Omitting the adjusting entry to record wages results in various inaccuracies, including understatement of expenses, overstatement of net income, overstatement of retained earnings, overstatement of stockholders' equity, and understatement of liabilities.) Unpaid wages that have been earned by employees but have not yet been recognized.
In the accounting records should be entered or recorded using an accrual adjusting entry, which will: Wage Expense is debited. Wages Payable on Credit or credit Payable Wages Accrued Accumulated interest is interest that has accrued but has not been paid as of a balance sheet date. The amount that has occurred but is unpaid should be recognized with a debit to Interest Expense.
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The demand for loanable funds is _____ sloping because _____ respond to lower interest rates by _____ their quantity demanded of loanable funds.
The demand for loanable funds is downward sloping because investors respond to lower interest rates by increasing the quantity demanded of loanable funds.
What are loanable funds?A hypothesis of market interest rates in economics is the loanable fund's concept. With this strategy, the supply and demand of loanable money determine the interest rate. All types of credit, including loans, bonds, and savings accounts, are referred to as "loanable money."
The loanable fund's concept adds bank credit to the traditional approach, which only considered saving and investments for determining interest rates. Due to the ability of the banking sector to generate credit out of thin air, the total quantity of credit available in an economy may exceed private savings. Therefore, in addition to the propensities for saving and investing, the creation or destruction of fiat money and credit also has an impact on the equilibrium (or market) interest rate.
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Andy, 68, has a gross estate currently valued at $2,500,000 that consists primarily of highly appreciated growth securities. Within the last six months, andy transferred $500,000 worth of these securities to his wife, harriet. His cost in these securities was $200,000. Harriet recently died. The fair market value of the transferred securities at the time of her death was $500,000. The securities passed to andy under the terms of harriet's will
If his cost in these securities was $200,000 and the fair market value of the transferred securities at the time of her death was $500,000. The income tax implication of the transfer of stock is $200,000.
Transfer of stockSince we were told his cost in the securities was the amount of $200,000 which means that basis the Harriet that received from the lifetime gift from Andy will be the same basis as that of Andy.
The reason why the basis will be the same is because Harriet died and did not live for more than a year, which in turn means that property is a basis since the property does not qualify as a reverse gift. Hence the basis will be the amount of $200,000.
Therefore If his cost in these securities was $200,000 and the fair market value of the transferred securities at the time of her death was $500,000. The income tax implication of the transfer of stock is $200,000.
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The complete question is:
Andy, age 68, has a gross estate currently valued at $2,500,000 that consists primarily of highly appreciated growth securities. Within the last six months, Andy transferred $500,000 worth of these securities to his wife, Harriet. His cost in these securities was $200,000. Harriet recently died. The fair market value of the transferred securities at the time of her death was $500,000. The securities passed to Andy under the terms of Harriet's will.
Which one is an income tax implication of the transfer of stock?
during a strategic change, some employees are likely to lack the willingness or the ability to support the new strategy. the employees who are critical to implementing the new strategy may help it to take hold and ultimately influence the strategy’s effectiveness.
When a company is doing well, the employees and managers are capable to earn some of this price created through their corporations with the aid of what they are paid by means of the company.
This can be through certain advantages like bonuses or this can be thru their salary.
What is worker improvement strategy?An worker development plan, from time to time referred to as an employee growth plan, is a procedure for supporting persons improve skills for their modern-day job and acquire information and abilities for new roles and obligations in an organization.
Sometimes that capacity education them to be leaders, however no longer always.
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https://brainly.com/question/14619520#SPJ4in the context of the leadership grid, the context and style of leaders' behavior are important factors that affect the leadership dimensions of concern for people and concern for production
It is true that in the context of the leadership grid, the context and style of leaders' behavior are important factors that affect the leadership dimensions of concern for people and concern for production.
It is believed that the most effective executives care deeply about both their workforce and their bottom line.A leader's capacity to create teams and influence others through their behavior depends on the situation and the setting in which they act.What is leadership grid?Intelligence, personality traits, emotional intelligence, beliefs, attitudes, interests, expertise, and experience all have a role in how we behave as leaders.A style leadership paradigm created by Robert R. Blake and Jane Mouton is the management grid model.The Leadership Grid is a behavioral leadership model created in the 1960s to compare concern for people and production. The grid defines five different leadership styles: team, country club, produce or perish, and impoverished.Learn more about Leadership Grid here:
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Based on their observations, what should the researchers do to further clarify how the availability of the protein outside the cells affects the rate of endocytosis of the protein?.
Incubate the cells in the presence of several different concentrations of the protein.
Reason: Changing the concentration of the protein will change the availability of the protein outside the cells.
What is Endocytosis?
A biological process called endocytosis allows chemicals to enter the cell. An region of cell membrane that surrounds the substance to be swallowed then buds off inside the cell to create a vesicle containing the substance to be ingested. Pinocytosis (cell drinking) and phagocytosis (cell eating) are two types of endocytosis . It is an active mode of transport.
The internalisation of the plasma membrane (PM) and its constituent membrane proteins and lipids happens during endocytosis, which takes place at the cell surface. Endocytosis controls a number of processes that are started at the cell surface. These comprise food assimilation, communication through cell-surface receptors, and numerous other procedures crucial for metazoan cells and tissues to operate. The maintenance of PM lipid and protein homeostasis depends on it as well.
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What is the cost per square inch? Round answers to the nearest hundredth if necessary.
The cost per square inch: To calculate the price-per-square-inch of a work of art is simple: you multiply the length of the piece by its width to get the number of square inches, and then you divide the price of the piece by the number of square inches. (You can also use united inches instead of square inches.)
“Cost” in its singular form refers to the sum of a total group; “costs” refers to all of the pieces within that group. For example, “the cost of a service includes material costs and labor costs.” From legal contracts to discussions of budgets, the difference between “cost” and “costs” often befuddles people.
In accounting, costs are the monetary value of expenditures for supplies, services, labor, products, equipment and other items purchased for use by a business or other accounting entity. It is the amount denoted on invoices as the price and recorded in book keeping records as an expense or asset cost basis.
Costs are the amount a business incurs to produce goods or provide services. Costs are important to your business because: It is to deplete the profits earned by the business. The difference between good and bad returns.
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Although 80% to 95% of americans cherish their privacy as a very important right and principle, what percentage also act in ways that allow others to easily monitor and track their activities?.
60% of Americans believe that their activities are easily monitored and tracked on daily basis.
The freedom from interruption and intrusion is a component of privacy. To freely associate with anybody. To have the power to decide who can access or utilize information about you. An example of a circumstance where you have privacy is when you have your own room that no one else uses and you can store all of your belongings there out of sight of others.
The majority of Americans think that businesses and the government routinely follow and monitor their online and offline behavior. Six in ten U.S. citizens said they do not believe it is possible to live a normal life without having data on them gathered by businesses or the government. This is a prevalent condition of modern living.
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Your aunt ruth has $610,000 invested at 6. 5%, and she plans to retire. She wants to withdraw $40,000 at the beginning of each year, starting immediately. How many years will it take to exhaust her funds, i. E. , run the account down to zero?.
It will take Aunt Ruth 43 years to deplete her savings, or completely Period rate empty the account, If aunt Ruth intends to retire and has $610,000 invested at a 6.5% yield.
Rate per Period 0.065
Payment per Period $40,000.00
Present Value $610,000.00
Future Value $0.00
Ending (0), Beginning (1) 1
Total No. of Payments 42.40
Nper (rate,pmt,-pv,fv,type) Nper (0.065, 40,000, -610,000, 0, 1)
43 years
Price = Annual dividend / Required return
= 5 / 0.0225
= $222.22
The periodic rate is equal to the yearly interest rate when multiplied by the total number of periods. A mortgage's interest is normally calculated monthly, so if the annual interest rate is 4%, you would divide that amount by 12 to get 0.33 percent. That is the same as your monthly interest.
The actual interest rate is higher than the declared annual interest rate when a bank assesses periodic interest based on the typical balance of a loan on a monthly or daily basis. Compound interest's impact is the cause.
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What feature displays data that meets certain criteria and temporarily hides the rows that do not meet the specified criteria?
Answer:hhh
Explanation:
A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)?
If a licensee helps one or more parties without exiting an agent or fiduciary or advocate for that group, then he is operating as a transaction broker.
What is a transaction broker?A transaction broker is defined as a broker who supplies limited illustration to a buyer, in a real estate transaction, but does not denote either in a fiduciary power or as a single agent.
What's the term for somebody who has an agency presentation with the licensee?A client is a person who shows an agency relationship with a licensee through a registered contract and agrees to be described by the agent in a real estate transaction.
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You're concerned that inexperienced people on your team might be running behind schedule on their assignments. you decide to apply the _____ filter to display tasks that are behind in both finish date and completed work.
You're concerned that inexperienced people on your team might be running behind schedule on their assignments. you decide to apply the Slipped late progress filter to display tasks that are behind in both finish date and completed work.
Slipped Late Progress filter is used in the given situation
The Slipped/Late Progress filter allows the user in seeing tasks which have been slipped behind their scheduled finish date or they haven't been progressing as scheduled by the user.
In order to apply the “Slipped/Late Progress” filter,
first go to menu Project – Filter and
then select More Filters
then again select Slipped/Late Progress
and finally click on Apply button.
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a salesperson working for a broker was disciplined for pursuing a flagrant and continued course of misrepresentations, making false promises, and failing to pay over money belonging to others. in this case, the broker’s license
only be suspended or canceled if Betty was aware of the salesperson's actions and took no action.
A professional license allows real estate agents to assist clients in the purchase, sale, and rental of real estate. They must be employed by a broker or brokerage business that sponsors them. Real estate agents who have met extra training and licensing requirements are called brokers. They have the option of working on their own and hiring other real estate brokers. A Realtor is a member of the National Association of Realtors and a licensed real estate agent, broker, or other real estate professional (NAR). Members are required to abide by the rigorous Code of Ethics of NAR. A real estate agent or salesperson that is also licensed can sell or rent certain properties is hired by a licensed broker, according to the definition of an employing broker.
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a company sells widgets. the amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. using this equation, find out what price the widgets should be sold for, to the nearest cent, for the company to make the maximum profit.
The price should be, to the nearest cent, to make the maximum profit is 775.34.
What is the price the widgets should be sold for?
This is a quadratic equation and if you were to graph this you would see that it is a parabola that opens down because of the negative leading coefficient (-3).
The maximum profit would be at the vertex, of the graph. Therefore, we need to find the value of "y" when "x" is the line of symmetry. We find this by x=-b/(2a) where a = -3 and b = 152:
x=-152/(2)(-3)
x=-152/-6
x=152/6
We put this value of "x" into the original formula to find out the value of "y":
y=-3x2+152x-1150
y=(-3)(152/6)2+152(152/6)-1150
y=-1925.33+3850.67-1150
y=775.34
Therefore, the maximum profit would be 775.34.
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in the rare circumstance that production of an important good or service has been hobbled by asymmetric information, how might the government intervene?
The authorities has a wide variety of policy equipment at its disposal to correct uneven facts and to control externalities.
These encompass taxes, schooling programmes and production law supposed to increase the flow of statistics to consumers.
What occurs when there is asymmetric information?"Asymmetric information" is a time period that refers to when one birthday celebration in a transaction is in possession of greater information than the other. In certain transactions, agents can take advantage of buyers because uneven statistics exists whereby the seller has more information of the desirable being sold than the buyer
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https://brainly.com/question/8002460#SPJ4When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called.
When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called bonds.
In a business, bonds are formed in order to represent the money that is borrowed from a lender by the borrower. Bonds make it easier to track how much debt has been taken and what will be the terms and conditions that will be applied in returning the money.
Bonds provide debt securities and are used by corporations and governments when they have to borrow money from the public on a long-term basis.
It becomes easier to get back the money that a lender has provided through the formation of bonds. It also helps in assessing the terms and conditions that are formed while making an agreement.
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What are the advantages of public limited company
Answer:
Advantages Of A Public Limited Company
Raising Capital Through Public Issue Of Shares. ...
Widening The Shareholder Base And Spreading Risk. ...
Other Finance Opportunities. ...
Growth And Expansion Opportunities. ...
Prestigious Profile And Confidence. ...
Transferability Of Shares. ...
Exit Strategy. ...
More Regulatory Requirements.
Explanation:
draw a curve that shows the effect of a new dip that increases the quantity of potato chips that people want to buy by million bags per week at each price. label the curve potato chips
Please find attached an image showing the shift of the demand curve to the right.
Demand for potato chips increases when the new dip is released on the market. However, it has no impact on supply. The demand curve consequently moves to the right.
The weekly increase in demand is 40 million bags. A rightward shift occurs in the demand curve. The new equilibrium quantity is 165 million bags each week, and the new equilibrium price is 85 cents per bag.
The new dip in the market for potato chips has two effects: it raises supply and demand for the snack food.
What is the Demand curve ?
The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve.The law of demand states that as the price of a given good rises, the quantity demanded decreases, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.To know more about Fall in supply visit:
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if 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what is the amount of the contribution margin that would be reported on the variable costing income statement?
The amount of the contribution margin that would be recorded on the income statement for variable costing if 1,000 units are still unsold at the end of the month and sales total $150,000 for the month is not reported.
What is an income statement?One of the three key financial statements, together with the balance sheet and the cash flow statement, that summarizes a company's financial performance for a certain accounting period is the income statement.Net income is calculated as total revenue less gains minus total expenses plus losses.Total revenue is the sum of operational and nonoperating revenue, whereas total expenses cover both primary and auxiliary costs.Not all receipts are revenue. On the income statement, revenue is earned and shown. Cash receipts—whether received or disbursed—are not.A company's operations, managerial effectiveness, underperforming industries, and performance in comparison to competitors are all useful insights that may be gained from an income statement.To know more about income statement, refer to the following link:
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Pendant publishing recently reported $5,070,642 in sales, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation. It had an interest expense of $43,828 and its federal-plus-state income tax rate was 40%. What was pendant publishing s ebit?.
Based on the computation of EBIT by using reported sales of $5,070,642, $3,528,000 in cost of goods sold, $719,988 in other operating expenses, and $18,900 in depreciation, then, the Earnings Before Interest and Taxes equals to $803,754.
What is an Earnings Before Interest and Taxes?In accounting, an Earnings Before Interest and Taxes refers to a company's net income before income tax expense and interest expenses are deducted. The finance tool is mostly used to analyze the performance of a company's core operations without the costs of the capital structure and tax expenses impacting profit.
Also, an Earnings Before Interest and Taxes is also known as operating income because they both exclude interest expenses and taxes from their calculations.
Computation of the EBIT
EBIT = Sales - (COGS+ Expenses+Depreciation)
EBIT= $5,070,642 - ($3,528,000+$719,988+$18,900)
EBIT= $803,754.
In conclusion, the the Earnings Before Interest and Taxes equals to $803,754.
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The purpose of "tell me" is all of the following except:
demonstrate the "how"
introduce something new
explain the "why"
set clear expectations
The purpose of "tell me" is to demonstrate the "how", introduce something new, explain the "why", and set clear expectations, but that's all. Because "tell me" is used when asking a question. And answer the "why" question.
The demo comes from the Latin "to prove", meaning "to show by argument or reasoning." To substantiate your point, you need to make a valid claim and provide an example of why you think it is true. A protest can also mean a public demonstration.
The demonstration is defined as demonstrating something by one's own example. An example of a demo is to show someone how to cook a meal. The demonstration is something that is made clear by reasoning, something that is done in action to clarify a situation. A show, on the other hand, means making the other person see something without explicit action.
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bell international estimates that a $10 million loss will occur if a foreign government expropriates some company property. expropriation is considered reasonably possible. how should bell report the loss contingency?
The correct options are
The contingency is not accrued.This is a loss contingency.The contingency can be reasonably estimated.A disclosure note should describe the contingency.Since this loss resulted via expropriation, it serves as an illustration of loss contingency. This is a contingency that can be rationally estimated since we are provided with a specific amount (estimation of loss). Given the likelihood that the loss may really materialize, it is crucial to provide a disclosure statement that fully outlines the actual contingency (giving it a basis). A contingency plan, sometimes known as Plan B informally, is a strategy created to deal with a situation that wasn't anticipated in the original plan. It is frequently employed in risk management for a rare risk that, albeit uncommon, might have disastrous results.
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What information would be beneficial in determining if a company is a worthwhile investment?
What industries are on the upswing and will be needing more funding?
Are there individual companies with a great amount of potential growth?
The information that would be beneficial in determining if a company is a worthwhile investment is the business model, the earnings growth, and the plans of the company. Moreover, companies that focus on technology and services are more likely to need investors.
What information would be beneficial in determining if a company is a worthwhile investment?Before you invest in any company you need to understand how the company is doing and what will possibly happen with it in the next months and years. Due to this, it is a good idea to know about:
The mission of the company.The busieness model.The earnings growth.Plans and predictions.What companies require more investment?Considering the most important sectors in market are technology and services, it is likely these companies require more investment.
Are here individual companies with a great amount of potential growth?Yes, even small local companies can have a great potentia of growth depending on their model and products/services offered.
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a blank is a written document that includes the current marketing situation, specified objectives and strategies, action programs, and projected income statements.
A marketing strategy is a written document that details the present state of the market, specific goals and tactics, action plans, and anticipated financial results.
A marketing plan is a written document that describes the operations, clients, competitors, marketing strategies, and related costs of your business. A marketing plan is a strategy an organization will utilize to market and sell its products or services. The target market, the best way to contact them, the price point at which the product or service should be supplied, and how the business will evaluate its effectiveness are all identified in the marketing plan. Marketing objectives are the outcomes that a brand expects to obtain from its marketing activities. In order to strategically and narrowly target your efforts, they should be measurable (and practical). You may identify your target market and how your product or service can help it by using a marketing plan. Identify potential methods for luring new clients. Encourage your current clients to buy your goods and services again.Know more about marketing plan:
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introduced the scientific management approach that advocated the application of scientific methods to analyze work and to determine how to complete production tasks efficiently.
Federick W. Taylor supported scientific management, generally known as Taylorism, as a management theory. It use scientific approaches to determine the most effective manufacturing process in order to boost productivity.
Why is Frederick Taylor referred to be the "Father of Scientific Management"?Frederick Winslow Taylor is known as the "Father of Scientific Management," also known as "Taylorism," because he believed that it was the role and responsibility of manufacturing plant managers to determine the best way for a worker to do a job, as well as to provide the necessary tools and training.
According to Henri Fayol, the five management roles are: planning, organising, command, coordination, and control. These five roles compose "management," one of Henri's six industrial activities.
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during the trial of a suit concerning liability for an accident involving cartage ltd. and docking inc., the plaintiff’s attorney presents evidence from emma, a commercial accident reconstruction specialist. with respect to the evidence in the case that falls within emma’s field, she can
Emma can provide her opinions and findings with regard to the evidence in the case that pertains to her area of expertise.
A trial is what?A court trial, also known as a bench trial or jury trial, is a hearing during which all relevant facts are presented, and the judge or jury then renders a verdict on the matter. In a bench trial, the defendant may elect to forego the right to a jury trial in favor of the judge's decision.
In contrast to a jury trial, which has a panel of the defendant's peers decide on the case, a bench trial leaves the choice up to a judge. Let's examine the many steps that occur throughout a court proceeding.
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Suppose that on your 21st birthday you are given a $1,000,000 trust fund. what interest rate must you earn to ensure that if you withdraw $20,000 per year there is money in the account forever?
The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principle, or the lent amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
The right response is 5%.According to The Question,
The provided data are listed below in accordance with the scenario:
$1,000,000 yearly withdrawal$50,000 withdrawn annuallyConsequently, we can get the interest rate using the formula below:
Interest rate equals the annual withdrawal rate.
The calculation yields Interest Rate = $50,000 divided by $1,000,000, or 0.05 percent, or 5%.So, 5% should be the interest rate.
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What is the income number that Susan will likely list on her tax return?
Cisco uses the term the power of in-person to describe the ability of what technology to improve access to subject matter experts and to open doors for small business people?.
Cisco uses the term the power of in-person to describe the ability of Telepresence.
Telepresence: Technology that makes it possible for someone to act as though they are physically present in a distant or virtual location is known as Telepresence.
The foundation of telepresence is the creation of a two-way network proxy between a custom pod operating in a remote (or local) Kubernetes cluster and a process running on your development computer (bootstrapped using kubectl port-forward or OC port-forward).
The usage of telepresence robots to replace tour guides, night watchmen, factory inspections, and healthcare advisors is quite prevalent.
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Nafar wants to buy a house. Which type of credit is she most likely to use?
O Mortgage
O Limited
O Service credit
O Unsecured credit card
Answer: Mortgage
Explanation:
Answer:
Mortgage is the correct answer got it right
Explanation:
true or false: the expectations theory of the term structure states that a series of short-maturity bonds must offer the same expected return as an investment in a single long-maturity bond.
The expectations theory of the term structure of interest rates states that the yields on financial assets of different maturities are related primarily by market expectations of future yields. The expectations theory has occupied a prominent place in both theoretical and policy debates at various times.
What is expectations theory ?According to the term structure's expectations theory, the long-term interest rate is a weighted average of the current and anticipated short-term interest rates in the future. The long rate will equal the short rate if forecasts for future short rates are consistent (plus a constant risk premium).
Expectations theory, market segmentation theory, and liquidity preference theory are the theories that make an effort to explain the term structure of interest rates. Due to the difficulty in observing the term structure in the market, spot and forward are calculated from the coupon curve.Learn more about Expectation theory here:
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