DS Unlimited has the following transactions during August. August 6 Purchases 78 handheld game devices on account from GameGirl, Inc., for exist240 each, terms 1/10, n/60. August 7 Pays exist440 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl eight game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 58 game devices purchased on August 6 for exist260 each to customers on account. The total cost of the 58 game devices sold is exist14, 145.37. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.)

Answers

Answer 1

Answer:

August 6

DR Inventory $18,720

CR Accounts Payable $18,720

(To record purchase of goods for sale)

= 76 devices * $240

= $18,720

August 7

DR Inventory $440

CR Cash $440

(To record shipping costs of Inventory)

August 10

DR Accounts Payable $1,920

CR Inventory $1,920

(To record Purchase returns)

August 14

DR Accounts Payable $16,800

CR Inventory $168

CR Cash $16,632

(To record payment of purchases)

Working

Accounts Payable = Purchases - Returns

= 18,720 - 1,920

= $16,800

Inventory

Goods were purchased terms 1/10 meaning a 1% discount is goods paid for in 10 days.

= 1% * 16,800

= $168

August 23

DR Accounts Receivable $15,080

CR Sales Revenue $15,080

(To record sales of goods on account)

Sales Revenue = 58 devices * 260

= $15,080

August 23

DR Cost of Goods Sold $14,145.37

CR Inventory $14,145.37

(To record cost of Goods sold)


Related Questions

You plan to invest in one of the most profitable securities. The total of your investment is RM20,000. Given the below information.
State of the economy Probability of the states

Cash flow from the investment
Investment XY Investment ZZ
Economic recession 30% RM5,000 11,000
Moderate economic growth 40% RM12,000 12,000
Strong economic growth 30% RM19,000 13,000

a. From the data above, measure the return and risk of each investment. Which investment should be accepted? Justify your answer.

Answers

To measure the return and risk of each investment, we need to calculate the expected return and standard deviation for each investment.

Investment XY:

Expected return = (0.3 x 5000) + (0.4 x 12000) + (0.3 x 19000) = 11400

Standard deviation = sqrt(((0.3 x (5000-11400)^2) + (0.4 x (12000-11400)^2) + (0.3 x (19000-11400)^2))/2) = 4311.46

Investment ZZ:

Expected return = (0.3 x 11000) + (0.4 x 12000) + (0.3 x 13000) = 12000

Standard deviation = sqrt(((0.3 x (11000-12000)^2) + (0.4 x (12000-12000)^2) + (0.3 x (13000-12000)^2))/2) = 1000

Justification:

Investment ZZ has an expected return of RM12,000, which is higher than investment XY's expected return of RM11,400. Additionally, investment ZZ has a lower standard deviation of RM1,000 compared to investment XY's standard deviation of RM4,311.46. This means that investment ZZ is less risky than investment XY, making it a better investment choice.

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Buyers who are aware of Firm’s ___________________ might desire to purchase its products because price no longer remains a limiting factor
1)location
2)prestige
3)competition
whixh one is correct

Answers

Answer:

2) prestige.

Explanation:

Buyers who are aware of Firm’s prestige might desire to purchase its products because price no longer remains a limiting factor.

>
Which statement represents the data leveraged for solutions?

O Data is highly trusted, and employees have high rates of data literacy.
O Organizations typically have enough data to support all desired Al efforts.
O
O
Quality data is often trapped in silos, and not accessible across client
functions.
Companies are usually agile enough to analyze data quickly and without
error.
OI don't know this yet.
Submit answer

Answers

The data leveraged for solutions Option b is the correct answer. Organizations typically have enough data to support all desired Al efforts.

What is Data leveraged for solutions?

You may reach out to your consumers and develop deep relationships with your top prospects by utilising big data solutions. You need to make sure that the information about your clients is secure in order to do so in a way that enhances rather than detracts from your brand.When data is leveraged to improve the customer experience, company benefits. However, one successful cyberattack or data breach might ruin the company's reputation. Create a strategy for how customer data will be handled and stored securely, not only to go with industry rules but also to treat consumers and their information with respect and ethical conduct Systems should undergo a comprehensive information security audit, and any weak places should be strengthened. Cyberattacks are becoming more sophisticated and are now aimed at systems like internet phones and distant offices.

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You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates

You are an economics professor teaching large sections of Principles courses this semester. Within the

Answers

The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Answers

Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

ClassesCustomersProducts and ServicesAccount

What is QuickBooks Online Accountant?

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

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See full question below

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year.

Answers

There were approximately 8.17 billion cell phone subscribers in the world in 2019

To calculate the number of cell phone subscribers in the world in 2019, we need to find the total increase in the number of subscribers over the five-year period, and add it to the initial number of subscribers in 2014.

