Answer:
performing landscaping services.
Explanation:
sales has being overcast by 5000
Answer:
When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.
To fix this, send the overcasted amount to the Suspense account and debit the Sales account.
Date Account Title Debit Credit
Sales $5,000
Suspense a/c $5,000
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Which option is typically only used when utilizing self joins?
display name
alias
relationship
primary key
Answer: Relationship
Explanation: Got it right on edge
On December 21, 2020, Sage Company provided you with the following information regarding its equity investments. December 31, 2020 Investments (Trading) Cost Fair Value Unrealized Gain (Loss) Clemson Corp. stock $20,400 $19,300 $(1,100 ) Colorado Co. stock 10,900 9,800 (1,100 ) Buffaloes Co. stock 20,400 20,990 590 Total of portfolio $51,700 $50,090 (1,610 ) Previous fair value adjustment balance 0 Fair value adjustment—Cr. $(1,610 ) During 2021, Colorado Co. stock was sold for $10,350. The fair value of the stock on December 31, 2021, was Clemson Corp. stock—$19,390; Buffaloes Co. stock—$20,900. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2020. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2021. (c) Prepare the adjusting journal entry needed on December 31, 2021.
Answer:
(a) Dec. 31, 2020
Dr Unrealized Holding Gain or Loss- Income $1,610
Cr Fair value adjustment $1,610
(b) During 2021
Dr Cash $10,350
Dr Loss on sale of investment $550
Cr Equity Investment (trading) $10,900
(c) Dec. 31, 2021
Dr Fair value Adjustment $1,100
Cr Unrealized Holding gain or loss - Income $1,100
Explanation:
(a) Preparation of the adjusting journal entry needed on December 31, 2020
Dec. 31, 2020
Dr Unrealized Holding Gain or Loss- Income $1,610
Cr Fair value adjustment $1,610
(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2021
During 2021
Dr Cash $10,350
Dr Loss on sale of investment $550
($10,900-$10,350)
Cr Equity Investment (trading) $10,900
(c) Preparation of the adjusting journal entry needed on December 31, 2021
Dec. 31, 2021
Dr Fair value Adjustment $1,100
Cr Unrealized Holding gain or loss - Income $1,100
Calculation for Fair value Adjustment
Cost FV Profit Unrealized Gain (Loss)
Clemson Corp. stock $20,400-$19,390 =$1,010
Buffaloes Co. stock $20,400-$20,900=-$500
Total portfolio $40,800 $40,290 ($510)
Previous Fair value adjustment $1,610
Unrealized Holding Gain $1,100
($1,100-$510)
Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________.multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore ________.multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________.multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income
Answer:
The Differences between Absorption Costing and Variable Costing
1. variable overhead costs
2. variable and fixed cost distinctions
3. greater than absorption costing net operating income
Explanation:
Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods. Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.
Social media marketing has emerged as an important category of digital marketing Which of the
following describes this?
Answer:
These are the answer choices for the question:
A)Creating and managing long-term arrangements to promote online services on third party websites
B)Using online ads such as banners to achieve brand awareness and encourage clickthrough
C)Monitoring and facilitating customer-customer interaction and participation throughout the webto encourage engagement with a company and its brands
D)None of the above
Explanation:
In general terms, social media marketing promotes a general strategy of customer to customer interaction, and also, a strategy of customer to brand interaction, that is both more direct, and as the world interaction implies, interactive.
The idea is to have customers interact with each other by engaging with the product online, not only through online purchases, but also through commentary, likes, shares, and other forms of social media interaction that can be very effective to expand product and brand awareness, and that promote the growth of the customer base of the company as a result.
Social media marketing has emerged as an important category of digital marketing because it is helpful for creating and managing long-term arrangements to promote online services on third party websites.
What is the term Social media marketing about?
Social media marketing refers to as the marketing that is helpful to promotes a strategy of customer to customer interaction along with a strategy of customer to brand interaction.
Through this customers can interact with each other by engaging with the product online, not only through online purchases, but also through commentary, likes, shares, and other forms of social media.
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The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future.
Question Completion:
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350
Required:
1. What is the balance sheet account for which a temporary difference is created by this situation?
2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)
3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)
Answer:
Times-Roman Publishing Company
1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.
2. Cumulative amount of the temporary difference at year-end:
December 31, ($ in 000s) 2018 2019 2020
Cumulative Temporary Difference $40 $50 $90
3. The balance in the related deferred tax account for each year:
December 31, ($ in 000s) 2018 2019 2020
Deferred Tax Asset (Liability) $10 $2.5 $10
They are all deferred tax assets.
Explanation:
a) Data and Calculations:
December 31, ($ in 000s) 2018 2019 2020
Pretax accounting income $340 $320 $310
Taxable income 380 330 350
Temporary Difference $40 $10 $40
Cumulative Temporary Difference $40 $50 $90
Deferred Tax Asset (Liability) $10 $2.5 $10
a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income. On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.
