In this transaction, Duerr has made an investment in the company by contributing $508,000 in cash and office equipment valued at $39,000. As a result, the company has issued common stock to Duerr, representing his ownership stake in the company.
The value of the common stock issued is calculated as the sum of the cash investment and the value of the office equipment, amounting to $547,000.Furthermore, the company has also prepaid $9,600 in cash. This prepayment indicates that the company has made an advance payment for goods or services that it will receive in the future.Overall, the transaction reflects Duerr's investment in the company through a combination of cash and office equipment, resulting in the issuance of common stock, and the company's prepayment of $9,600.Duerr invests 508,000 cash along with office equipment valued at $39,000 in the company in exchange for common stock. The company prepaid $9,600 cash. In this transaction, Duerr has invested 508,000 cash and office equipment worth $39,000 in the company. The company has issued common stock to Duerr in exchange for this investment. The common stock is worth $547,000 (508,000 + 39,000).Additionally, the company has prepaid $9,600 cash.
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explain how functional considerations of individual departments contribute to financial performance.
Functional considerations of individual departments are important factors that contribute to a company's financial performance. Each department has a set of roles and responsibilities that are essential to the overall success of the company. By performing these functions efficiently and effectively, individual departments can positively contribute to the financial performance of the company.
For example, the marketing department is responsible for promoting and selling the company's products or services. If the marketing department does its job effectively, the company will experience increased sales and therefore better financial performance. Similarly, the finance department is responsible for managing the company's financial resources and ensuring that they are used efficiently. If the finance department does its job effectively, the company will be in a strong financial position and will be able to make a profit.
The functional considerations of individual departments are important to a company's financial performance because each department has a set of roles and responsibilities that are essential to the company's overall success. By performing these functions efficiently and effectively, individual departments can positively contribute to the financial performance of the company.
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after closing revenues and expenses, but before closing the income summary account a successful company would show a
After closing revenues and expenses, but before closing the income summary account a successful organization would show a positive balance in its income statement.
This means that the company's revenues for the period were greater than its expenses, resulting in a net profit. A positive balance in the income statement indicates that the company is financially healthy and is generating enough income to cover its expenses and grow its business. It is a key indicator of a company's financial performance and is typically used by investors and analysts to assess the company's overall health.
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Which expense category will most likely be changed to allow money for the purchase of a car? savings Which expense category will most likely be changed to allow money for the purchase of a car?
savings
groceries
utilities
entertainmentgroceries utilities entertainment
Answer:
D. entertainment
Susan+found+that+accounts+receivable+had+a+balance+of+$500,820+and+calculated+that+5%+of+receivables+were+uncollectible.++based+on+this+information,+__________+is+the+allowance+for+bad+debt.
Susan located that the account receivable had a balance of $500,820 and calculated that 5% of receivables had been uncollectible. based totally on these records, doubtful debts are the allowance for terrible debt.
Definition of uncollectible able to or appropriate for being collected: not collectible uncollectible loans/debt as soon as deemed uncollectible because it can be without difficulty reproduced, the image is now as common to the public sale halls as a nevertheless life accounts uncollectible are receivables, loans, or different debts that have genuinely no risk of being paid. An account can also emerge as uncollectible for lots of motives, including the debtor's financial disaster, a lack of ability to locate the debtor, fraud on the part of the debtor, or loss of proper documentation to prove that debt exists.
Definition. The time period uncollectible debts receivable is used to describe the part of credit score income in debts receivable the organization does not assume to accumulate from a customer. Uncollectible accounts are used in the valuation of accounts receivable, which seems on an organization's balance sheet.
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why do I have to pay
Answer:
Pay for what?
Explanation:
Most things require you to pay a fee.
Which of these describes information that can appear in a consumer’s credit report?
A. The name of a company that gave the consumer a car loan two years ago
B. The amount of money that the consumer loaned to a family member
C. The amount of money the consumer will need to borrow in the next five years
D. The name of a store where the consumer pays cash for all purchases
Answer:
A. The name of a company that gave the consumer a car loan two years ago
Explanation:
A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you
So according to the given situation, the option A is correct
sheldon has a $15,000 liability for a machine that has an interest rate of 10%. the interest expense is:
Answer:
1500
Explanation:
15000 x .10 = 1500
Theresa owes %249%2C000 on her car loan. If the value of her car is %2415%2C000%2C what is her equity in the car%3F
Answer:
The answer is "\(\$6,000\)".
