Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.
What is Periodic inventory method?Periodic inventory method can be defined as the process where inventory are recorded periodically.
Based on the information given the balance in Dent's Inventory account at June 30 will be $170,000 which is the beginning inventory balance reason being that under the periodic inventory method inventory are not record as the occur but are recorded at the end of accounting period.
Inconclusion under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.
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Table 1 shows the financial position of the Smithville Bank once $4895.00 has been deposited. Assume that the required reserve ratio is 5.00%. The bank manager decides to lend Billy Bob Smith all of the bank's excess reserves. Billy Bob takes the funds to Eula Mae's Used Machines and buys a pickup truck. Eula Mae then deposits the money in her account back at the Smithville Bank. Table 2 should show the bank's accounts after the loan is made and the funds again deposited.
Table 1: Original Assets and Liabilities
Assets Liabilities
Reserves: $4895.00 Deposits: $4895.00
Table 2: Original Assets and Liabilities after Bank Makes a Loan
Assets Liabilities
Reserves:? Deposits: ?
Loans" ?
1. What are the bank's loans in Table 2?
2. What are the bank's reserves in Table 2?
3. What are the bank's deposi
Based on the details given in the table, the following are true of the Smithville Bank:
Bank loans are $4,650.25.Bank reserves are $4,895Bank deposits are $9,545.25.What are the bank loans?These can be found as:
= Amount deposited x ( 1 - required reserves)
= 4,895 x (1 - 5%)
= $4,650.25
What the bank's reserves?The bank's reserves are the same as the new deposits without the reserve requirement being taken.
This leaves it as the amount that was deposited of $4,895.
What are the bank's deposits?This is found as:
= Initial deposit + Loan created
= 4,895 + 4,650.25
= $9,545.25
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Seema is heading into her junior year of high school and received a large financial gift from her grandmother. She kind of wants to buy some new clothes, but she has a financial goal of saving for her college education, but she also wants to be able to buy a used car to get her to and from campus. What should Seema do with the money she's received?
Based on the given information Seema should deposit the money into a savings account.
What is savings account?A savings account is an account that allow a person to save while you earn an interest on the saved amount.
Since she has a financial goal of saving for her college education the best choice is for her to open a saving account and deposit the money given to her by her grandmother into the saving account as this will help her to achieve her set goal.
Inconclusion Seema should deposit the money into a savings account.
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Which depreciation method generally results in the lowest net income for the first year a plant asset is utilized?.
The double declining-balance is a depreciation method generally results in the lowest net income for the first year a plant asset is utilized.
What is double declining balance (DDB) method all about?The double declining balance method can e explained as type of declining balance method that uses double the normal depreciation rate.
Some of the Depreciation rates used are;
150%, 200% (double) 250% of the straight-line rate.Learn more about double declining balance (DDB) method at:
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Foreign companies with manufacturing plants that are allowed to operate in Mexico with special privileges in exchange for employing Mexican citizens are known as _______. Multiple choice question
Answer:
It is Maquiladoras
Explanation:
hope this helps.
Answer:
I think it is Maquiladoras ...........
Introduce word trade organisation. What are the functions of it?
How does starbucks make their product different than their competitor like Dunkin’ Dounts and mcdonald’s (examples of similar products) please answer
Answer: they make "COFFEE"
Explanation: "COFFEE"
intro to business edmentum notes for unit 3 and 4? vv high points
Answer:
The notes can be found on brain.com someone is giving out the notes
Explanation:
I don't remember his name but if you ask nicely then them notes will be yours.
All of the following costs should be charged against revenue in the period in which costs are incurred except for costs from idle manufacturing capacity resulting from an unexpected plant shutdown. manufacturing overhead costs for a product manufactured and sold in the same accounting period. costs of normal shrinkage and scrap incurred for the manufacture of a product. costs which will not benefit any future period.
The cost which SHOULD NOT be charged against revenue in which costs are incurred is d. costs of normal shrinkage and scrap incurred for the manufacture of a product in ending inventory.
What is Cost?This refers to the price of something which is used to produce a particular good and there are different costs.
With this in mind, we can see that when charging against revenue, it is important to add the manufacturing overhead costs, costs from idle manufacturing capacity but adding the costs of normal shrinkage is not needed.
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Which type of Financial Aid am I? I am given to students who come from lower-income families and I do not need to be repaid. *
An official accounting statement that helps to explain the change in cash and cash equivalents is called the ____
Answer:
An official accounting statement that helps to explain the change in cash and cash equivalents is called the statement of cash flows.
Explanation:
Pls, choose me as brainliest!
An urban center that is disproportionately larger than the second largest city in a country and that dominates the country’s social, political, and economic activities can be best classified as.
A primate city is an urban center that is disproportionately larger than the second largest city in a country and that dominates a country's social, political and economic activities.
How are primate cities developed?Some factors that contribute to the development of a city in relation to others are related to:
UrbanizationEconomic opportunitiesPolitical centralizationIndustrializationTherefore, some primate cities, such as Paris and Bangkok, are cities that show great social and economic development, in addition to being target cities for internal migration.
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Which of the following items are reasons to acquire debt?
A. Default
B. Keep emergency cash available
C. Establish credit history
D. Both keeping emergency cash available and establishing credit history
The reasons to acquire debt is: D. Both keeping emergency cash available and establishing credit history
What is debt?Debt means to borrow money from a lender in which the borrower is expected to pay at a due date.
The reason why a person or an individual should borrow money is to have available cash in case of emergency or unforeseen circumstance so as to have something to fall back to and to as well establish credit history in a case were you intend to borrow another money in the future.
Therefore The reasons to acquire debt is: D. Both keeping emergency cash available and establishing credit history
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#SPJ1
Answer:
D.) Both keeping emergency cash available and establishing credit history
Explanation:
I got it correct on founders edtell
A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable
A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
What is a promissory note?A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.
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Keisha is renting a one-bedroom apartment but allows her best friend to move in and pay $200 per month to sleep on the couch for the summer while she is between jobs. The apartment is burglarized one afternoon when they are both out, and the thief steals both of their laptops, Keisha’s TV, and her best friend’s wireless headphones. What will the insurance company cover?
a. None of these items
b. Keisha’s laptop and TV only
c. Keisha’s laptop and TV and 10% of the cost of her friend’s laptop and headphones
d. Keisha’s laptop and TV and her friend’s laptop and headphones
Answer:
It would be A. None of these items.
Explanation:
Insurance would never cover a TV, headphones, and two laptops.
Vhich of the following is a description of a pullback device?
a) Device that uses cable attached to hands which allows access to the point of operation when the slide/ram is up and automatically
withdraws hands when the slide/ram begins to descend.
b) Device with a probe or contact bar which descend a specific distance when the machine is started.
c) Device that requires simultaneous pressure by the operator to the controls, set away from the danger area, to activate the machine.
d) Device that uses cables or straps attached to the hands at a fixed point that allows movement within a specific safe area.
Answer:
Explanation:
A
In industrial economies, the term alienation is used to describe a situation in which a worker has produced something but :__________ a) is bullied by coworkers and therefore feels like an outsider. b) cannot expect to be paid an adequate wage for the work that was done. c) sees it shipped overseas, to be used by foreign aliens. d) sees that product as belonging to someone else, rather than to the man or woman whose labor actually produced it.
When a person is said to suffer alienation in industrial economies, it means that the worker produced something but d) sees that product as belonging to someone else, rather than to the man or woman whose labor actually produced it.
What is alienation?This is a process when whereby a person makes something but is made to feel as though it isn't theirs.
In other words, they begin to look at the very thing they produced as belonging to someone else instead of them who were the ones who actually produced the good.
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This tectonic plate pushes against the Eurasian plate to form the Alps and other geographical features
Answer:
African
Explanation:
a straight line passes through the point (3,7) and its Y intercept is 5 times that of X intercept find its equation
Explanation:
usual line equation :
y = ax + b
a being the slope (the ratio "y coordinate change / x coordinate change" when going from one point on the line to another). and b being the y intercept (the y value when x = 0).
the x intercept is the x value when y = 0.
so,
y = a×0 + b = b
and
0 = ax + b
ax = -b
x = -b/a
b = 5 × -b/a
we have the 2 points (0, b) and (-b/a, 0).
the slope is then (b-0)/(0 - -b/a) = (-5b/a)/(b/a) = -5
to get b we use the given point in the line equation :
y = -5x + b
7 = -5×3 + b = -15 + b
22 = b
so, the full line equation is
y = -5x + 22
2) Match the scenarios with the ethical frameworks. Certain-Tees, Inc., executives believe in absolute values including the wise use of resources and fair treatment of employees. Therefore, they only sell T-shirts made of natural, renewable resources and require suppliers to follow strict guidelines in caring for employees. The goal of Sahara, Inc., is to become the world's largest online retailer. This will create many new jobs and provide a good return to investors. The owners of Positron Auto Parts rely heavily on cultural aspects to define ethical practices in each country where the company operates. Perfect Paper executives focus on keeping costs low in order to provide paper towels and toilet paper to all Americans at affordable prices.
Explanation:
1. As in the case of Certain-Tees, Inc., their approach follows The Fairness or Justice ethical framework. This ethical framework involves the basic belief that everyone or everything should be treated or done fairly.
2. As in the case of Sahara, Inc., and Perfect Paper executives, their approach follows the Utilitarian ethical framework. Which is the belief in doing what brings the greatest or most good to the majority.
3. As in the case of Positron Auto Parts, their approach follows The Common Good ethical framework, which relies heavily on cultural aspects to define ethical practices.
Why do you think they recommend saving 3-6 months’ of expenses in your emergency fund?.
It is recommended to save 3-6 months’ of expenses in your emergency fund so as to have temporary holdover and ample time to find another job.
What is Emergency fund?Thus us defined as a bank account with money set aside to pay for unexpected expenses.
Unexpected expenses could be repair of vehicles or loss of jobs which it is safe to save 3-6 months’ of expenses in your emergency fund.
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A company has the following activities and costs: machine setup of $5,000 per setup and factory services of $100 per square foot. If product 1 uses 2 setups and has 10,000 square feet, overhead allocated to product 1 is $
Answer:
1010000
Explanation:
If you have a favorable sales volume variance, what must be true?.
Answer:
higher actual revenue than the standard revenue
Explanation:
True or False: Producers benefit most from falling production costs when the demand for flat-screen TVs is very elastic.
Bilos Co. purchased a patent on a newly developed technology. They will recognize the cost of this patent:
Answer:
over the asset's life using amortization expense
Explanation:
The Department of Transportation built a new highway interchange outside of Raymond's town. Many of the businesses are suffering because the amount of traffic in town has been reduced. This is forcing employers to reduce their number of employees. What factor that affects the labor market is represented in this situation? a. World event b. Government action c. Social change d. Population shift
Answer: Government action
Explanation:
Government action simply means the approval, consent or authorization by the government for a particular thing to be done.
In this case, we are informed that the Department of Transportation built a new highway interchange outside of Raymond's town and this brought about traffic. This is an example of government action as the highway interchange built is the function of the government.
Answer:
pretty sure its b government action
Explanation:
sorry if im incorrect
You purchased 100 shares of Granny Smith stock one year ago. You purchased your stock at $157.21 per share. You earned $232 in dividends this year. If you sold your all your shares today at the current market value of $217.58 per share, what would you rate of return be for the year
The rate of return for the year from the purchase of 100 shares of Granny Smith stock a year ago is 39.88%.
What is the rate of return?An investment's rate of return is the net gain over the specified period.
The return or net gain (Revenue - Cost) is usually expressed as a percentage of the investment's initial cost.
Data and Calculations:Numer of shares purchased = 100
Cost price per share = $157.21
Total cost of purchase = $15,721 ($157.21 x 100)
Dividends for the year = $232
Current price per share = $217.58
Total returns or net gain = $6,269 ($217.58 - $157.21 x 100 + $232)
Rate of return = 39.88% ($6,269/$15,721 x 100)
Thus, the rate of return for the year from the purchase of 100 shares of Granny Smith stock a year ago is 39.88%.
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What does Expected Family Contribution mean?
Answer:it means that
Explanation: In the post-secondary education system of the United States, an expected family contribution is an estimate of a student's, and for a dependent student, their parent' or guardian', ability to pay the costs of a year of post-secondary education
what is y=x^3+7x^2+14x+8
Answer:
x=−2,−1,−4
Explanation:
you need to be more specific in what you want. These are the zeros for the problem
Identify 3 duties you would expect a bookkeeper to perform
Answer:
1. Maintain accurate financial records
2. Pay suppliers, customers, and debts on time
3. Ensure the prompt collection of receivables
Missy's company just went through the process of downsizing. missy retained her job, but now she has a much heavier workload. since the layoffs, missy has been worried about her future and more reluctant to take risks on the job. missy is showing the symptoms of ________.
a) unemployment anxiety.
b) survivor's syndrome.
c) downsizing disorientation.
d) downsizing anxiety.
e) employee depression.
Answer:
b
Explanation:
It is survivors syndrome