Data from the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey are obtained by asking respondents questions about their spending, earnings, and personal characteristics.
What is the interview?An interview is an organized dialogue in which one person asks questions and the other responds. The term “interview” is commonly used to refer to a one-on-one talk between an interviewer and an interviewee. Individual and group interviews are the two forms of interviews. Interviews with individuals:
Respondents are questioned to collect data for the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey. On a straightforward one-screen form, select the BLS databases' data that you require. a form-based query tool that gives you access to BLS time series data based on your selections.
Therefore, Data from the Consumer Expenditure Surveys (CE) Interview Survey and Diary Survey are obtained by asking respondents
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Nakashima Gallery had the following petty cash transactions in February of the current year.
Feb.
2 Wrote a $400 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.
5 Purchased bond paper for the copier for $14.15 that is immediately used.
9 Paid $32.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.
12 Paid $7.95 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used.
23 Paid a courier $20 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $13.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
27 Paid $54 for postage expenses.
28 The fund had $120.42 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.
28 The petty cash fund amount is increased by $100 to a total of $500.
Required:
1. Prepare the journal entry to establish the petty cash fund.
2. Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.)
3. Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. (Roundyour answers to 2 decimal places.)
Answer:
(‘1)
Date Account Details Debit Credit
Feb 2 Petty Cash 400
Cash 400
Petty cash fund established
(‘2) Nakashima Gallery - Petty Cash Reconciliation Report for the month of February
Custodian Name- Chole Addison
Date Expense Description Amount ($)
Feb 5 Office Supplies Bond paper for copier 14.15
Feb 9 Merchandise Inventory Shipping charges as per
FOB shipping point term 32.50
Feb 12 Postage Expense Paid towards express mail for
communication with client 7.95
Feb 14 Mileage Expense Paid to Adina Sharon for
reimbursement of mileage expense 68
Feb 20 Office Supplies Stationery purchased 67.77
Feb 23 Delivery Expense Courier charges paid as per
FOB destination term for sale of merchandise 20
Feb 25 Merchandise Inventory Shipping charges as per
FOB shipping point term 13.10
Feb 27 Postage expense Postage expenses paid 54
Total Receipts to be reimbursed (a) 277.47
Total Cash on Hand 120.42
Total Cash and Receipts 397.89
Cash Short ( 400-397.89) (b) 2.11
Total to be replenished (a+b) 279.58
Please issue a cheque in the amount of $ 279.58 payable to petty cash custodians.
Sorting of Expense
Expense Amount
Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Total 277.47
(‘3)
Date Account Details Debit Credit
Feb 28 Delivery Expense 20
Merchandise Inventory 45.60
Mileage Expense 68
Office Supplies 81.92
Postage 61.95
Cash Short and Over 2.11
Cash 279.58
To record the replenish of petty cash
Feb 28 Petty Cash 100
Cash 100
To record the increase in petty cash level up to $ 500.
What factors do you think differentiate good decision makers from poor ones?
Relate your answer to the six-step rational decision-making model.
Answer:
Effective decision-makers are distinguished from poor ones by several factors. Firstly, good decision-makers have the ability to gather and analyze information effectively. They can identify relevant information and take the necessary time to carefully evaluate and consider it before making a decision.
Another crucial factor is the capacity to think critically and objectively. Good decision-makers can analyze all sides of an issue, consider multiple perspectives, and detect biases or assumptions that may be influencing their thinking.
Using the six-step rational decision-making model is another skill of good decision-makers. They can identify the problem, gather information, identify alternatives, evaluate alternatives, choose the best alternative, and implement the decision. They move systematically through each step of the model, taking the necessary time to consider all options and weigh the potential outcomes before making a decision.
Lastly, good decision-makers can effectively communicate their decisions and the reasoning behind them to others. They can articulate their ideas clearly and persuasively and are open to feedback and are willing to consider different perspectives.
In conclusion, good decision-makers possess skills such as gathering and analyzing information, thinking critically and objectively, using a systematic decision-making model and communicating effectively with others. These abilities enable them to make well-informed and effective decisions that lead to positive outcomes.
Hope it helps! : )how many board of directors members does apple have?
Answer:
seven members
Explanation:
Answer:
At seven, Apple Inc. (NASDAQ: AAPL) has a relatively small number of directors for a huge public company. The board is particularly stable, too. Besides CEO Tim Cook, four other directors have been members since before Steve Jobs died in October 2011.
Explanation:
In this economy, investors can make millions investing in the construction of
new homes, but it is just as likely that the value of these properties could
decrease by 40% and they will lose millions of dollars. There is no protection on
how much you can lose. What economic system is it?
This Economic System is known as Free market Economy.
Some economies are heavily regulated by governments. The government controls all means of production and wealth distribution in the most rigidly planned, or command economies, setting prices for goods and services as well as worker pay. On the other hand, in a totally free market economy, production and labor are governed by the law of supply and demand rather by a useful planner. Companies offer goods and services at the best cost that customers are willing to pay, and workers are paid the greatest earnings that businesses are prepared to pay for their labor.
• Most economies have features of both free market and command economies.
• In a free market economy, supply and demand, rather than government interference, regulate production and labor.
According to the Heritage Foundation's 2022 Index of Economic Freedom, the most free economy is that of Singapore, which is followed by Switzerland and Ireland. The United States comes in at number 25, while Venezuela and North Korea came in last.
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Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?
Answer:
pick 'n pay through daily promotions
Emmy is analysing a two-share portfolio that consists of a utility share and a commodity share. She knows that the return on the utility has a standard deviation of 35 percent, and the return on the commodity has a standard deviation of 41 percent. Calculate the variance of the portfolio if the covariance (σ12) is 0.16, assuming an equal proportion of each share in Emmy’s portfolio
30% of the standard deviation of a portfolio (SD) assumes an equal proportion of each share in Emmy’s portfolio.
Bearing 1 = Useful Bearing
Weight of Useful Bearing = 50% ; Standard Deviation of Supply Inventory = 40%
Inventory 2: Merchandise Inventory
Weight of Merchandise Inventory = 50%; Standard Deviation of Raw Material Inventory = 30%.
Standard deviation (or σ) is a measure of how far the data are from the mean. A low standard deviation means that the data are clustered around the mean, and a high standard deviation means that the data are more scattered. The standard deviation is: This is a measure of how the numbers are distributed.
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Which of the following is a disadvantage of electronic communication
Answer:
Lack of physical cues may lead to miscommunication
Explanation:
Your older brother turned 35 today, & he is planning to save
GH¢7,000/year for retirement, with the first deposit to be made
one year from today. He will invest in a mutual fund that's
expected to provide a return of 7.5%/year. He plans to retire 30
years from today, when he turns 65, & he expects to live for 25
years after retirement, to age 90. Under these assumptions, how
much can he spend each year after he retires? His first
withdrawal will be made at the end of his first retirement year
The older brother will be able to spend an amount of GH¢64,932.21 each year for 25 years after retirement.
What is Formula for Future value of the annuity?Future Value (FV) = P * ((1 + r)^n - 1/r)
FV = GH¢7,000 * (1+0.075)^{30} - 1/0.075]
FV = GH¢7,000 x (8.754955-1)/0.075
FV = GH¢7,000 x (7.754955/0.075)
FV = GH¢723,795.82
The amount of cash flow is derived and shows the current yearly savings will be available for him at the age of 65 and to be spent for the 25 years if he expects to live after retirement.
To determine the amount he is able to spend each year, we will copute that as follows:
PV = P x [1-(1+r)^{-n}/r] where PV= GH¢723,795.82, P= Expected periodic spending, R = 7.5%, n = 25 yearsGH¢723,795.82 = P * [1-(1+0.075)^{-25}/0.075]
GH¢723,795.82 = P * [(1-0.163979)/0.075]
GH¢723,795.82 = P * (0,836021 /0.075)
GH¢723,795.82 = P * 11.14695
P = GH¢723,795.82/11.14695
P = GH¢64,931.21
Therefore, the amount of GH¢64,932.21 will be spent each year for 25 years after retirement.
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vv
Answer the following question in 3-4 complete sentences.
Define the following terms:
- crayon manner
- pastel manner
- chalk
- Crayon manner refers to a technique in drawing or painting that utilizes the application of waxy crayons to a surface.
- Pastel manner refers to a technique in drawing or painting that utilizes the application of soft, powdered pastels to a surface.
- Chalk refers to a soft, sedimentary rock that is composed of microscopic shells and skeletal fragments of marine creatures.
The crayons are used to create distinct and bold lines, with a texture and vibrancy that can be difficult to achieve with other mediums.
Pastels are known for their bright colors and soft, velvety textures. They can be blended and layered to create a wide range of effects and can be used on their own or in combination with other mediums.
Chalk is typically white or pale in color and has a powdery texture. Chalk can be used as a medium in drawing and painting, typically by rubbing the chalk on a surface to create bold, expressive lines and layers of color. Chalk is also commonly used on blackboards for writing or drawing.
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documentation is necessary to establish educational accommodations. true or false
Answer:
True
Explanation:
The correct option to the statement will be true.
When accessibility is being used when talking about disabilities, it means the support that are given to the disabled students in order for them to have the same opportunities that the non-disabled students have.Documentation simply means the evidence or the official information which helps serve as a record.In order to establish educational accomodations, it should be noted that documentation is very important. When there is documentation in place, the students can be given an extension that will enable them do their assignments. They can also be given notes and there can be a reduction in the number of test questions that they're given.In conclusion, the correct option is True.
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Which of these is not an example of good practice when differentiating phonological awareness instruction?
a.
Increasing the intensity of instruction by teaching in smaller group sizes.
b.
Expecting all children to be able to produce rhyming words at the same time of the year.
c.
Increasing the intensity of instruction by giving individual children more opportunities to respond.
d.
Supporting children's understanding of an activity by using visual supports.
The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.
What is good practice?Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.
Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.
Therefore the correct option is b.
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Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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reasons why managers may be reluctant to participate fully in setting budgets??
Answer:
Some managers are reluctant to participate in budgeting because they do not like to discuss financial matters. They may also feel like developing a budget stops flexibility.
Managers may be reluctant to fully participate in setting budgets due to several reasons. First, they may fear that by actively participating, they will be held accountable for meeting the budget targets, leading to increased pressure and scrutiny.
Second, managers may have limited knowledge or experience in financial matters, making them hesitant to engage in budgeting discussions. Third, they may perceive budgeting as a time-consuming process that distracts them from their primary responsibilities.
Additionally, managers might have concerns that their departmental needs and priorities will not be adequately considered, resulting in inadequate resource allocation. Overall, these factors can contribute to their reluctance to actively engage in the budgeting process.
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When an accounting change is reported under the retrospective approach, prior years' financial statements are:
Suppose that consumption decreases. What is the effect on investment and real interest rate? Analyze using graphs. Briefly describe.
Answer:
Interest rates and investment
If interest rates are increased then it will tend to discourage investment because investment has a higher opportunity cost. With higher rates, it is more expensive to borrow money from a bank. Saving money in a bank gives a higher rate of return.
A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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hi this is just a question for my career! i want to be a veterinarian or have a job in working with animals’ health. would this be a subject in biology? like zoology? also what subjects should i do well in for this job, would a subject be chemistry? and lastly should i have knowledge in medicine for it? thank you !
Answer:
This degree focuses on the health care and maintenance of all kinds of animals, including pets, livestock, and zoo creatures
Explanation:
Answer:
This degree focuses on the health care and maintenance of all kinds of animals, including pets, livestock, and zoo creatures
Explanation:
While conducting a SWOT analysis of an organisation, which question can help management brainstorm for the strengths section of the analysis a. What external changes present interesting possibilities for new products or markets b. What potential actions by competitors pose the biggest challenge c. What necessary skill do the organisation's employees currently lack d. What does the organisation offer that makes it stand out from the other organisations e. What external economic forces can affect the organisation's bottom line
The question that can help management brainstorm for the strengths section of the SWOT analysis is D. "What does the organization offer that makes it stand out from the other organizations?"
Why is this question good for SWOT Analysis ?This question is designed to identify the unique strengths or advantages that the organization possesses, such as its brand reputation, customer loyalty, intellectual property, or competitive advantages.
By focusing on what sets the organization apart from its competitors, management can identify key strengths that can be leveraged to improve performance, capitalize on market opportunities, and address potential threats. This is important in SWOT Analysis.
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Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020:
Asset Cost Date Placed in Service
Office furniture $ 260,000 02/03/2020
Machinery 1,582,000 07/22/2020
Used delivery truck* 62,000 08/17/2020
*Not considered a luxury automobile.
During 2020, Karane was very successful (and had no §179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021:
Asset Cost Date Placed in Service
Computers and information system $ 422,000 03/31/2021
Luxury auto† 85,500 05/26/2021
Assembly equipment 1,310,000 08/15/2021
Storage building 900,000 11/13/2021
†Used 100% for business purposes.
Karane generated taxable income in 2021 of $1,760,000 for purposes of computing the §179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.)
Required:
c. Compute the maximum 2021 depreciation deductions, including §179 expense, but now assume that Karane would like to take bonus depreciation.
2020 Assets
Computers & Info. System 400,000 - 400,000 - - 4,00,000
How to represent the information1. Description Cost $179 expense MACRS basis Rate Current MACRS depreciation Total Cost recovery deduction
Office furniture 150,000 0 150,000 14.29% 21,435 21,435
Machinery 1,560,000 1,020,000 540,000 14.29% 77,166 1,097,166
Delivery truck 40,000 0 40,000 20.00% 8,000 8,000
Total 2019 cost recovery 1,750,000 1,126,601
2.
Description
2019 Assets Class of property Column1 sec 179 expense MACRS basis Current MACRS dep Total dep deduction
Office Furniture 7 year class $150000 0 150000 36735 $36735
(150000*24.49%)
Machinery 7 year class 1560000 0 540000 132246 132246
(1560000-1020000) (540000*24.49%)
Used delivery Truck 5 year 40000 0 40000 12800 12800
(40000*32%)
2020 Assets
Computers & Info system 5 year (20%) 400000 400000 80000 80000
Luxury Auto From luxurytable 80000 80000 10100 10100
Assembly Equipment 7 years (14.29%) 1200000 1040000 160000 22864 1062864
Storage Building 39 years (.321%) 700000 700000 2247 2247
Total 2020 cost recovery 4130000 1040000 2070000 296992 1336992
3.
Description Cost §179 Expense Bonus MACRS Basis Current MACRS Depreciation Total Depreciation Deduction
2019 Assets
Office Furniture 150,000 - 150,000 36,735 36,735
Machinery 1,560,000 - 560,000 1,37,144 1,37,144
Used Delivery Truck 40,000 - 40,000 12,800 12,800
2020 Assets
Computers & Info. System 400,000 - 400,000 - - 4,00,000
Luxury Auto 80,000 - 8,000 72,000 10,000 18,000
Assembly Equipment 1,200,000 1,040,000 160000 - - 12,00,000
Storage Building 700,000 - - 700,000 2,247 2,247
Inventory 220,000 - n/a - - -
Office Furniture 230,000 - 230,000 - - 230,000
Machinery 250,000 - 250,000 - - 250,000
Patent 198,000 - - 198,000 4,400 4,400
Goodwill 2,000 - - 2,000 44 44
Building 430,000 - - 430,000 3,221 3,221
Land 20,000 - - n/a - -
Totals $ 5,480,000 $1,000,000 $1,088,000 $2,152,000 $ 206,591
4.
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Blue Spruce Corp. gathered the following reconciling information in preparing its June bank reconciliation: Cash balance per books, 6/30 $14600 Deposits in transit 1000 Notes receivable and interest collected by bank 2580 Bank charge for check printing 85 Outstanding checks 5200 NSF check 490 The adjusted cash balance per books on June 30 is:_________.
a. $17585.
b. $17605.
c. $16605.
d. $17180.
Answer:
c. $16605
Explanation:
Calculation to determine what The adjusted cash balance per books on June 30 is:
Using this formula
Adjusted Cash Balance=Cash balance + Notes receivable - Check Printing - NSF Check
Let plug in the formula
Adjusted Cash Balance=$14600 + $2,580 - $85 - $490
Adjusted Cash Balance= $16605
Therefore The adjusted cash balance per books on June 30 is:$16605
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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how is the aggregate supply curve for the economy related to the supply curves of individual producers?
Answer:
The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at different price levels. Increases in the price level will increase the price that producers can get for their products and thus induce more output. ...
The periods of time to undertake goals can be:
short-term
low-term
long-term
mid-term
Goal conflict can be avoided if budget goals are carefully designed for consistency across all areas of the organization. True False
Answer:
True
Explanation:
Goal conflict can be regarded as a kind of conflict that occur when there is two or more goals that are competing in ones mindset. It could be a clash in between ones personal goals and organizational goals. Goal confict can be avoided if budget goals are carefully designed for consistency across all areas of the organization.
why does crime exist?
Answer:
well for me I think
Explanation:
The world is polluted
Gain sharing is an employee benefit that provides
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
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How does the government pay for roads, schools, and
emergency services?
They are funded through non-profits.
They are funded through taxes.
They are funded through charitable donations.
None of the above
Roads, schools, and emergency services are primarily funded through a system of taxation. This varies depending on the type of tax and the service being funded. The taxes are then allocated to different government departments.
Explanation:Roads, schools, and emergency services are predominantly funded by the government through a system of taxation. When residents and businesses pay taxes, that money is pooled together and divided among various governmental departments. For instance, certain taxes, like property taxes, are often used to fund local services such as schools and emergency services, while gasoline taxes can contribute to the construction and maintenance of roads. Funding for these resources can also come federally or from the state.
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The sale of machinery at a loss that was used in a trade or business and held for more than one year
results in the following type of loss?
A. Capital.
B. §291.
C. §1231.
D. §1245.
E. None of these.
C. The sale of machinery at a loss that was used in a trade or business and held for more than one year results in §1231 (Section 1231) type of loss
Any loss that has been realised as a result of a sale, exchange, or conversion mentioned in subsection is referred to as a "section 1231 loss" (A). Apart from that section 1211 does not apply, section 1231 losses must only be included if and to the extent that they are taken into consideration in calculating taxable income. When a property is sold, a section 1231 gain is taxable at the reduced rate of taxation as opposed to the percent for ordinary income. That 1231 gain doesn't really apply if the sold asset was owned for less than a year.
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See if you can find all eight components and provide an example for each one.
Components come in two types, Class components, and Function components, in this tutorial we will concentrate on Function components.
What is a Component?An approach for condensing a large number of connected variables into fewer, more significant components is simple component analysis. It offers a more understandable result than the principal component analysis but is similar.
The parts that make up something is its constituents. One essential element of a nuclear bomb is enriched uranium. There are four basic parts to the management strategy. The parts which make up something are its constituent parts.
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If I have bought 4 books and 1 pen plus tax each: $12.99, $12.99, $11.99, $7.99, and $3.99. I gave them $60.00. How much money do I get back?