Explanation:
Please find the complete question in the attached file.
We take her automobile value \((\$15,000)\) to reach this result and reduce it \((\$15,000 - \$9,000)\). That's a \(\$6,000\) equity, that's why Theresa has a capital of\(\$6,000\).
Franchisers are permitted to recognize the revenue from the sale of a franchise whenever they wish under accrual-basis accounting. true /false
The statement is false. Revenues are typically recorded when earnings and expenses are compared to the periods in which they contribute to revenue under accrual-basis accounting method. Not when franchisers are permitted to recognize the revenue from the sale of the franchise.
Additionally, in accrual-basis accounting, activities that impact a company's financial statements are recorded in the periods in which they take place, and revenue is recognized in the period in which the performance obligation is met.
A brand can reach many more consumers by or through franchising since the brand already has a loyal following of consumers. In accounting of a franchise, according to the revenue recognition principle, revenue must be reported in the time frame that funds are received.
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During the economic downturn of 2008–2009, the unemployment rate increased to nearly 10%. At the same time, the price of college tuition and the number of college enrollees increased. A. Which statement best explains why more people enrolled in college during this time period even as the price of tuition increased?.
The reason this happened was c. if the next best option was unemployment, many individuals may have preferred to enroll in college and gain new skills in hopes of increasing their future employment prospects.
Economic conditions in 2008 - 2009Unemployment rose as many people lost their jobs. People had to look for alternative means of survival.There was a view that the more skilled one was, the less they would be affected by the economic woes at the time. People therefore enrolled in colleges to gain more skills.
In conclusion, option C is correct.
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handling problems with orders can be tricky. when you must deliver disappointing news about an order, use to avoid negative feelings from the customer.
Handling problems with orders can be tricky. When you must deliver disappointing news about an order, there are several strategies that can be used to avoid negative feelings from the customer.
The first strategy is to be transparent with the customer. This means being honest about the situation, explaining what went wrong, and how it can be fixed. It is also important to apologize for the inconvenience caused. This shows the customer that you value their business and are taking the situation seriously.
The second strategy is to offer a solution that meets the customer's needs. This could involve offering a refund, exchange, or discount on a future purchase. By offering a solution, the customer is more likely to feel heard and valued, which can help to mitigate negative feelings.
Another strategy is to be empathetic. This means acknowledging the customer's disappointment and frustration, and showing that you understand how they feel. This can help to defuse the situation and build rapport with the customer.
Finally, it is important to follow up with the customer to ensure that the issue has been resolved to their satisfaction. This can help to build trust and loyalty with the customer, which can lead to future business. Overall, when handling problems with orders, it is important to be transparent, offer solutions, be empathetic, and follow up to ensure customer satisfaction.
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Ben Thomas is earning an annual salary of $15,090 at Custom Stereos. He has been offered a job at the local Ford dealer for $16,660 annually. How much more would Ben earn per week if he accepts the position at the Ford dealer?
Answer:
$30.2
Explanation:
The current annual salary for Ben Thomas is $15,090. the weekly salary will be $15,090 divide by 52
=$15,090 / 52
=$290. 2
The new annual salary at the Ford dealer is $16,660
Weekly salary is the annual salary divided by 52
= $16,660 / 52
=$320.4
Ben Thomas will earn much more by:
=$320.4 - $290. 2
=$30.2
The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.
T or F
A manufacturer of ophthalmic lasers currently sells its product in the United States and Europe. The firm has noted, however, that hospitals in developing countries are now interested in having this technology. This represents a(n) ______ for this firm.
This represents a competitive advantage for this firm.
What is Competitive advantage?These are the factors which allow a company to generate more
sales or superior margins when compared to its market rivals.
All production companies have their various rivals which
produce similar products. In cases where a company has more
sales and customer interests , the company is said to have a
competitive advantage over the others.
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Why is it important to keep your own financial records?
