The effects of the transactions on the individual accounts are:
a. Increase in cash and Capital by $18,000b. Increase in office supplies of $4,600; increase in liabilities of $2,600; decrease in Cash $2,000c. Increase in prepaid insurance $1,200 and decrease in cash $1,200d. Increase in cash $1,300; Increase in accounts receivable $2,000 and increase in revenue $3,300e. Decrease in cash $2,300; decrease in accounts payable $2,300f. decrease in cash $750; increase in expenses $750g. decrease in cash $100; increase in Drawings $100What was the effect on individual accounts?The cash account will decrease whenever money is used to pay for a good or service and when it needs to pay expenses.
It will increase when there is cash revenue and when there is an investment of capital.
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As the attorney representing the 100 plaintiff employees, give the presiding judge three reasons why the company should be held liable for wrongful termination.
2) As the attorney representing the company, give the presiding judge three reasons why the company should not be held liable for wrongful termination
1)Three reason stated by an attorney on behalf of 100 plaintiff employee regarding why the company was held liable for the termination of 100 employees as follow :
1. The dismissal of the employee is avoidable and termination is not being made due to any faults by the employee.
2. No proper notice is served on employees or no opportunity of being heard is given to any employee.
3. Appropriate compensation has not been given to the employee and 30 days' salary will be given when the employee forgoes his right to go to court against the company.
2) Three reasons stated by an attorney of the Company in front of the presiding judge are as follows:
1. The company has restructured its business as a result of a restructuring plan. Hence future business does not require excess manpower.
2. Company has given the option to employees to opt for a 1-month salary. So that they can search for his job within one month.
3. Computer technology or automation by a computer system is eating out the job of mankind.
3)Considering the above case I would like to take the side of 100 employees as they have not been given sufficient time to search for their next job as well as the company has also not been given any other benefit.
The company might have taken such a restructuring plan to eliminate such 100 employees due to their age or any other factor.
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Lands’ end allows customers buying shirts to choose from a variety of fabrics and types of collar and sleeve based on the customer’s specific measurements, capitalizing on new technologies to mass customize its products and services. This is an example of:.
This is an example of Micromarketing.
What is Micro Marketing?As the name suggests, micromarketing is marketing on a small scale. It is a form of target marketing as well. That means you deliberately develop material that will speak to your targeted client niche rather than putting out advertisements and content with the intention of appealing to everyone. Micromarketing is far more specialized than standard marketing, and its straightforward definition is "targeted marketing to a niche or particular group."
Therefore, Lands’ end allows customers buying shirts to choose from a variety of fabrics and types of collar and sleeves based on the customer’s specific measurements, capitalizing on new technologies to mass customize its products and services, which is an example of Micro-Marketing.
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At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000.
Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416
account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount
previously written off.
Prepare Chan's journal entries for the transactions.
Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal
Many individuals have been to a corner market in a city and noticed soggy lettuce, a moldy cucumber or other far from fresh produce being offered to that community in that specific area. Until now, many may not have known that this is what is referred to as a Food Desert. Why is it that we do not see similar grocery stores in these areas as we do in more rural communities? As a result, what does this do to the health and well-being of the thousands of people living in that community? Discuss Food Deserts in this Discussion Thread focusing on why they exist in the first place and how we can improve the situation for generations to come.
Food deserts are areas where people have limited access to affordable and nutritious foods. The lack of access to healthy food in food deserts can have several negative health consequences. People who live in food deserts are more likely to be obese and have diabetes, and other chronic diseases. They are also more likely to have poor overall health.
They are a major issue affecting millions of people in the United States, particularly in low-income, inner-city, and rural areas.
There are several reasons why food deserts exist. One reason is that grocery stores are less likely to locate in low-income areas because they are seen as less profitable.
This is due to several factors, including the fact that people in these areas tend to have less disposable income, and they may also be more likely to use food stamps or other forms of government assistance to purchase food.
Another reason for food deserts is that zoning laws in some cities make it difficult for grocery stores to locate in certain areas. For example, some cities have zoning laws that restrict the size of stores that can be built in certain areas. This can make it difficult for grocery stores to build large enough stores to be profitable.
There are several things that can be done to improve the situation in food deserts. One is to provide financial incentives to grocery stores to locate in these areas.
Another is to change zoning laws to make it easier for grocery stores to build in these areas. Additionally, community gardens and farmers' markets can help to provide people in food deserts with access to fresh, healthy food.
It is important to address the issue of food deserts because they have a significant impact on the health of millions of people. By taking steps to improve access to healthy food in these areas, we can help to improve the health and well-being of generations to come.
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3 reason why loading and unloading a school bus is dangerous?
is natalie davis actively involved in the decisions of the business woolworths
Yes.
