The Closing the Revolving Door section of the Honest Leadership and Open Government Act of 2007 (Sec. 101) amends the House of Representatives' rules by adding Rule XXVII (Disclosure by Members and Staff of Employment Negotiations).
Requires Members to forbid their employees from working to influence legislation on behalf of the Member's spouse if the staff member is a registered lobbyist, works for or is hired by a registered lobbyist.
How was the definition of a lobbyist altered by the Lobbying Disclosure Act of 1995?On December 19, 1995, President Clinton signed the Lobbying Disclosure Act of 1995 into law, which became effective on January 1, 1996. By altering reporting standards, the Act increased the number of registered lobbyists and the amount of information they must provide.
Full Public Disclosure of Lobbying - (Sec. 201) Modifies the Lobbying Disclosure Act of 1995 (LDA) to require the following: (1) quarterly reporting of lobbying disclosure reports rather than semiannual reporting; (2) electronic filing; (3) disclosure of registered lobbyist on contributions; and (4) disclosure by registered lobbyists of all prior executive and congressional employment.
Title III: Implementing Restrictions on Lobbying - (Sec. 301) amends the LDA to raise the civil penalty for willful disregard of any LDA rule from $50,000 to $100,000.
establishes criminal consequences for willful and corrupt noncompliance, including fines, up to five years in jail, or both.
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Ql is used to communicate with a database. according to ansi (american national standards institute), it is the ________ language for relational database management systems
Ql is used to communicate with a database. according to ANSI (American national standards institute), it is the SQL language for relational database management systems
What is SQL?Programmers use the domain-specific language SQL to manage data stored in relational database management systems (RDBMS) or for stream processing in relational data stream management systems (RDSMS). It is especially helpful for processing structured data, or data that has relationships between entities and variables.
Compared to more traditional read-write APIs like ISAM or VSAM, SQL has two main advantages. In the beginning, it offered the idea of accessing numerous records with a single command. In addition, it does away with the requirement to indicate whether an index is used or not in order to access a record.
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Selling on account can result in a(n) ________ when customers do not pay.
a. asset
b. benefit
c. liability
d. cost
Selling on account can result in a(n) liability when customers do not pay.
Selling on account
A selling on account is revenue generated by a business when it sells items and allows the buyer to pay later. This is also known as a sale on account. Normally, this signifies that the company selling the items transfers ownership of its goods to the buyer and receives a current asset known as accounts receivable in exchange. The seller becomes one of the buyer's unsecured creditors as a result of this. This means that the seller faces the danger of incurring bad debts if the buyer fails to pay the full amount owed to the seller.
When products or services are provided to a consumer with the option to pay later, this is known as selling on credit, and it creates a liability for the customer to pay the seller. In turn, this creates an asset for the seller known as accounts receivable.
Therefore, the correct option is (C)
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During a project, it is determined that some of the necessary equipment will arrive 1 week later than anticipated. In order to keep the project moving, the project manager decides to begin the second step of the project before the first step is completed. During what phase of the project management process would this occur in?.
Issue a change request to minimize the scope for the release
Because not all purchase intentions result in an actual purchase, retailers calculate the ________ to measure how effectively a decision to purchase a specific product results in a completed purchase.
Because not every purchase intention results in a completed transaction, retailers compute the conversion rate to assess how well a choice to buy a particular product results in a completed transaction.
Does the internal conflict result from the discrepancy of two views or from the inconsistency of beliefs and behavior?When a person's conduct and beliefs conflict, they experience cognitive dissonance. This can also happen when they possess two opposing opinions. People try to feel better because it makes them feel uncomfortable.
Which of the following best describes a group of conspicuous or crucial characteristics regarding a certain product?A list of conspicuous, or significant, characteristics of a certain product makes up the evaluative criteria. The alternative brands or retailers that a customer claims to consider while making a purchasing decision are included in the consumer's evoked set.
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true or false: having a project extranet track outstanding issue(s) is of value because it provides a consistent means of monitoring progress and status across the entire project or enterprise while providing a safety net to ensure that items do not become forgotten.
It is very helpful to monitor the progress of the project. so the given statement is true.
what is outstanding issues?Outstanding issues refers to any strategy utilized to identify issues with a program item and outline the timeline of that issue's resolution. Issue following is the method of recording client complaints and problems so that they can be settled in an organized fashion. Issue following is for the most part used inside program development but can apply to any customer-facing aspect of a business.
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Marcia has always loved nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the nike store. This is an example of which type of purchase decision?.
Marcia has always loved Nike apparel for its style and comfort. She needs new workout pants, so she purchases a pair at the Nike store. This is an example of limited problem-solving.
Limited problem-solving is a method through which people buy products from a company or place with which they have had an experience before. Based on past experience, they tend to make new experiences by purchasing new things from the same store.
Limited problem-solving is a method that allows you to buy products based on your prior experience with a brand. As your previous encounter with the brand was up to the mark, you begin to trust it and buy new products from it. Limited problem solving helps in building trust in a brand if the experience is continuously good from buying from that source.
As Marcia's experience with Nike was good before, hence she is using the limited problem-solving method for buying workout pants from there as well.
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skyler is covered by his company's health insurance plan. the health insurance costs his company $9,500 a year. during the year, skyler is diagnosed with a serious illness and health insurance pays $100,000 for surgery and treatment. how much of the insurance and treatment payments are taxable to skyler?
Answer:0
Explanation:Many taxpayers are covered by accident and health insurance plans. These plans pay for the cost of medical care of the taxpayer and any dependents who are insured under the plan. The taxpayer may pay the total premiums of the plan, or his or her employer may pay part or all of the premiums. Taxpayers are allowed liberal exclusions for payments received from these accident and health plans.
The first step in the planning process, situational analysis, summarizes information relevant to the planning issue. In the second step, the planners should use the findings from the first step to produce ______.
In the second step, the planners should use the findings from the first step to produce: A. alternative goals.
What is planning?Planning can be defined as the process of developing and setting organizational objectives and goals, as well as translating them into action plans or courses of action.
What is a goal?A goal can be defined as an outcome statement and strategic objectives that defines what an individual or a group of people (team) hopes to successfully achieve (accomplish) in the future i.e over a specific period of time.
This ultimately implies that, a goal is simply a futuristic idea, an objective, or desired result that an individual envision, plan, and commit to achieve over a specific period of time.
In this context, we can reasonably infer and logically deduce that the planners should use the findings derived (obtained) from the first step to produce alternative goals for the second step.
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Complete Question:
alternative goals
decisions
hedging
In societies with which type of economy does the government control most economic activity, including providing medical services and operating hospitals and clinics?
It is a socialist economy in which the government controls most economic activity, including providing medical services and operating hospitals and clinics.
What is the Socialist Economy?Socialism's core tenet is the concept of class antagonism. Karl Marx, its most notable proponent, thought that poor workers who experienced these injustices would inevitably rise up in revolt against the powerful capitalists. He imagined a society in which the workers themselves or the government-owned and ran the industrial sector.
Socialists contend that pooled resource ownership and centralized planning offer a more egalitarian method of distributing commodities and services than capitalism. In essence, they advocate that employees who contribute to the nation's economic output should anticipate proportional compensation. "From each according to their ability, to each according to their need" is the socialist catchphrase, which encapsulates this concept.
In a truly socialist society, the government would be in charge of setting output and price levels. Aligning these choices with consumer needs is a difficult task. Oskar Lange and other socialist economists have suggested that central planners can avoid significant production inefficiencies by adjusting to inventory levels. Therefore, an excess of tea in stores indicates that prices should be reduced, and vice versa.
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You are thinking about buying a bond that offers a coupon rate of 6% but with semi-annual coupon payments. The bond has exactly 7 years remaining to maturity. The face value of the bond is $1,000. Your required return is 8. 16% per year. How much should you be willing to pay for this bond?.
