The year end adjustment journal entry for unrecorded fees revenue will be as follows: Accounts Receivable A/c Dr. is $14780 and To Accrued Revenue is $14780.
Accrued revenue refers to the revenue that a company has earned but has not yet received payment for. This typically occurs when a business provides goods or services to a customer on credit, with payment expected at a later date. In such cases, the company records the revenue as earned and records it in their financial statements, even though the payment has not yet been received.
Accrued revenue is a crucial aspect of a company's financial records, as it allows for a more accurate representation of the company's financial health. It also provides an insight into the company's cash flow, indicating that a certain amount of cash will be received at a later date. It is essential for companies to keep track of accrued revenue, as it affects the company's financial statements, such as the balance sheet and income statement.
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Complete Question:-
Adjustment for Accrued Revenues At the end of the current year, $14,780 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank.
T/F codes of ethical conduct adopted by businesses and professions often provide for sanctions against individuals who violate the code.
The given statement "codes of ethical conduct adopted by businesses and professions often provide for sanctions against individuals who violate the code" is true. Because these codes typically set out the ethical standards and values that the business or profession expects its members to adhere to.
Violations of the code can lead to disciplinary action, which may include warnings, suspension, or revocation of licenses, depending on the severity of the violation.
The purpose of these codes and the accompanying sanctions is to maintain the integrity and reputation of the business or profession and to ensure that members are held accountable for their conduct. By enforcing ethical standards, businesses and professions can protect the interests of their clients, customers, and stakeholders, and maintain public trust in their operations.
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which of the following is not an example of a theme which unites artistic practice in using new media?
B. Video Game Animation is not an example of a theme which unites artistic practice in using new media
Animation from video games is not an example of a theme that connects artistic use of new media. Video game animation is a type of new media, but it's a particular use of technology that's more frequently employed for enjoyment than for artistic expression.
In order to develop new forms of expression or interact with social, political, or cultural issues, artistic practise in the use of new media often entails investigating and pushing the limits of new media technology. The use of interactive technologies, the study of virtual worlds, the development of interactive installations, or the use of networked communication technologies are some possible themes that might tie these artistic practises together.
Complete Question:
Which of the following is NOT an example of a theme which unites artistic practice in using new media?
A.) Scientific and Industrial Research
B.) Video Game Animation
C.) Political/Cultural Media Activism
D.) The Art System
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You notice that a forklift is starting to sound strange, and this typically indicates the forklift may be going bad. You do not want to stop your work because your team’s performance will suffer as a result. If you fix it now, it will take 10 minutes. However, if it breaks, it will likely take a few hours to fix
A forklift is starting to sound strange, You do not want to stop your work because your team’s performance will suffer as a result. If you fix it now, it will take 10 minutes. However, if it breaks, it will likely take a few hours to fix is soon as possible. Thus, option (d) is correct.
What is forklift?The term forklift refers to the powered industrial truck are the used in the industrial truck to load the raw material. The invention of the 20th century, was the mainly used in the industrial sector.
According to the facts of the case, When driving a loaded forklift on ramps with a 10% gradient or higher, you should always keep the cargo upward, even if it means going in reverse along the ramp. It took a few hours to correct, but it only took 10 minutes.
As a result, the significance of the forklift are the aforementioned.
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Your question is incomplete, but most probably the full question was.
How soon should repairs be made on a forklift?
a. At the next scheduled maintenance time
b. At the end of the operator’s shift
c. Whenever the forklift is not need to perform tasks
d. As soon as possible
Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal good) to increase?
a drought that sharply reduces cotton output
an increase in consumer income
unusually good weather that results in a bumper crop of cotton
a decrease in consumer income
With a (B) increase in consumer income, the equilibrium price and quantity of cotton would increase.
What is equilibrium quantity?Demand and supply forces are balanced at an equilibrium price.
Prices have the propensity to return to this equilibrium unless certain demand or supply characteristics alter.
When demand, supply, or both move or change, the equilibrium price will change.
When a product is in equilibrium quantity, there is neither a scarcity nor a surplus on the market.
When supply and demand cross, the amount of a good that consumers desire to buy is equal to the amount that its manufacturers are supplying.
The equilibrium price and equilibrium quantity would rise with an increase in consumer income.