What does the gross domestic product measure?
A. durable goods
C. value
B. intangible wealth
D. a country's total output
Answer:
A country's total output
Explanation:
Gross domestic product calculates the financial price of the original products and customer services, such that, those manufactured in a nation over a specified period of time which are purchased by the final customer. Every one of the output produced within a nation's territory is counted.
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at Group of answer choices prices at and above the equilibrium price. prices at and below the equilibrium price. prices above and below the equilibrium price, but not at the equilibrium price. the equilibrium price but not above or below the equilibrium price.
Answer:
the equilibrium price but not above or below the equilibrium price.
Explanation:
At equilibrium price, quantity demanded equals quantity supplied. At this point, buyers are able to buy all they want to buy and sellers are able to sell all they want
Above equilibrium price, there would be a surplus. the quantity supplied would exceed the quantity demanded. Sellers would not be able to sell all they want in this case
Below the equilibrium price, there would be a shortage. the quantity demanded would exceed the quantity supplied. buyers would not be able to buy all they want
Where can I watch jersey shore for free
Pls don’t say Y o uTu b e, soap2day, or ps4. If you know any apps that would be great,thanks!
Answer: mtv, sling, cbs, fubo, amazon, and a few others
Explanation: hope it helps and thx for the free points
It is November 1 of Year 1. Sales for Scott Company for November and December of Year 1 and January of Year 2 are forecasted to be as follows: November, 400,000; December 600,000; January, 200,000 100% of sales are credit sales. Of these credit sales, 5% are collected during the month of sale, 25% in the following month, and 65% in the second following month; 5% are never collected. Total sales for September and October of Year 1 were 100,000 and 150,000, respectively. What is the forecasted amount of total cash collections in January of Year 2
Answer:
$420,000
Explanation:
The computation of the forecasted amount of total cash collections for the year 2 is shown below:
= 5% × Jan sales + 25% × December month + 65% × November sales
= 5% × 200,000 + 25% × 600,000 + 65% × 400,000
= $10,000 + $150,000 + $260,000
= $420,000
In the context of marketing management philosophies, a sales orientation aims at
Answer:
In the context of marketing management philosophies, a sales orientation aims at: Pushing manufacturers' products more aggressively to achieve high profits. A production orientation philosophy focuses on: Assessing the resources of a firm.
What are examples of financial goals? Check all that apply.
Skylar wants to pay off her college student loans within five years.
Keegan wants to graduate from high school.
Chance wants to buy a boat.
Genesis wants to learn to speak another language.
Lukas wants to earn at least $40,000 per year.
Courtney wants to join a debate club.
Answer: 1 3 5
Explanation: right
Answer:
edg 2022
Explanation:
Jorge has a new job in an office. Which of the following safety procedures will he most likely need to learn?
Answer: D) How to exit safely in the event of a fire
Explanation:
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answer:ok
Explanation:
While driving home for the holidays, you can’t seem to get Little’s Law out of your mind. You note that your average speed of travel is about 60 miles per hour. Moreover, the traffic report from a radio station states that there is an average of 24 cars going in your direction on a one-quarter mile part of the highway. What is the flow rate of the highway (going in your direction) in cars per hour?
Answer:
dont know sorrrrrrrryrrrrrrrrr
Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?
Answer:
408.611%
Explanation:
8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,000 14,000 16,000 The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material Required: • Prepare production budget. • Prepare direct material budget.
Answer:
Results are below.
Explanation:
First, we need to determine the production budget using the following formula:
Production= sales + desired ending inventory - beginning inventory
Quarter 1:
Production= 10,000 + (0.25*12,000) - 2,500
Production= 10,500
Quarter 2:
Production= 12,000 + (0.25*14,000) - 3,000
Production= 12,500
Quarter 3:
Production= 14,000 + (0.25*16,000) - 3,500
Production= 14,500
Quarter 4:
Production= 16,000 - 4,000
Production= 12,000
Now, the direct material purchase budget:
Purchases= production + desired ending inventory - beginning inventory
Quarter 1:
Purchase= 10,500*4 + (12,500*0.1) - 4,200
Purchase= 39,050 pounds
Quarter 2:
Purchase= 12,500*4 + (14,500*0.1) - 1,250
Purchase= 50,200 pounds
Quarter 3:
Purchase= 14,500*4 + (12,000*0.1) - 1,450
Purchase= 57,750 pounds
Quarter 4:
Purchase= 12,000*4 - 1,200
Purchase= 46,800 pounds
If a door to door salesman refuses to leave your front doorstep unless you buy vacuum this a contract that can be invalidated because it was created under accusations
Answer: What are you exactly looking for here?