First, let's calculate the increase in the number of subscribers each year:

Year 1: 7 billion x 0.03 = 210 million

Year 2: (7 billion + 210 million) x 0.03 = 221.7 million

Year 3: (7 billion + 210 million + 221.7 million) x 0.03 = 233.51 million

Year 4: (7 billion + 210 million + 221.7 million + 233.51 million) x 0.03 = 245.85 million

Year 5: (7 billion + 210 million + 221.7 million + 233.51 million + 245.85 million) x 0.03 = 258.76 million

Now we can add up the total increase over the five-year period:

210 million + 221.7 million + 233.51 million + 245.85 million + 258.76 million = 1.16982 billion

Finally, we can add this total to the initial number of subscribers in 2014:

7 billion + 1.16982 billion = 8.16982 billion

Therefore, there were approximately 8.17 billion cell phone subscribers in the world in 2019

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Full Question: "In 2014, there were about 7 billion cell phone subscribers in the world. During the next 5 years, the number of cell phone subscribers increased by about 3% each year. How many cell phone subscribers were there in the world in 2019?"

instance, think about the jobs listed below. While those in positions like these get to work
in and around show business, the functions they perform are based right in the clusters we
considered today: Business Management, Finance, Marketing and Sales. See if you can
search online to find what is involved with these three specific jobs. Can you find an example
of someone who holds this position? What do the do? How might their job allow them to
feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency description of each of the three careers that you researched, including what tasks the
job requires and why the job is so important
2. A breakdown of the education requirements for each career, including subjects that might
be beneficial in preparing for each career
3. The projected annual salary for someone in each career and the job outlook according to
the Bureau of Labor
4. A summary of why you think this job is a good choice for someone who is interested it
"show business*

Answers

Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters.

Senior Vice President of Theatre Operations:

This role involves overseeing the operations and management of theaters within a company. Responsibilities may include developing and implementing operational strategies, managing budgets and financial performance, coordinating with production teams, ensuring smooth theater operations, and enhancing the overall customer experience. An example of someone who holds this position is Mark Manuel, Senior Vice President of Theatre Operations at AMC Theatres.

Media Production Accountant:

A media production accountant is responsible for managing the financial aspects of film and television production. They handle budgeting, cost tracking, payroll, financial reporting, and ensuring compliance with industry regulations. Their role is crucial in managing the financial resources of a production, tracking expenses, and providing accurate financial information for decision-making. Relevant education in accounting or finance is essential for this career, and knowledge of the entertainment industry can be beneficial.

Social Media Director, Film Marketing Agency:

As a social media director in a film marketing agency, the role involves developing and implementing social media strategies to promote films. They oversee social media campaigns, manage content creation, engage with audiences, analyze performance metrics, and work closely with marketing teams. Their job is important in building an online presence, creating buzz, and engaging fans within the film industry. A background in marketing, communication, or digital media is typically desired for this role.

Each of these careers can be a good choice for someone interested in "show business" as they offer opportunities to work closely within the entertainment industry and contribute to its success. They provide a chance to be involved in the operations, financial management, marketing, and promotion of films and theaters. These roles allow individuals to work behind the scenes, making critical decisions and supporting the overall success of productions. Additionally, being part of the entertainment industry can be exciting and fulfilling for those passionate about the world of show business.

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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.

Which ethical philosophies apply to Mr. Madoff? Why?

Answers

In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.

Here are the steps to be followed:

1. Introduction:

Provide a brief introduction to the topic of the essay, mentioning Warren Buffett and Bernie Madoff as prominent figures in business.State the purpose of the essay, which is to discuss Warren Buffett's approach to business dealings, particularly in relation to business ethics, and compare it to Bernie Madoff's approach.Mention that you will also apply ethical philosophies learned in the module to analyze their actions.

2. Warren Buffett's Approach to Business Dealings and Business Ethics:

Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.

3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:

Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.

4. Application of Ethical Philosophies to Warren Buffett:

Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.

5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:

Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.

6. Conclusion:

Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.

Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.

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Multiple Choice Question
What contribution did the early Venetians make to the practice of management?
O Describing the importance of leadership in The Art of War
O Considering the role of specialization in a manufacturing setting
O Standardizing production with assembly lines and inventory controls
O Being the first to recognize management as a scientific practice

Answers

The early Venetians make Standardizing production with assembly lines and inventory controls the practice of management.

Venetian traders were influential financiers in Europe. The city was also the birthplace of awesome European explorers, which includes Marco Polo, as well as Baroque composers inclusive of Antonio Vivaldi and Benedetto Marcello, and well-known painters which include the Renaissance master Titian.