With 6% semi-annual coupon rate of bond payments and $1000 face value the amount payable should be $30 (3% of 1000).
More about bonds:
If a bond's initial price is similar to its par value, its coupon rate and yield to maturity are identical. A bond's face value, also known as the proclaimed worth of the bond at the time of filing, as established by the issuing company, is its par value. Par values for most bonds are $100 or $1,000.
The majority of fixed-income investors are more interested in the bond yield, which is a measurement of the income produced by a bond and is calculated as the interest divided by the price.
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High point, plymouth rock, and pallasades are all names that identified each company as the seller of their offerings. This is also known as the companies ______.
The high point, Plymouth rock, and palisades are all names that identified each company as the seller of their offerings. This is also known as the company's brand name.
An organization or company may give a specific item or service a brand name or trade name. Despite the fact that a brand name might occasionally be as straightforward as the names of the company's founders, as in the cases of John Deere or Johnson & Johnson, brand names nowadays are often carefully considered marketing strategies intended to raise public awareness and encourage brand loyalty.
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The suppliers of denver press offer the firm 30 days credit on all its purchases. Denver press has an average payment period of 84 days as compared to its industry average of 43 days. Which of these statements applies to denver press?.
An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt.
What does a debt-to-income ratio of 0.45 mean?
The debt-to-capital ratio, as its name suggests, identifies the percentage of a company's total capital that is financed by debt. If a corporation has a debt-to-capital ratio of 0.45, for instance, that indicates debt accounts for 45% of the company's capital.
How is ratio analysis calculated?
Formula for Ratio Analysis: The net income is divided by the average total assets to arrive at the return-on-assets ratio (the total assets at the start and at the end of the year divided by two).
What does a 30% dividend payout mean if a company has no outstanding preferred stock?
A company with no preferred stock would have a dividend payout of 30%, meaning common stock dividends would account for 30% of net income.
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The accounting cycle requires three trial balances be done. in what order should they be prepared?
The order should be Unadjusted, adjusted and post-closing.
Any other typically used capital budgeting approach is the unadjusted price of return technique. That is also referred to as the easy fee of return method or the accounting charge of going back technique. The unadjusted price of return is computed as follows, you are taking your increase in future common income and dividing it by way of your initial funding price. The result is your unadjusted price of return. Now notice the word unadjusted within the identity. This approach refers to the reality that the calculations aren't adjusted for the time cost of money.
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As the market moves toward the equilibrium price, the quantity demanded _______ and the quantity supplied _______.
As the market moves toward the equilibrium price, the quantity demanded decrease and the quantity supplied increase.
What is an equilibrium?Basically, an equilibrium refers to the state in which market supply & demand balance each other and because of this, the prices become stable. Also, the equilibrium price is where the supply of goods matches demand and when a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and the market is in a state of equilibrium.
Hence, because of this, as the market moves toward the equilibrium price, the quantity demanded decrease and the quantity supplied increase.
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Customers are naturally excited about make-to-stock, finish-to-order, make-to-order, and engineer-to-order. An operations and supply chain manager is far more interested in.
Customers are naturally excited about make-to-stock, finish-to-order, make-to-order, and engineer-to-order. An operations and supply chain manager are far more interested in the point in the supply chain at which customization occurs.
Supply chain management is the practice of coordinating the various activities necessary to provide and deliver goods and services to an enterprise's customers. Examples of supply chain sports can consist of designing, farming, production, packaging, or transporting.
There are four additives to a supply chain that should be considered an agile version: virtual integration, technique alignment, a community base, and market sensitivity. Virtual integration requires the business to track marketplace calls for modifications in actual time.
Even though the supply chain is a totally huge professional field, it has 7 primary purposeful areas: purchasing, production, inventory control, demand-making plans, Warehousing, Transportation, and customer service.
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You are the manager of a customer service call center that handles customer inquiries for a large clothing retailer. One of your responsibilities is to use different types of reinforcement to motivate employees to engage in certain behaviors while on the phone with customers. Because you want all employees to stick to the provided script when answering calls, you decide to randomly monitor calls and praise employees who use the script. What type of reinforcement did you use?.
Positive reinforcement involves the use of rewards to increase the likelihood that a desired behavior—high performance, for instance—will be repeated.
Positive reinforcement is the process of using incentives to make it more likely that a desired behavior—like a good performance, for example—will be repeated. Extinction entails removing further reward (either positive or negative) after the behavior to be extinguished occurs in order to reduce the probability that it will occur again. Punishment is the use of unfavorable results to reduce the likelihood of a behavior. In order to improve the chance that someone would repeat an action, negative reinforcement is based on the elimination of unpleasant present or future consequences. In other words, the elimination or avoidance of something unpleasant may be motivating.
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mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer purchases one year of flood insurance in advance on march 1, paying $24,000 ($2,000/month).required:1.
The prepaid insurance is $24,600.
The insurance cost is $20,500.
What is the prepaid insurance and insurance cost of the mountaineer?These are the journal entries:
1. Prepaid insurance A/C Dr. $24,600 as of March 1
To deposit $24,600 into the account (To record the purchase of insurance in advance)
2. Insurance cost A/c Dr. $20,500 on December 31.
$20,500 for insurance that was prepaid (To record the insurance expense)
Workings:
Cost of insurance: $2,050 multiplied by 10 months (from March 1 to December 31) is $20,500.
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based on this information, affirm considered a financial intermediary because it is . a. should be; charging an interest rate lower than the interest rate charged on credit cards b. should not be; not taking in deposits itself to fund its lending program c. should not be; not a commercial bank d. should be; connecting borrowers with available external funds
Affirm is considered a financial intermediary because it should not be not taking in deposits itself to fund its lending program.
Affirm is one of the leading companies in offering consumers buys now, pay later POS installment loans. Affirm's mission is to enable consumers to buy what they want without incurring unmanageable debt. Unlike other BNPL companies, Affirm offers a choice of payment options.
Affirm is a publicly traded financial technology company headquartered in San Francisco, USA. Founded in 2012, the company acts as a financial institution for installment loans that consumers can use to finance their purchases at the point of sale. Affirm Holdings, Inc. Affirm is one of the popular buys now, pay later options. Affirm allows customers to pay off loans in terms of typically three months to one year for him and is integrated with his websites for many retailers including Target, Walmart, Peloton, Neiman Marcus, and Nike.
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what information would a business gather if they looked on social media to look at comments about their service?
Answer:
Ratings.
Explanation:
Is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects.
Financial Statement or a report is issued once a year by a corporation and contains basic financial statements and an analysis of past performance and future prospects.
What is a financial statement?
Financial statements are a set of summary reports about an organization's financial results, financial position and cash flows. They include the income statement, balance sheet and cash flow statement.
Advantages of financial statements
Financial statements are useful for the following reasons:
Determine the ability of the business to generate cash and the resources and use of that cash.To find out if the business is able to repay its debts.To track financial results on a trend line to detect any impending profitability issues.Derive financial indicators from the statements that can indicate the state of the company.To examine the details of certain business transactions as disclosed in the disclosures attached to the statements.To be used as the basis for the annual report that is distributed to the company's investors and the investment community.To learn more about financial statements, refer to:
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The public company accounting oversight board (pcaob) is not responsible for standards related to:______.
The public company accounting oversight board is not responsible for standards related to establishing accounting standards for public companies.
What is PCAOB?This is referred to as public company accounting oversight board and is a non profit organization which was established by the congress in other to audit public enterprises so as to protect potential investors and enhance the interest of the public making available audit reports for their consumption.
This organization is also responsible for the regulation of the audit of the public companies so as to ensure that there is a reduction in the audit risk. However, it is not responsible for the establishment of accounting standards for public companies.
The organization in charge of this is Financial Accounting Standards Board which is therefore the reason why it was chosen as the most appropriate choice.
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What is a budget?
Study question 3 on edg
Budget can be defined as having a financial plan that is based on income and expenditure.