Natalie Davis was appointed managing Director of Woolworths supermarket on October 2012.
Natalie joined the group in July in 2015 as director of customer transformation food group.
Household production, such as baking bread at home, is not included in gdp because it:.
Household production, such as baking bread at home, is not included in GDP because it does not involve a market transaction.
What is GDP?Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
The total amount of money spent during a specific time period by firms, consumers, and the government may be used to compute GDP. It may also be determined by adding up the total amount of money that each economic participant has received. The figure represents an estimate of "nominal GDP" under both scenarios.
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3.
(a)
(b)
(c)
What is Standard Cost?
Explain the two components of Standard Cost Variance.
State two advantages and two disadvantages of Standard Costing.
Answer:
The Standard course duration is the normal duration of the course for a full-time student.
advantages =Standard Costing is used to minimize costs, improve quality, and increase efficiency. It also enables managers to compare actual results with expected results
disadvantage =Standard costs are usually associated with a manufacturing company's costs of direct material, direct labor, and manufacturing overhead. The disadvantages include that implementing a standard costing system can be time consuming, labor intensive, and expensive.
2. Mrs Marta is a financial executive with XYZ Enterprises. Although Mrs Msrts has not had any formal training in finance or accounting, she has a “good sense” for numbers and has helped the company grow from a very small company ($500,000 sales) to a large operation ($45 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Marta feels a little “over his head.” She therefore has decided to hire a new employee with “numbers” expertise to help her. As a basis for determining whom to employ, she has decided to ask each prospective employee to prepare answers to questions relating to the following situations she has encountered recently. Here are the questions.
a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities?
b. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value (Present value) of the note?
The Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
Present Value of Lease and fair valueYear Cash flows PV Factors Discounted cash flow
0-9 800,000 6.75902 5,407,216
10-19 400,000 2.60590 1,042,360
20
Total 6,449,579
Present Value of Lease = $6,449,579
Purchase price = $7,200,000
Based on the above cash flow the company should lease the facility based on the fact that the present value of cash payment of the amount of $6,449,579 is lower that the purchase price of the amount of $7,200,000.
b. Fair value of the note
Using this formula
Fair value of the note=Amount×PVOA
Let plug in the formula
Fair value of the note=$15,000×5.53705
Fair value of the note=$83,055.75
c. Cost of credit
Using this formula
Cost of credit=Discount/(1-Discount)×360/Allowed payment day-Discounted day
Let plug in the formula
Cost of credit=1/(1-100)×360/30
Cost of credit =1/99×360/30
Cost of credit=0.1212×100
Cost of credit =12.12%
The cost of funds which is 10% is lower than the cost of credit which means that the company should not continue the policy but should instead choose the lease.
Therefore the Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
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West College
3880 29 Street NE
CALGARY, ALBERTA, T1Y6B6
TO: Limerick Corp. INVOICE 12-1
2 3880 34 St NW
East Brook, Alberta, July 1, 20XX
Attention: IIene Curan
21 Sessions Scheduled for July $ 42,000.00
G.S.T $ 2,100.00
Due this invoice $ 44,100.00
The journal entry to record this invoice is :
Date Particulars Debit $ Credit$
July 1 Accounts receivables 44100
To Service revenue 42000
To GST Payable 2100
(To record amount billed to customer)
Magazine access is a document of a commercial enterprise transaction in your commercial enterprise books. In double-entry bookkeeping, you make at least two journal entries for every transaction. because a transaction can create lots of adjustments in a commercial enterprise, a bookkeeper tracks all of them with journal entries.
Magazine access is the act of maintaining or making records of any transactions either financial or non-economic. Transactions are listed in an accounting magazine that indicates a company's debit and credit score balances. The journal entry can encompass numerous recordings, every of that's both a debit or a credit.
An example of a journal entry includes the acquisition of equipment by using us of a wherein the equipment account might be debited, and the cash account may be credited.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: How to record this in the invoice
West College
3880 29 Street NE
CALGARY, ALBERTA, T1Y6B6
TO: Limerick Corp. INVOICE 12-1
2 3880 34 St NW
East Brook, Alberta, July 1, 20XX
Attention: IIene Curan
21 Sessions Scheduled for July $ 42,000.00
G.S.T $ 2,100.00
Due to this invoice $ 44,100.00
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Which of the following are required, to perform an “authenticated” scan that only targets “severity 5” vulnerabilities? (choose all that apply)
To perform an “authenticated” scan that only targets “severity 5” vulnerabilities you require a Target host. This is further explained below.
What is Target host?Generally, Any domain from which a request to Target is made is referred to as a host. On a website, the location is almost always the most important element.
In conclusion, You'll need a Target host if you want to run a "authenticated" scan that only looks for "severity 5" vulnerabilities.
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Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Differentiate the type of price control used from other potential price controls, and then formulate reasons as to why governments should be careful when implementing these types of controls.
The two primary varieties of price restrictions are known as price ceilings and price floors respectively.
What exactly are these pricing controls?Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.
Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.
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If you buy a house for $150,000 and anticipate that the market value of the home will increase at 5 percent a year, how much will the house be worth in 14 years?
The house will be worth $296,989.70 after 14 years.
The future worth of the house is computed as
= Present worth x (1 + rate of increase)^time
Given,
= 150,000 x (1 + 5%)^14
= $296,989.70
The present value formula is PV=FV/(1+i)n, where you divide the future value FV by a factor of 1 + I for each period between the present and future dates. Input these numbers in the present value calculator for the PV calculation: The future value sum FV. A number of time periods (years) t, which is n in the formula.
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construction loan avoidable interest
Avoidable interest serves as one that is used in the estimation of interest without expenditure.
What is an avoidable interest?Avoidable Interest can be regarded as the computation that can be used to find the interest when trying to avoid expenditures .
To calculate the Avoidable interest , the equation that can be used is
(the weighted average accumulated expenditures ) *( the proper interest rate)
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The least-squares regression line for predicting the ribeye price from the corn price is y = 4.8188 + 1.3103x
Predict the ribeye price in a month when the corn price was $6.63 per bushel
$13.51 per lb
$14.37 per lb
$8.69 per lb
$12.83 per lb
The price of ribeye is option A. $13.51 per lb using Least Squares Regression
The Least Squares Regression Line is the line that minimizes the sum of the residuals squared. The residual is the vertical distance among the discovered factor and the anticipated factor, and it is calculated with the aid of subtracting.
The regression line is every so often known as the "line of fine fit" due to the fact it's miles the road that suits first-rate while drawn through the points. it is a line that minimizes the gap of the actual rankings from the anticipated rankings.
Ordinary least squares regression is a manner to find the line of satisfactory fit for a fixed of information. It does this by creating a model that minimizes the sum of the squared vertical distances (residuals). The distances are squared to keep away from the problem of distances with a poor signal.
The corn price (x)= $ 6.63
Commodity (ribeye price) = 4.8188 + 1.3103x
= 4.8188 + 1.3103( 6.63)
= 4.8188 +8.687289
= $ 13.506089
= $13.51
Hence the price of ribeye is option A. $13.51 per lb.
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Which action is an example of an expansionary monetary policy?
A. Selling Treasury securities
•
B. Lowering the discount rate
• C. Raising the interest on reserve rate
•
D. Raising the reserve requirement
Answer: B
Explanation:
The three key actions by the Fed to expand the economy include a decreased discount rate, buying government securities, and a lowered reserve ratio.
2. Max z = 3X1 + 5X2+ 4X3 S.t.2X1 +3X2 ≤ 18 2X1 + X2 ≤ 10 3X1 + 2X+4X3 ≤ 15 X1, X2, X3 ≥ 0
Required: Solve the problem and interpret the result?
The interpretation of the result is that the maximum value of the objective function is 29
How to solve and interpret the result?The objective function is given as:
Max z = 3x₁ + 5x₂+ 4x₃
The constraints are:
2x₁ +3x₂ ≤ 18
2x₁ + x₂ ≤ 10
3x₁ + 2x₂ +4x₃ ≤ 15
x₁, x₂, x₃ ≥ 0
Subtract the second inequality from the first
2x₁ - 2x₁ + 3x₂ - x₂ ≤ 18 - 10
Evaluate the like terms
2x₂ ≤ 8
Divide by 2
x₂ ≤ 4
Substitute 4 for x₂ in 2x₁ +3x₂ ≤ 18
2x₁ +3*4 ≤ 18
This gives
2x₁ + 12 ≤ 18
Evaluate the like terms
2x₁ ≤ 6
Divide by 2
x₁ ≤ 3
Substitute 4 for x₂ and 3 for x₁ in 3x₁ + 2x₂ +4x₃ ≤ 15
3*3 + 2*4 +4x₃ ≤ 15
This gives
17 +4x₃ ≤ 15
Evaluate the like terms
4x₃ ≤ -2
Divide by 4
x₃ ≤ -0.5
From the constraints, we have:
x₁, x₂, x₃ ≥ 0
So, we set all negative values to 0
This means that:
x₃ ≤ 0
Substitute these values in the objective function
Max z = 3 * 3 + 5 * 4 + 4 * 0
Evaluate
Max z = 29
Hence, the interpretation of the result is that the maximum value is 29
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b) Upscale hotels in the United States recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the Internet and the telephone, to transact business. Assume a company’s budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. Graphically illustrate how a 20 percent decline in the price of business travel would impact this company’s budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. Suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. Is the company allocating resources efficiently? Explain
It is to be noted that the company is not allocating resources efficiently. See the attached image for the Graphically illustration required.
What is allocation of resources?This is simply the ability to efficiently distribute resources across all aspects of production.
What is the proof that the company is misappropriating resources?MRS is the gradient of the budget line is defined by the change in the Y axis divided by the change in the x axis.
In other words, MRS is the number of units of x that a customer is ready to give up in exchange for units of y.
Note that
the MRS fo the budget line is:
-dy/dx
= -10.6/6.25
= -1.6, that is media 1.6 units of media is given for every unit of business travel.
However, the corporation claims that the MRS is -1, which indicates that for every unit of business trip, they give away one unit of media. In other words, they are paying a price equal to the cost of business travel, resulting in a resource misappropriation.
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Discuss authority and responsibility in principles of management
Answer:
Authority of a manager is the right way of commanding subordinates, issuing orders, and getting the team to comply with them. Further, it is the right of the manager to make decisions and to act or refrain from acting based on his perception of the organization's objectives
Explanation:
In computing the cost of merchandise sold,does each of the following items increase or decrease that cost? (a) Transportation costs,(b) beginning merchandise inventory, (c) purchase discounts, (d) Ending merchandise inventory
Answer: option (d)
Explanation:
If a firm's revenues do not cover its average variable costs, then that firm has reached its _________________ . price taking point shutdown point marginal point opportunity margin
If a firm's revenues do not cover its average variable costs, then that firm has reached its shutdown point.
What is average variable costs?The average variable cost refers to the variable cost per unit of goods or services produced by a firm.
Average variable cost is total variable cost divided by variable input. Variable input is the input that varies with the output. For example, labor is an example of a variable input.
Average variable cost equals:
1.Average total cost minus average fixed cost.
2. Price of the variable input times the quantity of the variable input.
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When a monopolist increases the amount of output that it produces and sells, average revenue.
Monopolists can increase the amount of output and sell easily because they are in no competition, the revenue is also great as their is no competition the price charged is not challenged by any other organization.
What is Monopoly?Monopoly is when there is no competition in the market and the seller is the sole seller of the product or service and therefore all the customers in the market purchase products or services from the said organization.
The organization can charge any price for the products or services as there is no competition the prices are not challenged by the other organizations as the sole seller of the commodity is the organization and this sole seller in the entire market is called a monopoly business.
It is difficult to be in a competitive environment but it is comparatively easier being a monopolist.
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Bearcat uses $1,200 of supplies in 2021. Record the adjusting entry for supplies at its year-end of December 31.
The adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.
What is an adjusting entry?This refers to the journal entry that occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
Hence, in this case, the adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.
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Journal entry for accounting.
1. The number of shares outstanding at the end of the period is 19,604 shares.
2. The total paid-in capital is $726,100.
What is the total paid-in capital?The total paid-in capital is the sum of the total common stock at par value and the paid-in capital in excess (that is, the excess received over the par value).
Data and Calculations:Par value = $25
Total Common Stock = $490,100 ($230,000 + $127,000 + $53,100 + $80,000)
Number of outstanding shares = 19,604 ($490,100/$25)
Thus, the number of outstanding shares can be determined by dividing the total value of the common stock by the par value.
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When the insured knows more about their circumstances than the insurer, there is
A. adverse selection.
B. All of these
C. propitious selection.
D. moral hazard.
E. asymmetric information.
When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.
What is an insurance company?An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:
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how to write memo cash flow statement problems and solutions
Which of the following practices of dispensing single-service items prevents contamination?
The best practices of dispensing single-service items is: To Provide individually wrapped ware.
What is contamination?
Contamination is when something is infected which in turn can cause diseases or foodborne illness.
Hence, The best method on how to dispense single-service items so as to prevents contamination is to provide individually wrapped ware.
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Explain how financial managers can assess the company’s debt structure and determine how reasonable it is.
The use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
What is a debt-to-equity ratio?This refers to the financial ratio of ordinary shareholders' equity and the stake of creditors in a company.
Hence, this use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
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True or false: Personality tests tend to be the best and most useful way to assess someone's personality due to its objectivity and lower potential for bias/human error.
This Andrew is True because personality tests tend to be the best and most useful way.
Answer:
True!
Explanation:
By learning and observing different peoples personalities you can often learn how they're going to act in certain situations.
Q #2. Consider a closed economy with the following equations C = 200+ 0.16Y₁ I = 800 - 40 r G = 1000 L = 0.5Y - 60 r M/P= 700 tax rate = 0.50 (where, C = consumption, I = investment, G = government spending, L = demand for money, real money supply. Yd= disposable income, Y = output/income, r interest rate) find a) Autonomous spending. A (2 point).
Explanation:
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