Student responses will vary, but should follow the behavioral question response model.
1. Describe the situation.
2. Explain the actions taken.
3. Describe the outcomes.
4. Summarize what was learned from the experience.
You should start by recalling a time when you had to make a choice that was paradoxical, unexpected, or curious.
Procedure for writing the text:
Give a brief overview of the decisions that had to be made.Indicate the choice you've made.List the factors that contributed to your decision.Give an explanation of what makes this decision unusual.Show how the public responded to that choice.Indicate the outcomes that the choice fostered and whether they were favorable or unfavorable.Remember that your response must be unbiased while also deeply addressing your experience.
To know more about decisions visit the link:
https://brainly.com/question/27400967?referrer=searchResults
#SPJ1
Why do economic members choose according to the principle that marginal benefit equals marginal cost?
Economic members will choose based on the principle of marginal benefit equaling marginal cost because at this point, resources are being utilized efficiently.
What is the meaning of marginal benefit equals marginal cost?The principle that marginal benefit equals marginal cost refers to economic members producing goods or making decisions at the point where the benefit of each additional unit is equal to the cost of that unit.
The reason for this is that at this point, resources are most efficiently being utilized. This is because marginal benefits are not so large that resources are being underutilized, and marginal costs are not so large that resources are being over utilized.
Find out more on marginal benefits equals marginal cost at https://brainly.com/question/10777579
#SPJ1
Networking is the most effective search method for finding job leads.
Please select the best answer from the choices provided
10
OT
OF
The given statements of networking is true.
Networking
Making relationships with others who have similar interests for social or business goals is referred to as networking. More often than not, it is the moniker offered to business contacts in order to advance one's professional career. People typically join networking organisations based on a single common interest shared by all members. A professional affiliation, such as stockbrokers, is the most visible. Nonetheless, some people find excellent networking opportunities through a college alumni association, a social group at a church or synagogue, or a private club.
Professionals may network in order to identify contacts who can assist them with future business or career opportunities. It is a highly successful method for generating employment leads and establishing career objectives.
Since A(true) is the correct answer.
To learn more about Networking
https://brainly.com/question/3575425
#SPJ9
What is the great resignation
Beginning in early 2021 in the wake of the COVID-19 outbreak, a widespread economic movement known as "The Great Resignation" saw employees willingly quit their jobs in large numbers.
What was the reason behind great resignation?The high rate of resignations among American workers that began in the spring of 2021, when there was a high demand for labor and a low unemployment rate but the COVID-19 pandemic's intensity was being lessened by vaccinations, is known as "The Great Resignation."Calculations indicate that the Great Resignation led to an uptick in inflation of up to 1.1 percentage points. It's interesting to see that the contribution to inflation increased as the pandemic problem grew worse. At its peak in May 2021, this inflationary pressure reached a plateau before dipping somewhat in September 2021.Learn more about COVID-19 here:
https://brainly.com/question/28828558
#SPJ10
difference between the liquid asset ratio and the current ratio from an analysis
viewpoint.
Answer:
Current Ratio
Liquid Ratio
Definition
The Current Ratio is the ratio between the Current Assets and the Current Liabilities of a company.
The Liquid Ratio is the ratio between the Liquid Assets and the Current Liabilities of a company.
Purpose
The Current Ratio helps the firm assess its capability to meet any short-term obligations that may arise while conducting business.
The Liquid Ratio helps a firm assess its capability to meet any urgent requirements for cash that may arise while conducting business.
Current Assets
The Current Ratio includes all the Current Assets of the business.
The Liquid Ratio includes only those Current Assets that the firm can liquidate to cash within the next ninety days.
Inventory
The Current Ratio includes the inventory stock of a firm.
The Liquid Ratio excludes the inventory stock of a firm.
Ideal Ratio
Although anything more than 1 is the ideal scenario for a company, a Current Ratio of 2:1 is preferable.
The ideal Liquid Ratio for a company is more than 1.
Approach for Paying Debt
The Current Ratio is a much more relaxed method of finding out whether a company can repay its creditors in case of an emergency.
The Liquid Ratio is a much more stringent method of finding out whether a company can repay its creditors in case of an emergency.
Comparison
The Current Ratio will be naturally higher for a company that has a higher stock of inventory.
The Quick Ratio will be naturally lower for a company that has a higher stock of inventory.
List one benefit to creating a laminated menu. When should a restaurant not
laminate its menus?
Laminating enhances the color of any inks, which makes it better at attracting attention. A sense of extraordinary preparation and quality is also conveyed by the paper's thickness and strength.
What is Lamination?Lamination, used in the printing business, describes the process of adhering a transparent plastic film to printed material. In order to completely encase the menu in plastic when laminating restaurant menus, it is most frequently done by adhering this film to both sides of the printed item and including a sealed edge.A composite is created by laminating two or more films or sheets of paper, which are often bonded together with adhesives. Laminations can be used for a variety of objectives, frequently functional ones like creating a paper sheet more thicker and stronger.Learn more about lamination here:
https://brainly.com/question/16397841
#SPJ13
At their accounting meeting, Philipe tells Justin to stop making foolish comments. Justin, who felt he was being treated unfairly, says nothing for the remainder of the meeting. In this example, Justin was acting _______.
a.
Positively
b.
Assertively
c.
Arrogantly
d.
Passively
As per the given example, the act that has been shown by Justin in the given case is of being passive. Justine was acting passively. Hence, Option D is correct.
What is passive behavior?Passive behavior entails remaining silent in response, keeping emotions to yourself, hiding emotions from others, and possibly even keeping emotions hidden from themself.
Passive behavior frequently entails dishonesty and allowing others to violate others constitutionally protected right to respect and dignity. Depending on the person's overall personality type, the passive personality trait can manifest in a variety of ways.
Therefore, Option D is correct.
Learn more about passive behavior from here:
https://brainly.com/question/1511549
#SPJ1
Let's say the production function of an economy.
The production function of an economy is an equation which expresses the relationship between the quantities of productive factors which are used and the amount of product obtained.
The production function tends to explain the utmost quantity of output which can be manufactured by using different combinations of the 2 factors of production which is labour and capital.
This production function of an economy says that a firm can produce one unit of output for every unit of capital or labor it employs. Production functions tend to generally have two important properties which are - positive marginal product and diminishing marginal product of an input.
Hence, the production function represents its relationship between input and output factors.
The given question is incomplete, the complete question is -
Let's say that what is the production function of an economy?
To learn more about the production function here:
https://brainly.com/question/13646635
#SPJ1
Marigold Corporation purchased 4,000 shares of its $8 par value common stock for $268,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,400 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions.
When shares are purchased, the Cash account is credited and the Treasury Stock account is debited. The Additional Paid-In Capital account should be credited if the proceeds are greater than the initial cost.
August 1 Treasury stock a/c..........dr 268000
To Cash a/c 268000
December 1 Cash a/c (2400 x 73)...................dr 175200
To Treasury stock a/c 160800
To Additional paid-in capital 14400
For the purchase price, the journal entry will credit cash and debit treasury stock. The journal entry is to credit treasury stock and paid-in capital from treasury stock if the corporation reissues all shares of treasury stock at a price greater than what it paid to purchase them.
The term "treasury stock," sometimes known as "treasury shares" or "reacquired stock," refers to previously issued stock that the issuing company buys back from stockholders. As a result, there are fewer shares outstanding overall on the open market.
Treasury stock is a sort of reserved stock usually used to raise capital or fund future investments. Companies might use treasury stock as a source of funding for investments or acquisitions of competitors.
Learn more about treasury stock here:
https://brainly.com/question/15852051
#SPJ1
Consider an asset that costs $655,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $133,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?
The after tax cash flow from the sale of the asset at the end of its seven year life span is $145,994.29.
What is the after tax cash flow?The after tax cash flow is the cash flow calculated after taxes have been deducted. Tax is a form of transfer of wealth from the private sector to the government. Tax is the compulsory amount that is deducted from the income of an individual or company.
After tax cashflow = value after the sale - tax(salvage sale - Book value)
Book value = value of the asset - accumulated depreciation
Annual depreciation = ($655,000 - 0) / 7 = 93,571.43
Accumulated depreciation = 93,571.43 x 5 = $467,857.14
Book value = $655,000 - $467,857.14 = $187,142.86
After tax cashflow = $133,000 - 0.24($133,000 - $187,142.86)
$133,000 - (0.24 x -54,142.86)
$133,000 + 12,994.29 = $145,994.29
To learn more about after tax cash flow, please check: https://brainly.com/question/17166727
#SPJ1
Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
Read more about Journal on:
https://brainly.in/question/24902198
#SPJ1
What is massinfluence
Mass influence is the actual force which is exerted by a media message, resulting in either a reinforcement or change in audience or individual beliefs.
As per the media Psychology, the effect of mass media on the manner, actions, and contemplations of the individuals and audiences is called mass influence. As, this influence can be thus negative or positive.
The certain types of mass media such as the radio, newspaper, magazines, the internet, and the television are said to be the influence. Thus, mass media has influenced education, public opinion, popular culture, and as well as the depiction of society.
Hence, technology used in order to reach a mass audience.
To learn more about media here:
https://brainly.com/question/17026453
#SPJ1
There are six workers, one at each of the six stations (A-F). They begin their workday at 8:00 a.m. and work steadily until 4:00 pm. (They are replaced with other workers for breaks and lunches, but the production is not slowed or stopped during these times.) Their hourly wage rate is $25 per hour. You can assume unlimited demand.
What are the direct labor costs (you can ignore any start-up or empty system effects)associated with producing one razor, in dollars?
The direct labor costs is $ 1500
What is Direct Labor Costs?
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labor costs. The overall direct labor cost exceeds wages paid by a significant amount.
Any employee directly involved in a product's manufacturing is referred to as direct labor.
Calculation for What is the process capacity in razors/hour
Based on the information given we would be using process capacity of station D Assembly 3:
Process capacity of D = 1/60*60sec * 60 mins
Process capacity of D = 1/60*3600 razors per hour
Process capacity of D = 60
Therefore, the process capacity in razors/hour will be 60.
Since, their hourly wage rate is $25 per hour. Therefore, the direct labor costs is
= 60 * 25
= $ 1500
Know more about Direct labor costs: -https://brainly.com/question/28163914
#SPJ9
Are interest or dividends taxable
In case your taxable hobby profits is more than $1,500 otherwise you received interest as a nominee for the real proprietor, you need to additionally consist of that earnings on agenda B (form 1040 or 1040-SR), interest and everyday Dividends and connect it on your tax go back.
Interest is charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the important sum, at a particular charge. It is distinct from a rate which the borrower may additionally pay the lender or some 1/3 party. Interest is the charge you pay to borrow cash or the cost you price to lend cash. Interest is most usually contemplated as an annual percentage of the quantity of a mortgage. This percentage is known as the hobby fee at the mortgage interest is described as the amount of cash paid for the usage of someone else's money. An example of interest is the $20 that became earned this yr for your financial savings account
Learn more about interest here:https://brainly.com/question/2294792
#SPJ1
What is the main difference between a bank and a credit union?
a. Banks exist to make a profit; credit unions re-invest profit to benefit members.
b. Banks offer higher-yield interest rates than credit unions.
c. Unlike banks, credit unions do not have online banking.
d. More services are offered by banks than by credit unions.
The main difference between a bank and a credit union Banks exist to make a profit; credit unions re-invest profit to benefit members.
What is the primary distinction between a credit union and a bank?Although the two financial-institutions perform comparable functions, they each provide unique benefits to their members. The main distinction between a bank and a credit union is that the former is a for-profit organization, while the latter is a non-profit one.
Quizlet: What distinguishes a bank from a credit union?Banks are for-profit institutions that are paid by their investors and owned by a board of directors. Customers' money is insured by the FDIC (Federal Deposit Insurance-Corporation) in the event that a bank fails. Up to $250,000 in cash. Credit-unions are owned by their members and are not for profit.
To Know more about members.
https://brainly.com/question/7826447
#SPJ13
Which of the following is a correct explanation for why the aggregate demand curve slopes downward?
a. As the price level decreases exports become more expensive overseas and imports become relatively less expensive domestically, and thus net exports rise.
b. As the price level decreases, the real value of cash balances increases total expenditures rise.
c. As the price level decreases consumers substitute more expensive goods for less expensive choices.
d. As the price level decreases the labor force increases
As the price level decreases, the real value of cash balances increases total expenditures rise is a correct explanation for why the aggregate demand curve slopes downward.
As the price level falls, real wealth or the value of money rises, or at lower prices, more items may be purchased for the same amount of money. As a result, a rise in wealth increases overall spending.
The aggregate demand curve moves to the right as aggregate demand rises. When AD is shifted to the right, the supply curve is cut at higher prices and higher output. Therefore, as aggregate demand rises, so do price and supply.
To learn more about Aggregate demand curve visit: https://brainly.com/question/15392909
#SPJ4
Does anyone know how to do this worksheet? I’m very confused.
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate
farms, parks, commercial projects, and private lawns. It has a centrally located factory in a US city that manufactures the products it
markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six
metropolitan areas.
The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water.
By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the
employees who represent them in each community.
The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and
maintain the high quality of its products.
Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO) Working with him from
the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a
major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company.
The factory itself is managed by Todd Senter who hires his line managers to supervise the fargory employees. The factory makes all of
the parts for the irrigation systems. The purchasing department is managed by Helen Hines
The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local
installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by
the home office under Henry Writer's direction because of the uniqueness of the company's products.
There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee
paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales
and marketing area; she oversees 10 well-trained salespeople.
The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company
vice president; she is a member of the Institute of Management Accountants and holds a certificate in management accounting She
has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the
financial records.
A partial list of Waterways' accounts and their balances for the month of November follows.
Accounts Receivable
Advertising Expenses
Cash
Depreciation-Factory Equipment
Depreciation Office Equipment
Direct Labor
Factory Supplies Used
Factory Utilities
Finished Goods Inventory, November 30
Finished Goods Inventory, October 31
Indirect Labor
Office Supplies Expense
Other Administrative Expenses
Prepaid Expenses
Raw Materials Inventory, November 30
Raw Materials Inventory, October 31
Raw Materials Purchases
Rent-Factory Equipment
Repairs-Factory Equipment
Salaries
Sales Revenue
Sales Commissions
Work In Process Inventory October 31
Work In Process Inventory, November 30
$275,500
54,400
258,900
16,700
2,400
41,600
17,000
10.200
69,300
72,100
48,100
1,700
72,500
41,400
52,400
38.200
185,300
47,200
4,600
324,900
1345,900
40,500
52,200
41.800
Answer:
Cost of goods manufactured schedule: $ Beginning raw materials inventory 38000 + Cost of raw materials purchased 184500 - Ending raw material inventory balance -52700 Raw Material used 169800 + Direct Labour cost 42000 + Manufacture
Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance. Volvo, his employer, has a 21 percent marginal tax rate. The health insurance will cost Lars $8,500 to purchase if he pays for it himself through the health exchange (Lars’s AGI is too high to receive any tax deduction for the insurance as a medical expense). Answer the following questions about this benefit. (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.)
b. What would be the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000?
c. Assume that Volvo could purchase the insurance for $5,000. Lars is interested in getting health insurance, and he is willing to receive a lower salary in exchange for the health insurance. What is the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance?
b) the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000 will be $3000
c) the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance will be $5000
A tax deduction is something you can take out of your taxable income in order to pay less in taxes overall. On Schedule A of your income tax return, you have the option of taking the standard deduction—a single deduction with a set dollar amount—or itemizing deductions.
b) Calculate the after-tax cost to the company Volvo of providing Mr. Las Osberg with health insurance.
Health Insurance = $5000
Marginal Tax Rate = 40%
The after-tax price can be calculated using the formula below.
After-Tax Cost = [Health Insurance * (1 - Marginal Tax rate)]
= 5000 * (1 - 40)
= 5000 * 0.60
After-Tax Cost = $3000
As a result, it will cost Volvo $3000 after taxes to cover Mr. Las Osberg's medical expenses.
c) Choose the salary reduction that Volvo will be willing to make while still agreeing to pay the life insurance sum.
From Las Osberg's wages, Volvo will withhold $5000 to cover the cost of his health insurance. This is carried out because the amount earned when a person receives compensation from the employer in the form of a wage or fringe benefit is deductible.
To know more about Tax deductions, refer to this link:
https://brainly.com/question/28265848
#SPJ9
Which is not a general lien?
Answer:
This is different from a specific lien, which is against a specific piece of property. A typical home mortgage or car loan is an example of a specific lien.
Please add me to brainliest
1. According to Starbucks Chairman Howard Schultz, "Consumers now commonly engage in a cultural audit of [product and service] providers. People want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Social responsibility makes the environment much more friendly as well as enhances the bond between the company and the employees.
Who is a consumer?The person who purchases a thing or receives a service is known as a consumer. A consumer is essentially someone who pays for a good or service.
According to the chairman, he suggested that consumer not only seize the product but also sees how the environment, as well as the employees, are being treated at this point in time. This increased the company's social responsibility which impacted both the companies as well as the consumers.
Learn more about consumer, here:
https://brainly.com/question/27773546
#SPJ1
You are a mid-level manager at a water distillation and filtration plant that provides five gallon bottles of water to consumers and businesses. Your organization produces three types of water that are marketed:
Distilled bottles (7$/bottle) that are typically used by businesses in the medical and chemical industries
Spring bottles (5$/bottle) that are typically used by consumer households
Artesian bottles (10$/bottle) that are typically used by high-end hospitality businesses
Unfortunately, your production plant suffered a mechanical breakdown. One of the lines is not operational, and therefore one of the specific types of water will not be produced for one month. Recognizing that it is off-season for tourists in your region, your direct manager has decided to stop production of Artesian water. You are tasked with emailing your largest hospitality client, Golden Mango Resort. You must inform them that you will not be able to provide their Artesian water order. It is possible that you may substitute their ordered water for another type of water. How are you going to deliver the bad news?
The appropriate way to inform the hotel about the breakdown situation of the production plant and the proposal to solve the problem caused to the hotel is by means of a letter in formal and proactive language.
What is a letter?A letter is a term to refer to a means of written communication through which we can send a message to another person. Letters were a means of communication used for much of history. However, in recent years they have been replaced by emails and instant messages.
How to write a formal letter?A formal letter is generally a document that a sender sends to a receiver to formally inform, request or communicate a specific event. Generally, this type of language is used in the workplace between companies, employee - employer, students - teachers, scientists, entrepreneurs or others.
Sample formal letter for Golden Mango ResortSan Francisco, CA. St 7 - 54
October 18, 2022
Margaret Brennan.
Cordial greetings Mrs. Margaret Brennan, I respectfully communicate with you to inform you that in recent days one of our production plants suffered a mechanical breakdown and its repair will take at least a month to return to producing the amount before.
In response to this situation, the directors of our company have made the decision to pause the production of artisanal water bottles that we had been selling to Golden Mango Resort given the low number of tourists in the region. Due to the above, we will not be able to fulfill your request for artisanal water from the last month.
On the other hand, we want to offer you an alternative with our line of spring bottles that are half the value of craft bottles. I apologize in advance for this situation and await your response.
Learn more about formal letter in: https://brainly.com/question/1480667
#SPJ1
If you happen to be the financial manager of a company, which would you prefer to issue equity securities or debt securities?
Answer:
this is your answer hope this helps you
Required information
[The following information applies to the questions displayed below.)
The transactions listed below are typical of those involving New Books Incorporated and Readers' Corner. New Books is a
wholesale merchandiser and Readers' Corner is a retail merchandiser. Assume all sales of merchandise from New Books
to Readers' Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the
following transactions between the two companies occurred in the order listed during the year ended August 31.
a. New Books sold merchandise to Readers' Corner at a selling price of $625,000. The merchandise had cost New Books
$445,000.
b. Two days later, Readers' Corner complained to New Books that some of the merchandise differed from what Readers'
Corner had ordered. New Books agreed to give an allowance of $11,000 to Readers' Corner. Readers' Corner also
returned some books, which had cost New Books $3,500 and had been sold to Readers' Corner for $5,000.
Just three days later, Readers' Corner paid New Books, which settled all amounts owed.
Required:
1. For each of the events (a) through (c), indicate the amount and direction of the effect on New Books in terms of the following items.
(Enter any decreases to account balances with a minus sign.)
Transaction
a.
b.
C.
Sales
Revenues
625,000
Sales
Returns
5,000
Sales
Allowances
11,000
Net Sales
Cost of
Goods Sold
445,000
Gross Profit
Solve for C.
When accounting for inventory through financial reporting, proper inventory valuation is crucial. The inventory balance of Readers' Corner will increase by $580,500 net.
What is meant by Inventory balance?Inventory Balance denotes the monetary amount of the Inventory as of the measurement date, based on the Seller's or one or more of its Affiliates' standard costs as described above for the purposes of such measurement.
The effects (direction and amount) of each transaction on the Inventory balance of Readers' Corner exist as follows:
Transaction Effects on Inventory Balance
a) +$595,000
b) -$14,500
c) None
Balance $580,500
The inventory balance will not contain the cash payment of $580,500 earned by Readers' Corner because the transaction does not concern the inventory account unlike transactions (a) and (b).
a) August 31: Cost of merchandise = $595,000
Inventory $595,000 Accounts Payable (New Books) $595,000
b) September 2: Trade Allowances = $14,500
Accounts Payable (New Books) $14,500 Inventory $14,500
c) September 5: Cash payment = $580,500
Accounts Payable (New Books) $580,500 Cash $580,500
Therefore, the inventory balance of Readers' Corner will increase by $580,500 net.
The complete question is:
The transactions listed below are typical of those involving New Books Inc. and Readers’ Corner. New Book is a wholesale merchandiser and Readers’ Corner is a retail merchandiser. Assume all sales of merchandise from New Books to Readers’ Corner are made with terms n/30, and the two companies use perpetual inventory systems. Assume the following transactions between the two companies occurred in the order listed during the year ended August 31. (a) New Books sold merchandise to Readers’ Corner at a selling price of $595,000. The merchandise had cost New Books $433,000.(b) Two days later, Readers’ Corner complained to New Books that some of the merchandise differed from what Readers’ Corner had ordered. New Books agreed to give an allowance of $14,500 to Readers’ Corner. (c) Just three days later, Readers’ Corner paid New Books, which settled all amounts owed. Indicate the effect (direction and amount) of each transaction on the Inventory balance of Readers' Corner. (Enter all amounts as positive values.)
To learn more about inventory balance refers to:
https://brainly.com/question/24868116
#SPJ13
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $16,160, and her insurance company paid $4,040 toward its cost. The pool increased the value of Linda's house by $5,656, and it has a useful life of 10 years.
How much of a deduction (before any AGI limitations) is Linda entitled to in the year of installation of the pool?
$fill in the blank 1
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The amount of deduction is $6464
What are AGI limitations?Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.
On more information, please refer to the instructions for Form 1040 (PDF Schedule 1). If you file your taxes using the Married Filing Jointly status, the $73,000 AGI ceiling applies to the total amount of income that both of you bring in as a married couple.
Compute the amount of deduction as follows:
The deduction amount would be allowed as an expense in the year of installation.
Amount of deduction allowable = Special Equipment cost - Increase in property value -Insurance Received
Therefore
=16160- 4040 - 5656
= 6464
Read more about AGI limitations
https://brainly.com/question/13873941
#SPJ1
Match each description with the correct key term. Group of answer choices the total dollar value of all final goods and services produced in the country in a given time period [ Choose ] the value of gross domestic product adjusted for inflation [ Choose ] the value of the GDP at current prices [ Choose ] refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power [ Choose ] s a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services [ Choose ]
Gross Domestic Product - The total dollar value of all final goods and services produced in the country in a given time period.
Real Gross Domestic Product - The value of gross domestic product adjusted for inflation
Nominal Gross Domestic Product - The value of the GDP at current prices
Monetary policy - It refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power
Consumer Price Index - It is a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services.
What are these component of?All as explained above are part of National income, which involves variety of measures of output used in economics to estimate total economic activity in a country or region.
Read more about National income
brainly.com/question/23850586
#SPJ1
This interview type is used to determine which applicants have the necessary qualifications and will continue to the next level of interviews.
a.
Group interview
b.
Performance interview
c.
Stress interview
d.
Screening interview
Answer: D
Explanation: Screening interviews are conducted to determine if an applicant is qualified for a job and it is typically the first round of hiring process
Tad, who does not have health insurance, obtains medical treatment at Urgent Care Clinic, but does not pay for it. To collect the debt, the clinic contacts Tad’s parents. This violates
To collect the debt, the clinic contacts Tad’s parents. This violates National Insurance Act of 1911.
Why do so many Americans not have health insurance ?
In the United States, 46 million people—nearly one in five non-elderly adults and children—do not currently have health insurance, a 6 million-person rise since 2000. Recent increases in The lack of insurance has been linked to a number of variables, such as increasing medical expenditures, the reductions in governmental programs, a decline in employer-based insurance, and the economy
Understanding the causes of people's lack of insurance is necessary for creating successful methods to reduce it. insurance protection The reasons people report not having insurance generally and by important demographic groupings (identified by age, race/ethnicity, health, and family and aspects of the workplace). We also look at the evolution of those motives through time.
To learn more about health insurance checkout the link below :
https://brainly.com/question/1941778
#SPJ9
All of the following developments would be considered material nonpublic information EXCEPT:
Information about a firm that has not been made public but that may have an impact on the share price is referred to as material nonpublic information.
The required details for material nonpublic information in given paragraph
Holders of material information that is not generally known are not permitted to use the knowledge for stock trading purposes. Sharing this information with anyone who utilize it to gain an advantage in the marketplace is likewise prohibited. It doesn't matter how or by whom the crucial private information was obtained, or even if the source was a worker for the firm. Assume, for instance, that someone tells a buddy about nonpublic material information that they learned from a family member.
All three parties involved may face charges if the buddy takes advantage of this insider knowledge to make money on the stock market.
To know about material nonpublic information in given link
https://brainly.com/question/9944946
#SPJ9
How do immigrants help the aging population of Florida?
Answer: by infusing Florida with young workers
Explanation:
1. In your own words, explain what ethics is.
2. The video states that "codes of conduct express relevant ethical standards for many professions, such as medicine, law, journalism, and accounting." Brainstorm 3 possible codes of conduct for one of these professions.
The term ethics is in a broader sense, considers how people interact with one another and with nature, as well as their own freedom, responsibility, and sense of justice.
The possible codes of conduct for medicine professions are:
Non-maleficenceBeneficenceHealth maximizationWhat are the rules of conduct for professionals?In order to understand what is morally right or wrong, just or unjust, ethics explores the intellectual justifications for our moral judgments.
Therefore, professional code of conduct is a statement that informs staff members of how they should conduct themselves while representing their employer. The company's values, sanctions, and obligations are just a few examples of the components that can be found in a code of conduct.
Learn more about ethics from
https://brainly.com/question/13383200
#SPJ4