A) All debit balances will be equal to all credit balances; B) all permanent accounts with a balance in the general ledger will be included; and E) the net income or loss for the period will be included in the capital account .
What is a Post-Closing Trial Balance?A list of all balance sheet accounts with balances that are not zero at the end of a reporting period is called a post-closing trial balance. The post-closing trial balance is used to make sure that all credit and debit balances are equal, or that they should all be zero. Since these temporary accounts have already been closed and their balances moved into the retained earnings account as part of the closing process, there are no revenue, expense, gain, loss, or summary account balances in the post-closing trial balance.
Set a flag to prevent additional transactions from being recorded in the previous accounting period and begin recording accounting transactions for the subsequent accounting period after the accountant has verified that the total of all debits and credits in the report is the same number. One of the final steps in the period-end closing process is this one.
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Help Alice and Alan determine if they should itemize or take the standard deduction (and for how much) in 2018. They had the following expenses: $10,000 tithes/offerings, $8,000 state income taxes, $4,000 property taxes, and $3,600 mortgage interest. (see practice problem 2)
Alice and Alan should should itemize the standard deduction by $25,600 in 2018.
To determine whether Alice and Alan should itemize or take the standard deduction in 2018, we need to compare their total itemized deductions to the standard deduction for their filing status.
For married filing jointly in 2018, the standard deduction was $24,000.
Their itemized deductions are:
$10,000 tithes/offerings
$8,000 state income taxes
$4,000 property taxes
$3,600 mortgage interest
Total itemized deductions: $25,600
Since their itemized deductions exceed the standard deduction, Alice and Alan should itemize their deductions on their tax return for 2018.
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Ursula's done some research at home and opens her laptop to a description of Walmart's check
cashing service. "This is what I'm going to do going forward. $3! That's it! $3!!!"
When an individual is performing research it means a collection of data took place in order to form any conclusion based on the subject.
What is Research?Research is the in-depth examination of information and data to provide credentials with facts and numbers to produce outcomes that will be used for fresh research.
In the given case, the context was incomplete so it assumed that the individual is preparing a document based on the description of Walmart's check cashing service.
Based on the data gathered, it can be said that Walmart's check cashing system enables customers to immediately receive their money when they cash their checks using their check cashing system.
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Which of the following, in the context of contract formation, is not an accurate statement about fraud?
A. If a contract is based on
fraud, a mutual
understanding cannot exist.
B. Fraud requires a
misrepresentation of fact.
C. If fraud is committed, the
injured party can avoid the
contract and ask for
consideration to be
returned.
D. An injury must occur
because of one's party's
reliance on the fraud.
E. Intent is not one of the
most important elements
of fraud.
Option E. Intent is not one of the most important elements of fraud is not an accurate statement about fraud in the context of contract formation.
What is an intent?Intent generally refers to a mental state or a purpose to act in a certain way. It is the conscious decision or desire to perform a particular action or to achieve a specific outcome.
Intent can be a crucial element in various legal contexts, such as in criminal law, where a person's intent to commit a crime can determine the severity of the charges and the potential penalties. In contract law, intent may refer to the state of mind of the parties in entering into an agreement, particularly with regard to their understanding of the terms and their willingness to be bound by them
Intent is a crucial element of fraud, as it requires a deliberate and knowing misrepresentation or omission of fact with the intent to induce another party to enter into a contract. The other statements are accurate in the context of fraud in contract formation.
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jonas is a whole life insurance policyowner and would like to add coverage for his two children. which of the following of the following products would allow him to accomplish this
Jonas is a whole life insurance policyowner and would like to add coverage for his two children. Child term rider products would allow him to accomplish this.
Option A is correct.
How does Whole Life Insurance work?A whole life insurance policy is a kind of permanent life insurance that covers you for the rest of your life. Although the cost of the premiums is typically higher than it would be for a term plan, purchasing this insurance policy might pay off in the long run.
What advantages does whole life insurance provide?The long-term growth of your family's wealth can be aided by whole life insurance, which increases cash value, provides permanent coverage, and builds wealth. Additionally, these policies provide more guarantees than other types of coverage, making them a viable option for many individuals.
Is there a major drawback to having whole life insurance?Compared to term life insurance, whole life is typically more expensive than universal life insurance. Long-term investments like whole life can take years to accumulate cash value.
Question incomplete:jonas is a whole life insurance policyowner and would like to add coverage for his two children. which of the following of the following products would allow him to accomplish this
A. Child term rider
B. Child term insurance
C. Life term insurance.
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In 2017, the United States exported approximately $500 million of beef to Mexico, and Mexico exported approximately $500 million of beef to the United States. Which of the following best explains this international supply chain?
answer choices
O United States consumers prefer to purchase specialty products made from beef raised in Mexico.
O Mexico depends on beef imports because domestic beef production is too low.
O United States and Mexican producers rely on each other’s market to sell certain beef products.
O The United States and Mexico have an agreement to evenly exchange beef products.
The United States and Mexican producers rely on each other’s market to sell certain beef products of the following best explains this international supply chain. The correct option is C.
What is the role of international supply chains?A company can benefit greatly from global supply chain management. It enables the organization of business processes through the use of international organizations. Companies can respond quickly to unexpected market conditions, improve transportation strategies, reduce costs, and eliminate waste.
Supply chain management (SCM) is the management of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer. The product flow, information flow, and financial flow are the three main supply chain flows.
Thus, the ideal selection is option C.
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crystal charm company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. each charm is adorned with two crystals of various colors. standard costs follow: standard quantity standard price (rate) standard unit cost silver 0.25 ounce $ 20.00 per ounce $ 5.00 crystals 2 $ 0.25 crystal 0.50 direct labor 1.5 hours $ 15.00 per hours 22.50 during the month of january, crystal charm made 1,800 charms. the company used 420 ounces of silver (total cost of $9,240) and 3,650 crystals (total cost of $803), and paid for 2,880 actual direct labor hours (cost of $42,480).Required:1. Calculate Crystal Charm’s direct materials variances for silver and crystals for the month of January.2. Calculate Crystal Charm’s direct labor variances for the month of January.
According to the given question, answers are given below of all parts.
What exactly is a "material variance"?The variation between the actual makeup of a combination and the conventional mixture is what is referred as the materials mix variation, which is a component of the mechanical and physical properties variation.
Direct Materials Variances:
a) Silver:
Total actual cost of silver = Actual quantity of silver used x Actual price
Total actual cost of silver = 420 ounces x $20.00 per ounce = $8,400
Total standard cost of silver = Standard quantity of silver x Standard price
Total standard cost of silver = 1,800 charms x 0.25 ounce per charm x $20.00 per ounce = $9,000
Silver price variance = Total actual cost of silver - Total standard cost of silver
Silver price variance = $8,400 - $9,000 = -$600 (favorable)
Silver quantity variance = (Actual quantity of silver used - Standard quantity of silver allowed) x Standard price
Silver quantity variance = (420 ounces - 1,800 charms x 0.25 ounce per charm) x $20.00 per ounce
Silver quantity variance = (420 ounces - 450 ounces) x $20.00 per ounce = -$600 (favorable)
b) Crystals:
Total actual cost of crystals = Actual quantity of crystals used x Actual price
Total actual cost of crystals = 3,650 crystals x $0.25 per crystal = $912.50
Total standard cost of crystals = Standard quantity of crystals x Standard price
Total standard cost of crystals = 1,800 charms x 2 crystals per charm x $0.25 per crystal = $900
Crystal price variance = Total actual cost of crystals - Total standard cost of crystals
Crystal price variance = $912.50 - $900 = $12.50 (unfavorable)
Crystal quantity variance = (Actual quantity of crystals used - Standard quantity of crystals allowed) x Standard price
Crystal quantity variance = (3,650 crystals - 1,800 charms x 2 crystals per charm) x $0.25 per crystal
Crystal quantity variance = (3,650 crystals - 3,600 crystals) x $0.25 per crystal = $12.50 (unfavorable)
Direct Labor Variances:
Labor rate variance = Total actual cost of direct labor - Total standard cost of direct labor
Labor rate variance = $43,200 - $40,500 = $2,700 (unfavorable)
Labor efficiency variance = (Actual hours worked - Standard hours allowed) x Standard rate
Labor efficiency variance = (2,880 hours - 1,800 charms x 1.5 hours per charm) x $15.00 per hour
Labor efficiency variance = (2,880 hours - 2,700 hours) x $15.00 per hour = $2,700 (unfavorable)
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Write the dual of following problems:
(a) Maximize Z = 7X1 + 5X2
Subject to:
X1 + 2X2 ≤ 6
4X1 + 3X2 ≤ 12
X1, X2 ≥ 0
(b) Maximize Z= 3X1 + 4X2
Subject to:
5X1 + 4X2 ≤ 200
3X1 + 5X2 ≤ 150
8X1 + 4X2 ≥ 80 X1, X2 ≥ 0
The duals of the two linear programming problems are;
(A) Minimize Z = 6Y1 + 12Y2Subject to;
Y1 + 4Y2 ≥ 7
2Y1 + 3Y2 ≥ 5
Y1, Y2 ≥ 0
(B) Minimize Z = 200Y1 + 150Y2 + 80Y3Subject to;
5Y1 + 3Y2 + 8Y3 ≥ 3
4Y1 + 5Y2 + 4Y3 ≥ 4
Y1, Y2, Y3 ≥ 0
In linear programming, the "dual problem" is a way to obtain an alternative optimization problem derived from the original problem. The dual problem involves interchanging the roles of the variables and the constraints & minimizing instead of maximizing the objective function. The optimal value of the dual problem provides a lower bound on the optimal value of the original problem.
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An electronics store was recently the victim of a robbery where an employee was injured, and some property was stolen. The store's IT department hired an external supplier to expand its network to include a physical access control system. The system has video surveillance, intruder alarms, and remotely monitored locks using an appliance-based system. Which of the following long-term cybersecurity risks might occur based on these actions?
A. There are no new risks due to the install and the company has a stronger physical security posture
B. These devices should be isolated from the rest of the enterprise network
C. These devices should be scanned for viruses before installation
D. These devices are insecure and should be isolated from the internet
Option D is correct. Types of cyber threats your institution ought to be aware of include: Malware. Ransomware. Distributed denial of service (DDoS) attacks.
What are the three most common cyber attacks?Below are some of the most common sorts of cyber-attacks: Malware. Phishing. Man-in-the-middle assault (MITM)
The three most normal categories are herbal threats (such as earthquakes), physical security threats (such as electricity outages damaging equipment), and human threats (blackhat attackers who can be inner or external.)
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https://brainly.com/question/30461954#SPJ4a(n) scale is used when a researcher is attempting to measure attitudes, opinions, evaluations, beliefs, impressions, perceptions, feelings, and intentions on a continuum.
A Likert scale is a rating scale used to measure opinions, attitudes, or behaviors. It consists of a declaration or a question, followed by using a sequence of five or seven reply statements. Respondents pick the option that satisfactory corresponds with how they sense about the declaration or question.
Which type of response works high-quality when measuring opinions attitudes and feelings?That kind of question is recognised as a Likert scale. Likert scales are widely used to measure attitudes and opinions with a increased degree of nuance than a simple “yes/no” question.
It's one of the most popular and dependable approaches of measuring perceptions, attitudes, and opinions. Likert scale survey questions are characterized with the aid of a vast range of answer picks to pick out from, normally ranging from one excessive (e.g. 'strongly agree') to some other (e.g. 'strongly disagree').
Which scale is used when a researcher is attempting to measure attitudes, opinions, evaluations, beliefs, impressions, perceptions, feelings, and intentions on a continuum.
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https://brainly.com/question/13753187#SPJ4Chinggis Khan launched the Mongol invasions because of his need to find new pastures for their herds which were growing too quickly for available resources. desire to spread the Mongol religion of the sky god, Tengri, as a universalizing religion. wish to preempt the manufacture of silk cloth in order to break the Korean monopoly interest in finding the source of the Amur river to control its waters for farming.
A desire to spread tengri, the sky god worship of the Mongols, as a religion of universalism.
What are the four types of religion?Those following four religions account for more than 77% of the world's population each; 92% of people on the earth either follow any one of these four religions or choose not to identify as religious, leaving the other 9,000+ faiths with a total population of only 8%.
What religion was Jesus?Without a doubt, Jesus was a Jew. He was born to a Jewish mother in Galilee, a Jewish part of the world. Their closest associates, business partners, employees, and supporters were all Jews. He help many people synagogues, as we like to call Jewish communal worship services.
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The central element in the marketing mix is ________, the element around which all other marketing mix decisions revolve.
All other choices revolve on the product, which is the key component of the marketing mix.
How does the product fit into the marketing mix, and why is that important?The location of the product is one of the essential elements of the marketing mix that enables customer engagement and sales. The product is the exclusive focus of the marketing effort and represents the best value for the customer, together with pricing, location, and advertising.
Among the marketing mix's components, the product is the most crucial. The four Ps of the marketing mix—product, placement (distribution), pricing, and promotion—are crucial for the marketing manager to understand in order to create a comprehensive marketing strategy.
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GDP measures:
A. production within a nation's borders.
B. production by a nation's citizens wherever they may be.
C. income earned by the factors of production plus depreciation and indirect business taxes.
D. Both B and C
E. Both A and C
The correct answer is E. Both A and C. Gross Domestic Product (GDP) measures the total value of goods and services produced within a nation's borders during a given period, usually a year. This means it measures production within a nation's borders, option A.
However, GDP can also be calculated by adding up the income earned by the factors of production (such as wages, interest, rent, and profits) plus depreciation and indirect business taxes. This is often called the "income approach" to calculating GDP. Therefore, it also measures income earned by factors of production plus depreciation and indirect business taxes, which is option C.
Option B is incorrect because Gross Domestic Product only measures production within a nation's borders, regardless of who is producing. It does not matter if the producers are citizens of the nation or not.
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Which of the following are typically job responsibilities for a digital marketing coordinator? Select all that apply.
A
Analyze data from marketing campaigns.
B
Draft social media copy and obtain approvals.
C
Approve and disburse funds for marketing activities.
D
Follow SEO best practices.
SEO best practices are typically job responsibilities for a digital marketing coordinator.
What function does digital marketing primarily serve?A digital marketer's main responsibility is to manage advertising campaigns that highlight a brand and its goods. They play an important role in boosting brand recognition as well as generating traffic, leads, ultimately sales.
What duties are the responsibility of a media coordinator?The creation, distribution, and analysis of the effectiveness of digital content across channels like social media, email, website, and apps are major duties.
What does an coordinator of digital marketing do?The daily application of digital marketing strategies is monitored by a digital marketing coordinator. They make sure that brand is united and conforms to corporate policies.
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FILL IN THE BLANK. Closing entries move the balances from the ______ accounts into the Retained Earnings account.
temporary. Closing entries move the balances from the temporary accounts into the Retained Earnings account. At the conclusion of an accounting period.
closing entries are used to move the balances of temporary accounts (such as revenue, costs, and dividends) to the permanent Retained Earnings account. This procedure prepares the accounts for the following fiscal period by ensuring that the income and spending accounts begin with a zero balance. Closing entries are used at the end of an accounting period to transfer the balances of temporary accounts (such as revenue, expenses, and dividends) to the permanent Retained Earnings account. This technique ensures that the income and expenditure accounts begin with a zero balance for the following fiscal period.
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Simple Moving Average Forecast Compute the sales forecast for the month of January 2022 using the Simple. Moving Average forecasting technique and the last 6 months of data from 2021 (Rotor to Side 31 in Chapter on Pages 48 and 49 in the outbook) Monthly sales for the RUOK Company for the last 12 months are as follows: MONTH January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 ACTUAL SALES 67,346 43,983 53,002 29,263 70,613 80.785 58,560 18,588 90,274 31,782 82,676 39,720 FORECAST MONTH January 2022 ??,??? Type your answer
Moving Average forecasting technique and the last 6 months of data from 2021 will be 53600.
What are sales?Sales can be defined as the transportation of ownership rights. This was to be determined as the way that the ownership is transferred from one place to another. This was to determine the way in which the service or the commodity is being given.
The total for the last six months will be calculated as sum ofsix months
= (58,560 + 18,588 + 90,274 +31,782 + 82,676 + 39,720)
= 321600
The average will of the company for the month of January:
= 321600 / 6
= 53600
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The value of V of a machine t years after it is purchased is inversely proportional to the square root of t+1. The initial value of the machine is $10,000.a. Write V as a function of t.b. Find the rate of depreciation when t=1.c. Find the rate of depreciation when t=3.
a. The relationship between V and t can be expressed as V = k / sqrt(t+1), where k is a constant of proportionality.
To find the value of k, we can use the initial value of the machine, which is $10,000. When t = 0 (i.e., at the time of purchase), V = $10,000, so we have:
$10,000 = k / sqrt(0+1)
$10,000 = k / sqrt(1)
$10,000 = k
Therefore, the equation for V as a function of t is:
V = $10,000 / sqrt(t+1)
b. To find the rate of depreciation when t=1, we need to find the rate at which V is changing with respect to t. We can do this by taking the derivative of V with respect to t:
dV/dt = -$10,000 / [tex]2(t+1)^(3/2)[/tex]
Substituting t=1, we get:
dV/dt = -$10,000 / [tex]2(1+1)^(3/2)[/tex]
dV/dt = -$3,535.53
So the rate of depreciation at t=1 is $3,535.53 per year.
c. To find the rate of depreciation when t=3, we can use the same approach as in part b:
dV/dt = -$10,000 /[tex]2(t+1)^(3/2)[/tex]
Substituting t=3, we get:
dV/dt = -$10,000 / [tex]2(3+1)^(3/2)[/tex]
dV/dt = -$1,767.77
So the rate of depreciation at t=3 is $1,767.77 per year. The rate of depreciation is decreasing as t increases, which means the machine is depreciating at a slower rate as it gets older. This is because the denominator of the fraction in the formula for V is getting larger as t increases, so V is decreasing at a slower rate.
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as a member of the crisis management team, you are required to attend our biannual crisis management workshops. these workshops will prepare you to lead your division in the event of a company crisis. the workshops always take place during the second week in january, and they are held at our headquarters in dallas, texas. workshop registration information is available on the company website. identify the function of the sentence the workshops always take place during the second week in january, and they are held at our headquarters in dallas, texas. a. support sentence b. topic sentence
The answer is A) Topic sentences, A topic sentence has the purpose of informing readers on what the paragraph is about. It works as a map of the paragraph, letting readers know where the author is going and how he/she is getting there in terms of the idea being developed.
What is the most accurate definition of management?The practice or act of managing: directing, coordinating, or controlling something (such as a business) New owners managed the business better, using sensible ways to achieve their goals.
What is the difference between management and leadership?Leadership is the capacity of an individual to persuade, inspire, and enable others to contribute to the success of the organization. Controlling an organization, a team, or a collection of entities in order to accomplish a specific goal is the responsibility of management.
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borrowers would prefer monthly compounding over annual compounding given the same annual percentage rate.
The correct statements about concerning interest rates is e) For any positive rate of interest, the effective annual rate will always exceed the annual percentage rate.
The effective annual rate (EAR) is the actual rate of interest earned or paid on an investment or loan, taking into account the effects of compounding. The annual percentage rate (APR) is the simple interest rate that is quoted by lenders or banks.
The EAR is always greater than the APR, because it takes into account the effects of compounding, which increases the amount of interest earned or paid. The other options in the question are incorrect.
The complete question is:
Which one of the following statements concerning interest rates is correct?
a) The effective annual rate decreases as the number of compounding periods per year increases.
b) Savers would prefer annual compounding over monthly compounding.
c) Borrowers would prefer monthly compounding over annual compounding.
d) The effective annual rate equals the annual percentage rate when interest is compounded annually.
e) For any positive rate of interest, the effective annual rate will always exceed the annual percentage rate.
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Acquired $30,000 cash from the issue of common stock.
Paid $12,000 cash to purchase land.
Borrowed $10,000 cash.
Provided services for $20,000 cash.
Paid $1,000 cash for utilities expense.
Paid $15,000 cash for other operating expenses.
Paid a $2,000 cash dividend to the stockholders.
Determined that the market value of the land purchased in Event 2 is now $12,700.
Required
a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an example.
b-1. Prepare an income statement for the Year 2 accounting period.
b-2. Prepare a statement of changes in equity for the Year 2 accounting period.
b-3. Prepare a year-end balance sheet for the Year 2 accounting period.
b-4. Prepare a statement of cash flows for the Year 2 accounting period.
c-1. Determine the percentage of assets that were provided by retained earnings.
c-2. How much cash is in the Retained Earnings account? Assets + Event Account Titles for Retained Earnings Cash DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Land Retained Payable Stock Earnings 12,000 = 0 + 6,000 + 8,000 30,000 + 12,000/= + Beginning balance 1. + 2. + + 3. + 2,000 + 30,000 + (12,000) 10,000+ 20,000+ (1,000) + (15,000) + (2,000) 4. + + + + 5. + + 20,000 Service revenue (1,000) Utilities expense (15,000) Operating expense (2,000) Dividends 6. 7. + + 8. + + Totals 32,000 + 24,000 = 01 + 36,000 + 10,000 DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Service revenue $ 20,000 Utilities expense (1,000) Operating expense (15,000) Net income $ 4,000 DAKOTA COMPANY $ 36,000 Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock $ 6,000 Plus: Common stock issued 30,000 Ending common stock Beginning retained earnings 8,000 Plus: Net income 4,000 Less: Dividends 2,000 Ending retained earnings Total stockholders' equity GA 10,000 46,000 $ DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Assets Land $ 24,000 32,000 Cash Total assets $ 56,000 Liabilities Notes payable $ 10,000 S 10,000 Total liabilities Stockholders' Equity Retained earnings Common stock $ 10,000 36,000 Total stockholders' equity Total liabilities and stockholders' equity 46,000 56,000 A DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Cash receipts from customers $ Cash payments for other operating expense Cash payment for utilities expense 20,000 (15,000) (1,000) S 4,000 Net cash flow from operating activities Cash flows from investing activities: Cash paid to purchase land $ (12,000) (12,000) Net cash flow from investing activities Cash flows from financing activities: Cash receipts from stock issue Cash payments for dividends Cash receipts from loan $ 30,000 (2,000) 10,000 38,000 Net cash flow from financing activities Net increase in cash Plus: Beginning cash balance Ending cash balance 2,000 2,000 S Percentage of assets % How much cash is in the Retained Earnings account?
Retained earnings are used to aquire assets or settle liabilities. Cash cannot be directly traced to Retained earnings and hence cannot be determined.
(c -1)
It is calculated as follows-
Retained Earnings / Total Assets = $10,000 / $56,000 = 17.9%
(c -2)
How much cash is in the Retained Earnings account - Cannot be determined
Retained earnings refer to the portion of a company's profits that are not distributed as dividends but are kept within the business for future use. It is calculated by subtracting the total amount of dividends paid out from the net income of the company. Retained earnings can be used for a variety of purposes, such as reinvesting in the business, repaying debt, or making acquisitions.
Retained earnings are an important source of funding for a company, as they provide the business with the flexibility to pursue growth opportunities without relying on external financing. Additionally, companies with strong retained earnings are viewed as more financially stable, which can attract investors and lenders.
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Which of the following must be specified when launching a new Amazon Elastic Compute Cloud (Amazon EC2) Windows instance? (Choose 2 answers)
A. The Amazon EC2 instance ID
B. Password for the administrator account
C. Amazon EC2 instance type
D. Amazon Machine Image (AMI)
The following must be specified when launch-ing a new Amazon Elastic Compute Cloud (Amazon EC2) Windows instance - C Amazon EC2 instance type and D. Amazon Machine Image.
The Amazon EC2 instance ID will be assign-ed by AWS as part of the launch process. The administrator pass-word is assigned by AWS and encrypt-ed via the public key. The instance ty-pe defines the virtual hard-ware and the AMI defines the initial software state. You must specify both up-on launch.
Amazon Elastic Compute Cloud (Ama-zon EC2) provides scal-able computing capacity in the Ama-zon Web Services (AWS) Cloud. Using Amazon EC2 eliminates your need to invest in hard-ware up front, so you can develop and deploy applications fast-er.
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An auditor withdrew from further association with a nonissuer entity after issuing an audit report on it. Subsequently, the auditor discovered facts that, if known to the auditor at the date of the auditor' s report, could have caused the auditor to revise the report. Which of the following statements about this circumstance is correct?
A. . The auditor should talk with the successor auditor about the circumstances of the subsequently discovered information and advise whether the financial statements should be revised.
B. The auditor should extend audit procedures with regard to management' s revised financial statements with the objective of expressing a dual-dated qualified opinion.
C. The auditor should discuss the matter with management and, if it is determined that the financial statements need revision, ask how management intends to address the matter in the financial statements.
D. Because the auditor is no longer associated with the entity, the auditor has no further responsibilities with regard to the financial statements.
D. Because the auditor is no longer associated with the entity, the auditor is not required to take any further action responsibilities with regard to the financial statements.
Once the auditor has withdrawn from further association with the entity, the auditor is no longer responsible for the audit or the financial statements of the entity. Therefore, the auditor is not required to take any further action. While it is important for the auditor to withdraw from the engagement and notify the client and any regulatory bodies of the reason for the withdrawal, the auditor's responsibility for the audit ends with the issuance of the audit report. If the auditor subsequently discovers facts that could have caused the auditor to revise the report, the auditor may choose to notify the successor auditor or regulatory bodies of the issue, but the auditor is not required to take any further action or audit procedures.
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1. If you have to pay your car insurance deductible, which is the best place to get the money?
Answer: your emergency fund
Explanation: Yes
Chile is an importer of computer chips, taking the world price of $12 per chip as given. Suppose Chile imposes a $7 tariff on chips. Which of the following outcomes is possible?
a ThepriceofchipsinChileincreasesto$19;thequantityofChilean- produced chips decreases; and the quantity of chips imported by Chile decreases.
b ThepriceofchipsinChileincreasesto$16;thequantityofChilean- produced chips increases; and the quantity of chips imported by Chile decreases.
c The price of chips in Chile increases to $19; the quantity of Chilean- produced chips increases; and the quantity of chips imported by Chile decreases.
d ThepriceofchipsinChileincreasesto$16;thequantityofChilean- produced chips increases; and the quantity of chips imported by Chile does not change.
The price of chips in Spain could rise to $14 as a result of slapping a charge on their import. There are more chips made in Spain, but there are fewer chips imported from Spain.
The following results occur when a tariff is imposed on the import of particular goods and services: The cost of the item rises as a result. The elasticity of the demand for the good determines how quickly the price of the item will climb. Due to the higher cost of importation brought on by the tariff, it decreases the amount imported. It promotes the product's local manufacturing. The price of computer chips domestically in Denmark may rise as a result of the tariff. This is due to the tariff acting as a charge on imported chips, raising their price. Due to their ability to sell their chips for more money while remaining competitive on the market, domestic producers may then decide to raise their pricing in retaliation.
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decision trees are a visual representation of the sequential choices that financial decision makers face when making capital budgeting and investment
Yes, the decision trees are a visual representation of the sequential choices that financial decision project makers face when making capital budgeting and businesses investment.
These choices, which are frequently represented by decision nodes, are based on the results that can be anticipated from executing various actions. Decision Trees are a Net Present Value (NPV) computation used in financial analysis that combines several future scenarios depending on their propensity to project. The total businesses of all alternative alternatives' cash flows, weighted according to their assigned probabilities, makes up the cash flows for a particular decision. ,
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Which of the following are keys to managing your career readiness successfully? (Select all that apply.)Following a process Taking responsibility over managing your careerPersonal reflection, motivation, commitment, and experimentation
Personal reflection, motivation, commitment, and experimentation, Taking responsibility over managing your career and Following a process are keys to managing your career readiness successfully .
Option a ,b ,c is correct .
In addition to these higher order thinking skills, career readiness should include STEM, which focuses heavily on critical math, science, and career concepts. STEM skills are used in all industries today, so all students can benefit from learning STEM skills as part of their career preparation education. Four types of skills are important when applying for a job: interpersonal skills, personal characteristics and skills, special skills, and core skills.
Career management is as important to the company as it is to the employee. By supporting employees during their promotion, organizations improve their overall performance. To that end, there are many ways to implement a career management program.
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The correct question is :
Which of the following are keys to managing your career readiness successfully? (Select all that apply.)
Personal reflection, motivation, commitment, and experimentation
Taking responsibility over managing your career
Following a process
Earning an advanced business degree
Which of the following items would be reported under financing activities on the statement of cash flows? (Select all that apply). a. Cash dividends paid to shareholders b. Cash received from issuing notes payable c. Cash paid for interest on long-term debt d. Cash paid to repay debt
The financing activity in the cash flow statement focuses on how a company raises capital and returns it to investors through capital markets. So option d is correct.
How does cash flow work?The movement of money into and out of a business is known as cash flow. Cash spent indicates outflows, whereas cash received indicates inflows. A financial statement that details the sources and uses of a company's cash over time is called a cash flow statement. Spending that occurs in the normal course of business is included in cash flow from operations. Payroll, the cost of items sold, rent, and utility bills are a few examples of these cash outflows. When corporate operations are very seasonal, cash outflows might vary greatly.
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Airline passengers arrive randomly and independently at the passenger screening facility at a major international airport. The mean arrival rate is 6 passengers per minute.
What is the probability of no arrivals in a 1-minute period? If required, round your answer to six decimal places.
0.002479
What is the probability of 3 or fewer arrivals in a 1-minute period? If required, round your answer to six decimal places.
0.1512
What is the probability of no arrivals in a 12-second period? If required, round your answer to four decimal places.
0.1353
What is the probability of at least 1 arrival in a 12-second period? If required, round your answer to four decimal places.
The probability of at least 1 arrival in a 12-second period is 0.6988 or 69.88%.
To calculate the probability of at least 1 arrival in a 12-second period, we can use the Poisson distribution. The Poisson distribution is a probability distribution that describes the number of events that occur in a fixed interval of time or space, given the average rate of occurrence and assuming that events occur independently and randomly.
The mean arrival rate is given as 6 passengers per minute. To calculate the arrival rate in a 12-second period, we need to convert the time to minutes. There are 60 seconds in a minute, so 12 seconds is equivalent to 12/60 = 0.2 minutes. The arrival rate in a 12-second period is therefore 6 x 0.2 = 1.2 passengers.
Using the Poisson distribution, the probability of at least 1 arrival in a 12-second period is equal to 1 minus the probability of 0 arrivals in a 12-second period. The probability of 0 arrivals in a 12-second period can be calculated as follows:
P(0 arrivals) = (e^-λ * λ^0) / 0!
where λ is the arrival rate in a 12-second period, which is 1.2 passengers.
P(0 arrivals) = (e^-1.2 * 1.2^0) / 0! = e^-1.2 = 0.3012 (rounded to four decimal places)
Therefore, the probability of at least 1 arrival in a 12-second period is:
P(at least 1 arrival) = 1 - P(0 arrivals) = 1 - 0.3012 = 0.6988 (rounded to four decimal places)
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(Table: Output in the United States and China) #94Using the data in the table, what will happen to the U.S. labor force after trade occurs with China?-U.S. labor will move from apparel to agriculture, where its marginal productivity is higher.-U.S. jobs in apparel will be exported to China, and wheat exports will create additional jobs in agriculture, and the value of output produced by U.S. labor will increase.-The value of output produced by U.S. labor will increase.-U.S. labor will move from apparel to agriculture, where its marginal productivity is higher. U.S. jobs in apparel will be exported to China, and wheat exports will create additional jobs in agriculture, and the value of output produced by U.S. labor will increase.
The correct answer is: U.S. labor will move from apparel to agriculture, where its marginal productivity is higher. U.S. jobs in apparel will be exported to China, and wheat exports will create additional jobs in agriculture, and the value of output produced by U.S. labor will increase.
After trade occurs with China, the U.S. labor force is expected to shift from apparel to agriculture. This is because China has a comparative advantage in apparel production due to lower labor costs, while the U.S. has a comparative advantage in agriculture due to fertile land and advanced technology. As a result, U.S. jobs in apparel will be exported to China, leading to a decrease in employment in the apparel industry.
However, this shift is expected to lead to an increase in the value of output produced by U.S. labor. This is because U.S. labor will move to agriculture, where its marginal productivity is higher, and therefore can produce more output per unit of labor input. Additionally, the increase in wheat exports will create additional jobs in the agriculture industry.
It is worth noting that this shift may not benefit all workers equally. Workers in the apparel industry may lose their jobs or face lower wages, while workers in the agriculture industry may benefit from higher wages and increased employment opportunities. Furthermore, the shift in the labor force may take time to occur and may not be evenly distributed across regions or demographic groups.
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The complete question is-
What is the expected impact of trade with China on the U.S. labor force, according to the data in the table? How is the U.S. labor force expected to shift, and why? How will this shift impact the value of output produced by U.S. labor, and what additional jobs will be created in the agriculture industry? Are there any potential downsides or winners and losers of this shift in the labor force, and how evenly will this shift be distributed across regions and demographic groups?
homestead state bank has the following financial information. homestead state bank information table balance sheet income statement cash $100 interest income $400 securities investments $600 interest expenses ($150) net loans $1200 non-interest income $50 net premises and equip. $300 non-interest expenses ($100) total assets $2200 provision for loan losses ($60) deposits $1100 pre tax net operating income $140 non-deposit borrowings* $800 securities gains (losses) ($40) equity capital $300 taxes ($45) total liabilities and equity $2200 net income $55 *all purchased funds use this information to calculate homestead state bank's equity multiplier
The equity multiplier of Homestead State Bank is 7.33.
How to determine the equity multiplier at Homestead State Bank?By dividing total assets by equity capital, the equity multiplier can be used to determine how many assets a bank has per dollar of equity capital. In this instance, Homestead State Bank has $2200 in total assets and $300 in equity capital.
Equity Multiplier is equal to Total Assets divided by Equity Capital, or $2,200 divided by $300.
Equity Multiplier equals 7.3
This signifies that the bank has $7.33 in assets for every dollar invested in stock. The risk of insolvency increases when the equity multiplier increases since it increases the bank's leverage. As a result, investors and regulators should consider the equity multiplier when assessing the risk of a bank. Given that Homestead State Bank has a high equity multiplier in this instance, it may be more leveraged than other banks, therefore the risk of asset loss could be greater.
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The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors.LOS GATOS CORPORATIONBalance SheetAt December 31, 2018AssetsCash$48,000Accounts receivable92,000Inventories59,000Machinery (net)124,000Franchise (net)34,000Total assets$357,000Liabilities and Shareholders’ EquityAccounts payable$58,000Allowance for uncollectible accounts9,000Note payable63,000Bonds payable114,000Shareholders’ equity113,000Total liabilities and shareholders’ equity$357,000Additional information:Cash includes a $24,000 restricted amount to be used for repayment of the bonds payable in 2022.The cost of the machinery is $198,000.Accounts receivable includes a $24,000 note receivable from a customer due in 2021.The note payable includes accrued interest of $9,000. Principal and interest are both due on February 1, 2019.The company began operations in 2013. Income less dividends since inception of the company totals $39,000.54,000 shares of no par common stock were issued in 2013. 100,000 shares are authorized.Required:Prepare a corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
Create a balance sheet that is categorised and updated. (A minus sign should be used to denote amounts that will be subtracted.)
Balance Statement for LOS GATOS COMPANY as of December 31, 2018
Assets:
Existing Assets:
Cash $ 25,000
Bond Sinking Fund: $25,000
70,000 in accounts receivable
Provision for Inability to collect accounts: 10,000 60,000
60,000 in inventory
$170,000 in total current assets
Intangible assets:
200,000 for machinery
less accumulations
Depreciation: 75,000 to 125,000
franchise (net) 35,000
25,000 in notes payable
There are $185,000 in total non-current assets.
$355,000 in total assets
Financial obligations and stockholder equity
Currently Owing Money:
Expenditures payable: $60,000.
Note due in the amount of $55,000
Notes' Interest Payable: $10,000; $125,000.
Bonds with a principal and interest payment of $115,000
Investors' equity
granted 200,000 shares
Issued at a par value of 75,000
Profits that were retained: 40,000 to 115,000
$355,000 in total liabilities and shareholders' equity
Explanation:
a Modifications:
1. Cash Flow:
According to the question, $50,000
Fund for Sinking Bonds: $25,000
$25k remaining
2. Receivables (A/R)
According to the query, $95,000
25,000 in Notes Receivable
remaining balance of $70,00
3. Payable Notes:
$65,000 as per the query
10,000 in interest charges.
$55,000 in remaining balance
4. Retained Income equals $40,000.
5. The entire current assets, liabilities, and Retained Earnings are displayed on the rectified and reclassified balance sheet.
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