is when third parties reap the benefit of a good or service for which they did not pay. A Government resource B. Positive externality C Consumer reaction D. Negative externality Please select the best answer from the choices provided OA B OC D​

Answers

Answer 1

Answer:

B. Positive externality

Explanation:

An externality is a benefit or a detriment to a third party created by the production or consumption of goods or services. A third party is everybody else other than the producer or consumer of a product. An externality is either positive or negative.

A positive externality is when consumption or production creates a benefit to a third party. The third-party does not meet the cost of products but indirectly enjoys its production.

Answer 2

Answer:

B. Positive externality

Explanation:

EDGE 2021


Related Questions

because most businesses dont have a one-size-fits-all aproach, what do you need to do?

Answers

Answer:

Add your creativity to the existing problem and make it unique for it to suit others.

Vanessa Jones is the assistant chief accountant at IBT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter and Vanessa is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agenicies. THe total credits on the trial balance exceed the debits by $1,000.

In order to meet the 4pm deadline, Vanessa decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chose Equipment because it is one of the larger account balances; percentage wise, it will be the least misstated. Vanessa plugs the difference! She believes that the difference is quite small and will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late.

A. Who are the stakeholders in this situation?

B. What ethical issues are involved?

C. What are Vanessa's alternatives?

Answers

Answer and Explanation:

The stakeholders include:

1. The rush in preparing the financial statements for the quarter

2. The overstatement of an account by $1000 on either the debit or credit side of the trial balance

Ethical issues:

1. She has been dishonest by plugging a figures $1000 into a wrong account

2. There could be loss of cash as the difference of $1000 could be caused by a liability account

Alternatives:

1. A suspense account could have been opened for the difference of $1000 and plugged into the trial balance

2. An account with the difference $1000 unknown could have been opened

Diego Company manufactures one product that is sold for $80 per unit in two geographic regions—the East and West regions. The following information pertains to the company’s first year of operations in which it produced 40,000 units and sold 35,000 units. Variable costs per unit: Manufacturing: Direct materials $ 24 Direct labor $ 14 Variable manufacturing overhead $ 2 Variable selling and administrative $ 4 Fixed costs per year: Fixed manufacturing overhead $ 800,000 Fixed selling and administrative expense $ 496,000 The company sold 25,000 units in the East region and 10,000 units in the West region. It determined that $250,000 of its fixed selling and administrative expense is traceable to the West region, $150,000 is traceable to the East region, and the remaining $96,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. Foundational 7-1 Required: 1. What is the unit product cost under variable costing?

Answers

Answer:

Total unitary variable production cost= $40

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $24

Direct labor $14

Variable manufacturing overhead $2

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Total unitary variable production cost= 24 + 14 + 2

Total unitary variable production cost= $40

Select the correct answer.
To qualify as a business analyst, which degree or certification should you ideally have?
O A.
bachelor's degree in software testing
OB.
bachelor's degree in business administration or information technology
C.
bachelor's degree in quality assurance
D.
master's degree in social sciences

Answers


b ( i think )

explanation ; i’m smart

Answer:

B

Explanation:

Just took the test

Presented here are the components in Oriole Company’s income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income Year 1 $ 72,660 $Enter a dollar amount for year 1 (b) $ 31,100 $Enter a dollar amount for year 1 (d) $13,290 Year 2 $108,500 $72,200 $Enter a dollar amount for year 2 (c) $Enter a dollar amount for year 2 (e) $29,900 Year 3 $Enter a dollar amount for year 3 (a) $73,190 $112,180 $46,690 $Enter a total net income for year 3 (f)

Answers

Answer:

Oriole Company

Income Statement

                Sales        Cost of               Gross      Operating        Net

             Revenue     Goods Sold        Profit       Expenses      Income

Year 1   $ 72,660       $ 41,560        $ 31,100      $ 17,810       $13,290

Year 2  $108,500     $72,200         $ 36,300    $ 6,400       $29,900

Year 3  $ 185,300     $73,190          $112,180     $46,690     $65,490

Explanation:

Data:

Year 1 $ 72,660 $Enter a dollar amount for year 1

(b) $ 31,100 $Enter a dollar amount for year 1

(d) $13,290 Year 2 $108,500 $72,200 $Enter a dollar amount for year 2

(c) $Enter a dollar amount for year 2

(e) $29,900 Year 3 $Enter a dollar amount for year 3

(a) $73,190 $112,180 $46,690 $Enter a total net income for year 3 (f)

Arrangement:

                Sales        Cost of               Gross      Operating        Net

             Revenue     Goods Sold        Profit       Expenses      Income

Year 1   $ 72,660       $                     $ 31,100      $                 $13,290

Year 2  $108,500     $72,200           $                $                 $29,900

Year 3  $                    $73,190          $112,180     $46,690     $

Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2019 Cash and securities $4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $42,000 Net plant and equipment $28,000 Total assets $70,000 Liabilities and Equity Accounts payable $22,509 Accruals 14,391 Notes payable 6,000 Total current liabilities $42,900 Long-term bonds $11,000 Total liabilities $53,900 Common stock $3,542 Retained earnings 12,558 Total common equity $16,100 Total liabilities and equity $70,000 Income Statement (Millions of $) 2019 Net sales $105,000 Operating costs except depreciation 97,650 Depreciation 2,100 Earnings before interest and taxes (EBIT) $5,250 Less interest 1,020 Earnings before taxes (EBT) $4,230 Taxes 1,058 Net income $2,538 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $888.30 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $60.91 ​ ​ ​ Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations. a. 47.76% b. 51.36% c. 43.14% d. 58.04% 5 points Save Answer Question 19 of 20 Moving to another question will save this response.

Answers

Answer:

77%

Explanation:

Total debt to total capital ratio = Total liabilities / Total assets

Total debt to total capital ratio = $53,900 / $70,000

Total debt to total capital ratio = 0.77

Total debt to total capital ratio is the ratio of its total debt to its total capital, its debt and equity combined and it is use to measure a company financial solvency.

P Company purchased the net assets of S Company for $225,000. On the date of P's purchase, S Company had no investments in marketable securities and $30,000 (book and fair value) of liabilities. The fair values of S Company's assets, when acquired, were: Current assets $120,000 Noncurrent assets 180,000 Total $300,000 How should the $45,000 difference between the fair value of the net assets acquired ($270,000) and the consideration paid ($225,000) be accounted for by P Company? A. The noncurrent assets should be recorded at $ 135,000. B. The $45,000 difference should be credited to retained earnings. C. The current assets should be recorded at $102,000, and the noncurrent assets should be recorded at $153,000. D. A gain of $45,000 should be recorded.

Answers

Answer:

D. A gain of $45,000 should be recorded.

Explanation:

The computation is shown below

Fair value difference is

= Total assets - book & fair value of liabilities - net assets purchased

= $300,000 - $30,000 - $225,000

= $270,000 - $225,000

= $45,000

hence, the correct option is d. $45,000 and the same is to be considered

We simply applied the above formula

Which of the following actions is a good example
of protecting sensitive information? Check all of
the boxes that apply.
using a paper shredder to discard documents
that contain personal medical information
keeping patient files in a secure electronic file
system with limited access
maintaining a confidential patient consultation
area in a doctor's office
discussing private matters with patients in the
waiting room

Answers

Answer:

A,B,C

Explanation:

Answer:

“Using a paper shredder to discard documents that contain personal medical information”, “Keeping patient files in a secure electronic file system with limited access” and “Maintaining a confidential patient consultation area in a doctor’s office”

Explanation:

Economies of scope A. are cost reductions that flow from cost-saving strategic fits along the value chains of related businesses in the business lineup of a multibusiness corporation. B. arise only from strategic fit relationships in the production portions of the value chains of sister businesses. C. are more associated with unrelated diversification than related diversification. D. are present whenever diversification satisfies the attractiveness test and the cost-of-entry test. E. arise mainly from strategic fit relationships in the distribution portions of the value chains of unrelated businesses.

Answers

Answer:

A. are cost reductions that flow from cost-saving strategic fits along the value chains of related businesses in the business lineup of a multibusiness corporation.

Explanation:

Economies of scope occur when a good is manufactured, the cost of manufacturing a related goods is reduced. It means that there would be reduction in the cost of production of a goods as a result of increase in variety of goods. It is a situation whereby the cost of producing two products is less compare to when that product is produce separately.

It should be noted that economy of scope are cost reductions that flow from cost-saving strategic fits along the value chains of related businesses in the business lineup of a multibusiness corporation.

Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 190 units $ 410 June 10 200 units 580 June 15 200 units 650 June 28 200 units 510 $2150 A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

Answers

Answer:

Ending inventory cost= $642.4

Explanation:

Giving the following information:

Date Number of units purchased Total cost

June 1 190 units $ 410 ($2.16)

June 10 200 units 580 ($2.9)

June 15 200 units 650

June 28 200 units 510

Ending inventory in units= 270

To calculate the value of ending inventory under the LIFO (last-in, first-out), we need to use the cost of the firsts units incorporated into inventory.

Ending inventory cost= 190*2.16 + 80*2.9

Ending inventory cost= $642.4

tina is the sole owner of tina's lawn mowing, incorporated (TLM). In one year TLM collects $1,000,000 from customers to mow their lawns. TLM equipment depreciates in value by $125,000. TLM pays $600,000 to its workers who pay $140,000 in taxes on this income. TLM pays $50,000 in corporate income taxes and pays Tina a dividend of $150,000. Tina pays taxes of $60,000 on this dividend income. TLM retains $75,000 of earnings in the business to finance future expansion. How much does this economic activity contribute to each of the following

Answers

Answer: See explanation

Explanation:

This is the remainder of the question:

How much does this economic activity contribute to GDP, NNP, National income, compensation of employees, Proprietors' Income, corporate profits, personal income, disposable personal income?

a. GDP – $1,000,000

The GDP is the value for the goods and services that a country sells. To loan customers lawns, Tina collects $1,000,000.

b. NNP – $875,000

NNP = GDP - Depreciation

= $1000000 - $125000

= $875000

c. National income – $875,000

d. Compensation of employees- $600,000

This is the amount paid by the company to its workers for work done as wages and salaries.

e. Proprietors’ income – $0

Because it is a Corporation, this will be $0.

f. Corporate profits – $275,000

This will be:

= $50,000 + $150,000 + $75000

= $275000

g. Personal income – $750,000

= NNP + Dividend - Profit

= $875000 + $150000 - $275000

= $750000

h. Disposable personal income – $550000

= $750000 - $60000 - $140000

= $550000

Which term describes the reliance of different functional areas upon each other? O A. Interpretation B. Independence O C. Inclination D. Interdependence​

Answers

Answer:

D. Interdependence​

Explanation:

Interdependence is a condition of mutual dependence among people or things. It is a situation where two or more individuals, companies, or countries rely on one another in various aspects. A state where multiple parties depend on each other to thrive.

When different functions or departments depend on each other to succeed, they are said to be interdependent. It implies that a function is likely to fail if it opts to operate on its own.

Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) Acquired $3,200 cash from issuing common stock. Borrowed $2,300 from a bank. Earned $3,200 of revenues. Incurred $2,420 in expenses. Paid dividends of $420. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) Acquired an additional $600 cash from the issue of common stock. Repaid $1,370 of its debt to the bank. Earned revenues, $4,600. Incurred expenses of $2,790. Paid dividends of $760. What was the amount of retained earnings that will be reported on Lexington's balance sheet at the end of Year 1?

Answers

Answer:

Retained Earnings Balance at end of Year 1 =  $360

Explanation:

First we need to determine the profit/loss for the year as part of the retained earnings calculation.

Lexington Company

Income Statement for the year ended - Year 1

Revenue Earned                                                $3,200

Less Expenses                                                  ($2,420)

Net Income / (Loss)                                               $780

Then we calculate the Retained Earnings Balance

Retained Earnings Statement

Beginning Retained Earnings Balance                  $ 0

Add Profit earned during the year                      $780

Less Dividends                                                   ($420)

Ending Retained Earnings Balance                    $360

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 145 Units in beginning inventory 0 Units produced 2,440 Units sold 2,280 Units in ending inventory 160 Variable costs per unit: Direct materials $ 49 Direct labor $ 17 Variable manufacturing overhead $ 17 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 85,400 Fixed selling and administrative expense $ 22,800 The total gross margin for the month under absorption costing is:

Answers

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 85,400/2,440= $35

Absorption costing income statement:

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

PLEASE HELPP



Which descriptions offer examples of Professional Support Services workers? Check all that apply.
Milo tutors students outside of normal school hours to help them prepare for exams.
Missy assists a high school science teacher and provides additional instruction.
Gus works in a library and responds to requests from people who need help using services.
Lauren teaches students about business and computing.
Kami advises students to help them make decisions about their education and careers.
Donny creates instructional workbooks and other materials for teachers and students.

Answers

Answer:

Gus works in a library and responds to requests from people who need help using services.

Kami advises students to help them make decisions about their education and careers.

Donny creates instructional workbooks and other materials for teachers and students.

The descriptions that offer examples of Professional Support Services workers are options C, E, and F.

This is because Professional Support Service workers are always involved in activities or professions that help people's education, careers, and training operations.

It usually pertains to helping people decide on health goals, academic achievement, career pursuit, etc.

Thus, when Gus works in a library and responds to requests from people who need help using services. This implies professional services in the education line.

Kami advises students to help them make decisions about their education and careers. This implies professional services in the career line.

Donny creates instructional workbooks and other materials for teachers and students. This implies professional services in the education line.

Hence, in this case, it is concluded that the correct answer is option C, E, and F.

Learn more here: https://brainly.com/question/8495876

The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,900 direct labor-hours will be required in January. The variable overhead rate is $7 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,230 per month, which includes depreciation of $3,530. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Answers

Answer:

$67,000

Explanation:

Calculation for the cash disbursements for manufacturing overhead

Using this formula

Cash disbursements = Variable + Fixed

Let plug in the formula

Cash disbursements= (3,900*$7) + (43,230 - 3,530)

Cash disbursements= 27,300+ 39,700

Cash disbursements=$67,000

Therefore the cash disbursements for manufacturing overhead will be $67,000

A recent market study has determined that the probability that a young adult will be willing to try a new online financial service that your company is offering is 50%. In a random sample of 10 young adults, the probability that at least 2 but no more than 3 will be willing to try this new service is _________

Answers

Answer:

yo faith are u that one guy in osceola high school

Don James purchased a new automobile for $19,000. Don made a cash down payment of $4,750 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the amount of the required monthly payment. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.)

Answers

Answer:

$636.26 ≈ $636

Explanation:

we can use the present value of an annuity formula to determine the monthly payment:

PV = monthly payment x annuity factor

monthly payment = PV / annuity factor

PV = $19,000 - $4,750 = $14,250PV annuity factor, 2%, 30 periods = 22.3965

monthly payment = $14,250 / 22.3965 = $636.26 ≈ $636

Although fiscal policy may theoretically achieve the desired result in an economy, the time it takes for it to be approved and implemented, known as

Answers

Answer:

The appropriate answer is "time lag".

Explanation:

The time taken towards enacting a program after it has been accepted is referred to those as time lag. The consequences of interventions are not necessarily recognized throughout the economy due to various time lags. Therefore, although monetary policy, described as time lag, will potentially produce the expected outcome during an economy, the time it would take to be accepted as well as enforced.

Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 300 $5,100 February 375 5,300 March 625 6,350 April 400 5,200 May 650 6,300 June 600 6,300 July 350 5,000 August 675 6,300 September 550 6,000 Required: 1. Use the high-low method to estimate total fixed cost and variable cost per cavity filled. 2. Using these estimates, calculate Mountain’s total cost for filling 700 cavitie

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Month Number of Cavities Filled Total Cost

January 300 $5,100

February 375 5,300

March 625 6,350

April 400 5,200

May 650 6,300

June 600 6,300

July 350 5,000

August 675 6,300

September 550 6,000

To calculate the fixed and variable cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (6,350 - 5,000) / (675 - 300)

Variable cost per unit= $3.6

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 6,350 - (3.6*675)

Fixed costs= $3,920

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 5,000 - (3.6*300)

Fixed costs= $3,920

Now, for 700 units:

Total cost= 3,920 + 3.6*700

Total cost= $6,440

Texteriles Company creates different types of bolts of cloth. These bolts of cloth are made on the same machinery. The textile machines have the capacity of 3,600 hours per month. Texteriles is considering producing three different types of cloth: denim, chenille, and gauze, with contribution margins per bolt of $14, $22, and $9, respectively. Texteriles knows it can sell only a total of 6,000 bolts of denim, 2,000 bolts of chenille, and/or 1,200 bolts of gauze. A bolt of each type of cloth requires a different amount of machine time as follows: denim takes 0.5 machine-hours, chenille takes 1 machine-hour, and gauze takes 0.3 machine-hours. What combination of products will maximize the profits of Texteriles

Answers

Answer:

Combination of products shall be:

Denim = 6,000 bolts

Chenille = 240 bolts

Gauze = 1,200 bolts

Explanation:

As provided the machine hours are limited thus, the constraint is machine hours.

Accordingly contribution per machine hour shall be computed.

Denim has contribution of $14 for each 0.5 machine hour, thus, contribution per hour = [tex]\frac{14}{0.5} = 28[/tex]

Chenille has contribution of  $22 per machine hour

Gauze has contribution of $9 per 0.3 hours, thus contribution per machine hour = [tex]\frac{9}{0.3}[/tex] = $30

According to contribution per hour, ranking of products shall be

Gauze I

Denim II

Chenille III

Therefore, bolts of gauze to be produced = 1,200 that is maximum

Hours required = 1,200 [tex]\times[/tex] 0.3 = 360

Hours remaining = 3,600 - 360 = 3,240

Bolts of Denim to be produced = 6,000 that is maximum

Hours required = 6,000 [tex]\times[/tex] 0.5 = 3,000

Hours remaining = 3,240 - 3,000 = 240

Bolts of Chenille that can be produced = [tex]\frac{240\ hours}{1\ bolt\ per\ hour}[/tex] = 240 bolts

Total contribution in this case

= (1,200 [tex]\times[/tex] $9) + (6,000 [tex]\times[/tex] $14) + (240 [tex]\times[/tex] $22)

= ($10,800 + $84,000 + $5,280)

= $100,080

Start with the beginning balances for these​ T-accounts: Accounts​ Receivable, $100,000​, Allowance for Uncollectible​ Accounts, $14,000. Post the following 2018 transactions to the​ T-accounts: a. Service revenue of $697,000​, all on account b. Collections on​ account, $714,000 c. ​Write-offs of uncollectible​ accounts, $8,000 d. ​Uncollectible-account expense​ (allowance method), $11,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible​ Accounts?

Answers

Answer:

T-accounts:

The ending balances of Accounts Receivable and Allowance for Uncollectible​ Accounts are:

Accounts Receivable = $75,000

and

Allowance for Uncollectible Accounts = $17,000

Explanation:

Accounts Receivable

Accounts Title           Debit       Credit

Balance                  $100,000

Service Revenue    697,000

Cash                                         $714,000

Uncollectible written off             $8,000

Balance                                     $75,000

Allowance for Uncollectible Accounts

Accounts Title                   Debit       Credit

Balance                                            $14,000

Uncollectible written off $8,000

Uncollectible Expense                      11,000

Balance                            17,000

Students, Mark and Sarah, are discussing expectations of warehouses today. Mark says that warehouses are expected to execute more transactions in less time. Sarah says that warehouses are expected to handle and store more items. Which student, Mark or Sarah, is correct?

A. Mark is correct
B. Sarah is correct
C. Both is correct
D. Neither is correct ​

Answers

b. sarah is correct

2. A delivery company purchased a bunch of new trucks three years ago for $6 million. These trucks can be sold today for $5.3 million. The delivery company's current balance sheet shows net fixed assets of $3.2 million, current liabilities of $900,000, and net working capital of $215,000. If all the current assets were sold today and converted into cash, the delivery company would receive $1.25 million. Calculate the book value of the delivery company's total assets today. (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Book value of total assets $ Now, instead, calculate their market value. (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Market value of total assets $

Answers

Answer:

Explanation:

a. The following can be deduced from the question:

Net Fixed Assets = $3,200,000

Current Liabilities = $900,000

Net Working Capital = $215,000

We'll then calculate the current assets which will be:

= Current Liabilities + Net Working Capital

= $900,000 + $215,000

= $1,115,000

Total Assets will then be:

= $1,115,000 + $3,200,000

= $4,315,000

b. Market Value of Current Assets = $1,250,000

Market Value of Net Fixed Assets = $5,300,000

The Market Value of Total Assets will now be:

= $1,250,000 + $5,300,000

= $6,550,000

Answer:

1. Book value of total assets

Net Fixed Assets = $3,200,000

Current Liabilities = $900,000

Net Working Capital = $215,000

Current Assets = Current Liabilities + Net Working Capital

Current Assets = $900,000 + $215,000

Current Assets = $1,115,000

Total Assets = Current Assets + Net Fixed Assets

Total Assets = $1,115,000 + $3,200,000

Total Assets = $4,315,000

2. Market value of total assets

Market Value of Current Assets = $1,250,000

Market Value of Net Fixed Assets = $5,300,000

Market Value of Total Assets = Market Value of Current Assets + Market Value of Net Fixed Assets

Market Value of Total Assets = $1,250,000 + $5,300,000

Market Value of Total Assets = $6,550,000

as of December 31, 2020, was as follows: Common stock, par value $2; authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 85,000 Total Stockholders' Equity $135,000 On March 1, 2021, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. On March 1, 2021, the fair value of the stock was $6 per share. For the two months ended February 28, 2021, Firm ABC sustained a net loss of $15,000. What amount should Firm ABC report as retained earnings as of March 1, 2021

Answers

Answer:

$ 61,000

Explanation:

Calculation for the amount that Firm ABC should report as retained earnings as of March 1, 2021

Retained earnings Balance $ 85,000

Less: Shares issued ($9,000)

(1500 *$6 per share)

Less: Net Loss ($15,000)

Ending Balance $61,000

Therefore the amount that Firm ABC should report as retained earnings as of March 1, 2021 will be $61,000

COSO’s Internal Control Model has five components and 17 principles. Which of the following is(are) principle(s) of the control environment component? (Check all that apply.) A. A commitment to attract, develop, and retain competent individuals in alignment with objectives B. Commitment to integrity and ethics C. Holding individuals accountable for their internal control responsibilities in pursuit of objectives D. Considering the potential of fraud E. Selecting, developing, and performing ongoing or separate evaluations of the components of internal control

Answers

Answer:

COSO’s Internal Control Model

Selection of the principle(s) of the control environment component:

A. A commitment to attract, develop, and retain competent individuals in alignment with objectives

B. Commitment to integrity and ethics

C. Holding individuals accountable for their internal control responsibilities in pursuit of objectives

Explanation:

These two are not part of the five principles of the control environment:

D. Considering the potential of fraud

E. Selecting, developing, and performing ongoing or separate evaluations of the components of internal control

Specifically, the COSO framework principles on the control environment are:

1. Commitment to integrity and ethical values  

2. Ensuring that the board of directors exercises oversight responsibility  

3. Establishment of structures, reporting lines, authorities, and responsibilities  

4. Commitment to a competent workforce  

5. Holding people accountable

Sunbed Company sells tanning beds that are shipped in large reusable containers. Customers are charged a deposit for each container delivered and receive a refund when the container is returned. The deposit is three times the actual cost of each container. Deposits are forfeited if containers are not returned within one year. The inventory of containers remains on the companyâs books until deposits are forfeited. Deposits collected on containers delivered during the year were $100,000. Ninety-five percent of the containers were returned within the allotted time.Prepare the appropriate journal entry for the deposits returned to customers. (If no entry is required for a transaction/event, selec No journal entry required" in the first account field.)

Answers

Answer:

Liability needs to be reduced by cash refunds that are made to customers as and when the containers are returned.

Cash refunds = Deposits collected * Percentage returned

Cash refunds = $100,000 * 95%

Cash refunds = $95,000

Date  General Journal                             Debit         Credit

          Liability - Refundable Deposits  $95,000

                 Cash                                                        $95,000

Read the paragraph describing how to write a résumé and correctly fill in the missing information.

When writing your résumé, you need to start by analyzing the job description to determine what relevant experience and qualifications you have for the position. Then, you should list your job history, using ____ to make them easy to read. Review the layout to make sure that it is easy to read and ______.

Answers

Answer:

1. Bullet Points

2. Scan

Explanation:

I took the test and got it right. Hope this helps! :)

Answer:

Bullet pointsScan

Explanation:

Both of these are important. Bullet points are for short sentences, they make it easier for the reader to read. Scan is right because it is referring to bullet points, which make it easier for a reader to scan the page, and not have to search specifically for any one thing.

The stock of Pills Berry Company is currently selling at $90 per share. The firm pays a dividend of $2.75 per share. a. What is the annual dividend yield? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) b. If the firm has a payout rate of 40 percent, what is the firm’s P/E ratio? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Answers

Answer:

a. 3.06%

b. 13.04

Explanation:

The computation is shown below:-

a. Annual dividend yield = Annual dividend ÷ Current stock price

= $2.75 ÷ $90

= 3.06%

b. P/E ratio = Market price ÷ Earning per share

= $90 ÷ $6.9

= 13.04

where, EPS = $2.75 ÷ 40%

= $6.9

We simply applied the above formula and the same is to be considered

so that the correct answer could come

The preemployment stage of organizational socialization would be more effective if Multiple Choice job applicants distorted their resume in order to get the job offered. job applicants did not ask questions during their interview. employees engage in impression management. employers provide only positive information about the job. employers and job applicants gave and received accurate information about each other.

Answers

Answer:

Employees and job applicants gave and recieved accurate information about each other.

Explanation:

Organisational socialisation is that stage of employment where the new intakes learn more about the attitudes, knowledge, skills, and expectations of a new role.

This stage will be more successful if both employees and employers give accurate information about themselves.

The employer will know how much to expect of the employee as regards performance and adopting the company culture.

Employees will know what to expect on the job. It will reduce disappointment and tendency of leaving in the near future.

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