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.
Learn more about business entity assumption here:
https://brainly.com/question/14117518
#SPJ1
Wise Company had the following transactions.
1. Issued 7,000 shares of common stock with a par value of $10 for $130,000.
2. Issued 2,000 shares of $100 par preferred stock at $108 for cash.
3. Purchased 500 shares of treasury stock for $20 per share
4. Sold treasury 250 shares of treasury stock at $22 per share
Instructions
Prepare the journal entries to record the above stock transactions.
The preparation of the Journal Entries to record the stock transactions of Wise Company is as follows:
Journal Entries:1. Debit Cash $130,000
Credit Common Stock $70,000
Credit Additional Paid-in Capital- Common Stock $60,000
To record the issuance of 7,000 shares at $10 for $130,000.2. Debit Cash $216,000
Credit Preferred Stock $200,000
Credit Additional Paid-in Capital- Preferred Stock $16,000
To record the issuance of 2,000 shares of $100 at $108.3. Debit Treasury Stock $5,000
Debit Additional Paid-in Capital- Common stock $5,000
Credit Cash $10,000
To record the purchase of 500 shares at $20.4. Debit Cash $5,500
Credit Treasury Stock $2,500
Credit Additional Paid-in Capital- Common Stock $3,000
To record the sale of treasury shares at $22.Transaction Analysis:1. Cash $130,000 Common Stock $70,000 Additional Paid-in Capital- Common Stock $60,000
2. Cash $216,000 Preferred Stock $200,000 Additional Paid-in Capital- Preferred Stock $16,000
3. Treasury Stock $5,000 Additional Paid-in Capital- Common stock $5,000 Cash $10,000
4. Cash $5,500 Treasury Stock $2,500 Additional Paid-in Capital- Common Stock $3,000
Learn more about journalizing stock transactions at https://brainly.com/question/17439058
#SPJ1
Susan observed that the advertisement of a competitor of her company was deceptive. She decided to complain about the advertisement to the proper authorities. This led to a dispute between her company and the competitor. Which agency is likely to solve the dispute between Susan’s company and the competitor? The is likely to solve the dispute between Susan’s company and the competitor.
The agency that is likely to solve the dispute between Susan’s company and the competitor is the Federal Trade Commission.
What is an Advertisement?This refers to the creation of awareness about a particular good or service to potential customers by listing the benefits of using the good or service.
Hence, we can see that based on the fact that the advertisement of a competitor is believed to be deceptive by Susan, she makes a formal complaint, and the agency that can solve this dispute is the Federal Trade Commission.
Read more about advertisement here:
https://brainly.com/question/25528284
#SPJ1
Answer:
Federal Trade Commission
Explanation:
These are the guys that solve disputes between companies.
Define marketing and the marketing concept.
Answer:
Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and also utilizing the appropriate people to provide the customer service associated with goods, services, or ideas...
What is Top Glove's company process strategy?
Answer: Top Glove's growth strategy is two-fold: organic and inorganic expansion. Its yearly production capacity increased dramatically from 3.2 billion pieces in 2001 to 64 billion pieces in 2019.
Explanation:
Answer:
Top Glove's management's focus is to use technology to further automate its production lines, reduce the number of workers, and improve the efficiency of its line and quality of its products.
Explanation:
Inter1. Interview a business owner/manager on the crisis experienced in the workplace
The outcome of the interview shows that the crisis experienced in the workplace is due to:
Financial CrisisPersonnel CrisisOrganizational CrisisTechnological Crisis, etc.What is a business crisis?This is known to often take place when an unexpected issue comes up and puts the stability of a company or firm at risk.
Therefore, The outcome of the interview shows that the crisis experienced in the workplace is due to:
Financial CrisisPersonnel CrisisOrganizational CrisisTechnological Crisis, etc.Learn more about crisis from
https://brainly.com/question/25664180
#SPJ1
o Explain how an auction to sell the Wells Fargo consumer-facing banking division might be used to determine the value of the division.
Assuming Wells Fargo wants to identify changes in public opinion impacting the firm, it should conduct Environmental monitoring.
What is Environmental monitoring?Environmental monitoring can be defined as the method of observing or monitoring an environment using specialized techniques.
Environmental monitoring is important as it can help to study the environment by providing accurate and necessary information needed about the surrounding, including the impact an activity has on an environment.
Learn more about Environmental monitoring here,
https://brainly.com/question/911583
#SPJ1
Which view is represented below?
Datasheet view
Design view
PivotChart view
PivotTable view
Answer:
Datasheet view is represented
Answer:
Datasheet view is the answerExplanation:
A datasheet is a useful way of viewing data in Acces.Most importantly,datasheet view allows a user to view many table records at the same time.In datasheet view,information is displayed in rows and columns-similar to a spreadsheet.Records are displayed as rows,so each row is an individual record.Should firms require higher rates of return on foreign projects than on identical projects located at home? Explain.
Toyota Motor Credit Corporation (TMCC), a subsidiary of Toyota Motor Corporation, offered some securities for sale to the public on March 28, 2008. Under the terms of the deal, TMCC promised to repay the owner of each security $100,000 on March 28, 2038, but investors would receive nothing until then. Investors paid TMCC $24,099 for each of these securities; so they paid $24,099 on March 28, 2008 for the promise of a $100,000 payment 30 years later. Why would TMCC be willing to accept such a small amount today ($24,099) in exchange for a promise to repay about four times that amount ($100,000) in the future? A feature of this particular deal is that TMCC has the right to buy back the securities on the anniversary date at a price established when the securities were issued. What impact does this feature have on the desirability of this security as an investment?
To avoid the confusion, normal equation will be like this,
24,099*(1+r)³°=100,000
Solving for r we get,
r=4.8576%
What are securities?The term "security" refers to a fungible, negotiable financial instrument that holds some type of monetary value. It represents an ownership position in a publicly-traded corporation via stock; a creditor relationship with a governmental body or a corporation represented by owning that entity's bond; or rights to ownership as represented by an option.
Securities can be broadly categorized into two distinct types: equities and debts. However, some hybrid securities combine elements of both equities and debts.
Learn more about securities here,
https://brainly.com/question/2092464
#SPJ1
The investment with the highest risk is ____.
A. government bonds
B. stocks
C. mutual funds
D. real estate
The investment with the highest risk is known as the C. mutual fund.
What is a mutual fund?It should be noted that a mutual fund simply means investing in securities, bonds, ad debt by the company.
Therefore, the investment with the highest risk is known as the mutual fund.
Learn more about mutual funds on:
brainly.com/question/4521829
#SPJ1
Answer:
B. Stocks
Explanation:
Stocks do not guarantee giving return to the visitor, and they are easy to lure people into scams.
The expected value of an asset at the end of its useful life is known as ________.
residual
What is true about open-end credit? A. It is not typically used for a single purchase but for many purchases over a period of time. B. This type of credit is sometimes referred to as a consumer loan. C. This type of credit is commonly used for big ticket things like mortgages or car loans. D. Payments typically stay the same amount from month to month
The option A and D is true about open-end credit because they mention that,
A) It is not typically used for a single purchase, but for many purchases over a period of time.
D) Payments typically stay the same amount from month to month.
What is open end credit?Open-end credit, also called revolving credit, can be defined as a line of credit that gives the borrower a certain limit of credit and the ability to frequently borrow as little or as much of that money and repay any amount utilized below the set limit within a specified period.
With an open-end credit, the borrower has access to the whole credit limit, or full amount, once approved.
Thus, option A and D are true.
Learn more about Open-end credit here,
https://brainly.com/question/13885558
#SPJ1
Research title related to ABM
Answer:
They are: business, marketing, accounting, project management, and human resources.
Hope it helps...
How do objectives make it more likely that you will reach your goals? A. Objectives help guide your career choices. O B. Objectives are the best way to assess your interests. C. Objectives provide a step-by-step path to success. D. Objectives are based on others' experiences. S
You are working for an organization that provides clean water technology to communities in Africa. They have never worked in Malawi, but want to and need to understand how consumers source water, how they prepare it (sterilize or clean it), and how they use it. You know that a study was done on water sources, water preparation, and water uses in Kenya. ● What type of research would the Kenya study be considered and how would you go about validating its findings for Malawi (a different country in Africa)? How would your answer change if your organization was considering a community in a remote area of Nicaragua?
The research type of the Kenya study would be qualitative, and to validate its findings in Malawi it would be necessary to apply new research in the region.
What is qualitative research?It corresponds to an approach that considers subjective aspects of human behavior and society, related to cultural and historical individualities of a population.
Therefore, according to the analysis of the case, it would be essential that for each challenge in the search to understand the behaviors of a different country in relation to water, a new qualitative research was developed.
Find out more about qualitative research here:
https://brainly.com/question/25272333
#SPJ1
The potential benefits a person or business gives up when making an
economic decision is called the
O A. profit margin
B. capital investment
C. opportunity cost
O D. production possibility
The potential benefits a person or business supplies when getting an
economic decision is called the opportunity cost.
What is an opportunity benefit in economics?Opportunity cost is the decision that one takes in order to get something. The benefit is the decision that a person gives in personal or professional life.
If the outcome of the decision is in favor than the opportunity cost is in benefit and if the decision has consequences than the opportunity cost is in loss.
Thus, option C is correct.
For more details about Opportunity cost, click here:
https://brainly.com/question/20446148
#SPJ1
business entities that operare in a dual market structure
Business entities that operate in a dual market structure is termed as Duopoly.
What is Duopoly?A duopoly is a market situation that entails two competing companies that share the market. A pure duopoly is a market where there are just two firms.
A duopoly exists when two companies dominate a market for a given product or service. A duopoly can have the same impact on the market as a monopoly if the two players collude on prices or output.
Hence, dual market structure operated by Business entities is termed as Duopoly
Learn more about Duopoly here,
https://brainly.com/question/17205622
#SPJ1
The first thing you should do when you receive a job application is read the entire document before you begin
completing it.
True
False
Fill in the second sheet of the file entitled “Case on FCF template” where the valuation
of company A by the directors of a company interested in acquiring company A is carried
out. The cells to be filled in must be done by means of the corresponding formulas.
Entering numbers by hand is not allowed. The completed file must be attached with the
answers to the questions of the exam.
Since template is not given, answer will be subjective. The valuation of a firm is known to be the value of a firm as it entails total summation of all the claims of the firm's creditors and shareholders.
What is the valuation of a firm?The valuation of a firm is known to be the value of a firm is that is known as the total summation of all the claims of the firm's creditors and shareholders.
Therefore, methods to use to measure it is only by summing or adding the market value of all of the firm's debt, equity, and also the minority interest.
Note that Cash and cash equivalents have to be deducted to get to the net sum or value.
Learn more about valuation from
https://brainly.com/question/8084221
#SPJ1
Chris is a project manager. He has just completed the project-execution phase. What tasks does he need to
complete during the next phase of the project? CHECK ALL THAT APPLY
Create a project schedule
Send out the project review report
Give the deliverable to the customer
Conduct a risk assessment
monitor and control the project
Build the deliverable
Back up important project documents
Conduct the project review
As a project manager, it is important for Chris to review the technicalities of the project and then building the deliverables in such a way that they can be given to the customer.
Who is a project manager?A project manager is a professional who is involved in completion of a project being assigned to him in the organization with the help of resources available at his end.
After the execution of a project has been completed, a review must be done for the project, after which important backups of the project must be made.
This shall be followed by project review report must be sent to the respective authorities. Finally, deliverables are to be built and given to the customer as per their requirements.
Hence, options B, C, F, G and H hold true regarding the next phases to be completed by Chris as a project manager.
Learn more about project manager here:
https://brainly.com/question/15404120
#SPJ1
What term refers to the power of the government to tax and spend to achieve
economic goals?
A. Fiscal policy
B. Discretionary spending
C. Monetary policy
D. Economic efficiency.
If you convinced your principal to cancel an assembly because of a political
concern, what would this situation be an example of?
A. Drawing conclusions
O B. Prediction
O C. Rhetoric
O D. Generalization
Answer:
I believe the answer is C (Rhetoric).
Explanation:
Rhetoric refers to the art of persuasion. According to the question, the principal was convinced to cancel an assembly due to a political concern.
Which of the following is an example of a secured loan?
A. A student loan
B. A personal loan
C. A car loan
D. A credit card
Receiving a payment from a debtor on account would affect the Accounts Receivable with a __________ entry.
A. Debit
B. Credit
Answer:
Credit.
Explanation:
The drawings account receives a __________ entry when the owner withdraws money for personal use.
A. Debit
B. Credit
I’d like to be a web developer,” says Cyrus. “But I don’t know if I want to spend my career at a big company.” What is the BEST advice to give Cyrus?
A.
“Demand for that career is falling. You may not have a choice but to work for a big company.”
B.
“Actually, most web developers work remotely or at small companies.”
C.
“Big companies aren’t so bad when you get used to them.”
D.
“Don’t worry! Web developers work at companies of all sizes and can even work freelance.” HELP ASAP
Answer:
D
Explanation:
I think D is the most appropriate , since developers can technically work at any company , and a good percentage work in freelancing .
Also for answer B it specified that web developers work either at small companies or remotely , which is not limited to only these two... hope this helps.
Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.
Based on the information above, please outline arguments supporting and opposing a decision to outsource this function of your business. Use the IRAC method to outline your argument
IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.
What is meant by human resource department?Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.
They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.
Thus,IRAC method is used in outsource the human resource department for the company.
For more information about Human resource department, click here:
https://brainly.com/question/15075784
#SPJ1
Wesley has asked his assistant to prepare an income and expense statement for a meeting. Which costs can the assistant include in the
operating expenses in the statement?
OA. loan payments
OB. taxes
OC. cost of land purchase
O D.
cost of the purchase of heavy machinery
OE inventory expenses
The cost that the assistant can include in the operating expenses in the statement include:
A. loan paymentsB. taxesD. cost of the purchase of heavy machineryE inventory expensesWhat are operating expenses ?An expense a business faces as a result of ongoing operations is referred to as an operating expense. Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for R&D.
Operating expenses, which are frequently referred to as OPEX, include rent, tools, inventory costs, marketing, payroll, insurance, step charges, and money set aside for R&D.
Loan payments, taxes, and inventory expenses should therefore be included by Wesley's assistant.
Find out more on operating expenses at https://brainly.com/question/14697297
#SPJ1
A company purchased equipment for $ 2,000 cash. the seller stated that the equipment was worth $ 2,400. at what amount should the equipment be recorded? at $ 2,000 or $2,400? justify your answer
20 points easy …………………….
Answer:
D.....................................
