Answer:
The answer is A. can be exchanged online for goods and services.
Explanation:
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.Nihon Company had the following transactions involving notes payable.
July 1, 2017 Borrows $50,000 from First National Bank by signing a 6-month, 12% note.
Dec. 31, 2017 Prepares adjusting entries.
Apr. 1, 2018 Pays principal and interest to First National Bank.
Prepare journal entries for each of the transactions.
The preparation of the journal entries for each of the transactions for Nihon Company is as follows:
Journal Entries:July 1, 2017 Debit Cash $50,000
Credit Note Payable (First National Bank) $50,000
To record the receipt of loan on note payable at 12% for 6-months.Dec. 31, 2017 Debit Interest Expense $3,000
Credit Interest Payable (First National Bank) $3,000
To accrue interest expense.Apr. 1, 2018 Debit Interest Expense $1,500
Credit Interest Payable (First National Bank) $1,500
To accrue interest expense.Debit Note Payable (First National Bank) $50,000
Debit Interest Payable (First National Bank) $4,500
Credit Cash $54,500
To record the payment of note payable and interest.Transaction Analysis:July 1, 2017 Cash $50,000 Note Payable (First National Bank) $50,000
a 6-month, 12% note.
Dec. 31, 2017 Interest Expense $3,000 Interest Payable (First National Bank) $3,000
Apr. 1, 2018 Interest Expense $1,500 Interest Payable (First National Bank) $1,500
Note Payable (First National Bank) $50,000 Interest Payable (First National Bank) $4,500Cash $54,500
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Since online banking and mobile apps allow you to track your spending and
savings, they are really helping you __
,
make your money even safer
manage your money
O avoid using the services of your financial institution
reach higher interest rates
What are the copyrights that you encounter in your daily lives?
Copyright is something we often encounter in our daily lives. The songs we listen to, the movies we watch, and the social media posts we read are all protected by copyright.
What is copyright?Copyright protects expressions of ideas by granting the copyright owner of the work a bundle of rights. This bundle of rights grants the copyright owner exclusive rights to reproduce, publish, perform, communicate and adapt his or her work.
Copyright does not protect inventions or a company’s brand. Those are protected by patents and trademarks, respectively.
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A down payment is:
O
a) The monthly payment you make towards your mortgage.
Ob) Part of your closing costs.
c)
The initial sum of money that you pay toward your house.
A homeowner's final mortgage payment.
d)
Submit
Answer:
C
Explanation:
Down payment is something that you pay upfront before getting anything.
__ are the major source of long term debt financing for most cor
Answer:
Traditional bank loans
Explanation:
Traditional bank loans are the most common form of debt financing for all sizes of companies. Any bank loan with maturity over 12 months can be termed as a long-term debt source. Borrowers require asset-backed collateral to secure bank loans.
Bolve, a company that essentially made leather bags and jackets, introduces men's cologne under its new category of skincare products. In this case, Bolve is engaged in _____.
a.
line extension
b.
market segmentation
c.
brand extension
d.
product bundling
A company engaged in producing leather bags and jackets introducing men's cologne is under the activity of brand extension.
What is brand extension?When a brand expands the scope of the types and categories of products, goods and/or services it sells, it is known as brand extension.
Hence, option C correctly describes that Bolve is engaged in brand extension.
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Nicole has lived in her home for thirty-five years. She is retired and receives a pension and Social Security. She no longer has loan payments on her house and has no major debts. She wants to live the rest of her life in her current house. Which financial situation could force Nicole to move her home unexpectedly? A. Her house could increase in value, making it difficult for her to afford to pay property taxes. B. A bank may try to foreclose on the house, making it necessary for her to move out of her home. C. Her Social Security could run out, making it hard for her to pay the costs of home ownership. D. Her house could decrease in value, reducing the amount that she earns from her pension.
Answer:
D.
Explanation:
pa brainliest po
Public relations are external communications aimed outside the business or organization.
Group of answer choices
True
False
Before attending a job fair, you should contact the host to see if you can obtain a list of the employers registered for the event so you can prepare focused resume and cover letters to share with them.
A. True
B.False
Answer:
A. trueExplanation:
it is always good to be prepared
What is one step a borrower should take in order to better control their debt?
A. Carefully examine their expenses
B. Apply for more credit cards
C. Declare bankruptcy
D Day only the monthly payment
Answer: A i think
Explanation:
What are the importance of resources forecasting.
Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an
1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:
Cash Collections:July August September
Estimated sales $210,000 $230,000 $220,000
Cash collection:
35% sales month $178,500 $80,500 $77,000
65% month following 140,000 136,500 149,500
Total cash collections $318,500 $217,000 $226,500
2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:
Merchandise Purchases:July August September
Estimated sales $210,000 $230,000 $220,000
Cost of goods sold $126,000 $138,000 $132,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).
2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:
Cash Disbursements:July August September
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:
Beech's Corporation
Income Statement:July August September Total
Estimated sales $210,000 $230,000 $220,000 $660,000
Cost of goods sold $126,000 $138,000 $132,000 396,000
Gross profit $84,000 $92,000 $88,000 $264,000
Expenses:
Selling and admin. $60,000 $60,000 $60,000 $180,000
Net income $24,000 $32,000 $28,000 $84,000
Data and Calculations:Sales Budget and Cash Collections
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cash collection:
35% sales month $178,500 $80,500 $77,000 $84,000
65% month following 140,000 136,500 149,500 143,000
Total cash collections $318,500 $217,000 $226,500 $227,000
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cost of goods sold $126,000 $138,000 $132,000 $144,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
Beech Corporation
Balance Sheet at June 30:Assets:
Cash $75,000
Accounts receivable 140,000 143,000
Inventory 60,500
Plant and Equipment 227,000
Total assets $508,500
Liabilities:
Accounts Payable $88,000 $82,700
Common Stock 311,000
Retained Earnings 109,500
Total liabilities & equity $508,500
Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.
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The business entity assumption is important because?
A. It limits the amount that a company can record for its transactions in the accounting records.
B. It requires that the company record all of its economic transactions in accordance with GAAP.
C. It requires that all transactions be recorded in the period in which they occur
D. It limits economic data in the accounting system to data directly related to the activities of the business
The business entity assumption is an accounting principle that makes a legal distinction between the transactions carried out by a business.
What do you mean by business entity assumption?A business entity assumption refers to an accounting principle that makes a legal distinction between the transactions carried out by a business and the transactions of the owner.
It is important because it limits economic data in the accounting system to data directly related to the activities of the business.
Therefore, D is the correct option.
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When analyzing job options you should only concern yourself with the present demand for that job. True False
Answer:
obviously false
discuss the new product development concept
Answer:
New product development (NPD) is the process of bringing a new product to the marketplace
Explanation:
If you’re working with a group of people, or need the support of the students, you’ll need to learn how to create an argument and present it in an effective way.
A. True
B. False
Respond to the following prompt in a post with a minimum of 250 words, then comment on at least TWO other posts. Respond to the posts indicating your agreement or disagreement with their position and why. Feel free to bring in additional references to these reply posts. Find a current news article or video (within the past 12 months) that describes some government intervention in the economy with the intent of controlling prices. Identify the parties who benefit and those who are or will be hurt by this intervention. What unintended consequences will likely or have occurred as a result of this intervention. What is your opinion on this matter? Why? Include your thoughts and the link to the article in your post.
Government, usually intervene in the foreign exchange market mainly for preventing violent fluctuations in the exchange rate. A foreign currency is sold when it is overvalued and bought when it is undervalued. As the US works to correct its deficit balance of payment account, devaluing the dollar seems like a feasible option. Dollar devaluation will help to increase the demands of American goods in the international market and supports the current policy initiatives.
What is intervention?Intervention is an act of taking action about something in order to have an effect on its outcome.
Intervention strategies mean a plan for staff action that outlines methods, techniques, cues, programs, or tasks that enable the child to successfully complete a specific goal.
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Discuss how purchasing function can lead to competitive strategy in procurement management environment and with hypothetical organisation in mind, develop a strategic sourcing plan.
The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.
What is a Strategic Sourcing Plan?It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.
Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.
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Financial statement analysis is useful to:
With the use of examples applicable to the case study, explain the factors of production, or resources that Anat Apter is likely to have used.
The factors of production that Anat Apter is likely to have used in their franchise business are the land, labor, capital, and entrepreneurship.
What is production?Production is the process of making saleable goods by converting them from basic materials to their finished form.
As per the case study of Anat Apter, the examples of factors of production can be as follows:
Land can be the place where they start the business, which is the market of Sandton City.
Labor can be a workforce engaged in the business of making falafel and shawarma.
Capital is the franchise capital that they contributed to starting the business.
Entrepreneurship is the process used by entrepreneurs to produce goods and services. Here, it is the making of falafel and shawarma products.
Therefore, land, labor, capital, and entrepreneurship are the factors of production used by Anat Apter.
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Which position or group of stakeholders has the most power in your organization or one with which you are familiar?
The group of stakeholders with the most power in any organization is the Board of Directors (Management).
What is the Board of Directors?The board of management or directors obtains its power through a formal position as appointed by the stockholders.
The role of the Board of Directors in a company includes:
Set strategyOversee managementHire the CEO or general manager Assess the overall direction and strategy.Thus, the group of stakeholders with the most power in any organization is the Board of Directors (Management).
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An argument for trade tariffs is that it protects infant industries.
Answer:
The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.
Which of the following statements regarding coins is not true?
a. Coins are usually metal based.
b. Unlike paper money, the same coins are used in every country in the world.
C. The creation of coins is authorized by the government.
d. Coins are used as a form of money.
Answer:
B
Explanation:
every country have its own currency and coins
Almost every country has a unique currency, although some countries share common currencies
but take an example of India and US
both have different coins India have ruppes
and us have bucks
hope it helps you
Compute the net present value based on the original projections
The net present value of the new plant that Hawke Skateboard wants to build based on the original projections is $-226,275.04.
What is the net present value?Net present value is a capital budgeting method that calculates is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in years 0 = -3,280,000
Cash flow each year from year 1 to 15 = 3,280,000- 2,903,000 = 377,000
Cash flow in year 15 = 1,640,000
I = 11%
NPV = $-226,275.04
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explain idea generation concept
Installing a security system is an example of this operating expense.
O insurance
O improvements
O inventory
O professional services
Installing a security system is an example of an improvement operating expense. Option B. This is further explained below.
What is security system?Generally, a security system is simply defined as a system of security when someone attempts to break in, an electrical gadget sends off an alert.
inconclusion, An example of an improved operational expenditure is the installation of a security system.
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What is the distinction between debtor and creditor?
Answer:
A creditor is a person who lends money or extends credit to another person. A debtor is a system or person that owes money to another orginization or party (AKA a company or individual who owes money.)
Explanation:
Hope this helps you! Good luck :)
Debtor → A company or individual who owes money.
Creditor → A person to whom a debt is owed especially.
Basically the debtor is the borrower and the creditor is the lender.[tex]\large{\red{\bold{ { \underline{\overline{{ \purple{hope \: this \: helps \: you \: \:}}}}}}}}[/tex]
PLEASE ANSWER FAST
Film editors need very good __________________ skills in order to work with the production team.
A. listening and communication
B. organization and decorating
C. athletic and listening
D. communication and discussion
Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported
Please answer A.S.A.P
Thank you
Answer:
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.
How is creative thinking similar to a child’s thinking? A. Neither process restricts itself to logical solutions. B. Both thought processes always come up with fresh ideas. C. Both thought processes are simplistic. D. Both thought processes are linear
Answer: D. Both thought processes are linear
Explanation: I think I'm not too certain.