What is budget?Budget can be defined as the way in which a person has a financial plan or spending plan on how to spend their money .
Having a budget is important it can help you to plan ahead or to forecast how to spend which is why must companies or organization tend to make use of budget when planning their income and expenses.
Therefore Budget can be defined as having a financial plan that is based on income and expenditure.
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Arnez company’s annual accounting period ends on december 31. The following information concerns the adjusting entries to be recorded as of that date. The office supplies account started the year with a $2,600 balance. During the year, the company purchased supplies for $10,738, which was added to the office supplies account. The inventory of supplies available at december 31 totaled $2,288. The prepaid insurance account had a $30,192 debit balance at december 31 before adjusting for the costs of any expired coverage for the year. An analysis of prepaid insurance shows that $21,735 of unexpired insurance coverage remains at year-end. The company has 15 employees, who earn a total of $2,600 in salaries each working day. They are paid each monday for their work in the five-day workweek ending on the previous friday. Assume that december 31 is a tuesday, and all 15 employees worked the first two days of that week. Because new year’s day is a paid holiday, they will be paid salaries for five full days on monday, january 6 of next year. The company purchased a building at the beginning of this year. It cost $620,000 and is expected to have a $45,000 salvage value at the end of its predicted 40-year life. Annual depreciation is $14,375. Since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $2,900 per month, starting on november 1. The rent was paid on time on november 1, and the amount received was credited to rent revenue. However, the tenant has not paid the december rent. The company has worked out an agreement with the tenant, who has promised to pay both december and january rent in full on january 31. On november 1, the company rented space to another tenant for $2,627 per month. The tenant paid five months' rent in advance on that date. The payment was recorded with a credit to the unearned revenue account. Assume no other adjusting entries are made during the year. Required: 1. Use the information to prepare adjusting entries as of december 31. 2. Prepare journal entries to record the first subsequent cash transaction in january of the next year for parts c and e
1. Preparing the adjusting entries as of December 31 for Arnez Company is as follows:
Adjusting Journal Entries:Debit Supplies Expenses $11,050
Credit Supplies $11,050
Debit Insurance Expenses $8,457
Credit Prepaid Insurance $8,457
Debit Salaries Expense $5,200
Credit Salaries Payable $5,200
Debit Depreciation Expense $14,375
Credit Accumulated Depreciation- Building $14,375
Debit Rent Receivable $2,900
Credit Rent Revenue $2,900
Debit Unearned Revenue $5,254
Credit Rent Revenue $5,254
2. The journal entries to record the first subsequent cash transactions in January:
Journal Entries:Debit Salaries Payable $5,200
Debit Salaries Expense $7,800
Credit Cash $13,000
Debit Cash $5,800
Credit Rent Receivable $2,900
Credit Rent Revenue $2,900
Transaction Analysis:Supplies:Beginning inventory $2,600
Purchase 10,738
Ending inventory (2,288)
Supplies Expenses $ 11,050 Supplies $11,050
Prepaid Insurance:Beginning balance $30,192
Ending balance 21,735
Insurance Expenses $8,457 Prepaid Insurance $8,457
Salaries Payable:Beginning balance = $5,200 ($2,600 x 2)
Salaries Expense $5,200 Salaries Payable $5,200
Building, cost = $620,000
Salvage value (45,000)
Depreciable = $575,000
Depreciation Expense $14,375 Accumulated Depreciation- Building $14,375
Rent Receivable $2,900 Rent Revenue $2,900
Unearned Revenue $5,254 Rent Revenue $5,254
Subsequent Cash Transactions in January:
Salaries Payable $5,200 Salaries Expense $7,800 Cash $13,000
Cash $5,800 Rent Receivable $2,900 Rent Revenue $2,900
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Sijara is working on a marketing plan for her toy company’s new doll line and believes that that her corporation needs to modify their existing dolls to include a more global approach in terms of clothing and hair color to meet the needs of the new markets. What strategy is Sijara looking to employ for her corporation?
The marketing plan that Sijara should apply is to change the product and make it more globally inclusive.
What is a marketing plan?Marketing plan can be defined as the strategy or the change which the complete going to incorporate in their business or behavior. It can be related to the product or how they are putting it in the market.
In this case as working on the toy factory and the dolls need to have a global approach this mean that the development will be changed as it is on global inclusion as well as lifestyle and behavior is a major factor in the change.
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If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, which production decisions might this reflect?.
If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, this will reflect Production shifts to the use of cheaper ingredients. Thus the correct option is D.
What is Quality?Quality is referred to as a standard for measurement against anything. It is refer to unique characteristics possed by any object in order to determine its features.
The amount that a thing can be sold for is restricted by a price ceiling. which is decided by the government or a government agency.
The typical response of producers to a minimum price is to lower the quality of their products or to manufacture fewer of them in order to lower costs.
Therefore, option D Production shifts to the use of cheaper ingredients is appropriate.
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The complete question is probably
If a ceiling on the price of bread leads to the disappearance of higher-quality, specialty bread from store shelves, which production decisions might this reflect? Correct Answer(s) Customers are rapidly buying the limited number of loaves available. Marketing is no longer aimed at upscale consumption. Specialty bread is available only direct from the bakery, to avoid transportation costs. Production shifts to a use of cheaper ingredients. Incorrect Answer(s)
During the pandemic of 2020, the City of Mayberry passes an ordinance that requires all citizens to wear a face mask in public. Addison believes that the government cannot regulate his personal behavior and refuses to wear a mask; he says that forcing him to wear a mask violates his constitutional rights! A police officer stops Addison on the street and arrests him for violating the city ordinance. Can Addison successfully challenge the mask ordinance on constitutional grounds?
a. Yes, this ordinance violates a citizen's right to privacy.
b. No, the federal government has the authority to regulate this kind of behavior, and the city police officer is acting as an agent of the federal government.
c. Yes, this ordinance violates a citizen's right to free speech.
d. No, requiring people to wear a face mask during a pandemic is a valid exercise of the state's police power
No, ordering people to wear masks during a pandemic is a legal use of the state's police power; the state police can do this to ensure that citizens are safe.
Generally speaking, a pandemic is an epidemic of an infectious illness that affects a sizeable section of the global population over the course of several months and spreads over a large geographic area with a high prevalence. Epidemics, or disease outbreaks that are localized to one area of the globe, such as a single nation, give rise to pandemics. Because pandemics, particularly those involving influenza, can happen in waves, there may be a postpandemic phase characterized by a drop in disease activity that is then followed by a subsequent period of high disease prevalence.
People living in different parts of the world might contract infectious diseases like influenza quickly—sometimes in just a few days. An enhanced level of infectiousness of the disease-causing agent, transfer from person to person, and contemporary modes of mobility, such air travel, all contribute to the spread of diseases.
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when one member of a society owns all of the goods, and redistribution of goods cannot take place without making that member worse off, the society can be said to be:
when one member of a society owns all of the goods, and redistribution of items cannot take location barring making that member worse off, the society can be said to be Pareto efficiency.
Pareto efficiency, or Pareto optimality, is an financial kingdom where assets can't be reallocated to make one person better off except making at least one person worse off.
What is an example of Pareto efficiency?Consider some other example: the sale of a used car. The seller can also price the car at $10,000, while the customer is willing to pay $15,000 for it. A deal in which the car is sold for $12,500 would be Pareto efficient because each the seller and the client are better off as a end result of the trade.
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https://brainly.com/question/13721005#SPJ4A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $1,000 per month for the next three years and then $2,000 per month for two years after that. If the bank is charging customers 7. 5 percent apr, how much would it be willing to lend the business owner?.