The Republic of Venice or the Venetian Republic, historically referred to as Los Angeles Serenissima changed into a sovereign nation and maritime

Venetian is a separate language from Italian, with many neighborhood varieties. Its precise location in the Romance language circle of relatives remains extremely debatable.

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Amazon is the dominant firm in the online shopping service industry, which has a total market demand given by Q = 100 – 2 P. Amazon has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 10 Qi + Q i 2. If Amazon’s total costs are given by TCA = 10 + 10 QA, , how much does the industry as a whole produce at this price?

Answers

The price that Amazon has to establish for their online shopping should be $20.

The Excel financial functions section includes the Price Function. It will determine the cost of a bond with a $100 face value that accrues interest on a recurring basis. The PRICE function in financial analysis can be helpful when we want to borrow money by selling bonds rather than stocks.

We have the price function as

P = 10 + 2Qi

Make Qi subject

= Qi = 0.5P - 5

4 firms with identical features

This would give us  

Qs = 4Qi

Qs = 4(0.5P -5)

Qs = 2p - 20

Q = 100 - 2p

Qa = Q - Qs

(100 - 2P) - (2P -20)

Take like terms

100 - 2p - 2p + 20

100 - 4p + 20

Qa = 120 - 4p

Make p subject

p = 120 - Qa / 4

p = 30 - 0.25Qa

TRa = p*Qa

= (30 - 0.25Qa)Qa

= 30Qa - 0.25Qa²

MRa

=  30 - 0.5Qa

TCA = 10 + 10QA

=  ΔTCA / ΔQA

= 10

30 - 0.5QA = 10

Take like terms

30 - 10 = 0.5Qa

divide through by 0.5

20/0.5 = Qa

40 = Qa

Output produced =  40.

We have P as

30 - 0.25QA

P = 30 - 0.25( *40)

= 20

Hence the price that Amazon has to establish for online shopping should be $20

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What is the best business to start from 12-17 yrs old in UK​

Answers

Starting a business at a young age can be a great way to develop skills, gain experience and earn some extra money. Here are some ideas for businesses that can be started by 12-17-year-olds in the UK:

Online reselling: This involves buying products in bulk and reselling them online for a profit. Popular platforms to use are eBay, Amazon, and Depop.
Pet-sitting and dog-walking: Many people need help looking after their pets when they are at work or on vacation. You can offer your services to friends, family, and neighbors or use websites such as Rover or PetSitter.com.
Cleaning services: Offer to clean homes or businesses in your local area. This can include tasks such as dusting, vacuuming, and mopping.
Lawn care: Offer to mow lawns, trim hedges, and tidy gardens in your local area. This is particularly in demand during the summer months.
Tutoring: If you are particularly skilled in a certain subject, you can offer to tutor other students in your area.
Social media management: Many small businesses struggle to manage their social media accounts. You can offer your services to help them create content, schedule posts and manage their online presence.
Event planning: Help plan and organize parties, events or small gatherings for family, friends or neighbors.
Remember, starting a business at a young age requires dedication, hard work, and a willingness to learn. It is also important to research any legal requirements and regulations that may apply to the type of business you want to start.

what is paying divedends to stockholders do?

Answers

Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.

Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.

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what are the problems encountered in dealing with the depreciation of non-current assets?

Answers

Answer:

The causes of depreciation are: Wear and tear. Any asset will gradually break down over a certain usage period, as parts wear out and need to be replaced. Other assets, such as buildings, can be repaired and upgraded for long periods of time. Non-current assets are usually valued by deducting the accumulated depreciation from the original purchase cost. For example, if a business bought a computer for $2100 two years ago, this is a non-current asset and it's subject to depreciation.

Explanation:

What is a consumer in business

Answers

Answer:

Consumers are defined as individuals or businesses that consume or use goods and services.

Explanation:

Answer:

consumer is someone who uses, consumes goods and/or services. consumer is also someone who is involved in obtaining, consuming, and disposing of products and services, including the decisions that precede and follow up on those actions.

Personal Impact Improvement Plan. Think about the tips for how to live an environmentally friendly life and set goals for your own improvement. Be specific and realistic for your life.

Answers

A Personal Impact Improvement Plan is a means of making small lifestyle changes to reduce one's impact on the environment. It is a series of simple lifestyle changes that can make a huge difference. An environmentally friendly lifestyle is beneficial for the environment, our health, and the economy.

Following are some tips for living an environmentally friendly life: Reducing water usage: Water is an essential natural resource. Conserving water saves money and energy while protecting the environment. This can be achieved by reducing shower times, using a low-flow showerhead, and fixing leaky taps. Reducing energy usage: The use of energy affects the environment, both locally and globally.

