5. Threats and opportunities come from events outside of your business, in the wider market. Opportunities and threats can be seized, and you can take precautions to avoid them, but you cannot alter them. Competitors, raw material costs, and consumer shopping patterns are a few examples.
8. A resource or capacity that an organization can use wisely to accomplish its goals is considered a strength.
9. An indirect environmental element is one that can be controlled by an organization to a reasonable extent and can arise from interactions between an organization and outside parties.
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Explain the importance of knowing dependent and independent demand models to companies.
The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:
To understand inventory.Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.What is independent demand and dependent demand?Independent demand is known to be the demand for a given finished product. It can be a machine, a car. etc.
The dependent demand is known to be the demand for a component area of a finished good, such as the wheels on a car.
Note that the Dependent demand is one that is obtained from the demand for a finished product.
Therefore, The importance of knowing dependent and independent demand models to companies is that it is a way for one to be able:
To understand inventory.Be able to depict the number of units of a specific product that the consumers are said to be willing to by at each price.Learn more about demand models from
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3
What are the two main types of personal financial statements?
O A.
OB.
OC. liquid assets and liabilities
OD. personal balance sheets and cash flow statements
paycheck stubs and tax returns
stock portfolios and credit card statements
Reset
Next
The two personal financial statements are D. personal balance sheets and cash flow statements.
What does a personal balance sheet show?
A personal balance sheet summarizes the individual's assets, liabilities, and net worth.
Assets describe the personal belongings of the individual. Liabilities refer to the total value of a person's belongings owed to others. The net worth shows the difference between the assets and the liabilities.
What does a personal cash flow statement show?
A personal cash flow statement summarizes a person's cash inflows and outflows in a given period.
A personal cash flow statement shows whether the individual possesses a positive or negative net cash flow that can be put into an investment portfolio for more wealth creation.
Thus, the two personal financial statements are in Option D.
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Answer:
Unit 9 quiz (STUDY GUIDE)
What are the two main types of personal financial statements?
personal balance sheets and cash flow statements
Yusef’s financial advisor tells him that he has made a great budget. Why was he MOST likely successful with his budget?
He chose realistic amounts for each category.
Tyson’s financial planner asks him to raise the amount of his liquid assets. How can he BEST accomplish this?
Put money in his savings account.
Cali wants to work on improving her money management skills. To start, she needs to gather financial records. What type of financial record would MOST help her begin this process?
her yearly tax forms
Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?
a mental budget
What is TRUE about the three main components of money management?
Each of the components is connected and builds off of the others.
Ira budgeted $1000 for his expenses this month, but he spent $1500. In order to be fiscally responsible, what does Ira need to do now?
Reexamine his budget; he had a $500 deficit this month.
Which of the main components of money management includes cash flow statements of income and expenses?
personal financial statements
What is NOT one of the main components of money management?
tracking interest rates
Cheng is making a trip to her safe deposit box. What is she MOST likely planning to do?
Put her marriage license in a secure location.
Liabilities are the amounts of money due to others that need to be paid now.
True
Carlos and Keisha have a monthly income of $25,000. They have monthly expenditures that total $30,000. What is TRUE about their cash flow?
They have a $5,000 deficit.
Amira budgeted $400 for her expenses this week. She spent $350. What is TRUE about Amira’s budget and spending?
Amira has a surplus of $50 this week.
What is the term for assets that can be quickly and easily converted to cash?
liquid assets
You are creating a budget with your family. What is one important thing to keep in mind as you come up with a plan for spending?
Don’t forget to include a way to save money for possible emergency situations.
Explanation: 100%
Recommendations on a whole to help improve the Elmont economy. Identify any undeveloped areas or buildings that need repair in Elmont, what would you build? Why?
Hospital can be build in any undeveloped areas or buildings to improve economy and conditions.
Development of hospital would improve the economy and generate employment opportunities in the area which they are build. The repair of building requires several workers and departments to manage them.
For those who have done various degree and study can provide the regular checkups to the patients for the healthcare concern of the people residing in that particular areas and provide opportunity to earn to daily wage earners.
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Jurvin Enterprises is a manufacturing company that had no beginning inventories. A
subset of the transactions that it recorded during a recent month is shown below.
a. $76,900 in raw materials were purchased for cash.
b. $72,400 in raw materials were used in production. Of this amount, $65,900 was
for direct materials and the remainder was for indirect materials.
c. Total labor wages of $152,300 were incurred and paid. Of this amount, $134,700
was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of $126,200 were incurred and paid.
e. Manufacturing overhead of $125,300 was applied to production using the
company's predetermined overhead rate.
f. All of the jobs in process at the end of the month were completed.
g. All of the completed jobs were shipped to customers.
h. Any underapplied or overapplied overhead for the period was closed to Cost of
Goods Sold.
Required:
1. Post the above transactions to T-accounts.
2. Determine the adjusted cost of goods sold for the period.
To write the transaction in T-account First, a large letter T is drawn on a page. The title of the account is then entered simply above the pinnacle horizontal line, while beneath debits are listed on the left and credit are recorded on the right, separated with the aid of the vertical line of the letter T. A T-account is also known as a ledger account.
What is the reason of T accounts?Accountants use T accounts in order to make double entry machine bookkeeping simpler to manage. A double entry device is a distinctive bookkeeping system where each and every entry has an additional corresponding entry to a special account.
One of the quintessential principles of economic accounting is the T account. A T account resembles the letter T and visually represents the debit and deposit entries of economic transactions. Because T bills are posted into the General Ledger of a business, they're also generally identified as ledger accounts.
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https://brainly.com/question/14279491#SPJ9Which of the following is a business transaction.
1. goods purchased on credit.
2. purchasing air conditioner for cash for personal use.
3. owner not keeping good.
4.proprietor puchased a motorcycle for his son.
Refer to the following demand schedule for Managerial Economics Textbooks
Price Quantity Demanded
$100 0
$80 10
$60 20
$40 30
$20 40
0 50
a. Using the midpoint method, calculate the absolute values of the price elasticity of demand.
b. Under which price level is the demand curve elastic? Under which price level is the demand curve inelastic?
c. What will happen to total revenue if price increase from $40 to $60? Why? (Explain in terms of price elasticity of demand).
The price elasticity of demand is 2.33.
The demand curve is elastic above a price of $60 and inelastic under a price of $60.
If price is increased from $40 to $60, total revenue would fall because demand is inelastic.
What is price elasticity of demand?Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Demand is elastic, if the percentage change in price is less than the percentage change in quantity supplied. The absolute coefficient of elasticity would be greater than one.
Demand is inelastic, if the percentage change in price is greater than the percentage change in quantity supplied. The absolute coefficient of elasticity would be less than one. When demand is inelastic, if prices are increased, price would fall.
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 10 - 20 = -10
average of both demands = (10 + 2 ) / 2 = 15
Midpoint change in quantity demanded = 10 / 15 = -0.67
Midpoint change in price = change in price / average of both price
change in price = $80 - $60 = $20
average of both price = (80 + 60) / 2 = 70
Midpoint change in price = 20 / 70 = 0.286
Price elasticity of demand = -0.667 / 0.286 = 2.33
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SUNTIDE LIMITED'S PLANS FOR WORKING CAPITAL AND CAPITAL BUDGETING
Suntide Limited is a secondary sector entity that commenced operations during 2021 manufacturing Product Zap. Some
important information pertaining to 2021 is as follows:
The total sales for the year amounted to R6 624 000, of which 50% was on credit. Credit purchases for the year totalled.
R2 376 000. The statement of financial position as at 31 December 2021 reflected balances of R64 800, R360 000 and
R100 800 for inventories, debtors and creditors respectively. The average age of inventories was calculated to be 18
days.
During the first quarter of 2022 Suntide Limited commenced with its planning process for 2023. The following budgeted
information was obtained:
Suntide Limited intends purchasing 25 000 components per month at R10 per unit to produce Product Zap. The cost of
placing an order is R20 and the annual carrying cost per component is R0.75. The lead time for the delivery of an order
is 12 days. It is estimated that the number of workdays for 2023 will be 240. The credit terms of the supplier for the
components are 30 days but a discount of R7 500 will be granted if the monthly account i settled within 12 days.
Suntide Limited intends investing in a project during 2023. The project is expected to cost R2 000 000 with a four-year
useful life, and no residual value. Depreciation is estimated R500 000 per year. The project is expected to generate
net cash flows of R700 000 for 2023. The net cash flows are expected to increase by 10% each year thereafter. The
desired rate of return by the company is 15%.
Answer ALL the questions in this section.
QUESTION 1
Calculate
QUESTION 2
Calculate the following for 2023:
2.1
2.2
2.3
QUESTION 3
cash conversion cycle 2021 (expressed to two decimal places). (Assume a 360-day year.)
3.1
Annual Economic order quantity (EOQ)
Reorder point
The cost (as a percentage, expressed to two decimal places) to Suntide Limited of not accepting
the discount of R7 500. (Assume a 360-day year.)
Calculate the following in respect of the project (2023). Ignore taxes.
Net Present Value (with amounts expressed to the nearest Rand)
3.2
Accounting Rate of Return on average investment (expressed to two decimal places)
(5 Marks)
(4 marks)
(3 marks)
(5 marks)
(4 marks)
(4 marks)
Answer: 5 marks
Explanation:
Jannah is teaching a course on hospitality and tourism. She wants to demonstrate to the class what a positive attitude and good work habits look like by acting out a scene or two. She knows at least one scene should be demonstrating proper phone etiquette. Describe what this would look like. Then, come up with another scene that she could act out to demonstrate characteristics and etiquette that are important to success in the hospitality and tourism industry and why.
Answer: Scene 1: acting out Proper Phone Etiquette :
She should go over the rules and demonstrate the 8 rules I have listed below to the people so they can better grasp, and understand.
Scene 2: She should talk over it and then show them examples of what to do so they can better understand and grasp the topic.
Proper Phone Etiquette
1) Talk in a cheerful tone.
2) Make sure to introduce yourself properly.
3) Never let the phone ring for too long.
4) Keep the proper phone distance from the mouth.
5) Speak in a straightforward yet concise way.
6) Be considerate about putting the caller on hold.
7) Don’t use the speakerphone.
8) Actively listen, and take notes to keep track of things.
Characteristics and Etiquette: important to hospitality and the tourism industry.
A POSITIVE ATTITUDE
One of the essential traits in the industry is in the name itself. Employees have to be hospitable to customers so that they can rely on them to satisfy their needs. A can-do or positive attitude can smooth ruffled feathers or disgruntled customers faster than a stoic disposition. A reward system will ensure that employees maintain this attitude and that your customers remain satisfied even if they don’t feel up to it.
COMMITMENT
Commitment determines success in the hospitality industry but maintaining it is not everyone’s forte. Many employees may start out committed, but their enthusiasm eventually wanes if they realize that the field is not for them. Rather than risk bored employees, search for candidates who have a deep understanding of the industry and who can keep clients happy at all costs. Unenthusiastic workers never make it past entry-level jobs while committed ones go the extra mile to ensure organizational success. They also make a point of serving customers in the best manner possible and are more enthusiastic during training sessions.
LEADERSHIP SKILLS
In the hospitality industry, strong leadership skills set successful employees apart from those who are just in it for the money. The former is more productive and proactive which makes them valuable additions to any team. Most are able to handle complex plans and make contributions to them that can elevate customer experiences, reduce downtime and increase team morale. That is why most prolific managers in the industry start off as entry-level employees who are not only proactive but who also demonstrate good leadership skills.
ORGANIZATION SKILLS
Individuals who are involved in the hospitality industry have to multitask and for that, they need to be organized. They have to be capable of juggling multiple tasks at all levels and handling several responsibilities simultaneously. For instance, on a typical day, a manager may have to handle disgruntled guests, stand in for an AWOL server, put out a kitchen fire, aid an injured worker, and all while maintaining a smile on his/her face. The work is fast-paced which can be overwhelming if your employees are not organized.
CONNECTIONS
One of the critical skills employees need to have in the hospitality industry is the ability to create and maintain a professional network. That is the best way to move your career forward in this industry and encourage customers to remain loyal patrons. Besides other professionals, this includes returning guests who make a significant portion of the income the business gets. Employees who can nurture those connections have higher chances of being promoted to management.
PROBLEM-SOLVING SKILLS
Hospitality employees have to be strong multi-taskers and that means solving problems as they come across them. Time is money in this industry especially when it comes to customer satisfaction. This includes creating innovative solutions for complex issues, identifying routine customer complaints, and ensuring the solutions they implement are effective. They are also careful in ensuring they do not violate predetermined policies and procedures that are in place to protect the business. The more versatile they are, the faster and more effectively they can root out issues.
Jannah is teaching a course on hospitality and tourism. Professional ethics is a combination of norms, values and personal behaviors, which is concentrated in the standards, rules and hierarchy of the company.
What are the characteristics of those who work with tourism?
1.scene 1: You should always be polite, greet callers with a good morning, and inquire about their well-being.
Show that he is enthusiastic and genuinely thrilled about the vacation in scene 2.
3. The tourism course develops professionals who can organize, promote, publicize, and plan vacations, events, and other leisure and professional activities. The professional needs to be aware of political, economic, social, cultural, and environmental factors, as well as have a broad perspective.
4. Considering Michael's expected career path, from dishwasher to chef, Michael may add in a digital portfolio his experiences, his specializations, and award-winning dishes from the restaurant where he works to make him a competitive candidate for the role of chef.
5. The work ethic is the belief that work and diligence have a moral benefit and an inherent ability, virtue, or value to strengthen individual character and abilities. It is a set of values centered on the importance of work, manifested in the determination or desire to work hard.
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Question 2 (1 point)
Pleadings include the statement of claim and statement of defence.
True
False
Direction: Read the statements and choose the correct answer from the given choices inside the box.
A. Micro environment
B. Internal environment
C. Economic Aspects
D. Financial Resource
E. Human resources.
F. Macro environment
G. External environment
H. Politico-legal
I. Corporate image
J. Demographic
1. It directly affects the firm's activities.
2. It is all forces and events outside organization effect on its activities.
3. It refers to the size and geographic distribution of the population.
4. It does not immediately affect activities of the firm.
5. It affects the firm in both the revenue side and cost side.
6. A firm should develop, maintain and enhance a good business image.
7. This includes laws, ordinances, and regulations.
8. The social behavior of the employees greatly affects the working of the business.
9. It is a term covering all financial funds of the organization.
10. It is where all functions within a firm.
The statements presented here represent the nuances of business and management as a whole.
What is a business environment?The business environment is the sum of all external and internal factors that influence a company. Keep in mind that external and internal factors can both influence and affect a business. A health and safety regulation, for example, is an external factor that influences the internal environment of business operations. Furthermore, some external factors are beyond your control. These elements are commonly referred to as external constraints.
1. It has a direct impact on the firm's operations. - The Microenvironment
2. All external forces and events have an impact on the organization's activities. - Outside Environment
3. It refers to the population's size and geographic distribution. - Demographic information
4. It has no immediate impact on the firm's operations. - The macroenvironment
5. It has an impact on the firm's revenue and cost sides. - Economic Considerations
6. A company's business image should be developed, maintained, and improved. - Company Image
7. Laws, ordinances, and regulations are all examples of this. - Political and Legal
8. Employee social behavior has a significant impact on the operation of the business. - Human capital.
9. It is a term that refers to all of the organization's financial resources. - Financial Assets
10. It is the location of all functions within a company. - The Internal Environment
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Chapter 3 Problem 3-9 Determining the effects of business transactions on the accounting equation
Depending on the specifics of the transaction, if a business's total assets decline, the sum of its liabilities and owner equity may or may not also do so.
What are the effects of business transaction?Every business transaction affects the components of accounting in two different ways. The three main components of accounting are capital, liabilities, and assets. The two fold effect states that an equal amount is given for every value received.
By using debits and credits to record each transaction when using the accounting equation, this method of bookkeeping is referred to as double-entry bookkeeping.
Why is it important to analyze the effects of a business transaction?The examination of transactions kicks off the accounting cycle. It is crucial to properly analyze business transactions because it guarantees accurate journal entries.
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Bruin, Inc., has identified the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0 –$ 37,500 –$ 37,500
1 17,300 5,700
2 16,200 12,900
3 13,800 16,300
4 7,600 27,500
A. At what discount rate would the company be indifferent between these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The discount rate that would make the company indifferent between these two projects is 16.48%
What are the differential cash flows between the two projects?
The differential cash flows are the differences between the cash flows of the two projects, in other words, we can determine differential cash flow by deducting cash flows of the second project from that of the first project
Year 0=-$ 37,500--$ 37,500=$0
Year 1=$17,300-$5700=$11,600
Year 2=$16,200-$12,900=$3,300
Year 3=$13,800-$16,300=-$2,500
Year 4=$7,600-$27,500=-$19,900
The discount rate that makes the company indifferent between the two projects is the internal rate of return of the differential cash flows using a financial calculator:
CF0=0
CF1=11600
CF2=3300
CF3=-2500
CF4=-19900
CPT(press compute)
IRR=16.48%
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Which is an example of a financial institution? (1 point)
A. government regulatory agency of money
B. the IRS
C. a group of investors
D. a retail or commercial bank
Answer:
D) a retail or commercial bank
Explanation:
An example of a financial institution is a retail or commercial bank. Thus the correct option is D.
What is a financial institution?An institution that is in the industry of managing monetary and financial transactions, such as savings, loans, and investments, in order to assist with finances that require repayment at a later time and carry a specific rate of interest is known as a financial institution.
A bank is a type of financial institution that enables customers to deposit and withdraw cash as well as borrow money at a set interest rate for use in investments which is repaid by them on a later date with a certain rate of interest.
Reduced transaction fees, reduced likelihood, and increased liquidity are the goals of the economic system in order to create a platform for the establishment of new businesses that strengthen the national economy.
Therefore, option D is appropriate.
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Company A had $210,000 income from operations. Salaries expense for the year was $12,500. Depreciation expense was $9,000. Cost of goods sold was $112,000. They also received dividend revenue of $20,200. What is the company's sales revenue for the year?
$322,000
$343,500
$323,300
$96,700
The company's sales revenue for the year is $343,500 (2nd option).
What is the sales revenue?Sales revenue is the total amount earned by a company from its activities before any deductions are made. Operating income is the income of a company from it core activities after deductions have been made from the sales revenue.
In order to determine the operating income from the sales revenue, operating expenses e.g wages, depreciation and the cost of good sold would be subtracted from sales revenue. Net income differs from operating income because in addition to all the deductions made from sales revenue to arrive at operating income, net income also deducts taxes and interest expenses.
If the operating income is given, in order to determine the sales revenue, add salaries, depreciation and cost of goods sold to income from operations. Dividend revenue is not included in the calculation because it not part of the income derived in the course of the company's activities.
Sales revenue = income from operations + depreciation + cost of goods sold + salary expense
$210,000 + $12,500 + $9,000 + $112,000 = $343,500
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The life insurance cash needs approach includes an emergency reserve refund designed primarily to
The life insurance cash needs approach includes an emergency reserve refund designed primarily to cover the cost of unexpected expenses.
A cash-value life insurance policy might be viewed as an investment. In certain businesses, a part of the premiums is placed in a cash savings account where it earns interest and may result in tax savings. Life insurance is a contract between a policyholder and an insurer wherein the insurer agrees to pay a sum of cash in exchange for a premium upon the demise of an insured person or after a predetermined amount of time. When an insured individual passes away too soon, the main goal of life insurance is to compensate dependents financially. When the insured person passes away, the life insurance pays predetermined cash known as a "death benefit" to the designated beneficiary.
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The adjusted trial balance for Tybalt Construction on December 31 of the current year follows.
TYBALT CONSTRUCTION
Adjusted Trial Balance
December 31
Number Account Title Debit Credit
101 Cash $ 6,500
126 Supplies 33,300
128 Prepaid insurance 8,500
167 Equipment 40,000
168 Accumulated depreciation—Equipment $ 20,000
173 Building 168,000
174 Accumulated depreciation—Building 56,000
183 Land 69,580
201 Accounts payable 15,500
203 Interest payable 2,200
208 Rent payable 3,000
210 Wages payable 2,900
213 Property taxes payable 900
236 Unearned revenue 16,100
251 Long-term notes payable 60,500
307 Common stock 6,500
318 Retained earnings 125,500
319 Dividends 11,200
403 Services revenue 103,000
406 Rent revenue 17,000
409 Interest revenue 5,700
606 Depreciation expense—Building 12,320
612 Depreciation expense—Equipment 6,000
623 Wages expense 43,300
633 Interest expense 5,000
637 Insurance expense 8,700
640 Rent expense 11,100
652 Supplies expense 6,900
683 Property taxes expense 4,400
Totals $ 434,800 $ 434,800
The Retained Earnings account balance was $125,500 on December 31 of the prior year.
Required:
1a. Prepare the income statement for the current year ended December 31.
1b. Prepare the statement of retained earnings for the current year ended December 31.
1c. Prepare the classified balance sheet at December 31 of the current year.
2. Prepare the necessary closing entries at December 31 of the current year.
1a. The preparation of the income statement for the current year ended December 31 is as follows.
Tybalt Construction
Income StatementFor the year ended December 31
403 Services revenue $103,000
406 Rent revenue 17,000
409 Interest revenue 5,700
Total Revenue $125,700
Total Expenses:
606 Depreciation —Building 12,320
612 Depreciation —Equipment 6,000
623 Wages expense 43,300
633 Interest expense 5,000
637 Insurance expense 8,700
640 Rent expense 11,100
652 Supplies expense 6,900
683 Property taxes expense 4,400 $97,720
Net income $27,980
1b. The preparation of the statement of retained earnings for the current year ended December 31 is as follows.
Tybalt Construction
Statement of Retained EarningsFor the year ended December 31
Beginning balance $125,500
Net income 27,980
Dividends (11,200)
Ending balance $142,280
1c. The preparation of the classified balance sheet at December 31 of the current year is as follows.
Tybalt Construction
Classified Balance SheetAs at December 31
AssetsCurrent Assets:
101 Cash $ 6,500
126 Supplies 33,300
128 Prepaid insurance 8,500
Total current assets $48,300
Long-term Assets:
167 Equipment $40,000
168 Accumulated depreciation (20,000)
173 Building 168,000
174 Accumulated depreciation (56,000)
183 Land 69,580 $201,580
Total assets $249,880
Liabilities and Equity:Current Liabilities
201 Accounts payable $15,500
203 Interest payable 2,200
208 Rent payable 3,000
210 Wages payable 2,900
213 Property taxes payable 900
236 Unearned revenue 16,100 $40,600
Long-term Liabilities:
251 Long-term notes payable 60,500
Total liabilities $101,100
Equity:
307 Common stock $6,500
318 Retained earnings 142,280 $148,780
Total liabilities and equity $249,880
2. The preparation of the necessary closing entries at December 31 of the current year is as follows.
a) Closing Expenses to Income Summary:
Debit Income Summary $97,720
Credit:
606 Depreciation —Building 12,320
612 Depreciation —Equipment 6,000
623 Wages expense 43,300
633 Interest expense 5,000
637 Insurance expense 8,700
640 Rent expense 11,100
652 Supplies expense 6,900
683 Property taxes expense 4,400
b) Closing Revenue to Income Summary:
Debit 403 Services revenue $103,000
406 Rent revenue 17,000
409 Interest revenue 5,700
Credit Income Summary $125,700
c) Closing Income Summary to Retained Earnings:
Debit Income Summary $27,980
Credit Retained Earnings $27,980
d) Closing Dividends to Retained Earnings:
Debit Retained Earnings $11,200
Credit Dividends $11,200
Data:TYBALT CONSTRUCTION
Adjusted Trial BalanceDecember 31
Number Account Title Debit Credit
101 Cash $ 6,500
126 Supplies 33,300
128 Prepaid insurance 8,500
167 Equipment 40,000
168 Accumulated depreciation—Equipment $ 20,000
173 Building 168,000
174 Accumulated depreciation—Building 56,000
183 Land 69,580
201 Accounts payable 15,500
203 Interest payable 2,200
208 Rent payable 3,000
210 Wages payable 2,900
213 Property taxes payable 900
236 Unearned revenue 16,100
251 Long-term notes payable 60,500
307 Common stock 6,500
318 Retained earnings 125,500
319 Dividends 11,200
403 Services revenue 103,000
406 Rent revenue 17,000
409 Interest revenue 5,700
606 Depreciation —Building 12,320
612 Depreciation —Equipment 6,000
623 Wages expense 43,300
633 Interest expense 5,000
637 Insurance expense 8,700
640 Rent expense 11,100
652 Supplies expense 6,900
683 Property taxes expense 4,400
Totals $ 434,800 $ 434,800
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The table below reports the total population in a country and the number of people in different groups. Total population 250 million People in jail 20 million People working part time 20 million People working full time 100 million Children less than 16 years of age 25 million People serving in the military 10 million Retirees 15 million Marginally attached workers 10 million Full-time students 20 million What is the unemployment rate? %.
From the given data, The unemployment rate is calculated to be 20%
What is unemployment rate?This is the term that is used to refer to the rate at which the people that are able to work in a given population do not have the jobs that they require in the society.
Non- institutionalized population = 250 - 20 - 25 - 10 = 195 million
Labor force = 195 - 15 - 10 -20 = 150 million
Employed population = 100 + 20 = 120 million
Unemployed population = 150 - 120 = 30 million
unemployment rate = 30 / 150 x 100 = 20 percent
Hence the unemployment rate is 20 percent
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When individuals sell their labor for wages, in which market in the circular flow
model are they interacting?
the open maket
the product market
the individual market
the factor market
When individuals sell their labor for wages, the market in the circular flow model they are interacting with is the factor market (fourth option).
What is the circular flow model ?The circular flow model is a model that is used to explain the flow of resources or money in an economy. In the circular flow model, it is assumed that there are only two actors in the economy - the household and businesses or corporations.
The circular flow model is a simplified model of the economy. This is because in an actual economy there are more than two actors operating in it.
The household own the factors of production and they sell it to businesses or corporations to earn dividends or wages. The factors of production can include labor, labor or capital. The factors of production are exchanged for wages in the factor market.
The businesses use the factors of production provided by the household to produce goods and services for consumption. The goods and services that are produced are sold in the product market. Households pay for the goods and services purchased using part of the income earned from renting out their factors of production.
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The revenues and expenses of Adventure Travel Service for the year ended April 30, 2019, follow: Accounts (revenue and expense items) Fees earned $2,180,000 Office expense 400,000 Miscellaneous expense 25,000 Wages expense 1,300,000 Prepare an income statement for the year ended April 30, 2019. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if it is required. If a net loss is incurred, enter that amount as a negative number using a minus sign.
The preparation of the income statement for the year ended April 30, 2019, for Adventure Travel Service, is as follows:
Adventure Travel Service
Income StatementFor the year ended April 30, 2019
Fees earned $2,180,000
Expenses:
Office expense $400,000
Miscellaneous expense 25,000
Wages expense 1,300,000 $1,725,000
Net income $455,000
What is an income statement?An income statement is the first financial statement prepared at the end of an accounting period to determine an entity's financial performance (profit or loss).
An income statement shows the difference between the revenues and the expenses, called the Net Income.
Data:Fees earned $2,180,000
Office expense 400,000
Miscellaneous expense 25,000
Wages expense 1,300,000
Thus, after preparing the income statement of Adventure Travel Service for the year ending April 30, 2019, there was a net income of $455,000.
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Define the three main forms of legal ownership of a business
Answer:
Sole Proprietorship
Partnership
Corporation
Explanation:
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You are about to undertake a project that will pay you GH 5,000/year for the next
4years, plus GH¢ 7,000 in 5years and GH 4,000 in 3years. If the cost of capital is 6.2%,
what is the NPV of the project?
Answer:.
Explanation:
SECTION III: INVESTMENT DECISONS
A cloth manufacturing firm is deciding whether or not to invest in new machinery. The machinery costs $45,000 and is expected to increase cash flows in the first year by $25,000 and in the second year by $30,000. The firm’s current fixed costs are $9,000 and current marginal cost are $15. The firm currently charges $18 per unit.
a. If the cost of capital is 5% what is the net present value (NPV) of the investment in the new machinery?
b. If the interest rate (cost of capital) is 5%, should the firm undertake the investment? Why?
Explanation:
what is a right triangle
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How effective do you think celebrity endorsements are in influencing teenagers and young adults? Explain.
Answer:
Celebrities act as role models to many young people and can influence the way they dress, act, and think; they can also bring people together for a certain cause, promote constructive or detrimental lifestyles, and lastly, persuade them to their own political and social viewpoints.
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Explanation:
The purpose of the cash flow statement is to
Answer:
The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on hand for that time period. For example, depreciation is recorded as a monthly expense
Explanation:
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is constantly moving into and out of a business. For example, when a retailer purchases inventory, money flows out of the business toward its suppliers.
The National Aeronautics and Space Administration (NASA) will pay Lockheed Martin Corp. $11.4 billion for Orion's development, test flights, and its first manned mission in 2021. NASA is a government unit operating in __________ market.
The National Aeronautics and Space Administration (NASA) will pay Lockheed Martin Corp. $11.4 billion for Orion's development, test flights, and its first manned mission in 2021. NASA is a government unit operating in a service market.
Government , Political device through which a frame of human beings is run and controlled. one-of-a-kind levels of presidency usually have special responsibilities. the level closest to those governed is local authorities. regional governments include a grouping of individual groups.
Authorities can be defined as a group of people who are chargeable for governing a political unit like a kingdom, country, or a country. authorities also can be defined as an expert which has the power to rule a specific state, or a country based totally on sure administrative legal guidelines.
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Based on this home-buying situation: (a) What questions might Zoe and Luis be asked about their home-buying experience? (b) What lessons did you learn from their experience?
(a) The Zoe and Luis share the home-buying experience are:
Firstly, difficult to as preference home to purchase. Secondly to difficult, the transaction of the money as the medium of the online cash transaction.(b) Someone learns to the experience as the online transaction is too difficult as the purchase of the home as cash transaction are easier.
What is home?
The term "home" refer to the resident, the family are they stay with in the permanently. The home, another name, is the house. There are the two types of the home, permanent homes and rental homes.
(a) The Zoe and Luis share the home-buying experience are more difficult to search the home and the registry time as the transaction of the online are more difficult.
(b) Someone as to learn to the cash transaction are the more easily as compare to the online transaction. The fraud case chances are the more.
As a result, the home-buying experience as the aforementioned.
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The president of XYZ Manufacturing Company of Buffalo, New York, comes to you with a license offer from a company in Osaka. In return for sharing the company's patents and know-how, the Japanese company will pay a license fee of 5 percent of the ex-factory price of all products sold based on the U.S. Company’s license. The president wants your advice. What would you tell him?
The advice will be given to the company will be
The geographic extent of the agreement must be carefully considered by XYZ. The question will be asked as only Japan should market licensed goods.?Before making a decision, XYZ might want to look into more potential licensees. The protection of XYZ's patents in Japan is another necessity.What is a license?A license is referred to as a kind of document which provides legal permission to sell any product or provides the rights to hold any authority. These licenses are of different types based on business.
Licensing might be an attractive style of business if XYZ is a small manufacturer with limited global experience and if the outlook for the marketplace is positive.
It is suggested that managers should compare the projected profitability of a proposed licensing venture with the future profits of alternative entry modes through which can they reasonably decide on licensing as their primary entry mode.
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Society as a whole was advanced by agriculture. Land that is farmed can support more than 50 times the number of people that same land can support through subsistence (bare necessities) living.
Because of agriculture,
The explanation to the given statement is given below the subsistence agriculture definition.
What is Subsistence Farming/agriculture?Subsistence agriculture occurs when farmers grow food crops to meet the needs of themselves and their families on smallholdings or small land pattern.
Subsistence agriculture is self-sufficiency or self-doing farming in which the farmers focus on growing enough food to feed themselves and their families. The output is mostly for local requirements with little or no surplus for trade.
The typical subsistence farm has a range or verity of crops and animals needed by the family to feed and clothe themselves during the year. Planting decisions are made principally with an eye toward what the family will need during the upcoming year, and secondarily toward market prices.
Therefore, the above mentioned is the reason for the given statement.
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
GIVE A PROVE YOUR ANSWER
Direction: Read the statements and choose the correct answer from the given choices and prove it.
A. Micro environment
B. Internal environment
C. Economic Aspects
D. Financial Resource
E. Human resources.
F. Macro environment
G. External environment
H. Politico-legal
I. Corporate image
J. Demographic
1. It directly affects the firm's activities.
2. It is all forces and events outside organization effect on its activities.
3. It refers to the size and geographic distribution of the population.
4. It does not immediately affect activities of the firm.
5. It affects the firm in both the revenue side and cost side.
6. A firm should develop, maintain and enhance a good business image.
7. This includes laws, ordinances, and regulations.
8. The social behavior of the employees greatly affects the working of the business.
9. It is a term covering all financial funds of the organization.
10. It is where all functions within a firm.
The statements belong to various business and management terminologies
1. It directly affects the firm's activities. - Micro Environment
2. It is all forces and events outside organization effect on its activities. - External Environment
3. It refers to the size and geographic distribution of the population. - Demographic
4. It does not immediately affect the activities of the firm. - Macro environment
5. It affects the firm on both the revenue side and cost sides. - Economic Aspects
6. A firm should develop, maintain and enhance a good business image. - Corporate Image
7. This includes laws, ordinances, and regulations. - Politico-legal
8. The social behavior of the employees greatly affects the working of the business. - Human resources.
9. It is a term covering all financial funds of the organization. - Financial Resources
10. It is where all functions within a firm are. - Internal Environment
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explain how various marketing and professional elements must be coordinate to communicate effectively
Communication involves eight key components: the source, the message, the channel, the receiver, the feedback, the environment, the context, and interference.
What is effective professional communication?We must be precise and thorough in our communication if we want it to be effective. Learning the ability to convey information with clarity, empathy, and understanding is essential to becoming a good communicator in both our professional and personal life.
Discover More About Your Target Market. The USP of your business should be determined (USP). Select the right mix of marketing communications. Establish Your Brand. Think through your success metrics. Action-Plan Your Strategy.
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