Otto Inc. retires old equipment with a book value of $2,400. The correct option is D. Recognize a loss of $2,400.
Book value refers to the total value of the company's assets that shareholders would theoretically receive if a company liquidated its assets and repaid all its debts. Book value per share (BVPS) is the per-share value of a company's equity calculated by dividing the total book value by the number of outstanding shares. The market price of the stock can differ from the book value of equity, therefore, stockholders may have a higher or lower percentage of book value than market value.
The question is formatted with HTML, and your answer should be as well. Here, the company is retiring old equipment with a book value of $2,400. If the retirement of an asset leads to a loss, it should be recognized in the accounting records. In accounting, the term loss refers to the difference between an asset's book value and the proceeds obtained from disposing of it.
When an asset is retired, its accumulated depreciation must be removed from its carrying amount, which is the original cost minus accumulated depreciation. The difference between the carrying value and the cash obtained is referred to as a loss. Therefore, in this case, Otto Inc. should recognize a loss of $2,400. So, the correct option is D. Recognize a loss of $2,400.
For more about equipment:
https://brainly.com/question/18850183
#SPJ11
ireasury bonds paying an 10.0% coupon rate with semiannual payments currently sell at par value. what coupon rate would thev have to pay in order to sell at par if they paid their coupons annually? (hint: what is the effective annual yield on the bond?
Treasury bonds paying 10.0% coupon rate with semiannual payments currently sell at par value. To sell at par with an annual coupon rate, the bond must pay an effective annual yield of 10.0%.
This can be calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%).
Therefore, to sell at par with an annual coupon rate, the bond must pay 10.0% coupon rate annually. This rate is the same as the effective annual yield of 10.0%, which is calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%).
To summarize, Treasury bonds paying 10.0% coupon rate with semiannual payments currently sell at par value. To sell at par with an annual coupon rate, the bond must pay an effective annual yield of 10.0%. This is calculated by taking the coupon rate (10.0%), dividing by 2 (since the payments are semiannual), and then multiplying by 2 again to get the effective annual yield (10.0%). Therefore, the coupon rate that the bond must pay in order to sell at par with an annual coupon rate is 10.0%.
To learn more about Treasury bonds here:
https://brainly.com/question/13984173#
#SPJ11
one common way to compute estimate at completion (eac) is to take the budget at completion (bac) and group of answer choices multiply by cpi. divide by cpi. multiply by spi. divide by spi.
One common way to compute Estimate at Completion (EAC) is to take the Budget at Completion (BAC) and multiply it by the Cost Performance Index (CPI). Then divide this value by the Schedule Performance Index (SPI) to get the EAC. Therefore, the correct option is to multiply by CPI.
EAC = BAC * CPI / SPI
To compute the Estimate at Completion (EAC), one common method is to multiply the Budget at Completion (BAC) with the Cost Performance Index (CPI).
Therefore, the correct option is to multiply by CPI.
EAC is a forecasting method that calculates the total cost of the project or the cost required to complete the project in the future. This can be calculated in a variety of ways, one of which is as follows:
EAC = BAC / CPI
If the project is completed throughout multiple periods or phases, it is critical to calculate EAC to estimate the future expenses of the project.
If actual project expenses differ from what was predicted, EAC must be revised to represent a more accurate forecast.
Learn more about Estimate at Completion here:
https://brainly.com/question/30623043
#SPJ11
There are variables available in BASH scripts that represent the arguments passed into the script. The first argument is assigned to which of the following variables?
A) $0 B) $1 C) #0 D) #1
The variable is available in BASH scripts that represent the arguments passed into the script with $1, $2,... as a reference are called shell positional parameters. The first argument passed into a BASH script is variable $1, So option B is correct.
The full form of BASH is Bourne-Again SHell. It is an abbreviation for Bourne-Again SHell, a shell or command-line interpreter for Unix-like operating systems. It is similar to the Bourne shell (sh) but includes many additional features.
Shell positional parameters may have any name, although they are usually identified as a number from 0 to 9. Here are some examples of shell positional parameters: $1, $2, $3, $4, and so on.
So, $1 will contain the first argument, and so on. Thus, option B is correct.
Learn more about BASH scripts here:
https://brainly.com/question/30426448
#SPJ11
First, you need to make some product ingredient decisions. Which option is most appropriate for Burnin' Rock? Select an option from the choices below and click Submit. A) Use the best ingredients, as specified in the product definition. B) Use less expensive ingredients and a small amount of actual exotic peppers. C) The product will still be as advertised, but the profit margin will be much greater.D) Use the best ingredients, and also market additional products, such as salad dressing.
Burnin' Rock is best served with less expensive ingredients and a limited quantity of real exotic peppers.
What are the four stages in a product's life cycle?The introduction, growth, maturity, and decline phases are the four main phases in a model for the product sales lifecycle. Sales as a function of how long the product has been on the market.
Which stage of the product life cycle sees the most severe competition and the most demand for inexpensive, high-quality products?As the mature stage begins, sales are still rising, but they are doing so far more slowly. Sales and profitability will start to decline quickly as this stage comes to a conclusion. Because so many brands are entering the market, this stage is marked by intense competition.
To know more about expensive visit:-
https://brainly.com/question/29842871
#SPJ1
at the end of the day, the cash register's record shows $1,250, but the count of cash in the cash register is $1,245 net of any change fund. the correct entry to record the cash sales for the day is: group of answer choices o dr cash 1,250 and cr sales 1,250 o dr cash over and short 5 and cr sales 5 o dr cash 1,245 and cr sales 1,245 o dr cash 1,250; cr sales 1,245; and cr cash over and short 5 dr cash 1,245; o dr cash over and short 5; and cr sales 1,250
The correct entry to record the cash sales for the day when the cash register's record shows $1,250, but the count of cash in the cash register is $1,245 net of any change fund is: dr cash 1,245;dr cash over and short 5; and cr sales 1,250. Therefore, the correct answer is E.
What are cash sales?Cash sales are any transactions made in cash that the business records in its financial records. Cash sales are a significant source of revenue for small enterprises. On a cash basis, companies record transactions when money is exchanged physically.
A cash basis isn't the only method of bookkeeping, but it's one of the most straightforward. A bookkeeper keeps track of cash receipts and cash disbursements on a cash basis of accounting.
A cash register is a computerized or mechanical device that manages the collection and distribution of cash and other payments. The cash register machine's key function is to record a transaction, both cash sales and credit sales, in a business.
The cash register machine keeps track of everything from the customer's orders to the cash outflow at the end of the day.
Therefore, the correct option is E.
Learn more about Cash entry here:
https://brainly.com/question/29773889
#SPJ11
AJJ Ltd has identified that all three of its main products are at the maturity phase of the product life cycle. Which of the following is AJJ likely to be experiencing due to this?
A. High, but declining sales
B. Growing numbers of competitors
C. Product diversification and differentiation strategies
D. Adoption of price skimming strategies
AJJ Ltd has identified that all three of its main products are at the maturity phase of the product life cycle. The product sales at this stage are high but declining. This implies that there is a decline in demand for their goods. The organization must introduce new products and expand into new markets to maintain profits and prevent further losses.
What is the Product life cycle?
The product life cycle consists of the four stages that a product goes through from introduction to the market to decline: Introduction, Growth, Maturity, and Decline. The duration of each phase is distinct and determined by the product's features, competition, and consumer preferences.
A company can use the following techniques to enhance profitability and extend its product life cycle in the maturity stage of the product life cycle:
1. Find fresh customers
2. Cut costs
3. Increasing promotion and advertising to stimulate demand.
4. Modify the product by adding new features or by redesigning it
5. Extend the product's life cycle by introducing complementary goods.
6. Keep the price as low as possible, while still keeping profits.
7. Price skimming can be used to attract early adopters.
8. Selling to other countries
9. Diversifying the product line in order to increase its appeal.
Therefore, the correct answer is A.
learn more about the Product life cycle here:
https://brainly.com/question/29406682
#SPJ11
During contract negotiations at a manufacturing company, the union negotiator brings up the issue of increasing workers' wages. Which of the following statements is true in this situation?a. This is an illegal issue, and the management should refuse to negotiate.b. The management need not negotiate on this issue because it is a permissive issue.c. The management needs to negotiate on this issue as it is a mandatory issue.d. This is a nonnegotiable issue because determining wages is part of management rights.
The correct answer to this question is option c. The management needs to negotiate on this issue as it is a mandatory issue.
Contract negotiation refers to the process of discussing and deciding the terms of a contract between parties. It is the procedure by which two or more parties agree on contract terms, conditions, and rules for a contract between them. During contract negotiations at a manufacturing company, the union negotiator raises the issue of increasing workers' wages. There are certain aspects of a contract that are mandatory issues, while others are permissive issues.
A mandatory issue is one that the management must negotiate on with the union. Increasing workers' wages is a mandatory issue, and as such, the management must negotiate with the union about it.
Contract negotiations can be a difficult process, but it is essential to ensure that all parties agree on the terms of the contract. During contract negotiations, the parties can use a variety of negotiation tactics to ensure that their interests are represented.
Thus, the correct option is C. The management needs to negotiate on the issue as it is a mandatory issued.
To know more about contract negotiation, visit: https://brainly.com/question/29521382
#SPJ11
As a financial advisor at Aggie Private Wealth Management, you are analyzing two securities, one stock and one bond, to construct a portfolio for a client who has a risk aversion coefficient of 5. Risk-free T-bills yield 4.0% in the market. Below are your estimates regarding the two securities:
Expected Return Standard Deviation
Stock 10% 32%
Bond 7 24
The correlation between the two securities is 0.13.
How would you allocate your client's optimal risky portfolio between the two securities: Stock and Bond? What would be the expected return and standard deviation of the optimal risky portfolio? You can use solver add-in in Excel to answer this question. (Use two decimal places for your answer in percentage form)
Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond.
A Stock is a manifestation of an individual or legal entity's equity participation in a corporation or limited liability company. A bond, on the other hand, is an authorization of debt by the bond issuer for a minimum term of one year.
There are some differences between stocks and bonds. Stocks are highly volatile and highly sensitive to macro and micro conditions. Bond prices, on the other hand, are relatively stable but sensitive to interest rates and inflation.
Shareholders have voting rights in the company (“GMS”). Bondholders, on the other hand, do not have voting rights in the company.
In the case of liquidation (dissolution of the company), the shareholders have reduced claims (residual receipts of the dissolution). However, in case of liquidation (dissolution of the company), creditors have priority over the company's assets.
Your optimal risky portfolio allocation for a client with a risk aversion coefficient of 5 should be 70% stock and 30% bond. The expected return of this portfolio is 8.70% and the standard deviation is 22.37%.
Learn more about Stocks and bonds: brainly.com/question/28813372
#SPJ11
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, thecommittee unanimously votes to increase the money supply using open market operations (OMOS). Duringthe press conference after the meeting a reporter asks you to explain what OMOS are and how you will usethem to increase the money supply. You reply:OMOS alter reserve requirement up or down. The money supply will increase when we useOMOS to decrease the reserve requirement.OMOS are the selling and buying of government securities. The money supply increaseswhen selling occurs and contracts when buying occurs. OMOS work by changing theamount of excess reserves available in the banking system.Open market operations refer to manipulating the rate at which the FED loans to memberbanks. Increasing the money supply occurs when the FED increases this rate, whichdecreases the amount of required reserves in the banking system.OMOS are the purchase and sale of government securities. To increase the money supplywe will buy government securities which increases the amount of reserves in the bankingsystem and fuels deposit expansion.
Open market operations (OMOS) are the buying and selling of government securities, such as Treasury bills and bonds, by the Federal Reserve in order to regulate the money supply in the economy.
OMOS alter the reserve requirement, which is the minimum amount of reserves a bank must hold, up or down. The money supply increases when OMOS are used to decrease the reserve requirement, because more funds become available for lending. This leads to increased deposits in banks, which then increases the money supply.
When the Federal Reserve sells government securities, it decreases the amount of reserves available in the banking system, which leads to a contraction of the money supply. Conversely, when the Federal Reserve buys government securities, it increases the amount of reserves available in the banking system, which leads to an expansion of the money supply.
In order to increase the money supply, the Federal Reserve will use open market operations to buy government securities. This will increase the amount of reserves in the banking system, leading to an increase in deposit expansion. This increases the money supply, making it easier for consumers and businesses to access credit and loans, leading to increased economic growth.
In summary, open market operations (OMOS) are the buying and selling of government securities by the Federal Reserve in order to regulate the money supply in the economy. Increasing the money supply occurs when the Federal Reserve buys government securities, which increases the amount of reserves in the banking system and fuels deposit expansion.
For more questions on government securities
https://brainly.com/question/29633937
#SPJ11
if an internet advertiser were to subscribe to nielsen-net ratings, it would receive information about the web surfing habits of various demographic groups. this would be an example of
Answer: This would be an example of using secondary market research. Nielsen-Net ratings is a market research tool that collects data on web surfing habits by demographic groups and provides the information to internet advertisers.
Explanation: The internet advertiser receiving information about the web surfing habits of various demographic groups by subscribing to Nielsen-Net Ratings would be an example of market research.
Market research is the systematic gathering, recording, and analysing of information relating to the marketing of goods and services. It includes research into consumers' characteristics, preferences, attitudes, habits, and purchasing power in order to determine whether the offering will be successful. It is also concerned with discovering the best way to persuade consumers to make a purchase.
Market research can be divided into two categories: primary research and secondary research.
Nielsen-Net Ratings is a market research company that provides comprehensive web measurement and analysis services. It measures online viewership for websites and digital content, generating ratings that are used by advertisers to determine the value of the audience they reach.
It is similar to television ratings in that it provides information on how many viewers watched a particular show, and it uses this information to help advertisers decide where to spend their advertising dollars.
Learn more about market research here:
https://brainly.com/question/12371177
#SPJ11
although raymond and maria both received a college education, their employment situations have very different economic consequences. what sentence most accurately summarizes the economic impact of unemployment of people with disabilities?
The sentence that most accurately summarizes the economic impact of unemployment of people with disabilities is that it leads to economic dependence.
What is economic dependence?Unemployment of people with disabilities can lead to economic dependence. When people with disabilities lose their jobs, they might not be able to find another job that fits their qualifications, which can lead to a long-term reliance on welfare or social security services.
People with disabilities may have higher expenses due to medical costs, mobility aids, or accommodations at work, which can increase their dependency on government services.
Even if they want to work and have the skills and qualifications required, they may face discrimination in the job market, making it even more difficult for them to find suitable employment.
According to data from the US Department of Labor, the unemployment rate for people with disabilities is higher than for people without disabilities. This difference has been observed consistently over time and applies to people of all ages, educational levels, and types of disability.
Therefore, programs that support people with disabilities to secure employment and to thrive in the workforce are essential.
Learn more about economic dependence here:
brainly.com/question/29796336
#SPJ11
Decision-making problems that could occur when using absorption costing include inappropriate ______ decisions, and decisions made to ______ products that are, in fact, profitable.pricing; dropvariable, absorptiontraceable; common
In the following question, in the missing blanks, The decision-making problems that could occur when using absorption costing include inappropriate "pricing" decisions and decisions made to "drop variable, absorption, and traceable common products" that are profitable.
What is Absorption Costing? Absorption costing is an accounting method that allocates all costs, including fixed overheads and variable overheads, to an individual product or service. As a result, it is also known as total cost or full-cost accounting. As compared to other costing methods, absorption costing is the most widely used. What is the Absorption Costing Method? Absorption costing includes a lot of additional costs that aren't always considered. The direct materials and direct labour, as well as fixed overhead, are all included in the cost of goods sold. Companies utilizing absorption costing must keep track of the actual costs associated with producing their goods, which can be a time-consuming and resource-consuming endeavour.
Decision-making problems that could occur when using absorption costing include inappropriate pricing decisions and decisions made to drop variable, absorption, and traceable common products that are profitable. For these reasons, variable costing is preferred by many business owners and managers because it offers greater clarity and is more easily understood. It is, however, important to remember that absorption costing is still a valuable tool for accounting purposes, despite its flaws.
For more such questions on decision-making
https://brainly.com/question/27004710
#SPJ11
During its 2021 fiscal year, Jacobsen Corporation reported before-tax income of $637,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain $217,000 Loss on discontinued operations (317,000) The company's income tax rate is 25% Jacobsen Corporation prepares its financial statements applying U.S. GAAP. In its 2021 income statement, Jacobsen would report income from continuing operations of: Multiple Choice a. $640.500
b. $477750 c. $397750 d. $637,000
From the information contained in the text above, the correct answer is c). $397,750.
To solve this problem, we need to first calculate the after-tax income of Jacobsen Corporation. Net profit after tax is the net income a company earns from net operating income (main business) or non-operating income (non-main business) during the period after income tax is deducted.
Unusual gain of $217,000 and loss on discontinued operations of (317,000) are both material in amount, thus we need to add and subtract them from the before-tax income of $637,000 respectively.
This gives us an after-tax income of $397,750 ($637,000 + $217,000 - $317,000). Since Jacobsen Corporation prepares its financial statements applying U.S. GAAP, the company's income from continuing operations will be reported as the after-tax income of $397,750.
Learn more about Income tax: brainly.com/question/26316390
#SPJ11
suppose a buyer agrees to purchase a tract of land for $40,000. the buyer is only able to obtain a mortgage for $32,000. rather than let the deal fall through, the seller agrees to accept $4,000 in cash and a note from the buyer for the remaining $4,000. this type of transaction is commonly referred to as a:
This type of transaction is commonly referred to as a land contract. In this transaction, the buyer agrees to purchase a tract of land for $40,000 but is only able to obtain a mortgage for $32,000.
What is a land contract?A land contract is a written agreement between a seller and a buyer that provides a mechanism for the sale of a property. A land contract, sometimes known as a contract for deed, is a purchase agreement between a seller and a buyer in which the seller agrees to finance the sale rather than having the purchaser borrow money from a bank, credit union, or other financial institution.
The buyer agrees to pay the seller the purchase price in installments under a land contract, typically with a down payment of between 10% and 20% of the purchase price, and the seller agrees to transfer the property's title to the buyer upon payment of the final installment.
Learn more about Land contracts here:
https://brainly.com/question/14630205
#SPJ11
you own a fixed-income asset with a duration of seven years. if the level of interest rates, which is currently 8.4%, goes down by 10 basis points, how much do you expect the price of the asset to go up/down (in percentage terms)? (input the value as a positive value. do not round intermediate calculations. round your answer to 2 decimal places.)
If the level of interest rates, which is currently 8.4%, goes down by 10 basis points, the expected change in the price of the asset is an increase of 0.7%.
Duration is a measure of the sensitivity of the price of a fixed-income asset to a change in interest rates. It measures the weighted average time to maturity of the bond's cash flows, taking into account the present value of each cash flow.
When interest rates decrease, the price of fixed-income assets tends to increase, and when interest rates increase, the price of fixed-income assets tends to decrease.
Using the modified duration formula:
% Change in Price = - Duration x % Change in Yield
Given that the duration is seven years and the yield decreases by 0.1%:
% Change in Price = -7 x (-0.1%) = 0.7%
Therefore, the expected change in the price of the asset is an increase of 0.7%.
Learn more about assets here:
https://brainly.com/question/14162413
#SPJ11
ig wave entertainment is a newly-opened computer game developer. although the company creates quality computer games, no intermediary will agree to distribute their products. in order to get its games to consumers, big wave may need to create a(n) distribution system.
The best option for Big Wave Entertainment to get its computer games to consumers is to create its direct distribution system.
This will allow the company to have more control over the sale and distribution of its products, as well as potentially increase profits by not having to go through intermediaries.
Creating a distribution system involves developing a strategy to get products to customers in a timely and cost-effective manner. This could include hiring sales staff, creating partnerships with retailers or shipping companies, or using technology to directly market products.
Additionally, a system must be put in place to track orders, returns, and customer feedback. All of this must be done with the goal of creating a successful distribution network that can consistently get the company's products to customers.
To know more about distribution system click on below link:
https://brainly.com/question/27905732#
#SPJ11
Complete question:
Big Wave Entertainment is a newly-opened computer game developer. Although the company creates quality computer games, no intermediary will agree to distribute their products. In order to get its games to consumers, Big Wave may need to create a(n) ______ distribution system.
determine whether an observational or experimental study is appropriate to address the following statement. a coffee shop manager wants to find out if using a new cleaning product will reduce staffing costs.
An observational study is appropriate to address the statement: A coffee shop manager wants to find out if using a new cleaning product will reduce staffing costs.
What is an observational study? Observational studies are studies where the investigator merely observes and records data. These studies may take place in the field or in the laboratory. Observational studies are further divided into cohort studies and case-control studies.Observational studies can be used to determine if an event is connected to a specific intervention. Observational studies can be used to determine if a health care system or program is successful in improving health outcomes.
Observational studies are conducted by trained investigators in a natural setting. What is an experimental study? An experimental study is a type of study in which the investigator carefully observes and records the results of a specific intervention. In an experimental study, the investigator compares a group of individuals who receive an intervention with a control group that does not receive the intervention. The purpose of the experimental study is to determine if the intervention is effective in achieving the desired outcome.
Read more about manager here:https://brainly.com/question/1276995
#SPJ11
After Ethan Corp. merged with Barker Enterprises, it was noticed that due to increased employee collaboration between the two companies, costs were down and revenues increased within both areas. This is an example of what business phenomenon? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Strategy execution b Portfolio strategy с Core competency d Synergy e Delivering value
After Ethan Corp. merged with Barker Enterprises, it was noticed that costs were down and revenues increased within both areas. This is an example of d. synergy.
Synergy is defined as an interaction or collaboration that results in a whole that is greater than the sum of its parts.
Synergistic phenomena are ubiquitous in the natural world, ranging from physics (for example, the various combinations of quarks that produce protons and neutrons) to chemistry (a popular example is water, a compound of hydrogen and oxygen).
To cooperative interactions among genes in genomes, the division of labour in bacterial colonies, scale synergies in multicellular organisms, and the many different types of synergies produced by socially organized systems.
In the context of organizational behavior, synergy is the ability of a group to outperform even its best individual member, based on the belief that a cohesive group is more than the sum of its parts.
To know more about synergy:
https://brainly.com/question/26886908
#SPJ4
It costs an operation $3.00 to produce a menu item. The operation sells the item for $12.00. As a result, the food cost percentage for this item is 20%. True or false
The statement "As a result, the Food Cost Percentage for this item is 20%" is true when considering the cost of production and selling price of the menu item.
Let's understand what is food cost percentage and how it is calculated. Food cost percentage is a calculation used in the restaurant and food service industry to determine the cost of ingredients used in a menu item compared to the price at which it is sold. It is the percentage of the total cost of food ingredients and labor required to make a dish.
1)The Food Cost Percentage is the cost incurred by the operation to produce the menu item compared to the selling price of the same item.
2) It is calculated by the formula:
Food Cost Percentage = (Cost of Production / Selling Price) * 100,
Cost of Production = $3.00 Selling Price = $12.00Now,
Food Cost Percentage = (3/12)*100
= 25%
Hence, the food cost percentage for this item is 25%. So, the statement "As a result, the food cost percentage for this item is 20%" is false.
Learn more about the Food Cost Percentage: https://brainly.com/question/30650717
#SPJ11
If a make-to-stock manufacturing firm with highly seasonal demand follows a chase demand strategy, which of the following is likely to be true?
A. The production rate must be set equal to the demand in the heaviest demand period, and it must stay at that level all year.
B. It will be easy to keep the workforce size stable.
C. Inventory will fluctuate significantly during the year.
D. The firm likely will have higher capital investment than if it followed a level plan.
In the following question, among the given options on a chase demand strategy, the statement is said to be, The correct answer is C. Inventory will fluctuate significantly during the year.
If a make-to-stock manufacturing firm with highly seasonal demand follows a chase-demand strategy The correct answer is C. Inventory will fluctuate significantly during the year. This is because a make-to-stock manufacturing firm with a chase-demand strategy will attempt to match production with demand. During the peak demand periods, the production rate must be set equal to the demand, which will lead to a higher inventory level than during the low demand periods. This means that inventory will fluctuate significantly during the year.
For more such questions on chase demand
https://brainly.com/question/13071850
#SPJ11
Green Lawns Corporation carned $500 for landscaping services rendered. The customer promised to pay at a later time. Which of the following accounts increased as a result of this transaction? A. Cash B. Accounts Payable C. Accounts Receivable D. Supplies
The correct answer is C- Accounts Receivable. As Green Lawns Corporation performed services for the customer, the amount of $500 was earned and is owed to the corporation. This transaction increases the Accounts Receivable account, which represents the amounts due to a business from its customers.
Accounts Receivable is a short-term balance sheet asset account that arises when a business grants credit to its customers for the sale of its goods or services. A transaction is a business event that results in a financial change in a company. Transactions could be the buying of supplies, providing services, or selling goods. An organization's financial records keep track of these transactions, which may occur at any time during the year. Transactions that affect the accounting equation are referred to as accounting transactions. These activities have an impact on the company's financial position, and their effects are reported in the company's financial statements.
Accounts Receivable is a short-term balance sheet asset account that arises when a business grants credit to its customers for the sale of its goods or services. It occurs when a company provides a customer with a service or product and issues an invoice for payment at a later date.
Hence, Option C - accounts receivable is correct.
Read more about "Accounts"; https://brainly.com/question/30104320
#SPJ11
why do companies need to act fast or they will have nothing to capitalize on during recession in usa 2023 data
During recession, companies need to act fast, or they will have nothing to capitalize on. During a recession, companies will have to face a reduction in their profits due to lower customer demand, reduced liquidity, and a slowdown in the economy.
As a result, businesses must act quickly to stay afloat during the recession. The following are some reasons why companies need to act quickly during a recession:
Keep an eye on the Cash flow: Companies need to monitor their cash flow regularly to see where they are overspending and where they may be able to cut back. They must also maintain close control of the amount of cash they have on hand, as a recession may cause cash flow issues. Moreover, In times of economic uncertainty, it is critical for businesses to pay close attention to their cash balances, cash reserves, and cash flow projections.
Reducing Costs: During a recession, businesses may be forced to reduce costs in order to remain afloat. It's critical to keep track of expenditures, such as labor, office expenses, marketing and advertising, and travel costs. Business owners must determine which expenses are necessary and which can be cut. If companies want to stay profitable, they must continue to monitor their expenses.
Creating new strategies: Companies must begin to innovate and create new business strategies during a recession to maintain their competitiveness. They may attempt to enter new markets, develop new goods and services, or alter their business models to adapt to changing consumer habits. They must also assess the potential risks of their new strategies while also prioritizing innovation over short-term gains in revenue.
In conclusion, companies need to act fast during recession or they will have nothing to capitalize on. So, it is essential for companies to keep an eye on cash flow, reduce costs and create new strategies to stay profitable during the recession.
For more about recession:
https://brainly.com/question/14737261
#SPJ11
entify which of the following steps are used to prepare the income statement section of the worksheet: multiple select question. extend the expense account balances from the adjusted trial balance to the debit columns of the income statement sections confirm that total debits equal total credits extend the revenue account balances from the adjusted trial balance to the credit columns of the income statement sections calculate the total of the debit and credit columns extend the equity account balances from the adjusted trial balance to the credit columns of the inco
To prepare the income statement section of a worksheet, multiple steps are involved. The correct steps for preparing the income statement section of the worksheet are as follows: Confirm that total debits equal total credits.
Extend the expense account balance from the adjusted trial balance to the debit columns of the income statement sections. Extend the revenue account balances from the adjusted trial balance to the credit columns of the income statement sections. Calculate the total of the debit and credit columns. Extend the equity account balances from the adjusted trial balance to the credit columns of the income statement sections. What is a worksheet? A worksheet is a document that is created by an accountant in which all the accounts of the business are collected in a single sheet. A worksheet aids accountants in preparing financial statements such as the income statement, balance sheet, and cash flow statement. It is a preliminary accounting record that is used to aid accountants in the development of financial statements.
Read more about accounting here:https://brainly.com/question/26690519
#SPJ11
Spam (junk e-mail) is a major annoyance for many people who use the internet. However spammers sometimes have to send thousands of messages to get just one response that pays money. Given this information:
"Spam (junk e-mail) is a major annoyance for many people who use the internet. However spammers sometimes have to send thousands of messages to get just one response that pays money. Given this information: spamming can be profitable even with a very low number of buyers because the marginal cost of sending spam is virtually zero."
Spamming can be a profitable business for spammers even though it is a major annoyance for internet users. This is because spammers typically send thousands of messages in the hope of getting just one response that pays money. Despite the low response rate, the marginal cost of sending spam is virtually zero, meaning that it costs very little to send each additional message once the initial infrastructure is in place.
This allows spammers to reach a large audience with relatively little effort and expense, making it possible for even a small number of buyers to generate a profit.
This question should be provided as:
Spam (junk e-mail) is a major annoyance for many people who use the internet. However spammers sometimes have to send thousands of messages to get just one response that pays money. Given this information:_________.Learn more about Spam emails https://brainly.com/question/29827400
#SPJ11
true or false: the effective rate of interest subject to compounding cannot be lower than the nominal rate of interest.
True, the effective rate of interest subject to compounding cannot be lower than the nominal rate of interest.
What is the effective rate of interest?The effective rate of interest is the amount of interest that is charged on a sum of money at a particular time. The interest rate may differ depending on the method used to determine it. The nominal interest rate is the rate at which interest is paid on a principal amount, while the effective interest rate is the actual rate at which interest is paid after compounding.
The effective rate of interest formula for calculating the effective rate of interest is as follows:
Effective rate of interest = [(1 + nominal rate of interest/n) ^ n]-1
Where n = a number of compounding periods each year
Learn more about effective rate of interest here:
https://brainly.com/question/13322646
#SPJ11
Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, overhead is applied on the basis of machine hours. The expected overhead for the year was $5.7 million, and the practical level of activity is 375,000 machine hours. During the year, Craig used 382,500 machine hours and incurred actual overhead costs of $5.73 million. Craig also had the following balances of applied overhead in its accounts:Assuming the overhead variance is material, prepare the journal entry that appropriately disposes of the overhead variance at the end of the year. If an amount box does not require an entry, leave it blank.
The journal entry that appropriately disposes of the overhead variance at the end of the year is Cr. Cost of goods sold $90,000 and Dr. manufacturing overhead $90,000.
When overhead variance is material, the journal entry that appropriately disposes of the overhead variance at the end of the year is done by adjusting the cost of goods sold. This is because cost of goods sold is an income statement account and as such, is adjusted against the variance account. This leads to the creation of a variance account debit and a cost of goods sold credit.
Hence, the journal entry that appropriately disposes of the overhead variance at the end of the year is shown below:
Account Title Debit Credit
Work-in-process inventory $0
Finished goods inventory $0
Cost of goods sold$ $90,000
Manufacturing overhead $90,000
In the given question, the expected overhead for the year was $5.7 million, and the practical level of activity is 375,000 machine hours. During the year, Craig used 382.500 machine hours and incurred actual overhead costs of $5.73 million. To calculate the overhead variance, we will use the formula:
Overhead variance = Actual overheads – Applied overheads
Here, Actual overheads = $5,730,000
Applied overheads = Predetermined overhead rate × Actual machine hours = $5,700,000 ÷ 375,000 machine hours = $15.2 per machine hour.
Applied overheads = $15.2 × 382,500 machine hours = $5,820,000
Overhead variance = Actual overheads – Applied overheads = $5,730,000 – $5,820,000= ($90,000)
As the variance is a negative amount, it shows that the actual overhead cost was more than the applied overhead cost. So, we will credit the cost of goods sold with $90,000 and debit the manufacturing overhead (variance account) with the same amount i.e $90,000. This will write off the variance account balance.
Note: The question is incomplete. The complete question probably is: Craig Company uses a predetermined overhead rate to assign overhead to jobs. Because Craig's production is machine intensive, overhead is applied on the basis of machine hours. The expected overhead for the year was $5.7 million, and the practical level of activity is 375,000 machine hours. During the year. Craig used 382.500 machine hours and incurred actual overhead costs of $5.73 million. Craig also had the following balances of applied overhead in its accounts:
Work-in-process inventory $576,000
Finished goods inventory $624,000
Cost of goods sold $1,800,000
Assuming the overhead variance is material, prepare the journal entry that appropriately disposes of the overhead variance at the end of the year.
Learn more about Overhead variance:
https://brainly.com/question/15700381
#SPJ11
ron landscaping's income statement reports not income of $74,300 which includes deductions for interest expense of $11,000 and income taxes on $33,900 it's times interest earned is
Ron Landscaping's income statement reports a net income of $74,300 which includes deductions for interest expense of $11,000 and income taxes of $33,900. Its Times interest earned is 9.48.
What is the Times interest earned?
The interest coverage ratio is expressed as times interest earned. This indicates how frequently a business can cover its interest costs in relation to its revenue.
Times interest earned (TIE) = Net Income + Interest Expense / Interest Expense. We can substitute the given values into the formula: TIE = (74,300 + 11,000) / 11,000TIE = 8.75. But this answer is incorrect because we need to account for the income taxes of $33,900 as well. The correct equation to use is Times interest earned (TIE) = Net Income + Interest Expense + Income Tax Expense / Interest Expense. To find the TIE, we can substitute the given values into the equation: TIE = (74,300 + 11,000 + 33,900) / 11,000 TIE = 9.48. Therefore, Ron Landscaping's TIE is 9.48.
learn more about Times interest earned here:
https://brainly.com/question/14185533
#SPJ11
A(n) ___________ strategy allows retail customers to order products anywhere, any time, and on any device, while also allowing them to take delivery when and where they want.
value co-creation
omnichannel
hybrid logistics
information-centric
An omnichannel strategy allows retail customers to order products anywhere, any time, and on any device, while also allowing them to take delivery when and where they want.
What is an omnichannel strategy?An omnichannel strategy is a business model that allows a customer to buy items online or offline. An omnichannel strategy can help to increase customer loyalty, but it also has the potential to complicate inventory management and distribution processes.
An omnichannel strategy is a strategy in which retailers sell through a variety of channels. Online, mobile, in-store, and other channels are all included in the strategy. A unified brand identity and user experience is created by an omnichannel strategy. Customers will order products wherever, whenever, and on whatever device they choose with an omnichannel strategy. They can then take delivery of the product when and where they choose.
Learn more about omnichannel strategy here: https://brainly.com/question/29423678
#SPJ11
The strategic management process begins when executives: A. scan the organization to identify strategic issues that might require change. B. identify strengths and weaknesses and other strategic factors. C. scan the organization's internal and external environments. D. evaluate their current position with respect to mission, goals, and strategies.
The strategic management process begins when executives scan the organization's inner and outer environments. Thus, option c is correct.
The strategic management strategy is a constant process that affects the study of the inner and outer environment. The effect of a strategic approach, the implementation of the system, and the evaluation of the results result in the outcome of this strategy in a successful firm.
The strategic management approach starts with a concert of technique and performance. Strategic leadership is both an art and a science. It involves multiple conceptualizations of the idea of strategy drawn from recent and ancient history through experience.
To learn more about the strategic management process
https://brainly.com/question/28102251
#SPJ4
If a change in aggregate demand results in a recession, the price level and real output will change in which of the following ways in the short run? A) Price Level: No change Real Output: Increase B) Price Level: Increase Real Output: No change C) Price Level: IncreaseReal Output: Decrease D) Price Level: Decrease Real Output: No change E) Price Level: Decrease Real Output: Decrease
The short-run impact of a decrease in aggregate demand is a decrease in both the price level and real output. Thus, the correct answer is option E: "Price Level: Decrease Real Output: Decrease".
In the short run, a decrease in aggregate demand causes a decrease in the overall demand for goods and services, which results in a decrease in production and a decrease in the price level. The decrease in production can lead to a decrease in employment, income, and consumption.
As a result, firms may lower their prices to attract more consumers, which further reduces the price level. The overall effect is a decrease in the price level and a decrease in real output. This can lead to a recession, which is characterized by high unemployment rates, low economic growth, and low consumer confidence.
Learn more about aggregate demand https://brainly.com/question/1490249
#SPJ11