Answer:
You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business
Explanation:
prepare the horizontal model for each of the following transactions. a. to record the payment on july 1, assuming that all $27,000 is initially recorded as rent expense. b. to record the adjustment that would be appropriate at july 31 if your entry in a had been made. c. to record the payment on july 1, assuming instead that all $27,000 is initially recorded as prepaid rent. d. to record the adjustment that would be appropriate at july 31 if your entry in c had been made. e. to record the adjustment that would be appropriate at august 31 and september 30, regardless of how the payment on july 1 had been initially recorded (and assuming that the july 31 adjustment had been made). indicate the financial statement effect. (enter decreases with a minus sign to indicate a negative fina
As a supervision to the bookkeeper, it is advised that the payment be initially recorded as a debit to Prepaid rent. Rent is paid at the start of the relevant quarter, hence this is the correct accounting technique. Because it resembles an advance payment, it needs to be recognized as an asset when the payment is made. The portion of the rent that has expired each month should be included to the rent expense.
Is Prepaid rent A current liabilities?Simply said, prepaid rent is shown under current assets on the balance sheet since it is common for businesses to pay the rent in advance and to use it within a short period of time after payment, typically during the same financial period.
Rent that has been paid in advance can be used to offset future rent expenses, making it an asset.
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Discuss 15 ways of using the theory of comparative advantage of solving the economic crisis in Ghana
Encouraging businesses to specialize in goods and services where they have a comparative advantage, leads to increased efficiency and competitiveness. Identifying the sectors in which Ghana has a comparative advantage and focusing on developing these industries through investment and infrastructure development.
Promoting exports of goods and services that Ghana has a comparative advantage in, to increase foreign exchange earnings. Encouraging foreign investment in sectors where Ghana has a comparative advantage.
Improving the education and skill levels of the workforce to increase their comparative advantage in the global market. Promoting entrepreneurship in sectors where Ghana has a comparative advantage.
Encouraging research and development to increase innovation and comparative advantage. Strengthening the legal and regulatory framework to attract foreign investment and promote business growth.
Improving the efficiency and productivity of businesses to increase their comparative advantage. Diversifying the economy to reduce dependence on a single sector and increase comparative advantage in multiple sectors. Improving transportation and communication infrastructure to increase the competitiveness of businesses. Encouraging the development of small and medium enterprises to increase competitiveness and comparative advantage.
Promoting collaboration and partnerships between businesses to increase their comparative advantage. Encouraging the development of new technologies to increase efficiency and comparative advantage. Fostering a business-friendly environment to increase investment, competitiveness, and comparative advantage.
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A manufacturer of cast iron skillets wants to place its skillets for sale in a major retail store. Which of the following would be a negotiable item?
A. Prices and pricing allowances for volume purchases
B. Inventory levels the retail store should maintain
C. Retail pricing points
D. Location of shelf positioning
E. All of the above
The negotiable item in this scenario would be the retail pricing points. While the manufacturer may have a set price for their cast iron skillets, they may need to negotiate with the major retail store to ensure that the pricing is competitive and will attract customers. The answer is C.
This negotiation could involve discussing the profit margin for both the manufacturer and the retail store, as well as considering the pricing of similar products in the market.
However, it's important to note that other factors such as quantity of products, placement within the store, and marketing efforts could also be negotiable items that could impact the success of the product in the retail store.
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A candle company is writing copy for a new Display ad. They want to use it to influence consideration for their product. What should they do with their creative
The candle company should focus on creating a compelling and engaging display ad that highlights the unique features and benefits of their candles.
Here are a few key tips that they should consider when crafting their creative:
Use attention-grabbing visuals: Display ads are highly visual, so the candle company should make sure to use eye-catching images or animations that will capture the viewer's attention. The visuals should be relevant to the product and convey the key benefits or emotions that the candle company wants to evoke.
Keep the messaging concise and clear: The ad copy should be simple, easy to read, and clearly communicate the value proposition of the product. The messaging should highlight the key benefits of the candles, such as their long-lasting burn time, all-natural ingredients, or unique scents.
Create a sense of urgency: To encourage viewers to take action, the ad should create a sense of urgency or scarcity. For example, the ad could include a limited-time offer or promotion that incentivizes viewers to make a purchase.
Tailor the creative to the target audience: The candle company should make sure that their ad creative speaks directly to their target audience. For example, if they are targeting customers who are interested in eco-friendly products, they should highlight the sustainable aspects of their candles.
By following these tips, the candle company can create a display ad that effectively influences consideration for their product and encourages viewers to take action.
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Aspirations, Inc. provides life coaching to its clients. As Aspirations is budgeting for December, the budgeted beginning cash balance is $25,000. The company is budgeting cash receipts during December of $104,000 and cash disbursements of $95,000. Aspirations Inc. desires an ending cash balance of $75,000, and they have made arrangements with a bank to borrow up to $90.000 when needed. The agreement stipulates that interest will not be due until the following month.
Required:
Prepare the Aspirations, Inc.'s cash budget for December, Include any borrowing needed to achieve Aspiration's desired ending cash balance.
Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance
The ending cash balance = $75,000
The given information is:
Beginning cash balance = $25,000
Cash receipts = $104,000
Cash disbursements = $95,000
Desired ending cash balance = $75,000
Maximum borrowing limit = $90,000
As per the above data, the cash budget of Aspirations, Inc. for December can be prepared as follows:
Beginning cash balance = $25,000
Add cash receipts = $104,000
Total cash available = $129,000Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000Therefore, Aspirations, Inc.'s cash budget for December would be as follows:
Beginning cash balance = $25,000Add cash receipts = $104,000
Total cash available = $129,000
Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000
Hence, the correct option is:
Beginning cash balance = $25,000Add cash receipts = $104,000
Total cash available = $129,000
Less cash disbursements = $95,000
Excess (deficiency) of cash available over disbursements = $34,000
Borrowings = $0
[Since cash receipts are greater than cash disbursements and there is enough cash available to meet Aspiration's desired ending cash balance]
Ending cash balance = $75,000
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Which of the following is not an effective strategy for verbal communication?
A) Repeat facts back to the other person.
B) Speak in a respectful tone of voice.
C) Avoid slang or unfamiliar jargon.
D) Choose your vocal tone and pitch carefully.
Answer: A)
Explanation: Its not a effective strategy because if you repeat the acts the other peron will get tired of hearing you and it can turn into a boring conversation.
Discuss whether or not growth of an industry will increase the profit earned by the firms in the industry.
Answer: Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Explanation:
Industries have their various activities, competition, customers (both prospective and existing). A growth in industry would mean that there is a larger demand for what is been sold in that industry, and when the demand is high, their would be lack, which would create that gap and allow marketers or producers get more profit, based on the high demand now. Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Following ethical standards that have been outlined by the company you work for are___standards(apex)
A.professional
B.personal
C.industry
D.organizational
Answer:
D. organizational
Explanation:
You must focus on both your personal life and profession. Just got the question right on apex.
Answer:
The answer is D. Organizational
Explanation:
`
A&M Records Inc. v. Napster Inc.
During the early 2000s, music fans freely shared their favorite songs online. Every day, they went to Napster and other peer-to-peer music sharing services to exchange thousands and thousands of MP3 files. They had access to almost every type of music and artist. There was just one problem. No one was paying for anything. Musicians, songwriters, producers, and record companies were losing millions of dollars.
So A&M Records and other companies affiliated with the Recording Industry Association of America filed a lawsuit against Napster and its creator Shawn Fanning. (Fanning was a college student at Northeastern University when he began the file-sharing service in 1999.) The suit accused Napster of contributory and vicarious copyright infringement. The case landed in the United States Court of Appeals for the Ninth Circuit. There, Napster was found guilty on both counts, and the site was forced to shut down in 2002. Several years later, a similar file-sharing service known as Grokster also had to cease operations when the Supreme Court ruled against it in MGM v. Grokster.
Which type of tort happens when you unfairly damage another company's reputation?
A.
Fraud
B.
Conflict
C.
Interference
D.
Defamation
Please select the best answer from the choices provided
A
B
C
D
Defamation, a type of tort happens when you unfairly damage another company's reputation. Thus, option (d) is correct.
The term Defamation refers to the was the statement are the causes of the harm to the reputation of another person. The defamation are the division of the two category such as libel and slander.
Defamation is the legal a ligation on the another person are the damage personality. A false written on the reputation personality. A reputation of another person is the damage is called the Defamation.
As a result, the significance of this case are the based on defamation, a type of tort happens when you unfairly damage another company's reputation are the aforementioned.
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5. A number with the addition of itself becomes 38. What
is the number?
Answer:
19+19=38
...........................
what is the best way to respond to those outside your organization if you must refuse their request?
