In this classified balance sheet, current assets are listed first, followed by long-term assets. Current liabilities are listed before long-term liabilities, and the equity section includes common stock and retained earnings.
To prepare a classified balance sheet in good form as of December 31, 2022, we will categorize the accounts into different sections: current assets, long-term assets, current liabilities, long-term liabilities, and equity. We will list the current assets in order of liquidity. Here's the classified balance sheet:
Blossom Inc.
Balance Sheet
As of December 31, 2022
Assets:
Current Assets:
Cash $1,040
Accounts Receivable $1,360
Inventory $2,960
Supplies $320
Total Current Assets $5,680
Long-Term Assets:
Land $20,800
Equipment $40,000
Accumulated Depreciation-Equipment ($4,800)
Net Equipment $35,200
Total Long-Term Assets $56,000
Total Assets $61,680
Liabilities:
Current Liabilities:
Accounts Payable $3,120
Notes Payable (current) $1,760
Total Current Liabilities $4,880
Long-Term Liabilities:
Bonds Payable $24,800
Notes Payable (long term) $4,000
Total Long-Term Liabilities $28,800
Total Liabilities $33,680
Equity:
Common Stock $16,000
Retained Earnings $12,000
Total Equity $28,000
Total Liabilities and Equity $61,680
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You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition?
Select 2 correct answer(s)
A.) Mobile Fish and Chips Truck
B.) A local Taco Bell franchise
C.) Walk-up Mexican Food stand
D.) A local Burger King franchise
The two options that could be considered indirect competition for a mobile Taco Truck are (A) Mobile Fish and Chips Truck (C) Walk-up Mexican Food stand
Indirect competition refers to businesses that offer different products or services but still target the same customer base or satisfy similar customer needs. In this case, the Taco Truck, Fish and Chips Truck, and Walk-up Mexican Food stand all fall under the category of mobile food vendors and offer food options to customers.
The Mobile Fish and Chips Truck is an example of indirect competition because it provides a different type of cuisine compared to the Taco Truck. While the Taco Truck focuses on Mexican food, the Fish and Chips Truck specializes in seafood. However, both food trucks target customers who are seeking quick and convenient meals on the go, making them indirect competitors.
Similarly, the Walk-up Mexican Food stand is considered indirect competition because it also offers Mexican food but operates in a different format. Unlike the mobile food trucks, the stand is stationary and doesn't have the mobility aspect. However, it caters to customers looking for Mexican cuisine and offers a similar dining experience to the Taco Truck.
On the other hand, option B (local Taco Bell franchise) and option D (local Burger King franchise) would be considered direct competitors as they both operate in the fast food industry and offer similar types of food as the Taco Truck. These franchises have established brick-and-mortar locations and compete directly with the Taco Truck for customers seeking fast food options.
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
29.) A measure of the relative level of satisfaction that consumers enjoy from the consumption of goods and services is called a.) consumer optimum b.) the real income effect c.) utility d.) the substitution effect
A measure of the relative level of satisfaction that consumers enjoy from the consumption of goods and services is called c) utility.
Utility is a term used in economics to describe the level of satisfaction or happiness that a consumer derives from the consumption of goods and services. It is a subjective measure and varies from person to person. However, economists assume that consumers are rational and seek to maximize their utility when making consumption decisions.
The concept of utility is important in understanding consumer behavior and demand. As consumers derive greater utility from a good or service, they are willing to pay a higher price for it. Conversely, if the utility derived from a good or service decreases, consumers are willing to pay less for it.
The other options listed are also important concepts in economics, but they are not measures of the relative level of satisfaction that consumers enjoy from the consumption of goods and services. The consumer optimum refers to the point where a consumer maximizes their utility given their budget constraint. The real income effect refers to the impact of changes in real income on consumer demand. The substitution effect refers to the tendency of consumers to substitute one good for another in response to changes in relative prices.
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Jesse has a good job and pays off his one credit card every month. He was surprised that when he applied for a loan to buy a car, he was rejected.
Explain the steps that he should take to check his credit report for errors. How can he resolve any errors that he discovers?
When Jesse finds the credit report error, he should explain in writing to the credit reporting company.
What is a credit report?It should be noted that a credit report simply means a record of the repayment of a borrower.
In this case, when Jesse finds the credit report error, he should explain in writing to the credit reporting company.
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which one of the following ppe items does not need to be purchased by the employer?
The PPE item that does not need to be purchased by the employer is the basic work clothing, such as shirts, pants, and boots, that employees are expected to wear on the job.
These are considered personal clothing items that employees are responsible for providing themselves. However, if the work clothing needs to meet specific safety standards, such as high visibility or flame-resistant clothing, the employer may be required to provide them. It is important for employers to provide necessary PPE to ensure the safety of their employees and to comply with occupational health and safety regulations. Employers should also train their employees on how to properly use and maintain their PPE to maximize its effectiveness.
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Waylon is back-to-school shopping with his mom at a large department store. He’s picked out the following items: 3 pair of pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1 hoodie for $26, 1 pair of shoes for $37. When they get to the register, they see this sign:
Answer: uhhhh
Explanation:
Answer: Waylon's Purchase will cost $198.05, and section B depends.
Explanation: Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
The main purpose of a depository institution is to:
A. hold deposits in accounts and use that money to offer loans.
B. provide guaranteed payments to depositors under specific
conditions.
C. use deposited money to purchase stocks and bonds in order to
make a profit.
D. allow customers to deposit money into accounts at no charge.
SUBMIT
Answer:
A. hold deposits in accounts and use that money to offer loans.
Explanation:
Depository institutions include commercial banks, credit unions, among others. They provide a safe, secure, and convenient way for customers to save money and a source of credit for households and businesses. Depository institution offers interest on deposits and uses that money to extends loans at a higher interest.
Interest on loans is the main source of revenue for depository institutions. They create loans from customer deposits and facilitate household and business expansion in the economy.
A. hold deposits in accounts and use that money to offer loans.
Describe the four steps involved with product development.
Answer:
4 sequential steps in product development
The 4 steps in new product development process to turn your idea into a product
Ideation and Research. Every great product was once just an idea, an itch, a frustration the founder had with the existing status quo. ...
Strategic Planning. ...
3. Development and Testing. ...
Launch and Commercialization.
Explanation:
Choose the answer that correctly identifies the conflict management styles represented by each version. a. 1- non-confrontational, 2- cooperative, 3- confrontational, 4- confrontational and non-confrontational b. 1- confrontational, 2 - cooperative, 3- confrontational, 4 - cooperative and confrontational c. 1- cooperative, 2 - confrontational, 3- non-confrontational, 4 - both are confrontational d. none of the above
Hi, you've asked an incomplete question. However, the missing question read;
Version 1: George walks away. He never talks to Elaine or Jerry again.
Version 2: George confronts Elaine, saying “I am angry about what you have been saying. I do not want you spreading rumors about me. If you have a problem, please see me about it.”
Version 3: George yells at Elaine to shut u.p and then confronts his boss demanding to know why he’s going to be fired.
Version 4: George demands that Elaine tell him where she heard that. Elaine tells him not to worry about it and tries to crack a joke about how much the boss is late.
Answer:
Version 1: non-confrontationalVersion 2: cooperativeVersion 3: confrontationalVersion 4: confrontational and cooperativeExplanation:
1. In this scenario it is evident that George avoids confrontation with Elaine. In fact, we are told that "[He] walks away..."
2. In this scenario, however, we notice a cooperative deposition between George and Elaine. He made this lear when he said, "...If you have a problem, please see me about it.”
3. Confrontation occurs in this scenario as we are told that "George... then confronts his boss demanding to know why he’s going to be fired. "
4. By demanding "that Elaine tells him where she heard that" indicates confrontation. While Elaine's cracking a joke about how much the boss is late shows cooperation.
Answer:
A
Explanation:
explain the correlation between human capital education and income and how will this influence your career choice
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answer:
Keyboarding and Math :)
Explanation:
what are the steps to start living a fire lifestyle (financial independence and retire early)?
Fire which full meaning is Financial Independence Retire Early is a life style that enables a person to retire early and be Financially independent by saving or investing in thing that will lead to financial gain after they retired.
Which means that such individual will have to reduce their expense and look for a better way to increase their income.
The steps to start living a fire lifestyle are:
•Save and invest
•Do not borrow money
•Save for your children education
•Reduce your expenses
•Do not spend your saved retirement money
•Ensure you save money into your individual retirement account etc
Inconclusion For a person to live a fire lifestyle such person need to plan for the future by saving and investing.
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Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT
The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.
What is the unemployment rate?It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.
In order to reduce it, the government can hire workers for a new project by using tax money
Therefore, option A can help in the reduction of the unemployment rate.
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For a cost function c = 100 10q q2, the marginal cost of producing 10 units of output is:_____.
The marginal price equation is MC = 10 + 2Q and the marginal cost of 10 units is $30.
c=100+10q+q^2
or, Mc=dc/DQ
or,mc=10+2q
put, q=10 in Mc
Mc =10+2q
or,Mc=10+2(10)
or, Mc=30
Marginal-cost pricing, in economics, is the practice of placing the rate of a product to equal the cost of producing a further unit of output. with the aid of this coverage, a producer costs, for every product unit bought, simplest the addition to the overall price as a result of substances and direct labor.
Marginal cost represents the incremental prices incurred whilst generating additional units of a great or service. it's far calculated by using taking the total change inside the cost of manufacturing more items and dividing that by the change in the variety of products produced.
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If you roll a ix ided die and flip a coin what are we thr total number of poible outcome
If you roll a six-sided die and flip a coin, the total number of possible outcomes is 12.
A die is a cube-shaped object with a number of dots, typically numbered 1 to 6, on each of its six sides. When a die is rolled, one of the six possible outcomes will result, depending on which side lands face up.
A coin flip, on the other hand, involves flipping a coin in the air and observing which side lands face up, either heads or tails.
When both a die and a coin are rolled or flipped, each event is independent and the outcomes of each event do not affect each other. The total number of possible outcomes for both events combined is the product of the number of possible outcomes for each event.
So, for the die with 6 possible outcomes and the coin with 2 possible outcomes, the total number of possible outcomes when both events are performed is 6 x 2 = 12. The 12 possible outcomes are (1, heads), (1, tails), (2, heads), (2, tails), and so on, up to (6, tails).
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The new airline, Aphrodites Airlines is getting ready to make its advertising decisions on how to promote itself in the marketplace. The major advertising objectives it should make to develop its advertising program include: Group of answer choices message/media decisions, budget decisions/, and global market strategies objective settings, budget decisions, ethical dilemmas objective settings, budget decisions, global market strategies and joint ventures objectives setting, budget decisions, message/media decisions, and advertising evaluations
Answer:
Objective setting, budget decisions, message/media decisions, and advertising evaluations.
Explanation:
Advertising strategies differ for every business. There can be different strategies for service business rather than those businesses who provide physical goods. Service business need to pay special attention to their customers because of their intangible nature. Aphrodite's Airlines is making decision to promote its business. First they need to set objectives, then identify their organization budget for advertising activity.
The first paragraph or part of a business letter is the
OA. introduction
OB. addresses
OC. supporting details
OD. conclusion
SUE
Answer:
introduction
Explanation:
I don't know how to explain
_______generally, tend to be the most expensive form of primary data collection. a.Personal interviews b.Web-based surveys c.Mail surveys d.Telephone interviews e.Email surveys
The most expensive form of primary data collection is personal interviews. This is because personal interviews require a trained interviewer to physically meet with each participant and collect data through a face-to-face interaction.
The costs associated with personal interviews include hiring and training interviewers, travel expenses, and compensating participants for their time. In addition, personal interviews often require a larger sample size to achieve statistical significance, which further increases the cost of data collection.
Other forms of primary data collection, such as web-based surveys, mail surveys, telephone interviews, and email surveys, may be less expensive than personal interviews. Web-based surveys and email surveys, for example, can be administered using online survey software, which eliminates the need for a physical meeting and reduces the costs associated with data collection.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
Answer:
Option 1 and 2
Explanation:
Complete Question
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
CHECK ALL THAT APPLY.
High school athletes stop shopping there. The inventory of sports socks goes unsold. Publicity for the store declines. Profits decline because dress shoes cost less than sneakersSolution
Sole Sister Shoe Store chooses to sell dress shoes over sneakers because the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence Sole Sister Shoe Store started selling dress shoes
Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes
Answer:
A - high school athletes stop shopping there.
B - The inventory of sports socks goes unsold.
Explanation:
>.<
name two advantages and two disadvantages of being able to shop online.
Answer:
two advantages is that u can not out with with the pandemic and u don't have to leave ur house two disadvantages are if u get scammed or if it doesn't fit u or sizes u or if they treat u badly
Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answer:
Simple Random Sample
Explanation:
which factors help explain why the austin metro area has a higher average income than other major metro areas in texas?
The factor that helps explain why the Austin Metro Area has a higher average income than other major metro areas in Texas are many big firms located in the area.
This is because the Austin Metro Area comprises many big firms that cut across all industry sectors. This area is known to have the largest employers within the City of Austin.
Aside from the government as the major employer in the area, some other top firms in these areas include Advanced Micro Devices, Apple, Inc., Austin Independent School District, IBM, Ascension Seton Healthcare Network, St. David's HealthCare Partnership, Samsung Austin Semiconductor, the University of Texas at Austin, etc.
Hence, in this case, it is concluded that the Austin Metro Area has a higher average income than other major Metro Areas in Texas because it is home to many top industries.
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In the long run the primary effect of increasing the quantity of money is higher prices. T/F
False. In the long run, the primary effect of increasing the quantity of money is not higher prices, but rather changes in the overall level of economic activity.
When the quantity of money in an economy increases, it becomes easier for people and businesses to obtain credit and make purchases. This can lead to increased investment, consumption, and economic growth. However, it can also lead to inflation, which is an increase in the general level of prices.
While it is true that increasing the quantity of money can lead to higher prices in the short run, this is not the primary effect in the long run. In the long run, the primary effect of increasing the quantity of money is a change in the overall level of economic activity, including changes in investment, consumption, and inflation.
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What is the structure of Public corporation
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
What is the name of the is decision support strategy that uses non-linear predictive models that were defined using hidden layers trained on prior observed behaviors?.
There are input node layers, output node layers, and maybe some intermediary levels. The internal layers are frequently referred to as "hidden layers" since they cannot be seen directly from the inputs and outputs of the system.
Backpropagation is a technique for repeatedly adjusting the weights to reduce the discrepancy between the output that is produced and what is wanted. Neural networks may learn more complex properties thanks to hidden layers, which are neuron nodes layered between input node and outputs. A feedforward artificial neural network that produces a set of outputs from a set of inputs is called a multilayer perceptron (MLP).
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Why doesn't the Lorax do anything to stop the Once-ler (hint: he's a symbol)? What does this tell us
about the future of business decisions?
Answer:
The Lorax is a symbol of environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. This tells us that if we do not take steps to balance economic growth and environmental sustainability, it could lead to long-term negative consequences for the environment and future business decisions.
Explanation:
The Lorax is a children's book by Dr. Seuss that explores the environmental impact of economic growth and consumerism. In the story, the Once-ler begins cutting down Truffula trees to make a product called Thneeds, despite the warnings of the Lorax, who speaks for the trees and the animals that depend on them.
The Lorax represents environmental consciousness and his inaction in stopping the Once-ler represents the failure of society to prioritize the environment over economic growth. The Once-ler's actions are driven by his desire for profit, and he continues to cut down trees despite the negative impact it has on the environment. The Lorax, as a symbol of environmental awareness, is unable to stop the Once-ler from destroying the ecosystem, which ultimately leads to the disappearance of the Truffula trees and the animals that depend on them.
This lack of balance between economic growth and environmental sustainability is a lesson that has implications for future business decisions. If businesses prioritize profit over environmental sustainability, it could lead to long-term negative consequences for the environment, which could ultimately harm the economic viability of those businesses. It is important for businesses to consider the environmental impact of their decisions and take steps to balance economic growth and sustainability for the long-term health of the environment and economy.
During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?
Answer:
Std rate per hour: 11.00
Std hours = 1000*2 =2000
Actual hours = 1850
Actual rate = 11.80
Labor cost variance = Std cost - Actual cost
Labor cost variance = (2000*11) - (1850*11.80)
Labor cost variance = 170 Unfavorable
Labor rate variance = Actual hrs (Std rate - Actual rate)
Labor rate variance = 1850 *(11-11.80)
Labor rate variance = 1480 Unfavorable
Labor qty variance = Std rate (Std hrs-Actual hrs)
Labor qty variance = 11 (2000-1850)
Labor qty variance = 1650 Favorable.
An operation received a violation in the outside area of the facility. The manager reviewed the area and saw that the dumpster was placed on a freshly graveled drive. The lids were closed, and the drain plug was in place to prevent the dumpster from draining. What was the problem?
There are different kinds of business operations. The problem is that the surface underneath the Dumpster should have been paved with concrete or asphalt.
For most food safety features the selection of Smooth and durable flooring, wall and ceiling material is important.Food and Drug Administration is an organization that creates national standards for foodservice equipment. They are known to monitor certain food, drugs, cosmetics, and medical products as well as facilities used for food production.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Tim received a letter from his state college stating that he had been expelled from the school. The letter stated his finance professor reported him to the Dean's office for cheating and that a committee had decided to expel him. He was reminded in the letter he had been disciplined earlier that same year for plagiarizing a term paper. Tim believes his due process rights have been violated by the college. Discuss what factors should be considered to determine the validity of Tim's claim?
Answer: He should make an appeal of not given a notice and the neutral fault finding should be introduced
Explanation:
They are something's that Time has to consider to challenge the expulsion already prepared for him. He should make an appeal to a court or a higher authority for a reversal of the decision while doing this he should let the court know that he wasn't notified earlier about schools decision and that a neutral fault finder process should be introduced to investigate the whole scenario.