Accounts Receivable, Interest Expense, Interest Receivable, Prepaid Rent, Supplies requires Normally requires adjustment (AR) and the remaining doesn't need Normally requires adjustment (AR).
The IRS receives a Mortgage Interest Statement, also known as Form 1098, which details the interest payments made on a mortgage and can be deducted from federal income taxes on the borrower's behalf. You pay interest as compensation for using borrowed funds. A portion of interest may be written off or credited. Review each interest expenditure to see whether it qualifies for a deduction and where to claim it in order to deduct the interest you paid on a debt. Interest Expense is the profit made through lending money to other organisations. The phrase is typically used to report the interest generated on cash kept in savings accounts, certificates of deposits, or other investments in a company's income statement.
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Franklin Jeffries is a legal resident of New Hampshire. He was serving on active duty in Wyoming in 2018 when he met and married his wife, Danae. In 2020, Franklin receives PCS orders relocating him to Arizona, so he and Danae make the move. Which of the following statements is TRUE regarding Danae's legal state of residency?
She will be a legal resident of Arizona when they arrive there.
She is required to maintain her legal residency in Wyoming.
She may elect to be considered a legal resident of either Arizona or Wyoming.
She may elect to be considered a legal resident of New Hampshire or Wyoming.
Answer: The statement that is true regarding Danae's legal state of residency is D.
She may elect to be considered a legal resident of New Hampshire or Wyoming
Explanation: The Military Spouse Residency Relief Act amended the Service members' Civil Relief Act in 2009. Prior to relocating with their active-duty spouse for a permanent change of station, the MSRRA permits military spouses to maintain their legal residence in the state in which they previously resided.
Regardless of whether the spouse travels to another state with the service member, this Act permits them to maintain a legal residence throughout their marriage.
In this instance, in 2021, Franklin receives PCS orders relocating him to Arizona. As a result, he and Danae move to Arizona, maintaining their legal residence
in an economic model: exogenous variables affect endogenous variables. endogenous variables and exogenous variables are both determined within the model. endogenous variables affect exogenous variables. exogenous variables and endogenous variables are both determined outside the model.
Exogenous variables are those that are outside the scope of the economic model, and they are not determined by the model. These variables influence the endogenous variables, which are determined by the model.
What is economic model?An economic model is a simplified representation of economic theories, relationships and behaviors. It is used to analyze and predict the effects of certain actions and policies on an economy. Economic models use mathematics, statistics, and assumptions to depict economic phenomena and their interactions. These models often take the form of equations and graphs, which are used to explain and predict the effects of changes in economic variables, such as prices, wages, and exchange rates. Economic models are used by governments, businesses, and economists to make decisions and form policies. They can also be used to analyze past economic trends and to make predictions about future economic outcomes. Economic models help to explain economic behavior and make economic forecasts, which can be used to inform policy decisions.
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A bond that matures in 15 years has a $ 1,000 par value. The annual coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 13 percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid interest semiannually?
The value of this bond if it paid interest annually would be $
The value of this bond if it paid interest annually would be $676.88.
The value of this bond if it paid interest semi-annually would be $307.84
What is the value of the bond?A bond is a debt instrument used to raise capital. Bond pays its holders an interest at regular predetermined intervals.
The value of the bond can be determined by calculating the present value of the cash flows of the bond.
Cash flow of the bond if it paid coupon annually = interest rate x par value
= 8% x 1000
0.08 x 1000 = $80
Value of the bond = 80 / 1.13 + 80 / 1.13² + 80 / 1.13³ + 80 / 1.13^4 + 80 / 1.13^5 + 80 / 1.13^6 + 80 / 1.13^7 + 80 / 1.13^8 + 80 / 1.13^9 + 80 / 1.13^10 + 80 / 1.13^11 + 80 / 1.13^12 + 80 / 1.13^13 + 80 / 1.13^14 + 80 / 1.13^15 + 1000 / 1.13^15 = $676.88
Cash flow of the bond if it paid coupon semi-annually = interest rate x par value
= 8% / 2 x 1000
= 4% x 1000
= 0.04 x 100 = 40
40 / 1.13 + 40 / 1.13² + 40 / 1.13³ + 40 / 1.13^4 + 40 / 1.13^5 + 40 / 1.13^6 + 40 / 1.13^7 + 40 / 1.13^8 + 40 / 1.13^9 + 40 / 1.13^10 + 40 / 1.13^11 + 40 / 1.13^12 + 40 / 1.13^13 + 40 / 1.13^14 + 40 / 1.13^15 + 40 / 1.13^16 + 40 / 1.13^17 + 40 / 1.13^18 + 40 / 1.13^19 + 40 / 1.13^20 + 40 / 1.13^21 + 40 / 1.13^22 + 40 / 1.13^23 + 40 / 1.13^24 + 40 / 1.13^25 + 40 / 1.13^26 + 40 / 1.13^27 + 40 / 1.13^28 + 40 / 1.13^29 + 40 / 1.13^30 + 1000/ 1.13^40 = $307.84
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Refer to Table 2.12.
a. Prepare a crosstabulation of the data on Industry (rows) and Brand Revenue ($ billions). Use class intervals of 25 starting at 0 for Brand Revenue ($ billions).
b. Prepare a frequency distribution for the data on Brand Revenue ($ billions).
c. What conclusions can you draw about the type of industry and the brand revenue?
d. Prepare a crosstabulation of the data on Industry (rows) and the 1 -Yr Value Change (\%). Use class intervals of 20 starting at -60 for 1 -Yr Value Change (\%).
e. Prepare a frequency distribution for the data on 1-Yr Value Change (\%).
f. What conclusions can you draw about the type of industry and the 1 -year change in value?
The purpose of this 1 for B is to perform a frequency distribution of the brand revenue.
What do you meant by brand revenue ?initially, as a test, cross-tabulate the revenue from your brand and your sector. Cross tabulation is a tabular summary between two variables, thus that's the first thing to understand. Revenue is 25 points. Each of them visits, thus there are financial services in these 2 and other services in these 2, as well as our technology.
The purpose of this 1 for B is to perform a frequency distribution of the brand revenue. By this point, with the 1-year value change, it says to apply the same methodology throughout the tabulation. The cross a relations should resemble this. Next, for e, you do your frequency distribution, so for your 1 year value change.
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____Involves a binding contractual agreement between two businesses whereby there is lower risk and less investment than opening units owned wholly by the firm Multiple Choice A) Exporting B) Franchising C) Jont venture D) Strategic alliance E) Direct investment
The correct answer here is option b. Franchising involves a binding contractual agreement between two businesses whereby there is lower risk and less investment than opening units owned wholly by the firm.
A franchise (or franchising) is a method of distributing products or services that involves a franchisor, who establishes the brand's trademark or trade name as well as a business system, and a franchisee, who pays a royalty and, in many cases, an initial fee for the right to do business under the franchisor's name and system.
A franchise allows you, the investor or franchisee, to run your own firm. You pay a franchise fee and receive a format or system created by the company (franchisor), as well as the right to use the franchisor's name for a set number of years and help.
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Which of the following identifies any document or communication that defines the initial intentions of a project?a. Deliverableb. Acceptancec. Requirementd. Agreement
Change Control - An interaction by which alterations to records, expectations, or baselines related to the undertaking are distinguished, reported, supported, or dismissed.
Claims are archived, handled, observed, and overseen all through the agreement life cycle, for the most part as per the conditions of the agreement.
Essentially portrayed, the obtainment interaction starts with distinguishing a need, tracking down a dependable provider for it, paying for the provider's labor and products, and lastly representing it.
Addenda are composed text or potential drawings given to explain, reconsider, add to, or erase data in the first offering archives or in past Addenda. Addenda are given before the opening for offers. Addenda are Agreement Archives.
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During the last 25 years the degree of income inequality in the United States has been rising. Which of the following is not a possible reason for this phenomenon?Choose one answer.
a. technological progress that has increased the demand for high-skilled workers relative to the demand for low-skilled workers
b. increased imports of labor-intensive products
c. higher divorce rates
d. increased immigration
A portion of the critical variables behind the expansion in the inside country pays disparity noted in the writing incorporate mechanical advancement, globalization, and product cost cycles.
Implies tried benefits incorporate numerous administration help and state and government assistance programs that action a family's pay against the bureaucratic destitution line. All-inclusive or unrestricted advantages, like government-funded schools, Federal medical insurance, and government-managed retirement pay don't highlight a method test.
pay imbalance, in financial aspects, critical dissimilarity in the appropriation of pay between people, gatherings, populaces, social classes, or nations. Pay imbalance is a significant component of social delineation and social class.
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when adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.TrueFalse
when adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515 is true.
The operating costs incurred by a business in order to produce revenue are referred to as expenses. It may be summed up by saying that the price one must pay to acquire something. "It costs money to make money," as the adage goes. Spending money on expenses helps you run your business profitably every day. A liability is created on the balance sheet when a cost isn't immediately paid off. Because they are often consumed right away by the firm, costs typically do not retain their value for more than a year. Financial experts don't depreciate them over time; instead, they immediately subtract them. In the income, or profit and loss, statement, accountants track spending.
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Which of the following bedding plants would be a great choice to plant in April in Phoenix?, When purchasing bedding plants to achieve a mass of landscape color, factors to consider include:, In Phoenix, warm-season annuals used as bedding plants should be and more.
Angelonia would be a great choice to plant in April in Phoenix.
When choosing bedding plants to create a mass of landscape color, consider how fast the bedding plant grows and what its eventual size will be at maturity. Warm-season annuals used as bedding plants in Phoenix should be planted after the danger of frost has gone in April.
Angelonia plants grow to be around 18 inches (45.5 cm.) tall, and the aromatic leaf is said to smell like apples by some. Flowers appear on upright spikes at the terminals of the main stems.
The flowers of the species are bluish-purple, while cultivars come in white, blue, light pink, and bicolor. Angelonia flowers do not require deadheading in order to provide a continual display of blossoms.
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The beginning balance in the Equipment account was $4,000. The company purchased an additional $1,000 worth of Equipment. The ending balance in the account is:A. debit of $3,000B. credit of $4,000C. credit of $3,000D. debit of $5,000
The beginning balance in the Equipment account was $4,000. The company purchased an additional $1,000 worth of Equipment. The ending balance in the account is debit of $4,000 . The correct option is $4000
Why are starting balances crucial?
The financial situation of your business on the day before you begin using Accounting is represented by opening balances. Reports are unable to provide you with an accurate view of your financial situation without proper opening balances.
Opening balances can be entered for: Outstanding customer transactions. The opening balance of a ledger account is the debit or credit amount carried over from the previous accounting period to the current accounting period.
On a balance sheet, where is the starting balance located?
Initial Balance Equity accounts appear on a balance sheet with other equity accounts, such as retained earnings, under the equity section. The balance could be zero and not appear on the balance sheet.
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The FASB recently issued a standard that requires companies recognize revenue (Select all that apply.)
even if collection is not probable
for the amount the company expects to be entitled to receive
when goods or services are transferred to customers
at a point in time or over a period of time
The FASB recently issued a standard that requires companies recognize revenue are for the amount the company expects to be entitled to receive , when goods or services are transferred to customers and at a point in time or over a period of time
One of the most crucial metrics that investors consider when evaluating the performance and future prospects of a company is revenue. However, prior guidance on revenue recognition varied between Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), and many people think both standards might have been improved.
The FASB and the International Accounting Standards Board (IASB) released unified guidelines on recognizing revenue in contracts with customers on May 28, 2014 (press release). In the Boards' cooperative efforts to enhance this crucial area of financial reporting, the new advice represents a significant accomplishment.
For various transactions and industries, such as software and real estate, GAAP currently has complicated, unique, and dissimilar revenue recognition rules. As a result, for transactions that are economically comparable, different sectors utilize different accounting.
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With respect to STP in the marketing framework, which of the following statements distinguishes segmentation from targeting?
Segmentation, targeting, and positioning (STP) are the three components of marketing. The creation of a targeted and workable marketing plan is made possible by this three-step procedure.
What is Market Segmentation?In order to create marketing efforts that are considerably more relevant and compelling, customer segmentation involves identifying distinctive and shared characteristics among the people in your market.You will be able to target your message and deliver it in a way that has a far bigger impact than more extensive marketing efforts if you can use audience analytics to pinpoint a particular need or need among a group of people in your market.In fact, in oversaturated and established marketplaces, you might even find fresh chances, highlighting special benefits to a niche that wasn't served by anybody else.The following list of typical segmentation variables is provided:Demographics, including ethnicity, marital status, age, and gender.Geography includes things like a city, a region, a country, and a climate.Psychographics: characteristics such as personality, routines, and attitudes.Values include things like politics, religion, cultural convictions, and identifications.Age groups: employed, enrolled in school, retired, etc.behaviours, including purchases, interests, clicks, and browsing information.These are but a few options for audience segmentation, but they ought to give you a decent idea of what to consider.To Learn more About marketing refer TO:
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Which of the following items are found on a balance sheet? (Select all that apply.)
a. Assets
b. Revenue
c. Dividends
d. Liabilities
e. Stockholders' equity
The once which are applied
a. Assets
d. Liabilities
e. Stockholders' equity
A balance sheet is a financial statement that shows a company's assets, liabilities, and stockholders' equity at a specific point in time. It is used to measure a company's financial position and can help investors and analysts understand a company's liquidity, solvency, and overall financial health. Assets are anything that a company owns that has monetary value, such as cash, investments, inventory, and property. Liabilities are any debts or financial obligations that a company owes to others, such as loans and accounts payable. Stockholders' equity represents the residual value of the company to its shareholders, which is equal to assets minus liabilities.Revenue and dividends are not found on a balance sheet as they are included in the income statement which records a company's performance over a period of time. Revenue represents the money that a company earns from selling its products or services, while dividends are payments made to the company's shareholders.
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the data in the tables indicate which of the following? responses confederate forces suffered more casualties than did union forces. confederate forces suffered more casualties than did union forces. the confederacy lost more of its skilled workers than did the union. the confederacy lost more of its skilled workers than did the union. the union lost a greater percentage of its population than did the confederacy. the union lost a greater percentage of its population than did the confederacy. confederate armies lost a greater proportion of its soldiers than did the union.
From the table and the numbers handed therein, we can infer thatD.) belligerent armies lost a lesser proportion of their dog faces and did the union.
The proportion of Union army that were casualties were=Number of casualties Total investiture x 100=,427/ x 100= 24 The proportion that the Belligerent army lost were=,026/ x 100= 39 In conclusion, the Confederates lost further of their army than the Union did. Belligerent armies lost a lesser proportion of their dogfaces than did the Union.
Important of the south was in remains, burnt to the ground or destroyed by the numerous battles and frequent raids from Union Dogfaces. State governments were loose or absent, and indeed after slaves were freed, they were treated terribly. Likewise, utmost people in the south were bitter over the loss of the war.
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Suppose society faces a broad tradeoff between allocating resources to the production of investment goods (computers) and consumption goods (cars) before the improvement in technology described above.Which of the following events would be most likely to lead to the improvement in technology you just illustrated?A) Increasing production of investment and consumption goodsB) Decreasing production of investment and consumption goodsC) Increasing production of investment goods and decreasing production of consumption goodsD) Decreasing production of investment goods and increasing production of consumption goods
Answer:
C. Increasing production of investment goods and decreasing production of consumption goods
Explanation:
When technology improves, it increases the overall production capacity of the economy. Therefore, the economy can produce more of all the goods.
What is the most beneficial of the following filing statuses that Chris is eligible to claim on he 2022 tax return? a. Single b. Married Filing Separately c. Qualifying Surviving Spouse (QSS) d. Head of Household
would benefit most from filing as Head of Household. most beneficial of the following filing statuses that Chris is eligible to claim on he 2022 tax report it. A tax return is a form or forms that are filed with a tax.
A tax return is a form or forms that are filed with a tax authority and disclose income, spending, and other relevant tax information. Tax returns enable taxpayers to assess their tax due, plan their tax payments, and receive refunds for overpayments. While everybody with a valid PAN is able to file an IT report even if their income is below the exemption level, corporations and firms are required to file ITR. Individuals whose taxable income exceeds the maximum amount not subject to taxation are required to file an income tax return. The gross income requirement for reporting taxes for the 2022 tax year ranges from $12,550 to $28,500, depending on your age, filing status, and dependents. If you earn money through self-employment, you must report it.
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the classical economist who argued, in his essay on the principle of population, that the population will eventually outstrip the food supply, and that it was inappropriate and useless for the government to provide for the betterment of the poor:
Through the study of economics, which is broken down into these two categories, it is possible to comprehend both the general economy and specific marketplaces.
What is the most effective definition of economics?
Economics is the study of scarcity and how it affects a variety of complex societal issues, including resource utilization, the production of goods and services, the rise in productivity and welfare through time, and a number of other issues.
There are many different ways to define economics. Relevant research includes those on decision-making, resource utilization, the impacts of incentives, and the study of scarcity. Despite the fact that it frequently addresses issues of wealth and finance, it is not only about money.
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Suppose jade spends the first two hours studying economics. the opportunity cost of spending the third hour studying economics is__ points on her____ exam.
The opportunity cost of studying economics for the third hour is 4 points on her astronomy exam.
What is opportunity cost?Opportunity cost analysis is critical in determining a company's capital structure. A company incurs costs when it issues debt and equity capital to compensate lenders and shareholders for the risk of investment, but each incurs an opportunity cost. Loan payments, for example, cannot be invested in stocks or bonds, which have the potential for investment income.
The company must decide whether the expansion made possible by the leveraging power of debt will result in higher profits than investments. A firm attempts to balance the costs and benefits of issuing debt and stock, taking into account both monetary and non-monetary considerations, in order to achieve an optimal balance that minimises opportunity costs.
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tyler has been hired as the new hr chief officer at uber, a company that has faced many ethical problems over the past few years. which of the following actions should tyler take if he wants to encourage ethical behavior at uber? check all that apply. ( ) Set up a system so that employees can confidentially report ethical violations
( ) Set up an ethics team that can give advice to employees who are facing ethical dilemmas
( ) Privately congratulating employees who have behaved ethically
( ) Create a written code of ethics for Uber employees
Tyler has been appointed as Uber's new chief human resources officer. Uber has had a lot of ethical issues lately.
What are today's biggest ethical issues?
The biggest ethical problems affecting business owners today, in my opinion, are harassment and discrimination. If harassment or discrimination occurs at work, the consequences could be disastrous for your company's finances and reputation. This type of unethical conduct may manifest itself in a variety of ways, such as: not paying women the same amount as males for equivalent work. refusing to recruit qualified applicants who belong to a certain racial or sexual minority. allowing employees to ridicule a teammate's religion.
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darren and natalie are first-time buyers who have decided to purchase a newly built townhouse. their agent, jenner, tells them that the builder must provide a one-year home warranty. which of the following conditions is most likely true? Darren and Natalie are using an FHA-insured loan
First-time buyers Darren and Natalie have made the decision to buy a townhouse that has just been constructed. Jenner, their agent, informs them that the builder is required to offer a one-year home warranty.
Briefing:-the likelihood of the following statements being true The loan being used by Darren and Natalie is FHA-insured.
When acquiring a foreclosure or short sale What frustrates consumers the most the most?finding a real estate agent to assist them with the acquisition was challenging.
Which of the following statements regarding a property's ownership or title is accurate?When the deed is recorded, the public is given constructive notice of who owns the real estate. The public is effectively notified that ownership has changed hands through recording and possession.
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selected accounts of ideal properties inc., a real estate management firm, are shown below as of january 31, before any adjusting entries have been made: debit credit prepaid insurance $6,760 supplies 2,030 office equipment 5,952 unearned rent revenue 5,850 salaries expense 3,200 rent revenue 15,100 monthly financial statements are prepared. using the following information, record in a general journal the adjusting entries necessary on january 31: a. prepaid insurance represents a three-year premium paid on january 1. b. supplies of $950 were on hand january 31. c. office equipment is expected to last eight years. depreciation is recorded monthly. d. on january 1, the firm collected six months' rent in advance from a tenant renting space for $975 per month e. accrued salaries not recorded as of january 31 are $590
The answers to the given question about debits and credits is $187.7, $1080, $62, $590.
Some accounts do not accurately reflect the whole amount of activity for the accounting period at the end. Included in this are several expense accounts for which a specific sum of prepaid expenses was recorded at the beginning of the period. a) Prepaid Insurance represents a three-year premium paid on January 1 is $187.7. b) Supplies of $950 were on hand January 31 is $1080. c) Depreciation is recorded monthly is $62. d) Ideal Properties has earned one month or $925 of rent revenue. e) Accrued salaries not recorded as of January 31 is $590.
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During the Industrial Revolution, _____ production rates were needed to meet the _____ demand for manufactured goods. A. decreased, decreased B. decreased, increased C. increased, increased D. increased, decreased
Agrarian economies were replaced by manufacturing ones during the Industrial Revolution, where things were no longer exclusively manufactured by hand but also by machines.
What happened during the Industrial Revolution?An agrarian economy gave way to an industrial economy during the Industrial Revolution, where machines as well as humans were used to produce goods. As a result, there was an uptick in output and efficiency, as well as a decrease in prices, an increase in available commodities, higher earnings, and a migration of people from rural to urban regions.
The Agricultural Revolution, the population increase, and the advantages of Great Britain all played major roles in triggering the Industrial Revolution. Due to better farming methods, population increase, and Great Britain's advantages, which had an impact on all countries, the Industrial Revolution is seen as a crucial period of time.
Transportation methods were altered by the Industrial Revolution. Many employer-employee relationships were altered as a result of the Industrial Revolution. The Industrial Revolution did not happen in a regular sequence spanning several decades.
Therefore, the correct answer is option c) Increased; increased.
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creating finished goods and services using raw materials and personnel pertains to which of the following functions?
Creating finished goods and services using raw materials and personnel pertains to production.
Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output which is fit for consumption – a good or product which has value to an end-user or customer.
In economics, a business which produces goods are known as “producers” and these companies are taking the inputs available to them (both material and immaterial) to produce products which the consumer will want to buy.
Inputs don’t have to be raw materials either. An input can also be immaterial or intangible, for example, manufacturing plans or technical and industry know-how.
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-------------------- Correct question format is given below ------------------
"Creating finished goods and services using raw materials and personnel pertains to which of the following functions?
A) marketing
B) research
C) production
D) human resources"
A company sold office furniture costing $15,800 with accumulated depreciation of $13,000 for $1,500 cash.The entry to record the sale would include:
A) an increase in accumulated depreciation for $15,800.
B) a loss for $1300.
C) a total decrease in office furniture for $2,800.
D) a decrease in cash for $1,300.
The entry to record the sale would include a loss for $1,300. This is because the company is selling the office furniture for less than its original cost.
Explain about entry to record the sale :The original cost of the office furniture was $15,800, and the accumulated depreciation on the furniture was $13,000. When the company sells the furniture for $1,500, it means that it is selling it for $1,300 less than its original cost. This difference between the original cost and the selling price is recorded as a loss on the company's financial statements.It's important to note that option A) an increase in accumulated depreciation for $15,800 is incorrect as accumulated depreciation is a contra-asset account and it will be recorded as a decrease.option C) a total decrease in office furniture for $2,800 is incorrect as the decrease will be only $1,300 (original cost $15,800 - selling price $1,500). and D) a decrease in cash for $1,300 is correct as cash is an asset account and it will be recorded as a decrease as the company gets $1,500 cash from the sale.To learn more about furniture costing refer to:
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Checking account 20 points
Directions: while online banking balances your bank account automatically, it is a good practice to learn the old school methods. Fill out the check register below with the information provided. The dates are not in order,so you must rearrange them in according.
The final banking balances of the bank account is $1,541.85
Please refer to the attached tabel for the complete table.
On bank balance, the debit account will represent every cash outflow activity and credit account represent cash inflows.
From the data given, we know that:
Initial balance = $512.11
#579 April 2 Car insurance = $356.77 (Dr)
April 4 Cash withdraw = $60 (Dr)
April 5 Paycheck direct deposit = $1,344.11 (Cr)
April 6 ATM fee = $1.50 (fee)
April 11 Cash deposit = $700 (Cr)
April 12 ATM fee = $1.00 (fee)
#580 April 12 Gas bill = $44.67 (Dr)
#578 April 13 Electric bill = $56.98 (Dr)
April 19 Auto debit for electric bill = $64.31 (Dr)
April 19 Autor debit for water bill $28.66 (Dr)
April 22 Service fee = $1.50 (fee)
#577 April 22 Car payment = $184.79 (Dr)
April 22 Pizza shop POS = $23.79 (Dr)
#576 April 25 Made to BMW = $178.99 (Dr)
April 25 Food mart POS = $11.40 (Dr)
Ending balance = $1,541.86
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consider your current company, or a company that you have previously worked for, and describe and critique how financial statement analysis could be used for that organization. if you do not have relevant work experience, use the gcu library to locate an article on financial statement analysis and compare the processes recommended by the article to those in the textbook. your initial post should be approximately 250 words. to participate in follow up discussion, ask questions and post comments regarding classmates' posts, or respond to follow-up questions posted by the instructor. please include proper citations in your discussion post. points will be deducted if proper citations are not used.
The process of critical evaluation of the financial. Information contained in the financial statements in. order to understand and make decisions regarding. The operations of the firm is called ‘Financial. Statement Analysis’.
What do you mean by financial statement analysis and interpretation?Analysis and interpretation of financial statements are attempts to establish the relevance and meaning of financial statement data in order to anticipate future profits, ability to pay interest, debt maturities, both current and long term, and profitability of prudent investments.
The fundamental goal of financial statement analysis for any firm is to offer the necessary information required by financial statement users for informing decision making, analyzing the company’s present and previous performance, anticipating the business’s success or failure, and so on.
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which of the following are benefits to a company using market research to better understand customers? select all that apply. aGenerate leadsbIncrease brand awarenesscTarget new customersdReduce cart abandonment
The benefits of a company using market research to better understand customers are: Generating leads, targeting new customers, and Reducing cart abandonment.
Market research is the process of collecting and analyzing information about a market, including information about customers, competitors, and the overall industry. Market research aims to gain a deeper understanding of the market and customer needs and use this information to make informed business decisions. Market research can be conducted through various methods, including surveys, focus groups, and secondary research (using existing data sources).
Improved decision-making: Market research provides valuable information that can be used to make informed decisions about product development, marketing strategies, and other business-related activities.
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Which of the following are identified to help create solid business ideas?
-gathering relevant information and facts
-making sense out of often complex and confusing pieces of information
-determining the business issues and objectives
Identifying the call to action and identifying supporting points in the message.
Which of the following are identified to help create solid business ideas?The 135+ top small company ideas for novice entrepreneurs to launch today are broken down in this handbook. It takes a lot of courage to decide to become an entrepreneur, and if you want your venture to be successful, you must pursue the appropriate company idea.
It will be challenging to ever return to working a full-time job once you start enjoying the lifestyle advantages of being your own boss. Starting a new business on the side of your day job, which is what pays the bills, is one of the finest ways to gain traction with it.
Let's now examine the most sensible small business concepts for entrepreneurs in 2023. You likely already know this by now.
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which of the following costs would most likely contain both variable and fixed cost elements with respect to the total output of the company? a. Sales commissions b. manufacturing overhead c. direct material d. administrative salaries
Key terminology in managerial accounting includes fixed and variable costs, which are used in various ways to analyze financial statements. In the first of the two examples that follow, the cost directly correlates to the number of units produced.
Variable costs are anticipated to do the following within the relevant range: alter overall in direct proportion to changes in activity level Total variable costs and unit fixed costs
On a graph, it is clear that the company's fixed costs are unrelated to the number of cars it produces. Fixed costs don't change regardless of how many or few sales there are. In contrast, variable costs exhibit a linear connection between total variable costs and the volume produced.
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when a customer account is written off under the allowance method, the book value of accounts receivable decreases.
The book value of receivables decreases when an amount owed is written off using the allowance method. This statement is incorrect.
A note serves as legal proof of a debt for a company in the case that it needs to proceed to judge to fetch.
The valuation of receivable accounts should represent a rational and fair and balanced guesstimate of something like the money that the business intends to gather throughout the coming years.
Accounting is a concept. When the method for generating estimates and assumptions is free of bias, neutrality is used.
The Allowance for Uncollectible Accounts account seems to have a natural credit card balance.
When using the income support method, writing off an uncollectible account has no effect on the net realistic amount of accounts deferred revenue. The net realizable amount of a company's unpaid invoices.
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