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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fill in the blank. by drawing a demand curve with___on the vertical axis and___on the horizontal axis, economists assume that the most important determinant of the demand for a good is the___of the good.
By drawing a demand curve with price on the vertical axis and quantity on the horizontal axis, economists assume that the most important determinant of the demand for a good is the price of the good.
In the term of business and economic, A demand curve generally can be defined as a graph that shows the relationship between the price of a good or service. The demand curve also has a function to show the quantity demanded within a specified time frame. To understand the price and quantity relationship for consumers in a particular market, we can use a demand curve to solved it. In the demand curve, the curve will slope down due to an inverse relationship between price and demand.
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True or False : The cost of an inventory item includes its invoice cost minus any discount, plus any incidental costs (such as import duties, freight, storage, insurance, etc...)
The statement The cost of an inventory item includes its invoice cost minus any discount, plus any incidental costs is true. The cost of an inventory item is the invoice cost, less any discounts, plus any additional costs or incidentals required to prepare the item for sale.
Import taxes, freight, storage, and insurance are examples of incidental expenses that are frequently included in the cost of inventory. Only the invoice cost—the sum paid to the supplier for transporting the inventory to its current location and state—would be included in the cost of inventory. The cost of insurance and storage would be included in the profit and loss statement rather than being used to determine recorded cost.
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Suppose Martha and Julia both work at a bakery making bread and muffins. In an hour, Martha can either make 10 loaves of bread or 40 muffins, while Julia can either make 12 loaves of bread or 60 muffins. Both Martha and Julia work 8 hours a day.
a. Draw Martha's daily PPC.
Instructions: Use the tool provided to draw Martha's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the diagram.
b. Draw Julia's daily PPC.
Instructions: Use the tool provided to draw Julia's PPC curve. Plot only the endpoints and locate these endpoints on the axes of the diagram.
c. What is the opportunity cost to each of making one loaf of bread?
Martha's opportunity cost of making a loaf of bread: muffins
Julia's opportunity cost of making a loaf of bread: muffins
d. What is the opportunity cost to each of making one muffin?
Instructions: Enter your responses rounded to two decimal places.
Martha's opportunity cost of making a muffin: loaves of bread
Julia's opportunity cost of making a muffin: loaves of bread
e. Who has the comparative advantage in making bread?
Neither
Julia
Martha
f. Who has the absolute advantage in making bread?
Julia
Neither
Martha
g. Suppose you are the owner of the bakery. If Julia and Martha are currently both spending all of their time making muffins, then which of them should you ask to start making bread?
Martha because her opportunity cost of making bread is higher than Julia's.
Julia because her opportunity cost of making bread is lower than Martha's.
Martha because her opportunity cost of making bread is lower than Julia's.
If Julia and Martha are currently both spending all of their time making the muffins, then Martha because her opportunity cost of making the bread is higher than Julia's.
What is opportunity cost?Opportunity cost is the value of the next best alternative that must be foregone in order to pursue a certain action or decision. In other words, it is the cost of what is given up in order to obtain something else. For example, if a person decides to spend money on a vacation, the opportunity cost would be the other things they could have done with that money, such as investing or saving it. Opportunity cost is an important concept in economics, as it helps individuals and businesses make informed decisions by weighing the benefits and drawbacks of different options. It is also a reminder that resources are scarce and every choice comes with a trade-off.
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is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees
Corporate philanthropy is the practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteers' efforts of company employees.
What is Corporate philanthropy ?Corporate philanthropy refers to the practice of businesses and corporations giving money, time, or resources to charitable causes, nonprofit organizations, or community groups.
Many companies engage in corporate philanthropy as a way to support the communities where they do business, enhance their public image, and improve employee morale.
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start by explaining what happens to supply/demand and then explain what happens to the price and quantity: a cold snap hits florida and damages much of the orange crop
Florida has a cold snap, and as a result, crops there are impacted by the freezing weather. The orange harvest in Florida is also impacted by the cold weather, which results in less oranges available in supermarkets. Oranges are thus in low supply on the market. There will be less demand for orange juice as the price increases.
What is the cost when a cold wave hits Florida?Answer & explanation: a. Orange juice costs more in supermarkets around the nation when a cold front approaches Florida. The price of materials has caused a decline in supply.
What occurs to the orange juice business when a cold front reaches Florida?
Orange supplies would fall if Florida had a frost. Orange prices would rise as a result of this reduction in supply, which would also boost orange juice prices. There will be less demand for orange juice as the price increases.
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Complete question:
Did Libra Ltd take advantage of the credit terms offered by its trade creditors? Substantiate your answer.
Yes, Libra company took full advantage of credit terms offered by creditors.
What are credit terms?Credit terms specify when payment is due for credit sales, any applicable discounts, and any applicable interest or late payment fees.
Calculate average payment period as below:
Purchases for the year = $5,60,000+ $1,600,00-$1,800,000
= $5,400,000
Credit purchases = 80% × $5,400,000
= $4,320,000
Average creditors = $1,600,000+$1,800,000/2
= $1,700,000
Creditor's turnover = $5,60,000/ $1,700,000 = 3.29
Average payment period = 365/3.29 = 110.94 days.
Credit period allowed by the creditors is 90 days and the company on an average is paying to the creditors in 111 days( rounded off).
Therefore it has taken full advantage of credit terms offered.
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Your question is incomplete, but most probably the full question was,
One year many customers' machinery is wearing out and needs replacing. The following year no customers need new machinery. This is an example of ________ demand.
The example given is a cyclical demand concept
The Cyclical demand conceptCyclical demand refers to the fluctuation of demand over time in response to changes in economic conditions, such as shifts in business cycles or market conditions.
In this example, the increased demand for new machinery in one year suggests a period of economic growth, while the lack of demand in the following year may indicate a slowdown or recession in the economy.
Hence the given example is an example of cyclical demand concept
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pm.66 real estate developer russell call was working with a few contractors to make a number of improvements to one of his rental properties. after gathering information from these contractors he determined the following durations, predecessors, and costs of all the required activities:
Real estate developer Russell Call was working on a rental property, and needed to make a number of improvements.
He gathered information from a few contractors to determine the durations, predecessors, and costs of all the required activities.Using this information, he created a project network diagram to help him visualize the sequence of activities and dependencies.The project network diagram showed each activity as a node, connected by arrows that represented the dependencies between activities. The diagram also showed the estimated durations for each activity, along with the associated costs.Some of the activities had predecessors, meaning that they could not start until a previous activity had been completed. Russell used this information to sequence the activities in the most efficient way possible, to minimize the project duration and cost.used Real estate this information to develop a project schedule, which showed the start and end dates for each activity, as well as the critical path for the project.The critical path was the longest sequence of activities that could not be delayed without delaying the entire project.
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In analyzing the differences among Theories X, Y, and Z managers, it is appropriate to assess that:
Theory Z managers believe that getting the employees more involved in the work-related decisions will generally increase productivity.
Simply put, Theory Z can be understood as a management strategy that combines American and Japanese management concepts, among others: employment stability, consensus politics, delays in evaluation and promotion processes, and intra-group ownership.
A manager is someone who is responsible for a part of the company, i.e., who "runs" the company. A manager can be accountable to the department and the people who work there. In some cases, managers are responsible for the company as a whole.
A manager is a person who primarily performs administrative functions. They must have the authority to hire, terminate, discipline, evaluate performance, and monitor attendance.
They also need permissions to authorize overtime and authorize time off. He or she is her boss.
A manager's tasks also include managing employees or parts of the company in their daily work.
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In analyzing the differences among Theories X, Y, and Z managers, it is appropriate to determine that Multiple Choice Theory Z managers believe that employees prefer to be directed. Theory Z managers understand that workers prefer to work by themselves, and will do their best work individually rather than with a team. Theory Z managers believe that getting employees more involved in work-related decisions will generally increase productivity. Theory Z managers believe that decision making is not part of an employee's responsibilities.
Assume that you are the finance manager of limited company .you have $ 10,000 to invest in a project. The life of the project is 20 years. The project will generate annual cash of $2,400 per year.
What will be the present value?
The project's estimated current value is $29,889.60.
What is the present value?A future sum of money or stream of cash flows' present value (PV), assuming a given rate of return, is their current value. Future value is converted to present value by using either a discount rate or the interest rate that would be earned if an investment were made.
Given
Invested Value = $10,000
Time = 20 Years
Cash Inflow = $2,400 per Year
Rate = 100 / 20 = 5%
Required to Calculate Present Value =?
To calculate the present value of the project, we can use the formula for the present value of an annuity:
PV = C x [(1 - (1 + r)^-n) / r]
where PV is the present value, C is the cash flow per period, r is the discount rate, and n is the number of periods.
In this case, C = $2,400 per year, n = 20 years, and we need to determine the appropriate discount rate to use. Let's assume a discount rate of 5% per year.
Substituting these values into the formula, we get:
PV = $2,400 x [(1 - (1 + 0.05)^-20) / 0.05]
PV = $2,400 x [(1 - 0.37689) / 0.05]
PV = $2,400 x (0.62311 / 0.05)
PV = $2,400 x 12.462
PV = $29,889.60
Therefore, the present value of the project is approximately $29,889.60. This means that if the company were to invest $10,000 today in this project with a 5% discount rate, it could expect to receive $2,400 per year for the next 20 years, and the total value of those cash flows would be $29,889.60.
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true/false. some economists have suggested incorporating a measurement of happiness iron gdp. identify two specific measurements that could be used to computer happiness in gdp
The given statement "some economists have suggested incorporating a measurement of happiness iron GDP" is true because some economists have suggested incorporating a measurement of happiness, or subjective well-being, alongside traditional economic measures like GDP.
Two specific measurements that could be used to compute happiness in GDP are:
Life satisfaction: This can be measured through surveys that ask people to rate their overall level of satisfaction with their lives. This measure provides an indication of how people perceive their well-being and can be used to track changes in overall happiness over time.Positive affect: This measures the frequency and intensity of positive emotions such as happiness, joy, and contentment. It can be assessed through surveys that ask people to report on their experiences over a certain period of time, such as the past day or week. Tracking changes in positive affect can provide insight into how changes in economic conditions impact people's emotional well-being.You can learn more about GDP at
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im.56 throughout the year an auto parts warehouse places several orders for a high-volume automobile air filter. the demand for this air filter is very stable (flat) and the lead time from the supplier is very reliable (no variation), consequently the warehouse holds virtually no safety stock for this item. when placing orders for this air filter the warehouse uses an order quantity of 180 units and pays an annual holding cost of $2.00 per unit per year.How much will the warehouse pay in total annual holding costs for this air filter? (Display your answer to the nearest whole number.)
The warehouse will pay a total annual holding cost of $180 for this air filter.
The total annual holding cost for this air filter can be calculated using the formula:
Total Annual Holding Cost = (Average Inventory Level) x (Holding Cost per Unit)
EOQ = ((2 x Demand x Ordering Cost) / Holding Cost per Unit)
Then, the number of orders placed in a year would be:
Number of Orders = Annual Demand / Order Quantity = D / 180
Total Ordering Cost = Ordering Cost per Order x Number of Orders
EOQ = (2 x D x Ordering Cost per Order) / Holding Cost per Units
180 units is the order quantity, so we can set the EOQ formula equal to 180 units and solve for D:
180 = ((2 x D x Ordering Cost per Order) / Holding Cost per Unit)
Sqaring both sides:
32400 = (2 x D x Ordering Cost per Order) / Holding Cost per Unit
D = (32400 x Holding Cost per Unit) / (2 x Ordering Cost per Order)
Number of Orders = D / 180 = [(32400 x Holding Cost per Unit) / (2 x Ordering Cost per Order)] / 180
Number of Orders = (180 x 32400 x Holding Cost per Unit) / (2 x 180 x Ordering Cost per Order)
Number of Orders = (32400 x Holding Cost per Unit) / Ordering Cost per Order
Average Inventory Level = Order Quantity / 2 = 180 / 2 = 90 units
Total Annual Holding Cost = Average Inventory Level x Holding Cost per Unit
Total Annual Holding Cost = 90 x $2.00 = $180.00
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The business environment is changing dramatically, and organizational buying is also changing. As organizations are pressured to improve product quality, control costs, and minimize inventory, they are:
A. elevating their purchasing directors to reflect the increasing importance of this function.
B. replacing just-in-time inventory control with a more practical technique.
C. using less global sourcing to reduce transportation costs.
D. using reduced value analysis.
E. all of these.
A. promoting their purchasing directors to reflect this function's growing significance.
How have customer expectations changed over time?Customer expectations are, by definition, any set of behaviors or actions that customers anticipate when interacting with a business. In the past, customers had high expectations, but today's customers have much higher expectations, such as proactive service, personalized interactions, and connected digital channel experiences.
A. elevating their purchasing directors to reflect the increasing significance of this position.
Globally, 15,600 consumers and business buyers were surveyed by Salesforce Research to better comprehend how customer expectations are shifting. The term "customers" refers to the sum of responses from both business buyers and consumers in this study.
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choose the option that is a capital budgeting decision group of answer choices A. deciding if the firm should repurchase some of its outstanding shares B. deciding between issuing stock or debt securities C. deciding whether the firm should go public D. deciding whether to buy a new machine or repair the old machine
D) Deciding whether to buy a new machine or repair the old machine. A capital budgeting decision is whether to purchase a new machine or repair the existing one.
Investment decisions are made as part of capital budgeting decision. An investment choice is whether to buy a new equipment or repair the one you already have. Consequently, it is a capital budgeting choice. The right course of action is to choose between buying a new computer and having the old one repaired. A capital budgeting choice entails both an investment and a financial commitment. The corporation commits money to a project, but it also invests in its long-term strategy, which will probably have an impact on initiatives it considers in the future. The quantity of money and its intended use are determined by the budgeting decision. Where the money comes from is determined by the financing choice.
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Cadillac Square Corporation determined that $1,000,000 of its research tax credit on its current-year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management made the following assessment of the company's potential tax benefit from the deduction and its probability of occurring Potential Estimated Individual Probability of Occurring (%) 40 25 20 15 Cumulative Probability of Occurring (%) 40 65 85 100 Benefit 1,000,000 $750,000 $500,000 What amount of the tax benefit related to the uncertain tax position from the research tax credit can Cadillac Square Corporation recognize in calculating its income tax provision in the current year? Answer is complete but not entirely correct. Tax benefit amount recognized $ 250,000
$750,000, an amount that has a cumulative probability greater than 50%. Cadillac Square Corporation records an increase in income tax liability (income tax expense) of $250,000.
This is the difference between the full tax return profit of $1,000,000 and the expected profit of $750,000 retained after an audit by the tax authorities.
Most taxpayers want to pay as little income tax as the law allows, or try to get most of their money back as a refund after filing an income tax return. If you haven't done your due diligence, you may be paying more than the Internal Revenue Service (IRS) asks.
Determine if you are entitled to deductions and tax credits and if you need to provide details when filing your income tax return to reduce your taxable income or receive more refunds is important. Below, we'll take a closer look at each of these ways to reduce your tax burden.
Tax credits, tax credits, and detailed income tax returns are ways you may reduce your taxable income or increase your income tax refund.
Tax credits offset your tax liability on a dollar-by-dollar basis, while deductions offset against your income.
If your deduction exceeds your standard deduction and your total taxable income is less than if you claimed your standard deduction, you must itemize your deduction.
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Paula has applied for a representative position with Great Sky Securities, a broker-dealer firm and FINRA member. While in college, she was a bit of a trouble maker. Since completing her education four years ago, she's been a model citizen. Which of the following issues from her past may result in her disqualification from becoming a registered representative?
A)
A conviction eight years ago for misdemeanor larceny for selling her classmates an interest in the Bay Bridge
B)
A conviction seven years ago for misdemeanor assault for hitting a guy with a pool cue
C)
Her history of multiple speeding tickets
D)
A charge six years ago of grand theft auto for the time she went joyriding in the dean’s car in celebration of making the dean’s list
Six years ago, she was charged with grand theft auto after taking the dean's automobile for a joyride in honor of making the dean's list. So, the right answer is (D).
What is meant by Representative Democracy ?In contrast to direct democracy, which elects individuals to represent an entire group of people, representative democracy elects individuals to represent a group of people.
Nearly all contemporary Western-style democracies, such as the United Kingdom (a unitary parliamentary constitutional monarchy), Germany (a federal parliamentary republic), France (a unitary semi-presidential republic), and the United States, operate as some sort of representative democracy (a federal presidential republic)
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Licensee Gwen and her buyer client Marcus are writing up an offer on Clayton's property. Gwen will need to use an additional provision in the offer. Which of the following reasons for using an additional provision apply?O It's Jamie's responsibility to disclose the information, even if Florence doesn't want to.O Marcus is requesting that all mechanical system and appliance warranties transfer to him.O The inclusion of numerous contingencies makes it less likely that the buyer's offer will be accepted.
A knowledgeable real estate lawyer will decide the case if the seller contests the buyer's right to submit a claim.
Is it possible to withdraw a verbal offer?Until you have a contract of employment, a job offer, whether oral or written, has no legal weight because any party may revoke it.
Is a verbal offer something you have to accept right away?In short, a verbal agreement is legitimately enforceable. While making a verbal offer, you must also provide a written offer for the position. Candidate must take the job when they accept the verbal offer. The equation can be altered, though, by a lot of tiny details.
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Acme Enterprises borrowed $20,000 from Last Bank on a 5-year note payable. Acme's journal entry to record this transaction will include a __________ of $20,000. (Select all that apply.)O Debit to cash. Credit to Notes PayableO Cash to debitO investingO Increase in an asset
Acme will make a journal entry to reflect this transaction, debiting $20,000 from cash and crediting $20,000 from notes payable.
What exactly is a promissory note?When a business issues a promissory note, the amount received is debited from a cash account and the corresponding amount is credited to a notes payable account. A loan that is recorded as notes payable also affects a number of other accounts on a company's balance sheet.
Is a note payable a credit or a debit?When paying back a loan, the business debits notes payable and credits the cash account, which it reports as a liability on the balance sheet. The corporation then takes into account the loan's interest rate.
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in any effective research registration process, three important pieces of information need to be groups together. which set of words below best represents these pieces of information?
Work location, research summary, names are the set of words that best represents these pieces of information.
What is the single most vital precedence in the match of a fireplace in any laboratory?Breadcrumb. School science labs want to be evacuated in the match of a fire, chemical spill, fuel leak, the launch of chemical toxins, or different laboratory incident or building issue. The top precedence in an emergency evacuation is to ensure all laboratory occupants make it out alive and safe.
Level D safety is the minimal safety required. Level D safety can also be enough when no contaminants are existing or work operations forestall splashes, immersion, or the doable for surprising inhalation or contact with hazardous ranges of chemicals.
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Complete question:
In any effective research registration process, three important pieces of information need to be grouped together. Which set of words below best represents this relationship?
Work locationresearch summary namesFlash pointProtection of lifeSilver ShieldTRUE/FALSE. countries high in power distance respond positively to appraisal systems where lower level employees give feedback to their managers.
The mention statement is TRUE.A countries is a distinct region of the world, also referred to as a state, a nation, or another form of political organisation.
It could be a part of a larger state or an independent entity. [1] For instance, Japan is an autonomous sovereign state, whereas Wales is a component countries of the United Kingdom, a multi-part sovereign state. A region can be a country if it has historically exercised sovereignty (like Korea), if it does so today and has a single administration (like Senegal), or if it is not sovereign but has significantly unique political, racial, or cultural traits (such as the Basque Country).The definition of "country" is broad, and it has many different uses. The Economist highlighted in 2010 that "any attempt
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aram's taxable income before considering capital gains and losses is $60,000. determine aram's taxable income and how much of the income will be taxed at ordinary rates in each of the following alternative scenarios (assume aram files as a single taxpayer). required: aram sold a capital asset that he owned for more than one year for a $5,000 gain, a capital asset that he owned for more than one year for a $500 loss, a capital asset that he owned for six months for a $1,200 gain, and a capital asset he owned for two months for a $900 loss. aram sold a capital asset that he owned for more than one year for a $2,000 gain, a capital asset that he owned for more than one year for a $2,500 loss, a capital asset that he owned for six months for a $200 gain, and a capital asset he owned for two months for a $1,900 loss. aram sold a capital asset that he owned for more than one year for a $2,500 loss, a capital asset that he owned for six months for a $4,200 gain, and a capital asset he owned for two months for a $300 loss. aram sold a capital asset that he owned for more than one year for a $3,000 gain, a capital asset that he owned for more than one year for a $300 loss, a capital asset that he owned for six months for a $200 gain, and a capital asset he owned for two months for a $1,900 loss.
Your taxable income is the portion of your gross income that's also actually taxed. Your taxable income is determined by deducting deductions from your gross income.
What is considered as taxable income?Taxable income is the term used to describe the basis of an income tax system. To put it another way, the quantity of money that was taxed. The majority of the time, it includes all or some of the types of income and is reduced by expenses and other deductions.
Any money that is included in their income is normally liable to taxation unless expressly exempted by legislation. Taxable income must be reported on your return and must be paid in taxes. Non - taxable earnings may need to be disclosed on your tax return even though it is not taxable.
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Suppose Veronica sells teapots in the perfectly competitive teapot market. Her output per day and her costs are as follows: Output per Day Total Cost 0 $20 1 32 2 37 3 48 4 61 5 75 6 92 7 113 8 136 Suppose the current equilibrium price in the teapot market is $15. To maximize profit, how many teapots will Veronica produce, what price will she charge, and how much profit (or loss) will she make? Draw a graph to illustrate your answer. Your graph should include Veronica's demand, ATC, AVC, MC, and MR curves, the price she is charging, the quantity she is producing, and the area representing her profit (or loss).
To maximize profit, Veronica should produce the level of output where her marginal cost equals the market price, and then charge that same market price for her teapots.
What is meant by profit maximization?Profit maximization is a process that businesses go through in order to achieve the best output and price levels in order to maximize their returns. The firm adjusts influential factors such as sale price, production cost, and output levels in order to achieve its profit goals.
Calculate Veronica's marginal cost of production by finding the change in total cost as output increases by one unit. This gives the following table:
Given
Output per Day Total Cost Marginal Cost
0 $20
1 32 $12
2 37 $5
3 48 $11
4 61 $13
5 75 $14
6 92 $17
7 113 $21
8 136 $23
The market price for teapots is given as $15, which means that this is the price that Veronica should charge for her teapots.
From the table above, we can see that Veronica's marginal cost is less than the market price for output levels 1, 2, and 3. However, her marginal cost exceeds the market price for all higher output levels. This means that Veronica should produce and sell 3 teapots per day to maximize her profit.
At an output level of 3 teapots per day, Veronica's total cost is $48, which gives an average cost of $16 per teapot. However, since she is charging $15 per teapot, she will make a loss of $1 per teapot. Therefore, her total loss will be $3 per day, which is equal to the difference between her total cost of $48 and her total revenue of $45 (which is the price of $15 multiplied by 3 teapots sold per day.
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international accounting standards are effective only if adopted by national regulatory bodies. why is it true?
accounting standards provide guidance on accounting for all type of transaction .why is it false?
Accounting standards advance straightforwardness, responsibility, and effectiveness in monetary business sectors all over the planet.
What are international accounting standards ?International accounting standards are a bunch of rules for budget summaries by IFRS and have consequently been taken on by most major monetary business sectors all over the planet.
This empowers financial backers and other market members to settle on informed monetary conclusions about speculation open doors and dangers and works on capital portion.
Accounting standards guarantee the budget summaries from numerous organizations are equivalent. Since all elements observe similar guidelines, accounting standards offer the monetary expressions valid and take into consideration more financial choices in view of exact and steady data.
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on january 1, 2021, the highlands company began construction on a new manufacturing facility for its own use. the building was completed in 2022. the company borrowed $2,250,000 at 11% on january 1 to help finance the construction. in addition to the construction loan, highlands had the following debt outstanding throughout 2021: $4,000,000, 16% bonds $1,000,000, 11% long-term note construction expenditures incurred during 2021 were as follows: january 1 $ 920,000 march 31 1,520,000 june 30 1,184,000 september 30 920,000 december 31 720,000Required:Calculate the amount of interest capitalized for 2021 using the specific interest method.
The special interest method was used to capitalize $478,690 in interests for the year 2021.
By debt, what do you imply?Debt may be defined as the total that the borrower owes the lender. A debt is an amount of income that has been received for a certain length of time and must be repaid, interest payments.
(Amount of New Loan x Rate Of interest of New Loan) + (Quantity of Treasuries x Interest Amount of Bonding) + (Quantity of Descriptive Paragraph x Interest Amount of Long-Term Note) = Weighted Interest Rate. The entire amount paid
Average weighted mortgage rate = [(2,250,000 x 11%) + (4,000,000 x 16%) + (1,000,000 x 11%)] / (2,250,000 + 4,000,000 + 1,000,000)
Average weighted mortgage rate = (247,500 + 640,000 + 110,000) / 7,250,000
Average weighted mortgage rate = 13.10%
Total interest to be sheltered is calculated by multiplying the yearly construction costs by the averaged average interest rate.
Total amount of accrued interest= 0.131 x ($920,000 + $1,520,000 + $1,184,000 + $920,000 + $720,000)
Total amount of accrued interest= $478,690 .
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Apple's business philosophy is to acquire small companies that can be integrated into existing company projects. In 2019, Apple acquires a company every two to three weeks on average, having acquired 20 to 25 companies in the past six months alone. To assure that Apple does not have a monopoly, The Federal Trade Commission's Bureau of Competition _______. a. promotes anticompetitive strategies b. encourages monopolization and agreements between competitors c. promotes restraint of trade among business firms d. seeks out and challenges anticompetitive conduct in the marketplace
Option d: The Federal Trade Commission's Bureau of Competition seeks out and challenges anticompetitive conduct in the marketplace.
The Federal Trade Commission (FTC) is an independent agency of the United States government whose primary purpose is to enforce civil (non-criminal) antitrust laws and promote consumer protection. The FTC shares civil enforcement responsibilities for federal antitrust laws with the Department of Justice's Antitrust Division. The agency is headquartered in the Federal Trade Commission Building in Washington, DC.
The FTC was created in 1914 with passage of the Federal Trade Commission Act signed in response to the 19th century monopoly trust crisis. Since its inception, the FTC has complied with important antitrust law provisions, the Clayton Act, and the provisions of the FTC Act 15 U.S.C.
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all markets that have downward-sloping demand curves and upward-sloping supply curves yield and surplus. (remember to type only one word per blank.)
Answer: blank 1: buyer or consumer, blank 2: producer, seller or supplier
Explanation:
Consumer and producer surplus results from markets with upsloping supply and demand curves.
What connections are there between producer surplus and consumer surplus?Consumer surplus is defined as the gap between a consumer's willingness to pay and their actual outlay for a good. Producer surplus is the gap between the asking price for a good on the market and the lowest price a producer will accept to produce it.
What happens if there is a leftward slant in the supply curve? How much production is surplus and how much is excess consumption?When demand declines and the demand curve moves to the left, producer surplus declines. When demand rises and the demand curve moves to the right, on the other hand, producer surplus rises.
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b. assign the correct functions of money to each example below. note that more than one function may be assigned to a box. you are currently in a labeling module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. a rembrandt painting a starbucks gift card a credit card answer bank
In today's world, the material, social, and cultural interests of everyone produce money. Money is used to establish economic and cultural ties between individuals, nations, and countries.
What uses does money serve?Typically, paper is used to make value badges. Paper money is not the same as credit money.
The following are the appropriate uses of money for each example:
Card Credit: Because it enables customers to purchase goods and services and post-pay for consumption, it is referred to as the medium of exchange.
Because they become more expensive over time, Rembrandt paintings are held in high regard.
A subway token can be viewed in one of two ways: It can serve as a medium of exchange and a unit of account, as well as merely a store of value in one sense.
In a Pow camp, cigarettes are the unit of account.
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Evaluate the pros and cons of Mozambique’s economic progress as discussed in the case study. (10 marks)
Even though the case study is not added, Mozambique, like any other developing country, has made significant progress in its economic development over the past few decades. below are pros and cons of Mozambique's economic progress:
What is the article about Mozambique's economic progress?
Pros:
Economic Growth: Mozambique has achieved impressive economic growth over the past few years. The country's GDP growth rate has averaged around 7% over the last decade.
Natural resources: Mozambique has vast reserves of natural resources such as coal, natural gas, and other minerals, which have become an important source of revenue for the country.
Strategic location: Mozambique's location provides it with access to some of the world's busiest shipping lanes, which is essential for the country's trade and economic development.
Infrastructure development: Mozambique has invested significantly in developing its infrastructure, including transportation, communication, and energy.
Tourism potential: Mozambique has vast potential for tourism development, thanks to its natural beauty, diverse cultures, and historical heritage.
Cons:
Poverty: Despite the country's economic growth, Mozambique remains one of the poorest countries globally, with a high poverty rate of around 50%.
Income inequality: The country has one of the highest income inequality rates globally, with a small percentage of the population controlling the majority of the country's wealth.
Dependence on natural resources: Mozambique's economy is heavily dependent on natural resources, making it vulnerable to external factors such as commodity price fluctuations.
Corruption: Mozambique has a high level of corruption, which has hampered economic development and undermined the country's governance.
Economic diversification: Mozambique needs to diversify its economy to reduce its dependence on a few industries and create more employment opportunities for its citizens.
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Which of the following are the result of advances in e-commerce, transportation, and communications? Check all that apply.International companies have been replaced by local firms.Small firms can operate internationally at little expense.Firms can more easily reach international customers.Most companies are now purely online.
Firms can more easily reach international customers.
In the given question we have to find what are the effects of advances in e-commerce, transportation, and communications.
The internet has made it much easier for firms to reach international customers. With the help of social media and other digital marketing tactics, companies can reach a global audience with relative ease. Additionally, companies can use online marketplaces and other services to sell their products and services to customers around the world. Cross-border payments are now easier than ever, and firms can even use international logistics companies to help with the delivery of goods. All of these things help to make it much easier for firms to reach international customers.
Firms can more easily reach international customers.
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identifying the facts and issues an offer select answer terminate automatically when the period of time specified in the offer has passed. in this case, select answer made an offer that automatically terminated at 5:00pm on august 5th. before the offer automatically terminated, kapoor replied to nolan with changes in the terms of the offer. this constitutes a select answer of the original offer.
In this instance, "Normile" made a deal that expired on August 5 at 5:00 p.m. Normile sued Miller after Miller allegedly declined to sell the land to her.
Explain the term automatically terminate?When a contract expressly provides for its termination upon the occurrence or nonoccurrence of a particular event, the contract may be automatically ended in those circumstances. 3 Such contracts should sufficiently specify the circumstances that give rise to such a right of termination.
In the specified instance,
Miller had real estate in North Carolina and had put it up for sale on August 4. Normile put in a bid to buy the house the same day. Time is of the importance, so this offer must be taken by or before 5:00 p.m. on August 5th, according to the language in the offer. Miller accepted the offer and signed it, but he also made a number of modifications.Thus, In this instance, "Normile" made a deal that expired on August 5 at 5:00 p.m. Normile sued Miller after Miller allegedly declined to sell the land to her.
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The complete question is-
Miller owned property in North Carolina and listed the property for sale on August 4th. That same day, Normile made an offer to purchase the property. The offer included the following language: "OFFER CLOSING DATE: Time is of the essence, therefore this offer must be accepted on or before 5:00 p.m. August 5th." Miller received the offer, signed it, but also made several changes to the terms. These included an increase in the initial deposit, an increase in the down payment due, and a decrease in the term of the loan from the seller from 25 to 20 years. On the evening of August 4th, Normile received the modified document but neither accepted nor rejected its terms. Instead, Normile said "he was going to wait awhile before he decided what to do with it." The following morning on August 5th, Miller approached Segal, another prospective buyer, and signed an offer to purchase with terms very similar to those presented to Normile the previous evening. At 2:00pm on August 5th, Normile was informed that "[y]ou snooze, you lose; the property has been sold." Later that afternoon, Normile initialed the offer containing Miller's modified terms and presented it to Millers representative. When Miller refused to sell the property to Normile, Normile filed a lawsuit against Miller.
In this case, _________________ made an offer that automatically terminated at 5:00pm on August 5th.