Answer:
c
Explanation:
One of the potential benefits of ____________ from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
a. price bundling
b. prestige pricing
c. value pricing
d. odd-even pricing
e. informative pricing
Answer:
a. price bundling
Explanation:
Price bundling in business can be defined as a strategic process which typically involves the combination of several goods and services into a single unit for a relatively lower price or cost.
One of the potential benefits of price bundling from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
The following items are taken from the financial statements of Ivanhoe Company at December 31, 2022.
Land $197,900
Accounts receivable 22,000
Supplies 10,200
Cash 12,050
Equipment 82,100
Buildings 261,200
Land improvements 45,900
Notes receivable (due in 2023) 6,200
Accumulated depreciation—land improvements 12,700
Common stock 80,000
Retained earnings (December 31, 2022) 495,000
Accumulated depreciation—buildings 33,600
Accounts payable 9,800
Mortgage payable 91,900
Accumulated depreciation—equipment 18,950
Interest payable 3,400
Income taxes payable 15,500
Patents 46,700
Investments in stock (long-term) 71,300
Debt investments (short-term) 5,300
Required:
Prepare a classified balance sheet. Assume that $9,300 of the mortgage payable will be paid in 2023.
Answer:
Ivanhoe Company
Balance sheet
Particulars Amount Amount
Assets
Current assets
Cash 12,050
Account receivables 22,000
Supplies 10,200
Debt investment 5300
Total current assets 49,550
Fixed assets
Land 197,900
Equipment 82,100
Less acc. depreciation (18,950)
Net equipment 63,150
Building 261,200
Less acc. depreciation (33,600)
Net building 227600
Land improvements 45,900
Less acc. depreciation (12,700)
Net land improvements 33,200
Note receivables 6,200
Patents 46,700
Investment in stock 71,300
Total fixed assets 646,050
Total assets 695,600
Liabilities and shareholders equity
Current liabilities
Account payable 9800
Interest payable 3400
Income tax payable 15,500
Total current liabilities 28,700
Long term liabilities
Mortgage payable 91,900
Total long term liabilities 91,900
Shareholders equity
Common stock 80,000
Retained earnings 495,000
Total shareholders equity 575,000
Total liabilities and shareholders equity$69,5600
Daily demand for a product is 200 units. the production lead time is 2 days. a 1-day safety stokc is kept. how many kanban containers will be needed if one container holds 100 units?
Answer:6 kanban containers are needed
Explanation: Using the formula
Number of kanban containers =( dL + S)/C
Where
Average demand, d = 200
Lead time, L = 2 days
Safety stock is 1 day, S = 200 units
Quantity in containers, C = 100
Number of kanban containers = dL + S/C
= (200 x 2 + 200)/ 100 =400+200/100
= 600/100 = 6
Therefore 6 kanban containers are needed
To exploit an expected increase in interest rates, an investor would most likely:_______.a. sell Treasury bond futures. b. take a long position in wheat futures.
Answer:
a. sell Treasury bond futures
Explanation:
To exploit an expected increase in interest rates, an investor would most likely sell Treasury bond futures. Since treasury bond prices are inversely related to interest rates, an increase in interest rates will cause a decline in price of treasury bonds. By selling Treasury Bond futures, investor will have short position which will benefit from the increase in interest rates.
Which of the jobs listed is likely to be the most influenced by creativity and the creative process?A) Warehouse workerB) ProgrammerC) ReceptionistD) Office manager
Answer:
C) Programmer
Explanation:
Creative process could be regarded as
a process of unconscious and conscious mind, it is a simple term of inspiration. It involves critical thinking and ability to solve problems with one skills. According to Graham Wallas who model a creative process, in the book of " The Art of Thought" told us about the stages involves in the creative process which are;
✓preparation (or saturation)
✓incubation
✓ illumination
✓ verification (or implementation).
Out of the given options only programming can be regarded as a creative process.
Answer:programmer
Explanation:
Paid cach Rs 900 after deducting 10% cash discount
Answer:
I'm assuming you're looking for the original price? That would be $990 before the 10% discount.
Explanation:
A home furniture store, David's Furnishings, lowers its prices below those of
their competitors, Ada's Home Store. A price war then ensues. What must the
response of Ada's Home Store have been in order for the price war to begin?
