cost= $2,5 00 × ($8,000×12 months/ 40,000)
February allocated cost= $2,500 × 2.4
February allocated cost= $6,000
Therefore If Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. the total cost of processing customer complaints in January and in February is: January $7,200, February $6,000.
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
PLSS ANSWER ASAP.
Direction: Identify the following. Write Strength, Weakness, Opportunities orThreat on the line.
1. Weak Leadership -
2. Strong Competition-
3. Popular Brand -
4. Competitive Salary-
5. Incompetent Manager-
6. Wide Range of Customers -
7. Reasonable Price -
8. Money Devaluation -
9. Unskilled Workers-
10. High Cost of Importation of Raw Materials -
Strength, Weakness, Opportunities, or Threat is displayed on the line.
1. Weakness in weak leadership
2. Opportunity despite Strong Competition
3. strength is well-known brands
4. Strength is Salary Competition
5. Unqualified Manager - flaw
6. Numerous Customers - Possibility
7. Reasonable Cost - Chance
8. The threat of money devaluation
9. Weakness: Unskilled Workers
10. A weakness is the high cost of importing raw materials.
What is SWOT analysis and what does it look like?A framework known as a SWOT analysis is used to identify and evaluate an organization's strengths, weaknesses, opportunities, and threats. The acronym SWOT is composed of these words. SWOT analysis's main objective is to raise awareness of the elements that influence business decisions and the formulation of business strategies.
SWOT (strengths, weaknesses, opportunities, and threats) analysis is a technique for determining and assessing internal strengths and weaknesses as well as external opportunities and threats that have an impact on present and future operations and aid in the development of strategic goals.
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Companies persist with ineffective ads for many reasons. The belief that, if they don't advertise as much as their competitors they will not succeed, is called:
Group of answer choices
competitive pressure
conflict of interest
incentive system
prisoner's dilemna
The belief that, if they don't advertise as much as their competitors, they will not succeed, is called competitive pressure. Thus, option A is correct.
What is Companies?A company can be defined as commercial business organization who has a separate legal entity which has its owner, they are texting financial liability who work in order to earn money.
As in the present time there are a lot of people who are in a competition business, therefore it is necessary the even though business advertisement is not doing well to keep it on it as it would create a sense of establishment in the economic market for the firm.
This would create a sense of competition in the market. Therefore, option A is the correct option.
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Big Blue Rental Corporation provides rental agent services to apartment building owners. Big Blue Rental Corporation’s preliminary income statement for August 2022 and its August 31, 2022, preliminary balance sheet did not reflect the following: Rental commissions of $690 had been earned in August but had not yet been received from or billed to building owners. When supplies are purchased, their cost is recorded as an asset. As supplies are used, a record of those used is kept. The record sheet shows that $550 of supplies were used in August. Interest on the note payable is to be paid on May 31 and November 30. Interest for August has not been accrued—that is, it has not yet been recorded. (The Interest Payable of $100 on the balance sheet is the amount of the accrued liability at July 31.) The interest rate on this note is 10%. Wages of $450 for the last week of August have not been recorded. The Rent Expense of $1,590 represents rent for August, September, and October, which was paid early in August. Interest of $470 has been earned on notes receivable but has not yet been received. Late in August, the board of directors met and declared a cash dividend of $4,700, payable September 10. Once declared, the dividend is a liability of the corporation until it is paid. Required: Using the columns provided on the income statement for Big Blue Rental Corporation, make the appropriate adjustments or corrections to the statements, and enter the correct amount in the Final column. (Hint: Use the five questions of transaction analysis.) Using the columns provided on the balance sheet for Big Blue Rental Corporation, make the appropriate adjustments or corrections to the statements, and enter the correct amount in the Final column. (Hint: Use the five questions of transaction analysis.)
Answer:
Explanation: Big Blue Rental Corp. provides rental agent services to apartment building owners. Big Blue Rental Corp.’s preliminary income statement for August 2016 and its August 31, 2016, preliminary balance sheet did not reflect the following:
Rental commissions of $1,500 had been earned in August but had not yet been received from or billed to building owners.
When supplies are purchased, their cost is recorded as an asset. As supplies are used, a record of those used is kept. The record sheet shows that $1,080 of supplies were used in August.
Interest on the note payable is to be paid on May 31 and November 30. Interest for August has not been accrued—that is, it has not yet been recorded. (The Interest Payable of $240 on the balance sheet is the amount of the accrued liability at July 31.) The interest rate on this note is 10%.
Wages of $780 for the last week of August have not been recorded.
The Rent Expense of $3,060 represents rent for August, September, and October, which was paid early in August.
Interest of $840 has been earned on notes receivable but has not yet been received.
Late in August, the board of directors met and declared a cash dividend of $8,400, payable September 10. Once declared, the dividend is a liability of the corporation until it is paid.
The downtown Kingston and Saint Andrew Centre were built for $400 million JAD in 2010 (Reid, 2012). The Centre is owned by the Jamaican Urban Development Corporation (UDC) and was formerly managed and operated by the Kingston and Saint Andrew Municipal Corporation (KSAMC) (Reid, 2012). Built as a multipurpose bus and taxi part the centre’s main function was to alleviate traffic congestion in downtown Kingston, especially in the parade area. The centre has become dilapidated and unmanageable due to a lack of usage by transport operators, commuters, implementation, enforcement, and a failure to have an effective transportation policy (Teachdem. n.d.).
Why was this project done and who are the main stakeholders? Which stakeholder (s) benefited from the project, and which did not? Who should be held accountable for this project?
2. Outline a detailed approach to successfully manage a similar project in the future. (Hint: Place special emphasis on stakeholders, risks, and scope).
3. Was this project successful in delivering value to Jamaica? Critically explain your answer.
4. Identify the main reasons for the project’s failure.
When a project reaches its goals and lives up to or above stakeholder expectations, it is deemed successful.
Who are the stakeholders ?
People who are stakeholders in your project are those who are interested in it or care about it. They are the individuals who actively participate in the project's work or who stand to gain or lose from the project. Motorists are stakeholders who benefit when a project to add lanes to a highway is managed. However, you have a detrimental impact on people who live close to the highway both during construction (because to the noise) and after (due to the long-lasting effects) (increased traffic noise and pollution).
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Wiley Company had total revenues of $360,000 for a recent month. During the month the company incurred operating expenses of $246,000 and purchased land for $66,000. Compute the amount of Wiley’s net income for the month.
Wiley Company's net income for the month is $114,000.
What is the net income?The net income is the difference between the total revenue and the total expenses.
The total expenses include direct and indirect costs.
Direct costs are also called marginal, variable, or differential costs because they vary according to the output level. Examples of direct costs are direct materials, direct labor, variable overheads, or cost of goods.
The indirect costs are called fixed costs and do not change based on the output level. Some of the fixed costs include rent expenses, insurance expenses, property taxes, and factory equipment depreciation.
Data and Calculations:Total revenues of $360,000
Total operating expenses of $246,000
Net income for the month = $114,000 ($360,000 - $246,000)
Thus, Wiley Company's net income for the month is $114,000.
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If a country engages in international trade to gain access to natural resources, they
Answer:
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Victoria works in the human resources department of a small company. The president of the company wants to hire a new employee. What tasks will Victoria most likely need to do so she can find and hire the right person? People in HR careers often have to be empathetic. Describe a time when you showed empathy for someone else. Explain in your own words what empathy means.
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The task that Victoria would have to do so that she can hire the right person would be to interview applicants.
What is empathy?This is the ability that people would have that would make them to be able to put themselves in the shoes of other people. By this I mean, they would be able to understand the feelings of others and help people to get through whatever they are passing through by showing kindness and understanding and helping in ways they can.
A time when I have shown empathy would be when a friend lost a loved one. I tried as much as I could to render my help to her.
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