Explanation:
DO you know what 407
Answer:
wdym wut 407
Explanation:
What is a main feature of the CERT program ?
Profit margin measures the relation of debt to assets.
True or false?
Answer:
it is false
Profit margin measures the relation of debt to assets. FALSE
Profit margin measures the relation of debt to assets, the given statement is false.
What is profit margin?The profit margin ratio, also known as the return on sales ratio or gross profit ratio, is a measure of profitability that evaluates the relationship between a company's net income and net sales to determine how much net income is made for every dollar of sales produced.
This ratio is used by creditors and investors to assess how well a company can turn revenues into net profits. A business with a very low profit margin would imply that spending are out of control and that management should budget and make cost reductions.
The profit margin ratio can be determined by dividing net income by net sales.
Hence, False is an appropriate response.
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Ravonette Corporation issued 550 shares of $5 par value common stock and 300 shares of $15 par value preferred stock for a lump sum of $18,000. The common stock has a market price of $25 per share, and the preferred stock has a market price of $70 per share. Determine the amount the issuance that should go to each stock (common and preferred).
Answer:
Common stock issue price = 550 shares $5 par value
Common stock issue price = $2.750
Preferred stock issue price = $18,000
Par value of preferred stock = 300 shares * $15
Par value of preferred stock = $4,500
Paid in excess of par value of preferred stock = $18,000 - $4500
Paid in excess of par value of preferred stock = $13,500
What happens when interesting stimulants are removed from the environment?
Answer:
it changes the enviorment drasticly
Explanation:
Assuming the Coase theorem applies, an efficient allocation of a resource will result ... A. only if the government acts to internalize externalities. B. through negotiations between the parties involved. C. only if there are no externalities. D. only if the party responsible for the externality has the property rights. E. only if the party affected by an externality has the property rights.
Answer:
B. through negotiations between the parties involved.
Explanation:
correct answer is through negotiations between the parties involved because According to Coase theory, priority rights are best defined by negotiation between the parties involved and there is no transaction cost in negotiations. The Coase theory states that when transaction costs are low, both parties can negotiate and reach an effective outcome in the presence of an outsider.plzzzzzz help me i need help
On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program includes a total of 12 sessions and two sessions are delivered each month. How much revenue from Mr. Smithe should Fit Co. recognize at the end of March
Answer:
Revenue - March = $160
Explanation:
The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,
Revenue - march = 960 * 2/12 = $160
The Fit Co. can realize revenues of the month of March from Mr. Smith as $160 which is calculate as a half-yearly membership to the receiver i.e., Mr. Smithe and only two sessions will be delivered to him during the month of March.
Mr. Smithe however will be liable to pay the entire amount of $960 as membership fees as only Fit Co. is doing so for the purposes of accounting as the year will change on March 31st.
Mr. Smithe joined the fitness program offered by the Fit co. Mr. Smithe paid for the entire program upfront in full. Mr. Smithe has agreed on the fact that he will get 12 sessions for this price.In 12 sessions totally, the bifurcation of which will be 2 sessions delivered to him each month and hence it can be concluded that the fitness program is half yearly.So for 1 month of service being offered and no liabilities for the month remain by the end of Mr. Smithe, the Fit Co. will have to realize 160 dollars as their revenue for the month ended March.[tex]Revenue\ for\ March=\frac{960}{6}[/tex]
[tex]Revenue\ for\ March = 160\ dollars[/tex]
Hence, the calculation above makes it clear that that Fit Co. is able to realize a revenue of $160 for the month ended March from Mr. Smithe for accounting purposes.
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Brian tried to persuade an unsatisfied customer to take a certain new line of action. After discussing Brian's plan, the
customer voiced his or her dissatisfaction with the new plan as well. What is their next step?
O assessment
negotiation
O competing
following up
Answer:
assessment negotiation
Explanation:
Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%
Answer:
$908,551
Explanation:
Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth
Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000
Present value of the technology = ($158,335/7.78%)/2.24
Present value of the technology = $2035154.241645244 / 2.24
Present value of the technology = $908551.000734483
Present value of the technology = $908,551
You purchased 100 shares of IBM common stock on margin at $130 per share. Assume the initial margin is 50%, and the maintenance margin is 30%. Below what stock price level would you get a margin call
Answer:
$46.43
Explanation:
Calculation for Below what stock price level would you get a margin call
First step is to calculate the Loan amount
Loan amount=(100 shares × $130 × 0.5
Loan amount= $6,500 × 0.5 = $3,250
Now let calculate Stock price level
0.30 = (100P $3,250)/100P
30 - P = 100P - $3,250
30-100P= - $3,250
-70P = -$3,250
P=$3,250/70
P = $46.43
Therefore Below what stock price level would you get a margin call will be $46.43
What is the meaning of ECONOMICS?
Answer:
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Explanation: