Answer:
Explanation:
24900 x 1.05^6 = 33368.3815
33368.3815 - 24900 = 8468.3815
9500 - 8468.3815 = 1031.6185 cost assigned before payments
3500-1200 = 2300
therefore cost assigned = 2300 +1031.6185 = 3331.6185
Truck cost = 3331.62
Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following types of private solutions to the externality of pollination has occurred in this case?
A) Integration of different types of businesses through merger or acquisition
B) Charities
C) Moral codes and social sanctions
D) Contracts
Answer: Contracts
Explanation: Because the 2 parties are coming to a contractual agreement.
Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
Personality assessment refers to the proficiency in professional psychology that's vital in measuring the personal characteristics of a person.
Personality assessment can also be used in diagnosing psychological problems and screening candidates for college and employment.
Personality assessment is important as it's vital in fueling leadership development. It can also be used by a leader to uncover deep insights about himself or herself.
Read related link on:
https://brainly.com/question/25302961
Question 3 of 10
form from their clients that
Independent contractors receive a
verifies their earnings for the year.
O A. W-2
B. 1099
O C. 1040
D. W-4
Answer:
B. 1099
Explanation:
Answer:B
Explanation: I just got it right
Information related to Pagnucci Co. is presented below.
1. On April 5, purchased merchandise from Mockingbird Company for $20,000 terms 2/10, net/30, FOB shipping point.
2. On April 6 paid freight costs of $500 on merchandise purchased from Mockingbird.
3. On April 7, purchased equipment on account for $29,000.
4. On April 8, returned damaged merchandise to Mockingbird Company and was granted a $3,000 credit for returned merchandise.
5. On April 15 paid the amount due to Mockingbird Company in full.
(a) Prepare the journal entries to record these transactions on the books of Pagnucci Co. under a perpetual inventory system.
(b) On April 20, Pagnucci sold 60% of the goods purchased from Mockingbird. What amount would they record as cost of goods sold?
(c) How would the April 6 entry be different if the $500 was paid to ship goods to a customer (rather than for shipping costs for goods purchased)?
(d) Assume that Pagnucci Co. paid the balance due to Mockingbird Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
a) Journal Entries on the books of Pagnacci Co. are as follows:
April 5 Debit Inventory $20,000
Credit Accounts Payable (Mockingbird Company) $20,000
To record the purchase of goods on account, terms 2/10, net/30, FOB shipping point.
April 6 Debit Freight-in $500
Credit Cash $500
To record the payment of freight
April 7 Debit Equipment $29,000
Credit Accounts Payable $29,000
To record the purchase of equipment on account.
April 8 Debit Accounts Payable (Mockingbird Company) $3,000
Credit Inventory $3,000
To record the return of goods for credit.
April 15 Debit Accounts Payable (Mockingbird Company) $17,000
Credit Cash $16,660
Credit Cash Discount $340
To record the payment on account in full, including discounts.
b) The cost of goods sold is $10,500 ($17,500 x 60%).
c) The difference is that the $500 will not be included in the cost of of the inventory purchase. Instead, it will be treated as a selling expense (freight-out).
d) The Journal Entry to record the payment on May 4 instead of April 15 is as follows:
May 4 Debit Accounts Payable (Mockingbird Company) $17,000
Credit Cash $17,000
To record the payment on account in full.
Data Analysis:
April 5 Inventory $20,000 Accounts Payable (Mockingbird Company) $20,000 terms 2/10, net/30, FOB shipping point.
April 6 Freight-in $500 Cash $500
April 7 Equipment $29,000 Accounts Payable $29,000
April 8 Accounts Payable (Mockingbird Company) $3,000 Inventory $3,000
April 15 Accounts Payable (Mockingbird Company) $17,000 Cash $16,660 Cash Discount $340
Cost of goods available for sale:
Inventory purchase = $20,000
Freight-in 500
Inventory return = (3,000)
Cost of goods available $17,500
Cost of goods sold (60%) $10,500
Learn more: https://brainly.com/question/17201601
State the role of the light stage of photosynthesis to the Calvin cycle.
Explanation:
In ths light independent reactions or calvin cycle, the energized electrons from the light dependent reaction provides the energy to form carbohydrates from carbon dioxide molecules. The light independent reactions are something called the calvin cycle because of the cyclical nature of the process.
Explanation:
In ths light independent reactions or calvin cycle, the energized electrons from the light dependent reaction provides the energy to form carbohydrates from carbon dioxide molecules.
Presented below are various receivable transactions entered into by Beran Tool Company. Indicate whether the receivables are reported as accounts receivable, notes receivable, or other receivables on the balance sheet.
a. Loaned a company officer $5,000.
b. Accepted a $3,000 promissory note from a customer as payment on account.
c. Determined that a $10,000 income tax refund is due from the IRS.
d. Sold goods to a customer on account for $4,000.
e. Recorded $500 accrued interest on a note receivable due next year.
f. Advanced $1,400 to a trusted employee.
Other Receivables
Notes Receivable
Other Receivables
Account Receivable
Other Receivables
Other ReceivablesAnswer:
Explanation:
Answers are,
a. Loaned a company officer $5,000 - Other Receivables
b. Accepted a $3,000 promissory note from a customer as payment on account. - Notes Receivable
c. Determined that a $10,000 income tax refund is due from the IRS - Other Receivables
d. Sold goods to a customer on account for $4,000 - Accounts Receivable
e. Recorded $500 accrued interest on a note receivable due next year - Other Receivables
f. Advanced $1,400 to a trusted employee - Other Receivables
Accounts receivable are line items or a group of line items that appear as assets on an organization's balance sheet. It's the money a company's clients owe for services they've received by haven't paid for yet . For example, when a customer purchases products or services on credit, the amount they owe gets added to the company's accounts receivable. Whereas,
Notes receivable are underlying promissory note that details the terms of payment for a purchase between a company and a customer. Most often, notes receivable appear when a client needs more time to pay for a sale than the conventional billing terms. Agreeing for a slower payment, the company charges interest and requires a signed promissory note for legal purposes.
And, Other receivables include money owed from non-trade activities. Usually, these include small amounts that companies cannot disclose as separate items.
To know more about receivables:
https://brainly.com/question/14032135
#SPJ2
There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
2, 1, 3, 4
1, 2, 3, 4
4, 1, 2, 3
4, 2, 3,1
Units-of-Production Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expected to have a $2,000 residual value at the end of its 5-year useful life. Irons uses the units-of-production method of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles driven in 2019 and 2020 were 40,000 and 36,000, respectively.
Required: Prepare the journal entry to record depreciation expense for 2019 and 2020. Round your answers to the nearest dollar. Do not round intermediate calculations.
Depreciation Expense for 2019 is $10,800 while Depreciation Expense for 2020 is $9,720
Rate of Depreciation = (Cost - Residual Value) ÷useful life
= ($42,000 - $2,000) ÷ 150,000 miles
= $0.27
Depreciation Expense = Rate of Depreciation x unit of miles during the period
So,
Depreciation Expense for 2019 = $0.27 x 40, 000
= $10,800
Depreciation Expense for 2020 = $0.27 x 36,000
= $9,720
Journal entries to record depreciation expense
Date Account titles and explanation Debit Credit
2019 Depreciation Expense $10,800
Accumulated Depreciation $10,800
Date Account titles and explanation Debit Credit
2020 Depreciation Expense $9,720
Accumulated Depreciation $9,720
See similar questions here: https://brainly.com/question/22525382
Nick and Matt are the partners in a local health food store. They
needed $73,000 to start the business. They invested in the ratio 3:7
a. How much money did each invest?
b. What percent of the business was owned by Matt? Round to the
nearest tenth of a percent
a. The amount that each invested is: Nick $21,900; Matt $51,100.
b. Percent of the business owned by Matt is 70%.
a. Amount invested by each
First step is to calculate the total parts
Total parts=3x + 7x
Total parts=10x
Second step is to calculate the cost per part(x)
Cost per part(x)=73,000/10
Cost per part(x)=7,300
Third step is to calculate the money invested by Nick and Matt
Money invested by Nick=3x
Money invested by Nick=3×7,300
Money invested by Nick=$21,900
Money invested by Matt=7x
Money invested by Matt=7×7,300
Money invested by Matt=$51,100
b. Percent owned by Matt
Using this formula
Percent owned by Matt =Part owned by matt/Total part
Let plug in the formula
Percent owned by Matt =7x/(3x+7x)
Percent owned by Matt=7x/10x
Percent owned by Matt=0.7×100
Percent owned by Matt =70%
Inconclusion the amount that each invested is Nick $21,900; Matt $51,100 and the percent of the business owned by Matt is 70%.
Learn more here:
https://brainly.com/question/17250642
Waddle Incorporated manufactures a single product. Variable costing net operating income was $96,300 last year and its inventory increased by 2,600 units. Fixed manufacturing overhead cost was $2 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year
Answer:
Helmers Corporation manufactures a single product Variable costing net operating Income last year was $77,000 and this year was $92,300. Last year, $28,700 In fixed manufacturing overhead costs were released from Inventory under absorption costing. This year, $10,900 In fixed manufacturing overhead costs were deferred In Inventory under absorption costing. What was the absorption costing net operating Income last year? Multiple Choice $81,400 O $77.000 0 $48,300 0 $105,700 Tubaugh Corporation has two major business segments--East and West. In December,
3. Identifying the Problem, Defining the Purpose, and Collecting Data Business reports require planning. Before you begin writing a report, you should define the project and gather data. In order to determine the problem your report will help to solve, you should first . What are the typical sources for gathering factual data for informal reports
The first step to show the problem the report focuses on is writing a clear problem statement. On the other hand, the most common sources for informal reports include observations, electronic sources, and printed materials.
In companies, the purpose of most reports is to describe or a process in a detailed way. In the case of reports that focus on problems, these reports aim at explaining through accurate data a problem or issue in the company.
One of the first elements in these reports is a clear problem statement, this means the problem the reports explain is summarized in a short but clear and accurate statement. This statement is usually one of the first elements in the report because it helps the writer know what the report is about.
On the other hand, reports need to illustrate and explain the problem based on realistic and accurate data. Because of this to write a report sources such as articles, observations, printed documents, etc.
In the case of informal reports the most common sources are:
Observations: Information you obtain by monitoring a process or phenomenon.Electronic sources: Information related to the problem found on the internet or in electronic records.Printed materials: Documents such as letters, reports, etc. that provide information about the problem.Learn more in: https://brainly.com/question/11509805
I just need a paragraph or two answering these questions im doing a day care Business marketing plan, got stuck on this section its the last one. You can estimate the prices and the services we are targeting low to middle class so somewhere in between. For services we are offering pickups from local schools,toys,books, playgrounds the building is owned so just base your answers on that. Please someone help me its due in a couple hours.
if they have an actual number to use them as much a name for them or something that will come back up.
How do firms maximize profits? Fill in the blanks to complete the passage regarding sunk costs for a manufacturer of ethanol.
Ethanol, a biofuel derived from corn, is used in the production of both gasoline and pharmaceutical-grade hand sanitizer. During the pandemic, as the demand for gasoline plummeted, several producers of ethanol retrofitted their plants by purchasing new capital in order to produce a higher-quality ethanol, which could be used to make a medical-grade hand sanitizer. Future decisions about whether to produce ethanol for gasoline or for hand sanitizer – be informed by the – costs they incurred to retrofit their plant.
Future decision about whether to produce ethanol for gasoline or for hard sanitizer would not be informed by the sunk costs they incurred to retrofit their plant.
This question requires that we fill in the blank at the end of the question. The sunk cost can be referred to as a cost that has already been incurred. This money cannot be recovered again.
Profit maximization is a situation where by firms would try to lower their input costs and go for the highest output that would give them the optimal level of profit.
The decisions on production would not be determined by sunk cost, instead it would be determined by the benefits that the firm would accrue.
Read more on https://brainly.com/question/17257765?referrer=searchResults
if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?
As an economic concept, scarcity applies
to A) both money and time.
B) money but not time.
C) time but not money.
D) neither time nor money
Answer:
A
Explanation:
both the poor and the rich. Scarcity requires that people must. make choices. As an economic concept, scarcity applies to. both money and time.
Time and money are the two most in-demand precious resources. Most people lack one, the other, or both in an excessive amount. Therefore Option (A) is the correct option.
What is scarcity?Scarcity as an economic principle "refers to the fundamental truth of existence that there exists only a finite number of human and nonhuman resources that the finest technical knowledge is capable of exploiting to produce just a restricted maximum amount of each economic product."
There wouldn't be any economic goods, or comparatively scarce products if the conditions of scarcity didn't exist and "unlimited amounts of every good could be generated or human demands entirely met."
A limited supply of a good or service that may be in demand on the market or by the public is known as scarcity. The inability of an individual to purchase goods is another aspect of scarcity. Scarcity's opposite is abundance.
Learn more about scarcity, from:
brainly.com/question/15128318
#SPJ2
What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.
Answer:
about 12 percent
Explanation:
a negative in the pigmalion effect theory
Explanation:
Negative implications of the Pygmalion Effect: Unjustified expectations end up becoming real. ... Secondary teachers have lower expectations to colored students and students from poor and disadvantaged backgrounds.
m is studying the delivery times of two raw material suppliers. The firm is basically satisfied with supplier A and is prepared to stay with that supplier if the mean delivery time is the same as or less than that of supplier B. However, if the firm finds that the mean delivery time of supplier B is less than that of supplier A, it will begin making raw material purchases from supplier B.
Answer:
So in other words your company or business is looking for the most consistent/reliable supplier who's supply rate is the better out of the two according to overall and long-term supply of said product
1. Which of these approaches is not a way of harnessing open innovation across the internet?
a. Innovation contests
b. Innovation communities
c. Online storage
d. Innovation markets
AMSWER :
1. C. Online Storage
hope it helps❤
Online storage is not a way of harnessing open innovation across the internet. Option C is the correct answer.
Online storage, such as cloud storage services, provides a means to store and access digital files over the internet. While online storage is useful for sharing and collaborating on files, it does not inherently contribute to open innovation as it focuses on data storage rather than idea generation or collaboration. Option C is the correct answer.
Innovation contests involve soliciting ideas or solutions from a wide range of individuals or groups through an open call for submissions. Innovation communities refer to online platforms or networks where individuals with shared interests and expertise come together to collaborate and exchange ideas. Innovation markets, also known as idea markets or innovation exchanges, are online platforms that enable the buying, selling, or licensing of innovative ideas or intellectual property.
Learn more about Innovation here:
https://brainly.com/question/19969274
#SPJ2
You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year
Acellus: into to accounting ?
sorry I don't know this question can you explain it
A group of investors was polled each week for the last five weeks about whether they were bullish or bearish concerning the market. Construct the market sentiment index for each week based on these polls. (Do not round intermediate calculations. Round your answers to 4 decimal places.) Week Bulls Bears 1 58 63 2 53 68 3 47 74 4 50 71 5 43 78
The market sentiment index [MSI] for each week will be 0.5207, 0.5620, 0.6116, 0.5868, and 0.6446
Week 1
Bulls (a) = 58
Bears (b) = 63
c = a + b = 121
MSI = b/c = 0.5207
Week 2
Bulls (a) = 53
Bears (b) = 68
c = a + b = 121
MSI = b/c = 0.5620
Week 3
Bulls (a) = 47
Bears (b) = 74
c = a + b = 121
MSI = b/c = 74/121 = 0.6116
Week 4
Bulls (a) = 50
Bulls (b) = 71
c = a + b = 121
MSI = b/c = 71/121 = 0.5868
Week 5
Bulls (a) = 43
Bears (b) = 78
c = a + b = 121
MSI = b/c = 78/121 = 0.6446
The market segment index measures the ratio that is between the average volume of the declining stocks and that of the advancing stocks.
Read related link on:
https://brainly.com/question/25241529
state the law of demand and explain its assumptions
Answer:
The law of demand states that quantity purchased varies inversely with price.
Explanation:
The law of demand states that quantity purchased varies inversely with price.
Answer:
Law of demand explains consumer choice behavior when the price changes.
The law of demand is a fundamental principle of economics that states that at a higher price consumers will demand a lower quantity of a good.
It means while studying the relationship between the price of a commodity and demand for it, the effect of other determinants of demand on it is assumed to be constant
Explanation:
Assumptions:
-The income of the consumer or the buyer does not change
- Price of the goods remain constant
-Tastes, preferences and the fashion of the buyers does not change.
Which of the following is not a characteristic of a cafeteria?
A tray is used to collect chosen dishes.
Customers tell servers what they want.
Food is displayed along the serving line.
Amounts are usually "all you care to eat" with no limits.
Answer:
The last option
Explanation:
In cafeterias you don't get an unlimited amount of what you want. Sometimes you don't even get what you want.
the pigmalion effect applies to consumer behavior?
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
Explanation:
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
The Pygmalion effect, or Rosenthal effect, is a psychological phenomenon wherein high expectations lead to improved performance in a given area. The effect is named after the Greek myth of Pygmalion, a sculptor who fell in love with a statue he had carved, or alternately, after the psychologist Robert Rosenthal.
Which of the following is an advantage of conducting business in totalitarian nations
Answer:
INTERNAL COMPANIES
The following transactions took place for Smart Solutions Incorporated. 2020
a. July 1 Loaned $63,000 to employees of the company and received back one-year, 10 percent notes.
b. December 31 Accrued interest on the notes. 2021
c. July 1 Received interest on the notes. (No interest has been recorded since December 31.)
d. July 1 Received principal on the notes.
Required:
Prepare the journal entries that Smart Solutions Inc. would record for the above transactions.
Here, we going to prepare the journal entries for the various transactions of Smart Solutions Inc.
Date Account titles and Explanation Debit Credit
Jul-01 2020 Notes receivable $63000
Cash $63000
Dec-31 2020 Interest Receivable $3,150
Interest Revenue $3,150
Jul-01 2021 Cash $6,300
Interest Revenue $3,150
Interest receivable $3,150
Jul-01 2021 Cash $63000
Notes receivable $63000
Notes:
Interest for 6 months on July 1 = $63000 * 10% * (6/12)
Interest for 6 months on July 1 = $3,150
Interest for 1 year = $63000 x 10%
Interest for 1 year = $6,300
See similar solution here
brainly.com/question/22716725
The only accurate statement about consequentalism is:
Answer:
is a class of normative, teleological ethical theories that holds that the consequences of one's conduct are the ultimate basis for any judgment about the rightness or wrongness of that conduct.
The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory, 7/1/2020 32,000 Sales revenue 380,000 Sales returns 12,000 Purchases 240,000 Purchase discounts 6,000 Purchase returns 10,000 Freight-in 17,000 In addition, you determine that the June 30, 2021, inventory balance is $40,000. Required: Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2021.
The cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.
Using this formula
Cost of goods sold=Beginning Inventory+ Net purchases- Ending Inventory
Where:
Beginning Inventory=$32,000
Net purchases=($240,000-$6,000-$10,000+$17,000)=$241,000
Ending Inventory=$40,000
Let plug in the formula
Cost of goods sold=$32,000+$241,000-$40,000
Cost of goods sold=$233,000
Inconclusion the cost of goods sold for the Askew Company for the year ending June 30, 2021 is $233,000.
Learn more here:
https://brainly.com/question/15708509
Suppose you are the Hiring Director for a local computer software design firm. Your company has experienced significant growth over the last two quarters and as a result, your company will be hiring for 30 new positions in the next several months. The Vice President of Human Resources feels this is a perfect opportunity to incorporate unconscious bias training at your company as managers from several departments will be interviewing and hiring candidates for the new positions. Your company, unfortunately, suffers from a lack of diversity especially among the engineering, coding, and designing positions. She has asked you to conduct this training for the department managers in advance of any interviews being conducted.
As the hiring director, which of the following are effective in removing bias from the recruiting, interviewing, and hiring process?
A) Final hiring decisions can be made individually as long as the manager has followed a set of criteria in evaluating the candidate
B) Remind managers that their first or "gut" instinct is often the right choice
C) Final hiring decisions should be made by a hiring committee consisting of three or more department managers
D) Make department managers aware that unconscious bias exists
As a hiring director, it is effective to remove bias from the recruiting, interviewing, and hiring process by making department managers aware that an unconscious bias exists.
It is also effective to eliminate bias by having final decisions made by a hiring committee composed of three or more department managers.
Thus, the recruitment and selection process would be based on multiple views and not on the individual view of a single manager, which can reduce individual prejudices and thus increase diversity.
Awareness that bias exists is also the first step in identifying and solving the problem, providing specific training and guidance for more effective hiring.
A diverse work environment is essential for a company to be more innovative and creative, with professionals with different experiences and visions to enrich work processes and organizational culture.
Learn more here:
https://brainly.com/question/12672701