Therefore, with a (B) increase in consumer income, the equilibrium price and quantity of cotton would increase.
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Complete question:
Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assuming that cotton is a normal good) to increase?
A. a drought that sharply reduces cotton output
B. an increase in consumer income
C. unusually good weather that results in a bumper crop of cotton
D. a decrease in consumer income
g the beginning and ending balances of retained earnings for the year were $90,000 and $105,000, respectively. if dividend payments made during the year were $9,000, determine the net income or net loss for the year. use a negative sign with your answer to indicate a net loss, if appl gicable.
If dividends totaling $9,000 were distributed each year, the operating earnings would be $24,000.
By income, what do you imply?Your earnings are the money you take back home after doing a job. When you find out that your pay should be more than substantial, parenting will thrill you even more. The majority of you profits come from job you've done, however you can also refer to money you earn through investing as earnings
Beginning Retained Earnings- $90,000
Ending Retained Earnings- $105,000
Dividend Payments- $9,000
Ending Retained Earning= Beginning Retained Earning + Net Income - Dividend Payment
$105,000= $90,000 + Net Income - $9,000
$105,000= $81,000 + Net Income
$105,000 - $81,000= Net Income
Net Income= $24,000
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at year-end, zagnut company is beginning its closing process. use the following account balances to demonstrate the closing of its expense accounts. (check all that apply.) account debit credit service fees $10,000 consulting revenue $2,000 supplies expense $700 insurance expense $900 owner, withdrawals $120 multiple select question. credit insurance expense for $900. debit supplies expense $700 debit insurance expense for $900. credit to owner, withdrawals for $120. a credit to income summary for $1,600. a debit to income summary for $1,600. credit to supplies expense for $700.
Zagnut Company should make the following journal entries to show that its expense accounts have been closed: debit supplies expense for $700; debit insurance expense for $900; and credit income summary for $1,600.
What is an expense account?An expense account is a specific category of account in a business's chart of accounts that keeps track of the costs of goods or services consumed during normal business operations. Rent, utilities, supplies, salaries, and insurance are just a few examples of expenses that are frequently incurred as part of a business' operations. As they directly affect a company's net income, expenses play a significant role in its financial statements. A corporation may learn how much it is spending on various costs by tracking and categorising expenditures, which allows it to make wise financial management decisions. Regardless of when the payment is made, according to accounting standards, expenses must be reported in the period in which they are incurred.
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A circular double-stranded DNA molecule contains 4200 base pairs. In solution the molecule is in a B-form helix, with about 10.5 base pairs per turn. The DNA circle has 12 superhelical turns. Part A What is its superhelix density σ?
The superhelical density, σ, of a circular double-stranded DNA molecule is a measure of the degree to which the molecule is overwound or underwound. It is defined as the number of superhelical turns, τ, per unit length of DNA, L.
The superhelical density can be calculated using the following formula:
σ = (τ/L) × (Lk - Tw), where Lk is the linking number, Tw is the twist, and L is the contour length of the DNA molecule. In this case, we are given that the DNA circle has 12 superhelical turns, Lk = 12, and that the contour length of the DNA molecule is L = 4200 base pairs. We also know that the B-form helix has about 10.5 base pairs per turn, so the twist is Tw = 4200/10.5 = 400.
Substituting these values into the formula, we get:
σ = (12/4200) × (4200×10.5 - 400) ≈ 0.034
Therefore, the superhelical density of the circular DNA molecule is approximately 0.034 turns per base pair. This value indicates that the DNA molecule is underwound, as the superhelical density is less than 1. A superhelical density of 1 indicates that the DNA molecule is neither overwound nor underwound.
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graham pharmaceuticals has a quick ratio of 2.00, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current assets of $80,500, and total current liabilities of $28,175. the company reported annual sales of $200,000, and cost of goods sold equal to 75% of sales in the most recent annual report.
Graham Pharmaceuticals replaced and sold its inventory 8.28 times in the previous year.
Inventory turnover: What is it?The rate at which inventory stock is bought, used up, and replaced is known as inventory turnover. The cost of the item is divided by the average inventory for the same time period to determine the inventory turnover ratio. Stronger sales are often indicated by a higher ratio, whilst weaker sales are typically indicated by a lower ratio.
Quick Ratio: What is it?A company's capacity to meet its short-term obligations without having to sell products or look for more money is measured by the quick ratio. The fast ratio is viewed as a more cautious indicator than the current ratio, which counts all current assets as coverage for current liabilities.
The formula below will be used to calculate how often Graham Pharmaceuticals sells and refills its inventory:
Inventory turnover= [tex]\frac{Sales}{Inventory Balance}[/tex]
We must first determine the inventory balance, which is done as follows:
Quick ratio= current assets - inventory / current liabilities
2= $80,500 - inventory / $28,175
$56,350=$80,500 - inventory
Inventory=$80,500-$56,350=$24,150
We'll now count how frequently Graham Pharmaceuticals sells and refills its stock.
Inventory turnover= $200,000 / $24,150= 8.28 times
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The complete question is:
Graham Pharmaceuticals has a quick ratio of 2.00, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current assets of $80,500, and total current liabilities of $28,175. the company reported annual sales of $200,000, and cost of goods sold equal to 75% of sales in the most recent annual report. Over the past year, how often did Franklin Aerospace sell and replace its inventory
the yield to maturity calculation implicitly assumes that all coupon payments received by the bond holder can be reinvested at the _______.
The yield to maturity calculation implicitly assumes that all coupon payments received by the bond holder can be reinvested at the yield to maturity.
What is the Yield to maturity?The yield to maturity (YTM) is also known as book yield or redemption yield of a bond or the other fixed-interest security, such as the gilts, is an estimate of the total rate of return which are anticipated to be earned by an investor who generally buys a bond at a given market price, that holds it to maturity, and receives all the interest payments and the capital redemption on schedule.
Yield to maturity is the internal rate of return. It is the discount rate at which the present value of all the future cash flows from the bond such as coupons and principal, which is equal to the current price of the bond. The yield to maturity is often given in terms of the annual percentage rate (APR), however more often the market convention is followed.
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"Manufacturing an existing product, for example, a computer monitor, to fulfill customer orders is considered a project."True or False
The given statement "Manufacturing an existing product, for example, a computer monitor, to fulfill customer orders is considered a project" is False because Manufacturing the existing product is to work according to the supply curve and demand curve.
The supply curve is the curve which shows the process or steps of the manufacturing product from the raw material to the deliver the product to the consumer.
That's why, Manufacturing an existing product, for example, a computer monitor, to fulfill customer orders because Manufacturing the existing product is to work according to the supply curve and demand curve.
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estimate the model where a one million increase in sales has the same percentage effect on research and development spending
The percentage of revenue that was generated from R&D expenses in a previous time period, such as the previous year, is referred to as "return on research capital," or simply "RORC."
What percentage of total income is spent on research and development?Using the research and development to sales ratio, businesses in the same sector can compare how well they utilize their R&D resources. By dividing R&D costs by total revenue, it is calculated. On a TTM basis, this was determined.
How do you calculate the investment's return in R&D?The return on research capital measures how much money is earned for every dollar invested in research and development over a specific period of time (usually a year). The amount is calculated by dividing the gross profits for the current year, which are typically shown on the income statement, by the R&D expenses for the prior year.
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The complete question is:
What estimate the model where a one million increase in sales has the same percentage effect on research and development spending?
According to the equation, which of the following factors will directly affect a company's ROE? Check all that apply. Financial leverage Efficiency in the use of the firm's total assets Operational efficiency Most investors and analysts in the financial community observe a firm's ROE closely. The ROE can be calculated by dividing the firm's net income by the shareholders' equity, or it can be reduced into the key factors that drive the ROE. Investors and analysts like to focus on these drivers to develop a more holistic image of what is changing within a company. An analyst collected the following fiscal year 2010 data for firms operating in the transportation sector. Use the data to compute the net profit margin (NPM), total asset turnover (TAT), and equality multiplier (EM) values required for a DuPont analysis. Referring to this data, which of the following conclusions is true about the companies' ROEs? Company B's ROE performance results from its terrible profitability and cost-containment performance, and despite its superior asset management productivity performance. Although the three firms exhibit relatively similar efficiencies in managing its asset bases, firm C is marginally better in doing so. Firm A exhibits the lowest debt ratio among the three firms. Compared to firms A and B, firm C exhibits the worst job of managing its operating efficiency by reducing its costs and tax burden.
The factors that directly affect a company's ROE are financial leverage, efficiency in the use of the firm's total assets, and operational efficiency.
ROE is a key financial performance metric that shows how much profit a company generates relative to its equity. Financial leverage, which is the use of debt financing, can increase a company's ROE, but also comes with higher risks. Efficiency in the use of the firm's total assets, which is measured by the total asset turnover ratio, can improve a company's ROE by generating more revenue with less investment. Operational efficiency, which is reflected in the net profit margin, can also improve a company's ROE by increasing profitability. By analyzing these key drivers of ROE, investors and analysts can gain a more complete picture of a company's financial health and potential for growth.
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When a business speaker has presence, audience members tend to respond in which two of the following ways?
They admire the speaker's ideas they become motivated to take action are the ways has presence, audience members tend to respond. A speaker must create arguments that resonate with the audience in order to persuade.
Claim, evidence, and warrant are the three building blocks of an argument. Before providing an answer, pose questions to the audience and let them to place wagers on speaker's they believe to be correct. Reiterate the key ideas at the conclusion of the speech, but encourage the audience to make their own summary. Speeches intended to persuade others "aim to affect their views, attitudes, values, and behaviour."
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Madison was tired of her winter coat, so she sold it to her friend, Marissa. This is an example of ________ marketing.Select one:a. B2Cb. C2Cc. C2Bd. B2Be. BBC
"Consumer to consumer" or "customer to customer" is what C2C stands for, and it refers to a business strategy that promotes private individuals doing business with one another, typically online.
The correct answer is option B. C2C
When a customer buys a product from another customer, C2C refers to the market environment where the transaction is facilitated through a platform or business run by a third party. A business concept known as customer to customer (C2C) allows customers to conduct business with one another, usually online. Auctions and classified ads are two ways that C2C markets are put into practise. As a result of the internet and businesses like eBay, Etsy, and Craigslist, C2C marketing has become increasingly prevalent.
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After much consideration, you have chosen Ireland over Spain for your Study Abroad program next year. However, the deadline for your final decision is still months away and you may reverse this decision. Which of the following events would prompt you to reverse this decision?
The marginal benefit of going to Spain increases.
The marginal benefit of going to Spain is increased by events that force you to reverse that decision.
Marginal benefit is the maximum amount a consumer will pay for an additional product or service. Marginal benefit is also the additional satisfaction that the consumer receives from purchasing an additional good or service. Marginal profit usually decreases as consumption increases.
In general, marginal costs rise for each successive unit produced. Therefore, the producer is willing to increase production only if he receives a higher price for the additional units produced.
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marcos is considering business expansion and buying a local business that provides cleanup and sanitation services for local businesses. in his current business he owns 10 food trucks that serve the greater metropolitan area. if he does buy the sanitation business it would be an example of growing his business through ________.
Marcos is considering business expansion and buying a local business that provides cleanup and sanitation services for local businesses. in his current business he owns 10 food trucks that serve the greater metropolitan area. if he does buy the sanitation business it would be an example of growing his business through vertical integration.
Vertical integration is a business strategy that involves a company expanding its operations into different areas of the supply chain.
In this case, Marcos would be expanding his operations by purchasing a business that provides services related to, but not directly connected to, his current business of running food trucks.
Vertical integration can help a business to diversify its revenue streams, increase efficiency, and reduce costs.
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e journal entry to close all of a company's expense accounts would include a____ (debit/credit) to each of the expense accounts and a corresponding___ (debit/credit) to the income ____(statement/summary) account.
Answer: credit, debit, summary
Explanation:
just did it
The M&M's tagline-Melts in your mouth, not in your hand-was first introduced in 1949. Invented and patented in 1941, Mars, Inc. creates M&M's using a patented hard sugar coating that keeps chocolate from melting in one's hands. This an example of the one feature of the candy that most stands out as different from the competition, which is known as its ___________.
A. brand positioning
B. unique selling proposition
C. stable value
D. understood selling proposition
E. actionable value
This an example of the one feature of the candy that most stands out as different from the competition, which is known as its unique selling proposition.
The marketing tactic of telling clients about the how one's own brand or product is superior to opponents is known as the unique selling proposition (USP), also known as the unique selling point or perhaps the unique value proposition (UVP) in the the business model canvas (in addition to its other values). Early 1940s advertising initiatives that were efficient made use of it. Rosser Reeves of Ted Bates & Company, a trailblazer in tv commercials, came up with the expression. "Differentiation constitutes one of the most critical strategic and tactical tasks in which organizations must continually participate," according to Theodore Levitt, a professor at Harvard Business School. One's "personal brand" is already included in the definition of the phrase.
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FILL IN THE BLANK. In a market where customers conducer competitors to be very similar, it is important to understand ____, which refers to how customers feel or think about various brands.
Understanding personal selling, which relates to how consumers think or feel about distinct brands, is crucial in a market in which customers tend to perceive competitors as being quite similar.
Of the following, which one involves personal selling?One of the typical types of personal selling is door-to-door sales. Sales representatives knock on prospective customers' doors to promote and offer the products/services. They try to get individuals to buy from them by using their strong interpersonal skills.
What is the purpose of personal selling?Publicity, sales promotion, and advertising can all be supported by personal selling. It eliminates the negative effects of sales promotion and advertising. Personal selling supports the advertising message while advertising raises awareness.
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TRUE/FALSE. Countries that are part of the eurozone are allowed to implement their own monetary policies at any given time. Thus, any participating country can solve local economic problems with either fiscal or monetary policies. True False Consider the countries of Estonia and Ireland, both of which are part of the European Union and use the euro as their domestic currency. In 2018, Estonia had an inflation rate of 3.41%, and Ireland had an inflation rate of 0.72%. Suppose at the end of 2018, the European Central Bank (ECB) implements a monetary policy designed to slow economic growth in order to reduce inflationary pressure across the Eurozone, Given the inflation rates of Estonia and Ireland in 2016, Estonia would benefit from this monetary policy than Ireland. As a result, should consider using local policy to solve its local economic problema
This is a false statement because the European Central Bank (ECB) is managing the monetary policy of the European countries.
What are monetary policies?The European Central Bank (ECB) is responsible for implementing monetary policies in countries that are part of the eurozone.
Each participating nation has not had full control over the monetary policy being applied within its borders at any particular time because all countries that are a part of the eurozone are subjected to the monetary policy suggested by the European Central Bank (ECB).
Therefore, countries that are part of the eurozone have limited control over the monetary policies.
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choose the option that is the most appropriate objective for corporate management group of answer choices a.minimizing the company's liabilities b.maximizing market value of the company's shares c.maximizing the current profits of the company d.maximizing the company's market share
The most appropriate objective for the corporate management is maximizing market value of company's shares.
What is market value?Market value refers to the estimated worth of a product, service or asset based on prevailing market conditions. It is determined by factors such as demand and supply, price trends, consumer preferences, and other market-related influences. In real estate, market value is the price a property would likely sell for in a competitive and open market, assuming both the buyer and seller are knowledgeable, willing and unpressured. For stocks and other investments, market value is the current trading price per share on a stock exchange, which fluctuates based on factors such as company performance, market trends, and economic conditions. Market value is an important metric used by investors, appraisers, lenders and other market participants to evaluate the potential return on investment or to determine the worth of a particular product or service.
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Given the following information, calculate the sales dollars needed to achieve the target profit. Target profit after tax $4,500 Fixed costs $2,000 Contribution margin ratio 40% Tax rate 25% O $16,250 O $30,000 O $21,000 O $20,000 4
$20000 is the sales dollars needed to achieve the target profit.
What is the target profit?
A profit target is a set price at which an investor intends to terminate a trade having made a profit.
Investors and technical traders utilize profit targets as a component of numerous trading systems to control risk, and the profit objective can be set using a variety of methods or standards.
Given -
Fixed cost = $2000
Target profit after tax = $4500
Contribution margin ratio = 40%
tax rate = 25 %
sales dollar = fixed cost +{ target profit after tax/ (1-0.25) }
= 2000 + { 4500 / 0.75 }
= 2000 + 6000
= $ 8000 / 0.40
= $20000
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Indicate whether a debit will increase (I) or decrease (D) each of the following accounts listed in items 1 through 15.1. _______ Inventory
The concept is a Debit. It's an entry that results in an increase in means or a drop in arrears on the company's balance distance.
A debit is an counting entry that results in either an increase in means or a drop in arrears on a company's balance distance. In primary account, disbenefits are neutralize by credits, which work in exactly the contrary direction.
Given: increase / decrease
Inventory I
Depreciation I
Liabilities D
Advance Rent I
turnover D
common shares D
Wages paid D
crafting cost I
ancillary expenses I
Equipment I
Complaints I
payment media D
Interest expense I
Interest Income D
Question:
Indicate whether the debit increases (I) or decreases (D) each of the following accounts:
force, deprecation expenditure, Accounts Payable, Prepaid rent, Deals profit, Common stock, hires Outstanding
Cost of goods vended, Utilities Expense, Equipment, Accounts Receivable, Utilities Payable, Interest expenditure, Interest profit
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a company had the following selected balances: account debit credit service revenue $4,000 rental revenue $2,000 wages expense $500 utilities expense $100 owner's withdrawals $80 demonstrate the fourth closing journal entry to close the withdrawals account by selecting the correct answer below. multiple choice question. A. debit income summary $80; credit owner's withdrawals $80 B. debit owner's withdrawals $80; credit owner's capital $80 C. debit owner's capital $80; credit owner's withdrawals $80 D. debit owner's withdrawals $80; credit income summary $80
Debit Owner's Withdrawals $80; credit Income Summary $80 is the right response D.
Which of the following balances in the accounts will match the net profit or loss for the period before it is closed?At the conclusion of each accounting period, all income statement revenue and expense accounts are moved into the income summary account, which is a temporary account.
The owner's withdrawals account balance must be moved to the owner's equity account in the general ledger using the fourth closure entry. This is carried out in order to fairly portray the entire net gain or loss for the time period. Debiting the owner's withdrawals account for $80 and crediting the income summary account for $80 results in the proper entry to terminate the owner's withdrawals account. By doing this, the owner's withdrawals account balance is transferred to the income summary account. The balance is then transferred to the owner's capital account to shut the income summary account.
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We use the VRIS framework to analyze the firm's resources and capabilities. When a resource is assessed to be both valuable and rare, it will _____.
We use the VRIS framework to analyze the firm's resources and capabilities. When a resource is assessed to be both valuable and rare, it will be a core competency of the firm.
Core competencies are the unique and valuable resources and capabilities that a firm possesses and that cannot be easily imitated or surpassed by competitors. Core competencies are what give the firm its competitive advantage and are often the basis of the firm's strategy.
In order to understand the firm's core competencies, it is important to analyze the firm's resources and capabilities. Resources are the inputs the firm uses to create value, such as technology, knowledge, and capital. Capabilities are the processes the firm uses to turn resources into products or services.
To be considered valuable, a resource must be both valuable to the customer and difficult to imitate by competitors. To be considered rare, a resource must be difficult to acquire or develop.
By using the VRIS framework, a firm can identify its core competencies. It is important to note, however, that core competencies are constantly changing in response to the environment and the firm's strategies. The VRIS framework can be used to continually evaluate and update the firm's core competencies so that it can remain competitive.
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In which of the following situations has a company most actively embraced customer-managed relationships?
a) iRobot invites enthusiastic Roomba owners to develop and share their own uses for the company's robotic vacuum cleaner.
b)Toyota develops a marketing presence on social networks and other online communities.
c)American Airlines awards frequent flyer points to returning customers.
d)Best Buy distinguishes between its best customers and its less profitable customers, stocking merchandise to appeal to each group.
e)Paige Premium Denim jeans provide superior quality and perfect fit.
Most actively embraced customer-managed relationships is a) iRobot invites enthusiastic Roomba owners to develop and share their own uses for the company's robotic vacuum cleaner.
iRobot's approach to customer-managed relationships is highly active and engaging. By inviting Roomba owners to develop and share their own uses for the company's robotic vacuum cleaner, they are engaging and empowering their customers.