When one must decline a request from someone outside the organization, the best course of action is to first express gratitude for their interest and then politely explain the reason for the refusal.
The refusal to ask might put anyone in an embarrassing situation because morality teaches us to assist others whenever they ask for it from the time we are young. Nevertheless, even if we are a part of an organization, we cannot assist everyone. Take employment or recruitment as an example. A large number of people apply for various jobs in this situation.
But, there aren't many openings, which isn't enough to satisfy everyone's needs. Hence, many of the candidates, someone must be rejected because they lack the necessary skills or are not chosen for some other reason. In this instance, the human resources employee rejects the candidate's suggestion in a constructive manner.
This is accomplished by first thanking them for their application, asking them for their best responses, and then politely informing them of the rejection. It must never be such that it undermines the person's spirits.
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A medium-term goal takes _____ to accomplish. a. 1-2 months b. 1-2 years c. 1-5 years d. 5-10 years Please select the best answer from the choices provided A B C D
Answer:
C
Explanation:
For the accomplishment of a medium-term goal, it takes a time period of almost 1-5 years. Hence, Option C is correct.
What is a medium-term goal?An individual or a group of people set certain goals in life. These goals can be of any type like short-term, medium-term, or long-term. All these time periods depend upon the type of task that is set under the achievement sector. As per the names, it can be understood that it also has a different time duration. For the short term, it can be either a day, a week, or a month or it can be a year.
In the context of the medium-term, the time period can be of one year to five years and for the achievement of a long-term goal, it is more than five years. For instance, if a person wants to get a graduation degree, then they have to pursue the course for a time period of three to four years, for paying a car loan or an education loan, one has to set a medium-term goal.
Thus, Option C is correct.
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Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant _____.
Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
What is Quadrant?A quadrant is an area or section of a cartesian plane that results from the intersection of two axes.
Planning, relationship-building, preventative measures, and routine exercise are all activities that fall within the second quadrant. These are the preventative measures we can take to ensure that serious issues don't crop up in our lives. Self-renewal is one of the most significant Quadrant II tasks we may engage in.
Therefore, Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
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which of the following are generally considered advantages of term loans over publicly issued bonds? group of answer choices lower flotation costs. speed, or how long it takes to bring the issue to market. flexibility, or the ability to adjust the bond's terms after it has been issued. all of the above. only answers b and c above.
The advantages of term loans over publicly issued bonds are generally considered to be speed, or how long it takes to bring the issue to market, and flexibility, or the ability to adjust the terms of the bond after issuance. Here option E is the correct answer.
While both term loans and publicly issued bonds are long-term debt instruments, term loans usually have an advantage in terms of speed of origination and the ability to customize loan terms.
Publicly issued bonds have more significant flotation costs than term loans, which means that the costs associated with issuing bonds to the public tend to be higher than the costs of arranging a term loan with a bank. However, publicly issued bonds can offer advantages in terms of size and marketability.
Bonds can be sold to a broader range of investors, which can increase liquidity and may result in a lower cost of capital for the issuer. Overall, the choice between term loans and publicly issued bonds will depend on the specific needs and circumstances of the issuer.
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Complete question:
Which of the following are generally considered advantages of term loans over publicly issued bonds? group of answer choices
A - lower flotation costs.
B - speed, or how long it takes to bring the issue to market.
C - flexibility, or the ability to adjust the bond's terms after it has been issued.
D - all of the above.
E - only answers b and c above.
Identify the examples of good internal control designed to protect over-the-counter cash receipts. (Check all that apply.)
A. The clerk and the cashier have access to cash, but not to the accounting records.
B. The cash register should hold a temporary record of the transaction.
C. The clerk who has access to cash in the register should have access to its locked-in record.
D. Clerks should be required to give the customer a receipt for each sale.
Answer:
A- A. The clerk and the cashier have access to cash, but not to the accounting records
The examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
What is internal control?Internal controls are defined as the procedures and records that assure the accuracy of financial and accounting data and help to avoid fraud.
It is a meant to provide reasonable assurance: that the information is trustworthy, accurate, and timely In terms of adhering to applicable rules, regulations, contracts, policies, and processes.
There are three types of internal controls.
Preventive controlCorrective controlDetective controlThe major objective of internal controls is
Effective business management.Asset protectionFinancial record completeness and accuracyFinancial statements must be prepared on timeThus. the examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
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