A. Ada's Home Store started a marketing campaign against David's
Furnishings and their lower quality.
B. Ada's Home Store took David's Furnishings to court in an attempt
to make them raise their prices back up.
C. Ada's Home Store raised prices to show consumers that their
products are better.
O D. Ada's Home Store lowered prices even lower than David's
Furnishings did.
Answer:
d.
Explanation:
The response of Ada's Home Store has been in order for the price war to begin as Ada's Home Store lowered prices even lower than David's Furnishings did. Thus option D is correct.
What is the Price?A price refers to the amount which takes place between two individuals when performing the exchange of goods and services. This price is determined by the willingness of both parties involved in the exchange.
A price war took place when the competitors lower their prices in order to retain more customers will create conflicts in the market.
In the given case when an organization named David's Furnishings lower its prices with its competitors to begin a price war the competitors also lower their prices in order to capture the market gain effectively.
Therefore, option D is appropriate.
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calling sweden what is not a factor contributing to the rise of export activity in the word economy g
Answer: a. United Nations
Explanation:
The United Nations was established primarily to keep the peace in the world through the use of dialogue amongst nations to lay aside their grievances as well as cooperate in moving the planet forward. It also does a lot of humanitarian work to care for the most vulnerable groups in the world.
This means that even though there are organizations created by the UN to improve trade such as the United Nations Conference on Trade and Development (UNCTAD), the mandate of the UN in general is such that it cannot be said to have contributed to the rise of export activity in the world economy.
Regarding limited partners:________.
a. if the partnership agreement is silent as to notice required prior to termination, 90 days' written notice is required before the limited partner may withdraw.
b. they may not withdraw before the time that the partners have agreed the partnership will terminate.
c. they must obtain a court order to withdraw because of their limited liability and its effect on the remaining partners and third parties dealing with the business.
d. they may withdraw from the partnership at any time, but they forfeit their investment if they withdraw early.
Answer:
a. if the partnership agreement is silent as to notice required prior to termination, 90 days' written notice is required before the limited partner may withdraw.
Explanation:
Limited partners: The term "limited partner" is described as a "part-owner" of a specific company or organization whose liability associated with the company's debts can't exceed the amount that a person invested in that company. Limited partners are also referred to as "silent partners".
A "limited partner" can withdraw himself or herself from the company or firm any time he or she wants after a six months notice to the other partners, and the person who is withdrawing is being entitled to any specific distribution based on the agreement or, if none, associated with the "fair value" of the interest on the basis of the right to share in "distributions".
In the question above, the correct answer is option a.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
hurry please
Answer:
Rochelle:
Rochelle because Because her oil company is safer than Lionel because if there were an oil spill the damage would be huge and it would damage the fish while if they take on Rochelles's idea, they can keep the fish healthy and happy.
The biotechnologist will likely agree with Rochelle's side, as the risks of offshore oil drilling are well-documented.
In the past, there have been many accidents that have resulted in oil spills, which can have devastating consequences for the environment and the people who rely on it for their livelihood.
Even if Lionel's company is committed to using the safest drilling techniques, there is always the possibility of an accident. And even a small spill can have a significant impact on the environment. For example, the Deepwater Horizon oil spill in the Gulf of Mexico in 2010 released millions of gallons of oil into the ocean, causing widespread damage to marine life and coastal communities.
The biotechnologist will also likely consider the economic impact of offshore oil drilling. While Lionel argues that local oil would be more efficient to transport, it is important to consider the potential costs of a spill. If there were an accident, the fishing industry would likely be devastated, and the local economy would suffer as a result.
In conclusion, the biotechnologist is likely to agree with Rochelle's side, as the risks of offshore oil drilling outweigh the potential benefits.
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Union local school district has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 3.7 percent and the bonds have a par value of $5,000. What is the dollar price of the bonds?
Answer:
Bond Price= $4,700.15
Explanation:
Giving the following information:
coupon rate= 0.032/2= 0.016
YTM= 0.037/2= 0.0185
Number of periods= 16*2= 32
Par value= $5,000
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.0185^-32)] / 0.0185} + (5,000/1.0185^32)
Bond Price= 1,919.05 + 2,781.10
Bond Price= $4,700.15
Answer:
4700.15
Explanation:
Using BA calculator:
N=2*16=32 (because semiannually)
I/Y=3.7%/2=1.85% (because semiannually)
PMT=3.2%/2*5000=1.6%*5000=80
FV=5000
Compute PV=4700.15
if the owner of a business invests $20,000 in her business , which 2 accounts are affected?
Answer:
The owner invests personal cash in the business. The company's asset account Cash increases. ... (If the company is a corporation, then the Common Stock account(s) will increase.)
The following balances are available for Chrisman Company:
December 31, 2016 December 31, 2015
Cash $8,000 $10,000
Accounts receivable 20,000 15,000
Inventory 15,000 25,000
Prepaid rent 9,000 6,000
Land 75,000 75,000
Plant and equipment 400,000 300,000
Accumulated depreciation (65,000) (30,000)
Totals $462,000 $401,000
Accounts payable $12,000 $10,000
Income taxes payable 3,000 5,000
Short-term notes payable 35,000 25,000
Bonds payable 75,000 100,000
Common stock 200,000 150,000
Retained earnings 137,000 111,000
Totals $462,000 $401,000
Bonds were retired during 2016 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $35,000. Net income was reported at $26,000.
Required:
Prepare a statement of cash flows for 2016 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.
Answer:
Chrisman Company
Statement of Cash Flows for the year ended December 31, 2016
(using the indirect method):
Operating activities:
Adjusted cash from operations $61,000
Changes in working capital:
Accounts receivable -5,000
Inventory 10,000
Prepaid rent -3,000
Accounts payable 2,000
Income taxes payable -2,000
Short-term notes payable 10,000
Net cash from operating activities 73,000
Investing activities:
Equipment -100,000
Financing activities:
Bonds -25,000
Common stock 50,000 25,000
Net cash flows -$2,000
Explanation:
a) Data and Calculations:
December 31 December 31 Changes
2016 2015
Cash $8,000 $10,000 -$2,000
Accounts receivable 20,000 15,000 5,000
Inventory 15,000 25,000 -10,000
Prepaid rent 9,000 6,000 3,000
Land 75,000 75,000 0
Plant and equipment 400,000 300,000 100,000
Accumulated depreciation (65,000) (30,000) 35,000
Totals $462,000 $401,000
Accounts payable $12,000 $10,000 $2,000
Income taxes payable 3,000 5,000 -2,000
Short-term notes payable 35,000 25,000 10,000
Bonds payable 75,000 100,000 -25,000
Common stock 200,000 150,000 50,000
Retained earnings 137,000 111,000 26,000
Totals $462,000 $401,000
b) Net income $26,000
Depreciation 35,000
Adjusted cash from operations = $61,000
c) The statement of cash flows can be prepared using either the direct method or the indirect method. The indirect method affects mainly the operating activities section and starts with the net income and adjusts it with non-cash items before considering the changes in the working capital. The statement is a financial statement that classifies the cash flows during the period into three main categories: operating, investing, and financing activities. There are also non-cash flows involving accounts that do not cause any cash flows.
Do mountains last forever?
Answer:
no eventually they die
Answer:
no mountains do not last forever..
Explanation:
the reaseon for that is root wedging and weathering of rocks
1. Merage Company is considering investing in a new project. The project will need an initial investment of $2,100,000 and will generate $1,200,000 (after-tax) cash flows for three years. Calculate the IRR for the project.2. Calculate the payback period:C0 = -2000, C1 = +600, C2 = +1400 and C3 = +5000A. Three yearsB. One year.C. Two years.D. None of the above.
Answer:
1. 32.68%
2 .C. Two years
Explanation:
1. Using Excel or a scientific calculator, you can calculate the IRR which is the discount rate that makes the Net Present Value to equal $0.
= IRR(-2100000,1200000,1200000,1200000)
= 32.68%
2. The Payback period is how long it takes for the cash inflows to pay off the original investment.
Original Investment = -$2,000
After year 1 = -2,000 + 600 = -$1,400
After year 2 = -1,400 + 1,400 = $0
It took 2 years to payback the original investment so Two years is the Payback period.
Price Quantity Demanded by Michelle Quantity Demanded by Laura Quantity Demanded by Hillary$5 5 4 11$4 6 6 13$3 7 8 15$2 8 10 17$1 9 12 19$0 10 14 21If the market consists of Michelle, Laura, and Hillary and the price falls by $1, the quantity demanded in the market increases bya. 2 units.b. 4 units.c. 5 units.d. 3 units.
Answer:
The correct option is c. 5 units.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before the question is answered. See the attached pdf file for the complete question with the sorted data.
The explanation to the answer is now given as follows:
Note: See the attached excel file for the calculation of change in price and Quantity Demanded from the bottom.
From the table in the question and the attached excel file, whenever price changes (falls or increases) by $1, we have:
Change in Quantity Demanded by Michelle = 1
Change Quantity Demanded by Laura = 2
Change Quantity Demanded by Hillary = 2
Total change in quantity demanded = Change in Quantity Demanded by Michelle + Change Quantity Demanded by Laura + Change Quantity Demanded by Hillary = 1 + 2 + 2 = 5 units
From the above calculation therefore, if the market consists of Michelle, Laura, and Hillary and the price falls by $1, the quantity demanded in the market increases by the total change in quantity demanded, i.e. by 5 units.
Therefore, the correct option is c. 5 units.
Income taxes are taxes levied based on the income you earn. In the U.S., income taxes are progressive, which means that people with higher incomes pay a higher percentage of their income in taxes. Some lawmakers advocate a flat tax, in which every income earner pays the same percentage of income in taxes. A flat tax would significantly reduce the paperwork and rules and regulations associated with the income tax. However, changing the tax rules would cause much disruption in the economy as people changed their economic behavior in response to the change in the tax law.
a. True
b. False
Answer: a. True
Explanation:
Generally when tax rules are changed especially so drastically, people will indeed change their economic behavior in response and this will cause disruption in the economy.
In this scenario for instance, a flat tax would be more damaging to the rich that to the poor so a lot of the poor might lose their incentive to work knowing that so much of their earnings are being taken. They may also find ways to avoid paying taxes in general.
During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs to be $25,000. The contribution margin for March is:a. $65,000.b. $90,000.c. $120,000.d. $40,000.e. $25,000.
Answer:
a. $65,000
Explanation:
Calculation for the contribution margin for March
Total sales 160,000
Less total variable 95,000
Contribution margin 65,000
(160,000-95,000)
Therefore the The contribution margin for March is: $65,000
Jeter Corporation had net income of $232,000 based on variable costing. Beginning and ending inventories were 8,000 units and 14,000 units, respectively. Assume the fixed overhead per unit was $6 for both the beginning and ending inventory. What is net income under absorption costing?a. $316,000b. $268,000c. $304,000d. $364,000e. $232,000
Answer:
d. $364,000
Explanation:
Net income under absorption costing is computed as;
= Net income under variable costing + [(Closing inventory - Opening inventory) × Fixed overhead per unit.
Given that;
Net income under variable costing = $232,000
Closing inventory = 14,000 units
Opening inventory = 8,000 units
Fixed overhead per unit = $6
Therefore,
Net income under absorption costing = $232,000 + [(14,000 + 8,000) × $6 ]
= $232,000 + $132,000
= $364,000
Net income under absorption costing is $364,000
Record transactions using a perpetual system (LO6-5) Gamegirl Inc., has the following transactions during August 6 Sold 70 handheld game devices for $200 each to DS Unlimited on account, terms 1/10, net 60. The cost of August the 70 game devices sold was $180 each. August 10 DS Unlimited returned six game devices purchased on 6th August since they were defective. August 14 Received full amount due from DS Unlimited Required: Prepare the transactions for GameGirl, In., assuming the company uses a perpetual inventory system. (If no entry is required for transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 4 Record the sale of inventory on account Note: Enter debits before credits. General journal Credit Date Debit August 06 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record the cost of inventory sold Note: Enter debits before credits. Date General journal Debit Credit August 06 Record entry Clear entry View general journal Journal entry worksheet 3 1 2 4 Record DS Unlimited returning six game devices purchased on 6th August since they were defective. Note: Enter debits before credits. General journal Debit Date Credit August 10 Record entry Clear entry View general journal Journal entry worksheet 2 4 Record receipt of full amount due from DS Unlimited. Note: Enter debits before credits. Date General journal Debit Credit August 14 Clear entry View general journal Record entry
Answer:
GameGirl, Inc.
Journal Entries:
August 6:
Debit Accounts Receivable (DS Unlimited) $14,000
Credit Sales Revenue $14,000
To record the sale of handheld game devices, terms 1/10, net 60.
Debit Cost of Goods Sold $12,600
Credit Inventory $12,600
To record the cost of goods sold.
August 10:
Debit Sales Returns $1,200
Credit Accounts Receivable (DS Unlimited) $1,200
To record the return of six game devices.
Debit Inventory $1,080
Credit Cost of goods sold $1,080
To record the cost of goods returned.
August 14:
Debit Cash Account $12,672
Debit Cash Discount Allowed $128
Credit Accounts Receivable (DS Unlimited) $12,800
To record the receipt on account.
Explanation:
Gamegirl records the transactions in its accounting books as they occur. Journal entries identify the accounts to be debited or credited for each transaction.
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate?The composition of the Fingroup fund portfolio is as follows:Stock shares PriceA 200,000 $35B 300,000 40C 400,000 20D 600,000 25 The fund has not borrowed any funds but its accrued management fee with the portfolio manager currently totals 30,000. there are 4 million funds outstanding ? What is the net asset value of the fund?
Answer:
$10.49
Explanation:
The computation of the net asset value of the fund is shown below:
= (Market value of the assets - market value of the liabilities) ÷ number of oustanding shares
where,
Market value of assets is
= (200,000 × $35) + (300,000 × $40) + (400,000 × 20) + (600,000 × 25)
= $42,000,000
So, the net asset value of the fund is
= ($42,000,000 - $30,000) ÷ (4,000,000)
= $10.49
Crowding out, crowding in, and the twin deficits crowding out The stimulative effect that budget deficits can have on private investment is known as:___________
Answer:
Crowding in.
Explanation:
The stimulative effect that budget deficits can have on private investment is known as crowding in.
This ultimately implies that, crowding in is typically as a result of an increase in government spending leading to an increase in private spending of its citizens living in a particular country.
Generally, crowding is caused due to the contractionary fiscal policy. Thus, this results in economic boom and growth as many investors are encouraged to invest in the country.
Assume the state of Alabama placed a tax on playing cards of 6 cents per pack. If the state generated $48600 in revenue, how many packs of cards were sold?
Answer:
the number of packs of cards sold is 810,000 units
Explanation:
The computation of the number of packs of cards sold is shown below:
Tax revenue = tax per good × goods
$48,600 = 0.06 × Q
Q =$48,600 ÷ 0.06
Q = 810,000
hence, the number of packs of cards sold is 810,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $ 250 $ 5,000 March 5 Sale ($400 each) 15 March 9 Purchase 10 270 2,700 March 17 Sale ($450 each) 8 March 22 Purchase 10 280 2,800 March 27 Sale ($475 each) 12 March 30 Purchase 9 300 2,700 $ 13,200
Answer:
the information regarding the sales was missing, so I looked for similar questions:
The March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase.
Date Transactions Units Unit Cost Total Cost
March 1 Beginning inventory 20 $ 250 $ 5,000
March 5 Sale ($400 each) 15
March 9 Purchase 10 270 2,700
March 17 Sale ($450 each) 8
March 22 Purchase 10 280 2,800
March 27 Sale ($475 each) 12
March 30 Purchase 9 300 2,700 $ 13,200
Cost of good sold under specific identification:
March 5 sale = $250 x 15 = $3,750
March 17 sale = 8 x $270 = $2,160
March 27 sale = 12 x $280 = $3,360
total COGS = $9,270
Ending inventory = $13,200 - $9,270 = $3,930
What is the beta of a portfolio comprised of the following securities? Stock Amount Invested Security Beta A $ 4,000 1.44 B $ 5,000 1.55 C $ 7,500 1.00
Answer: 1.27
Explanation:
The portfolio beta is a weighted average of the individual betas of the composite stocks.
Total amount invested = 4,000 + 5,000 + 7,500
= $16,500
Portfolio beta = (4,000/16,500 * 1.44) + (5,000/16,500 * 1.55) + (7,500/16,500 * 1.00)
= 0.3490909 + 0.469697 + 0.45454545
= 1.27333335
= 1.27
Leia just read that the national debt owed by the federal government is at an all-time high. (Explain any possible impact on the federal government from unexpected inflation.)
Answer:
If the government of the country where Leia is from has a national debt at an all-time high, and at the same time, unexpected high inflation hits, the situation for the government can become extremely dire.
This is because high inflation will lower the value of the domestic currency, which is probably not the currency in which most of of the debt is owed. The proportion of the national debt that is owed in foreign currency will then become more expensive, because more units of domestic currency will be needed to exchange for the foreign currency, rendering the cost of the national debt a lot higher.
Discuss a prominent environmental or sustainability practice employed by a company that you believe has been forward thinking and successful in their efforts. How have their policies impacted the company, society, and the environment?
Explanation:
Sustainability is an increasingly recurrent issue on the world stage, which directly affects companies and the way their resources are used. Society increasingly demands that companies be environmentally responsible, as a way of protecting today's society and future generations, since natural resources are scarce and we depend on them for quality of life.
One company we can cite as an example is GOOGLE, a world-renowned company that promotes its environmental responsibility through its communication channels and adopts sustainable practices like the one announced in 2019, which until 2020 the company will not emit carbon in its products and in 2022 all hardware products used in the company will be made of recyclable materials.
Environmental policies have a positive impact on society as a whole, bringing the issue to the fore and making more and more people responsible for exercising sustainability. For the company, we can highlight the reduction of waste in the production process, adding continuous organizational improvement and better positioning of the company. in the market and for stakeholders.
The general ledger of Pop's Fireworks includes the following account balances in 2021:
Accounts Debit Credit
Cash $21,200
Accounts Receivable 41,500
Allowance for Uncollectible Accounts $2,200
Supplies 6,700
Notes Receivable (8%, due in 2 years) 10,000
Land 85,000
Accounts Payable 12,300
Common Stock 106,000
Retained Earnings 29,900
Service Revenue 124,800
Salaries Expense 70,900
Utilities Expense 24,200
Supplies Expense 15,700
Totals $275,200 $275,200
In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above:
June 3 Provide additional services on account for $7,000. All services on account include terms 2/10, n/30.
June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $5,000.
November 15 Write off customer accounts of $1,500 as uncollectible.
Required:
Record each of the transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answer:
June 3
Account Receivable $7,000 (debit)
Service Revenue $7,000 (credit)
June 8
Cash $4,500 (debit)
Discount allowed $500 (debit)
Accounts Receivables $5,000 (credit)
November 15
Bad Debt $1,500 (debit)
Accounts Receivables $1,500 (credit)
Explanation
The above transactions must be adjusted as they affect our transactions at the reporting date. Remember to grant the cash discount on early settlement of the payment made on June 8. The policy of sales on account is on the terms of 2% cash discount on payments made within 10 days.
You have been texting with your friends trying to make plans for this evening. Your best friend Jocelyn is not sure if she will finish her homework in time to come out, but if she does, she wants to go to a new restaurant on the north end of town that you've both been wanting to try. Another group of friends is going to a restaurant on the south end of town, but you've already been to this restaurant and it was only okay. Overall, you would prefer to go to the restaurant with Jocelyn. But if Jocelyn isn't coming out, you would rather hang out with your friends than stay home. No one is returning your calls, but you need to get on the subway and head into town if you want to do anything this evening. You have to decide whether to head north or south. What can we say about a potential dominant strategy in this game?
Answer:
go north.
Explanation:
The potential dominant strategy in this game is to go north. This can be stated through the concept of dominant strategy, which means that the chosen strategy will be the most appropriate according to someone's perspective, that is, the strategy that will be most beneficial and useful.
In the case of the scenario above, it is possible to affirm that the dominant strategy is to go north because the statement provides information that the general, you prefer to go to the northern restaurant with Jocelyn, so this is configured as the correct option, regardless if the Jocelyn may or may not go, because in a dominant strategy what matters is to choose the most useful option for you, regardless of the actions of third parties.
Determine whether the following bonds payable will be issued at par value, at a premium, or at a discount. a. Evergreen Company issued bonds payable that pay stated interest of 6 1/4%. On the date of issuance, the market interest rate was 6 3/4%.b. Seven Hills, Inc., issued 3% bonds payable when the market rate was 3 3/4%. c. Flagstaff Corporation issued 5% bonds when the market interest rate was 5%. d. The market interest rate is 4%. Rainforest Corp. issues bonds payable with a stated rate of 5 1/2%.
Answer:
b is you answer
Explanation: