Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.

The benefits of an effective anti-aging skincare regimen include retaining skin firmness, refining skin tone, reducing the appearance of fine lines and wrinkles, and increasing brightness and radiance, according to the American Academy of Dermatology.

People in their twenties can begin using anti-aging products in their skin care routines, but those in their forties and fifties may see the most effective results. To protect their skin, everyone should apply a moisturizer and sunscreen with at least 30 SPF every day.

Anti-aging medicine is a developing field of medical science and practice. It addresses the underlying causes of aging and seeks to alleviate any age-related illness. Its goal is to increase the healthy lifespan of people who have youthful characteristics.

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It entails that the organization as a whole can decide which initiatives would best progress the company and support organizational goals, carry those projects out successfully.

The integrated management method is a type of human management that mixes systematic management with unusual human behavior. It is a comprehensive, stage-by-stage idea built on social interactions, agile processes, and sustainable principles.

Coordination of all project components, including deliverables, activities, resources, and stakeholders, is known as project integration management. Project integration management's mission is to make sure that procedures are effective and achieve predetermined objectives.

Thus, It entails that the organization as a whole can decide which initiatives would best progress.

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In Autarka, lobbyists offer many justifications for opposing the importation of wool suits. The employment argument is one of these.

The design, manufacture, and distribution of textiles, including clothing, yarn, and fabric, are the primary concerns of the textile industry. Natural or synthetic raw materials made with the aid of chemical industry products are both acceptable.

The textile sector is the biggest in India, making up 20% of all industrial production. About 20 million individuals have direct employment as a result of it. One-third of the total value of the nation's exports is made up of textile and clothing.

Thus, In Autarka, lobbyists offer many justifications for opposing the importation of wool suits.

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1. Protection of domestic jobs: The textile industry of Autarka might argue that a ban on the import of wool suits would protect domestic jobs in the industry and help boost the economy.

Response: While this is a valid concern, a ban on imports would likely result in higher prices for consumers, which could lead to decreased demand for domestic products. Additionally, it might also result in a decrease in competitiveness for domestic companies and make it more difficult for them to thrive in the global market.

2. Maintaining quality control: The lobbyists might argue that a ban on imports would ensure that only high-quality products are sold in Autarka and that the standards are maintained.

Response: While quality control is important, it can be achieved through other means such as regulations and inspections, rather than through a ban on imports.

3. Promoting domestic production: The textile industry might argue that a ban on imports would encourage domestic production and increase the availability of locally-made products.

Response: While this is a valid concern, a ban on imports might result in decreased competition, which could lead to decreased innovation and progress in the industry. Additionally, it might also lead to higher prices for consumers.

4. Reducing dependence on foreign products: The lobbyists might argue that a ban on imports would reduce Autarka's dependence on foreign products and increase its self-sufficiency.

Response: While self-sufficiency is important, a ban on imports might result in decreased trade with other countries and negatively impact international relations. Additionally, it might limit the availability of foreign products, which could lead to decreased competition and innovation in the domestic market.

5. Supporting the environment: The textile industry might argue that a ban on imports would help reduce the environmental impact of shipping and transportation, as well as support sustainable production practices.

Response: While environmental protection is important, it can be achieved through other means such as regulations and incentives for sustainable production, rather than through a ban on imports. Additionally, a ban on imports might result in increased production in other countries with less stringent environmental regulations.

1 a. The amount of equity at the beginning of the year for Company A is $39,000.

1 b. the amount of equity at the end of the year for Company A is $44,000.

1c. the amount of liabilities at the end of the year for Company A is$31,999.

The ownership stake that shareholders own in a business is referred to as equity.

It is the remaining stake a company has in its assets after liabilities have been subtracted. In other words, equity is the value that would remain for the shareholders after all liabilities and debts have been settled.

The definition of equity can be summed up in the following bullet points:

Reflects the value left over for shareholders after paying off debts and obligations

Represents the net worth of a company

Equity is an important component of a company's balance sheet and is used to measure a company's financial health and stability.

Companies can increase their equity by retaining earnings, issuing stock, or reducing liabilities.

On the other hand, a decrease in equity may indicate financial difficulty and may lead to reduced confidence among investors and creditors.

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1.A financial system is an economic arrangement wherein financial institutions facilitate the transfer of funds and assets between borrowers, lenders, and investors.

2.Finance and Economics are related, but not identical disciplines. Economics studies local or global markets, human behaviour, goods and services, etc. Finance focuses on financial systems and everything related: banks, loans, investments, savings, etc. Both disciplines open the doors to well-paid and in-demand jobs.

3.A financial asset is a liquid asset that gets its value from a contractual right or ownership claim. Cash, stocks, bonds, mutual funds, and bank deposits are all are examples of financial assets.

Under the above circumstances, producing 7 units of cake A and 4 units of B should be baked to maximize revenue. This is solved using the linear programming problem.

Linear programming, also known as linear optimization, is a method for achieving the best result in a mathematical model with requirements represented by linear relationships. A subset of mathematical programming is linear programming.

The objective function is Max 5X1+4X2,

where X1 and X2 are the number of A and B type of cakes baked respectively

Subject to constraints

20X1+15X2<=200

10X1+20X2 <= 150

10X1+5X2 <= 120

and X1, X2 =>0

Solving by graphical method, we get the points ( 10,0) ( 7,4) and ( 0, 7.5)

Putting in the objective function, we get

Value at (10,0) =5x10 +0 =50

Value at (7,4) = 7x5 + 4x4 =51

Value at ( 0, 7.5) = 0+4x7.5 =30

Therefore, the value of the objective function is highest at ( 7,4) producing 7 units of cake A and 4 units of B will yield best profit.

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The graph is attached below.

Answer: As an acronym, AIDA breaks down into the steps required for successful marketing: Attention, Interest, Desire (or, in some variations, Decision) and Action. The AIDA marketing model is a cornerstone of modern marketing, to the extent that missing one step is thought to almost guarantee an unsuccessful result.

Customer care teams utilize written instructions called customer service scripts to confirm and address issues or concerns from customers. A customer service script can be used for talks over the phone, and on social media.

No matter who is at blame, the first thing you want to do when there is a problem is apologised and show empathy. While you want to assist in their problem-solving, you also want to make sure that their worries are acknowledged and taken seriously.

The basic problems of pricing inaccuracies, order mix-ups, and other product-related concerns are covered in the scripts that follow. when a wrong mailing address is typed. It appears that your order was sent to the incorrect address. I apologize for it. Another is being sent to your address, and it ought to show up there within the next week.

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The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.

What do you know about iPencil film?

iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.

So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.

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a) The adjusting journal entries on August 31 to recognize the unrecorded transactions for Haile Resort are as follows:

Account Titles                       Debit      Credit

Insurance Expense          Br. 2,250

Prepaid Insurance                           Br. 2,250

Supplies Expense           Br. 3,900

Supplies                                           Br. 3,900

Depreciation Expenses:

Building                          Br. 2,400

Equipment                        Br. 800

Accumulated Depreciation:

Building                                          Br. 2,400

Equipment                                        Br. 800

Unearned rent revenue Br. 7,600

Rent Revenue                               Br. 7,600

Salaries & Wages Expense Br. 750

Salaries & Wages Payable             Br. 750

Mortgage Expenses     Br. 5,333

Mortgage Expenses Payable     Br. 5.333

b) The preparation of an adjusted trial balance for Haile Resort on August 31 is as follows:

Haile Resort

August 31, 2022

                                                              Debit       Credit

Cash                                                Br. 39,200

Rental Receivable                                  1,600

Prepaid Insurance                                 6,750

Supplies                                                 1,300

Land                                                    40,000

Buildings                                          240,000

Accumulated Depreciation                                     Br. 2,400

Equipment                                         32,000

Accumulated Depreciation                                             800

Accounts Payable                                                        9,000

Unearned Rent Revenue                                             1,600

Salaries and Wages Payable                                         750

Mortgage Interest Payable                                         5,333

Mortgage Payable                                                   100,000

Share Capital—Ordinary                                        200,000

Retained Earnings                                                              0

Dividends                                          10,000

Rent Revenue                                                          181,600

Salaries and Wages Expense         90,350

Utilities Expense                               18,400

Maintenance and Repairs Expense 7,200

Insurance Expense                           2,250

Supplies Expense                             3,900

Depreciation Expenses:

Buildings                                           2,400

Equipment                                           800

Mortgage Interest Expense            5,333

Totals                                       Br.501,483       Br.501,483

Adjusting journal entries are period-end recognition of business transactions to ensure that the matching and accrual concepts of generally accepted accounting principles are followed.

Insurance Expense Br. 2,250 Prepaid Insurance Br. 2,250

Supplies Expense Br. 3,900 Supplies Br. 3,900

Depreciation Expenses: Building Br. 2,400 Equipment Br. 800 Accumulated Depreciation: Building Br. 2,400 Equipment Br. 800

Unearned rent revenue Br. 7,600 Rent Revenue Br. 7,600

Salaries and Wages Expense Br. 750 Salaries and Wages Payable Br. 750

Mortgage Expenses Br. 5,333 Mortgage Expenses Payable Br. 5.333

Haile Resort

August 31, 2022

                                                               Debit       Credit

Cash                                                Br. 39,200

Rental Receivable                                   1,600

Prepaid Insurance                                 9,000 - 2,250

Supplies                                                 5,200 - 3,900

Land                                                    40,000

Buildings                                          240,000

Equipment                                         32,000

Accounts Payable                                                  Br. 9,000

Unearned Rent Revenue                                            9,200 - 7,600

Salaries and Wages Payable                                         750

Mortgage Interest Payable                                         5,333

Mortgage Payable                                                  100,000

Share Capital—Ordinary                                       200,000

Retained Earnings                                                             0

Dividends                                          10,000

Rent Revenue                                                        172,400 + 7,600 + 1,600

Salaries and Wages Expense         89,600 + 750

Utilities Expense                               18,400

Maintenance and Repairs Expense 7,200

Insurance Expense                           2,250 (Br. 9,000 x 3/12)

Supplies Expense                            3,900

Depreciation Expenses:

Buildings                                          2,400 (Br. 240,000 x 4% x 3/12)

Equipment                                          800 (Br. 32,000 x 10% x 3/12)

Mortgage Interest Expense           5,333 (Br. 100,000 x 8% x 8/12)

NB: The mortgage note is dated 1/1/2022 and not 6/1/2022.

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In order to charge your customers a sustainable price, you must consider what the competition is doing if any, allowing your markup to be guided based on that as well as your cost of production. Thus, all things being equal a reasonable price to charge considering input costs is: "$6.89.

Note that the above principle is slightly below the average market price charged by the competition. Thus, reducing your price will help you enter the market.

Note however that the following assumptions have been made:

1) That your product is as good or better than that of the competition

2) That your business is the situation in a location where there are lots of demand for your product.

It is not always a good strategy to compete using price. The best strategy is to get clients into the door with an initial pricing strategy then compete based on differentiation, offering better services than the competition.

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There are three types of income: Earned income (salary, (wages, commissions), Passive income (from rent, royalties and partnership) and Portfolio income (dividends, interest, capital gains on investment).

Earned income:  Earned income is that you have worked for. An earned income is one's salary. If you cease working, your earned income will also end. The more hours put in at work, the more money make.

Passive income: Income produced without your input is referred to as passive income. The revenue is produced by assets purchased or already own. Among these is rental revenue. Rent will always be paid from the real estate own.

Portfolio income: The more accurate portfolio income is capital gains. When you sell an asset for more money than you paid for it, you earn this. The portfolio income is the difference between the selling price and its cost. Among the assets in portfolio could be stocks, real estate, and other investments.

53.89% of India's 179.15 lakh crore GVA, or Indian rupees, goes to the services sector. Having a GVA of Rs. 46.44 lakh crore, the industry sector makes up 25.92% of the economy. While agriculture and related industries account for 20.19%.

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The BHP Tintaya Copper Mine case highlights the importance of corporate social responsibility, stakeholder engagement, and proactive crisis management. Lessons learned from this case include the need for companies to engage with local communities, listen to their concerns, and address any social or environmental issues that may arise. These lessons can be applied to the management practices of other firms by incorporating stakeholder engagement into business strategies, monitoring and others.

2. Managers of BHP’s Tintaya Copper Mine could have analyzed the environment by conducting regular stakeholder engagement and gathering local community feedback. This would have helped to identify any potential social or environmental risks and allowed the company to proactively address them. In addition, monitoring changes in the political, economic, and legal environment would have helped the company prepare for and respond to any potential crises.

3. Managing uncertainty was a difficult task for the executives of BHP’s Tintaya Copper Mine because of the complex and changing nature of the social, environmental, and political risks they faced. Scenario planning can help managers to better prepare for and respond to uncertainty by developing and testing multiple scenarios, which can then be used to inform decision-making and risk management strategies.

4. Key stakeholders in the BHP’s Tintaya Copper Mine case include local communities, government, employees, shareholders, and environmental organizations. To prevent the crisis, it would have been important to collaborate with local communities to understand their concerns and address any social or environmental issues that may arise. Engaging with government and environmental organizations would also have been important to ensure compliance with regulations and to mitigate environmental risks.

5. The important lessons learned from the BHP’s Tintaya Copper Mine case include the importance of corporate social responsibility, stakeholder engagement, and proactive crisis management. By incorporating these lessons into their business practices, companies can improve their reputation and long-term sustainability, while also mitigating social and environmental risks.

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See question below

BHP’s Tintaya Copper Mine Questions:

1.What are the important lessons learned from the BHP’s Tintaya Copper Mine case? How can you apply these lessons learned to the management practices of other firms?

2.Contextual intelligence is an essential managerial skill. How could managers of BHP’s Tintaty Copper Mine have analyzed the environment or its business operations to influence or react to the crisis?

3.For the executives of BHP’s Tintaya Copper Mine, why was managing uncertainty a difficult task? How can scenario planning help you tube manage uncertainty?

4.A stakeholder view of the firm takes into account how multiple groups interact with the firm. Who are the key stakeholders in the BHP’s TINtaya Copper Mine case? Which stakeholders would you have collaborated with to prevent the crisis?

5.What are the important lessons learned from the BHP’s Tintaya Copper Mine case? How can you apply these lessons learned to the management practices of other firms?

Domestic Price of Steel: The domestic price of steel will increase as a result of the export subsidy. This is because the government is paying a certain amount for each ton of steel sold abroad, and this is effectively a form of government support for the domestic steel industry.

Generally, Quantity of Steel Produced: The quantity of steel produced will increase as a result of the export subsidy. This is because the government is providing a financial incentive to producers to increase their production, thereby increasing the supply of steel.

Quantity of Steel Consumed: The quantity of steel consumed will increase as a result of the export subsidy. This is because the increased production of steel will lead to an increase in the supply of steel, which will lead to a decrease in the price of steel. This, in turn, will lead to an increase in the quantity of steel consumed by consumers.

Quantity of Steel Exported: The quantity of steel exported will increase as a result of the export subsidy. This is because the financial incentive provided by the government will lead to an increase in the production of steel, which will lead to an increase in the supply of steel. This, in turn, will lead to an increase in the quantity of steel exported.

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Answer:

When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.

In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.

It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus

As hybrid work spreads out, workplace collaboration keeps developing.

Although asynchronous (or asynchronous) and "same-time" (or synchronous) collaboration modes both have their uses in the hybrid workplace, companies and teams may favour one form over the other.

That's largely due to the fact that many firms have traditionally relied on in-person meetings or real-time collaboration, which has created a "same-time" bias even when new tools make it simple to collaborate across time zones and geographies.

The key to scaling cooperation and supporting employee welfare is selecting the appropriate approach and technology for the job at hand.

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A target market is a group of customers with shared demographics identified as the most likely buyers of a company's product or service.

A target market, also known as a serviceable attainable market, is a segment of a company's functional available market that the company directs its marketing resources and efforts toward. A target market is a segment of a product or service's overall market.

A target market is a collection of potential buyers too who you identify to market your goods or services. Each group could be split up into more compact units. Typically, segments are classified according to age, region, income, and lifestyle.

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A paragraph is defined as “a group of sentences or a single sentence that forms a unit”.

A paragraph is a collection of sentences that elaborate on a single thought. A topic sentence, phrases that reinforce the main idea of the paragraph, and a steady flow are all requirements for an effective paragraph.

A structured, cogent succession of sentences that are each related to the same idea is a paragraph. Almost all of your work that is longer than a few sentences needs to be divided into paragraphs.

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Positive return on investment for higher education occurs when your earning potential exceeds the expense of your education. The ideal decision is (C).

The term "investment" refers to a purchase made with the hope of earning money or increasing one's wealth. Appreciation describes the process of an asset's value rising through time.

When someone invests in a product, they do so with the intention of using it to generate money in the future rather than for immediate consumption.

With order to make an investment, you must always spend some kind of resource today—whether it is money, time, effort, or another asset—in the hope of making a profit that will be higher than what you initially put in.

Utilizing funds today in the anticipation of a future gain is investing.

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Is Goodyear ultra grip tire consider is the shopping product such as

The thing being sold is called a “product.” A product and service market foundation. Items are divided into two categories: industrial products and consumer products. The product is to fulfill the needs of the consumer. There was the based on the commonly are the rules in the government to follow the product management.

During the period of the 1976 and 2015 was the Goodyear ultra production on the shopping product in the focuses on markets and distributes tires, manufactures, and the continuous innovation.

As a result, the significance of the product are the aforementioned.

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To draw a matrix, you must first define your purpose for using this graph, identifying the type of matrix most aligned to demonstrate your data.

Corresponds to the representation of a graph whose function is to organize and relate a set of numerical data through a table of lines and columns in the "m x n" format, where m refers to the lines and n to the columns.

Therefore, a matrix can be used for several specific purposes, in business for example, it can be used as a management planning tool, this being a positive tool for the analytical understanding of a context.

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Generally, the acceptable function of money through the ages are to serve as:

Money solves the problems that the barter system created. Money acts as a medium of exchange, which means it acts as a middleman between the buyer and seller. Instead of exchanging accounting services for shoes, the accountant now exchanges them for money.

This money is then spent on shoes. Money must be widely accepted as a method of payment in markets for goods, labor, and financial capital in order to serve as a medium of exchange.

Its must serve as a store of value. This function of money does not require that money is a perfect store of value. In an economy with inflation, money loses some buying power each year, but it remains money. Third, money serves as a unit of account, which means that it is the ruler by which other values are measured.

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The textile industry of Afghanistan advocates a ban on the import of wool suits, and the related arguments should be regarding environmental pollution, the local community, quality control, national security, and domestic production.

The textile industry has many negative consequences, including environmental pollution caused by its chemicals, the ending of domestic jobs, the quality of the product differing from handmade, and so on.

Hence, the  textile industry of Afghanistan advocates a ban on the import of wool suits, and the related arguments should be regarding environmental pollution, the local community, quality control, national security, and domestic production.

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Answer:

Explanation:

When an individual's income rises, they can buy more expensive products or purchase the products they usually buy in a greater volume. As a result, this causes an increase in demand. Conversely, if incomes drop, then demand is likely to decrease.

The most likely development that would cause the demand for a product to increase is option C.

Where consumer demand for a complementary good increases. A complementary good is a product that is typically used together with another product. For example, if the demand for smartphones increases, it may also increase the demand for phone cases, screen protectors, and other accessories that complement the use of a smartphone.

When the demand for a complementary good increases, it can lead to an increase in demand for the primary product as well. For instance, if the demand for smartphones increases, and consumers also need phone cases and screen protectors to use with their smartphones, they will be more likely to buy both products together. This, in turn, leads to an increase in demand for both products.

On the other hand, options A, B, and D are likely to reduce the demand for a product. A decrease in the number of consumers in a market, a decrease in consumer confidence due to the expectation of falling prices, or a shift in consumer preferences away from the product can all lead to a decrease in demand.

In conclusion, an increase in the demand for a complementary good is likely to cause an increase in the demand for a product, while a decrease in the number of consumers, a decrease in consumer confidence, or a shift in consumer preferences away from the product can reduce demand.

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