This encourages customers to take ownership of the product and become more involved in the product lifecycle. Additionally, iRobot is able to leverage their customer's knowledge and creativity to create innovative solutions.
This provides them with valuable feedback and ideas on how to further improve the product and better meet customer needs. This type of customer-managed relationship demonstrates a deep commitment to customer satisfaction and creates a strong bond between the company and its customers.
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As of December 31, Year 1, Flowers Company had total assets of $70,000, total liabilities of $21,000, and common stock of $35,000. The company’s Year 1 income statement contained revenue of $12,000 and expenses of $7,000. The Year 1 statement of changes in stockholders’ equity stated that $800 of dividends were paid to investors.
a. Determine the before-closing balance in the Retained Earnings account on December 31, Year 1.
b. Determine the after-closing balance in the Retained Earnings account on December 31, Year 1.
c. Determine the before-closing balances in the Revenue, Expense, and Dividend accounts on December 31, Year 1.
d. Determine the after-closing balances in the Revenue, Expense, and Dividend accounts on December 31, Year 1.
f. On January 1, Year 2, Flowers Company raised $18,000 by issuing additional common stock. Immediately after the additional capital was raised, Flowers reported total stockholders' equity of $67,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 1?
Select any business organization and make environmental (Internal & External) assessment; determine the critical success factors (Strengths, Weaknesses, Opportunities and Threats) and recommend the organization according to the results of your assessment. Select any business enterprise you want and consider its offerings. Analyze the enterprise’s offerings in terms of customer value hierarchy (levels of product: core benefit, actual product, expected product, augmented product and potential product). Select any real advertising strategy (magazine, newspaper, tv, radio, display) for a given organization. Assess and evaluate the strength and weakness of that ad and recommend the alternative possible solutions to make it perfect and recommend the organization according to the results of your assessment.
You should choose to carry out an internal and external environmental assessment of a company that you identify with, research more about it and explain its strengths and weaknesses, opportunities and threats.
What is SWOT analysis?It is a management tool that helps an organization determine its situation in the internal and external environment, leading to an analysis of strengths, weaknesses, opportunities and threats, expanding its view of the market, its characteristics and values.
Therefore, you can conduct your environmental assessment based on company characteristics such as offerings, customer value, marketing and other characteristics that contribute to your market positioning.
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3. effects of rent control rent controls require that landlords set apartment prices below the equilibrium price level. an immediate effect is an apartment rental shortage (excess demand for apartments), because at the regulated price the quantity of apartments demanded is greater than the quantity supplied. when landlords are prevented by cities from charging market rents, which of the following listed outcomes are common in the long run? check all that apply. efficient use of housing space results. nonprice methods of rationing emerge. landlords earn lower profits from renting housing units, but the rent charged has no effect on either the quantity or quality of rental units. the quality of rental housing units falls.
Option (b) and (d), When cities prohibit landlords from collecting market rents, these are frequent long-term effects.
Develop rationing tactics without prices.There aren't as many rental homes available.What does scarcity rent in economics mean?"Scarcity rent" is the term used to describe the usage fee assessed when the supply of homogeneous land is limited in relation to the demand. If all land is homogeneous yet there is an excess demand for land, all the land will create economic rent because it is scarce.
The long-term viability of economic rentEconomic rent is the extra sum paid for a production factor over and above its price to bring it into production. Due to the lack of available land, the supply is inelastic, which means that an increase in price of, say, 25% has no impact on the availability of goods and services. As a result, the possibility of making rent is long-term.
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if your wage doubles at the same time as the consumer price index goes from 100 to 300, your real wage
If your wage doubles at the same time as the consumer price index goes from 100 to 300, your real wage will remain the same. The increase in your nominal wage will be offset by the increase in the price level.
The real wage is the purchasing power of a wage, which is determined by the number of goods and services that it can buy.
It is calculated by dividing nominal wage (the wage rate before taking inflation into account) by the consumer price index. In the case given, the wage rate has doubled and the consumer price index has tripled.
This means that, although the nominal wage has increased, the cost of goods and services has increased by a much larger amount.
Therefore, the real wage remains the same because the increased wage is offset by the increased cost of goods and services.
In other words, the wage increase has been effectively canceled out by the increase in the price level. Therefore, the employee is not in a better financial position than they were before.
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