The amount bank will be willing to lend = $67,662.7
How is the amount calculated?Present value of annuity=Monthly Payments× [1- [tex]\frac{1}{(1+r)^n}[/tex] ] ÷ r
where,
Monthly payments = $1,000
r = Rate of return = 7.5% / 12 = 0.625%
n = Number of periods = 3 ×12 = 36
Present value of annuity=$1,000×1− [[tex]\frac{1}{(1 + 0.00625)^3^6}[/tex] ] ÷ 0.00625
Present value of annuity=$32,147.91
Calculation of the present value of annuity for the next two years:
Present value of annuity=Monthly Payments× 1− [tex]\frac{1}{(1+r)^n}[/tex] ÷ r
where,
Monthly payments = $2,000
r = Rate of return = 7.5% / 12 = 0.625%
n = Number of periods = 2 ×12 = 24
Present value of annuity
=$2,000×1−[[tex]\frac{1}{(1 + 0.00625)^2^4}[/tex] ] ÷ 0.00625
Present value of annuity=$44,444.85
Now, lets calculate the present value:
Future value = $44,444.85
Rate of interest = 7.5% / 12 = 0.625%
Number of periods = 3 * 12 = 36
Present value=Future value∗1/(1+Rate of Interest)^Number of periods
Present value=$44,444.85∗1/(1+0.00625)^36
Present value=$35,514.79
The amount bank will be will to lend = Present value of annuity for the first three years + Present value
The amount bank will be will to lend = $32,147.91 + $35,514.79
The amount bank will be will to lend = $67,662.7
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The stockholders of a business received a $1000 dividend. How would this affect the total equity of the business?.
Assets would be decreased and total equity would decrease as well.
What is total equity and assests ?Entire assets minus total liabilities equals equity. A company's balance sheet will contain all of these numbers. Equity for a homeowner would be the home's value less any remaining mortgage debt or liens.
Total equity is the value that remains in the business after total liabilities are subtracted from total assets. Equilibrium is calculated as Equity = Assets - Liabilities.Equity is anything that the company's owner invests in the business, which is the main distinction between equity and assets. The asset, on the other hand, is everything that the business holds that will provide it financial advantages in the future.Learn more about Total equity and assests here:
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brody company makes industrial cleaning solvents. various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. brody provided the following information for last year:
The company makes industrial cleaning solvents. various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information for last year: Raw materials purchases $250,000.
Some samples of strong cleaning solvents are acetone, methyl ethyl ketone, toluene, nPB, and trichloroethylene (TCE). Common mild solvents include isopropanol, glycerin, and antifreeze. Industrial cleaning chemically may be a specialized process that needs in-depth knowledge of chemical compounds and their reaction to certain surfaces and stains.
Chemical-based cleaning is employed to get rid of stubborn stains and other wastes commonly found in industrial cleaning services. Although cleaners that contain solvents vary widely in terms of applications and effects, most industrial solvent-based cleaners are made up of one among three styles of solvents: oxygenated, hydrocarbon, and halogenated.
Below, we glance at their basic characteristics to assist inform your cleaner purchase. There are two forms of solvents : organic solvents and inorganic solvents. Inorganic solvents are those solvents which don't contain carbon like water, ammonia whereas organic solvents are those solvents which contain carbon and oxygen in their composition like alcohols, glycol ethers.
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Complete Question: Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information OBJECT for last year:Raw materials purchases Direct labor Depreciation on factory equipment Depreciation on building Depreciation on headquarters building Factory insurance Property taxes: Factory Headquarters Utilities for factory Utilities for sales office Administrative salaries Indirect labor salaries Sales office salaries Beginning balance, raw materials Beginning balance, work in process Beginning balance, finished goods Ending balance, raw materials Ending balance, work in process Ending balance, finished goods $250,000 140,000 45,000 30,000 50,000 15,000 20,000 18,000 34,000 1,800 150,000 156,000 90,000 124,000 124,000 84,000 102,000 130,000 82,000Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5 percent of sales.
1. Calculate the direct materials used in production for last year.
2. Calculate total prime cost.
3. Calculate total conversion cost.
4. Prepare a cost of goods manufactured statement for last year. Calculate the unit product cost.
5. Prepare a cost of goods sold statement for last year.6. Prepare an income statement for last year. Show the percentage of sales that each line item represents.