By conserving energy, we can save on our energy bills and reduce pollution. This can be achieved by using energy-efficient lighting, unplugging electronics when not in use, and reducing heating and cooling requirements.

Reducing plastic usage: Plastic waste is a significant problem for the environment. It takes a long time to decompose, and it is not biodegradable. This can be achieved by using reusable bags, bottles, and straws.

Reducing carbon emissions: Carbon dioxide is a greenhouse gas that contributes to climate change. This can be achieved by walking, cycling, or taking public transport instead of driving and reducing air travel.

Setting goals for your own improvement is essential. Specific, realistic, and achievable goals can be set to make lifestyle changes more manageable.

The goals should be tailored to the individual and their circumstances. For example, a person can aim to reduce their energy consumption by 10% by using energy-efficient lighting and unplugging electronics when not in use.

Another person can aim to reduce their water usage by fixing leaky taps and reducing shower times. It is important to remember that small changes can make a big difference, and everyone can do their part to help the environment.

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Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?

He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.

Answers

Isaiah is a Financial Quantitative Analyst for a major stock investment company. He assesses financial situations using mathematical models. Therefore Option B is correct.

What is a Financial Quantitative Analyst?

A quantitative analyst, also known as a "quant," is a professional who uses statistical and mathematical techniques to solve financial and risk management issues. In order for businesses to make financial and business decisions on things like investments, pricing, and other things, they create and implement complicated models.

An expert in financial quantitative analysis advises organizations and people who are making investment decisions. In order to locate profitable investments for their clients, they examine and assess available investment alternatives.

To create trading algorithms and computer models, financial quantitative analysts process a wide range of data. They just use numbers to determine their investments.

Hence, He assesses financial situations using mathematical models.

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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent​

Answers

Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

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2. The demographics of your target market are likely to
over the course of
years

Answers

The demographics of your target market are likely to change

over the course of years.

What is demographics?

Marketing demographics are variables like as age, geographic region, education level, employment, income, and so on that are used to categorize and segment a market. Marketing demographics make use of readily available information.

The statistical study of human populations is known as demography. Demographers evaluate population number, mobility, and structure using census data, surveys, and statistical models.

Demographic traits are easily discernible. Age, gender, family situation, education level, income, occupation, and race are just a few examples.

Hence, these traits change over time.

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as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils

Answers

Answer:

this didnt make sense but ok

Explanation:

Which of the statements is not true about a bank run? Bank runs are bad for the bank affected and usually good for the bank's competitors. Fears leading to bank runs can be self-fulfilling. Deposit insurance is designed to reduce the risk of bank runs for depository banks. There was a wave of bank runs during the Great Depression. Since the Great Depression the government has set up regulation that has eliminated most bank runs.

Answers

Answer:

Explanation:

90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine comments your worst week starts now this isn't fake. apparently if u copy and paste this on ten comments in the next ten minutes you will have the best day of your life tomorrow. you will either get kissed or asked out in the next 53 minutes someone will say i love u

what is meant by insufficient mandate in bank transactions

Answers

Insufficient mandate in bank transactions refers to a situation where a financial transaction cannot be completed due to a lack of authorization or permission from the account owner or authorized signatory.

This may occur when the account holder has not provided the bank with clear instructions on the types of transactions that can be performed on their behalf, or when the instructions provided are not sufficient to cover the particular transaction being requested. For example, if an individual or company authorizes a bank to issue cheques on their behalf, but fails to specify the amount limit, then the bank may not be able to process a cheque above a certain amount due to insufficient mandate. In such cases, the bank may require the account holder to provide additional instructions or authorization before proceeding with the transaction. Alternatively, the bank may decline the transaction altogether to avoid any legal or regulatory issues. To avoid insufficient mandate issues, it is important for account holders to clearly define the scope and limitations of their authorization, and to update the bank promptly in case of any changes or modifications to their instructions.

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The following information about the weekly payroll was obtained from the records of Boltz Co.:
Salaries: Deductions:
Sales salaries $335,000 Income tax withheld $116,800
Warehouse salaries 186,000 U.S. savings bonds 14,630
Office salaries 144,000 Group insurance 11,970
$665,000
Tax rates assumed:
Social security 6% State unemployment (employer only) 5.4%
Medicare 1.5% Federal unemployment (employer only) 0.8%
Required:
1. Assuming that the payroll related to the first full week of the year and was paid on January 7, journalize the following entries:
a. January 7, to record the payroll.
b. January 7, to record the employer’s payroll taxes on the payroll for the first week of the year. Since it is a new fiscal year, all $665,000 in salaries is subject to unemployment compensation taxes.
2. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the following entries:
a. December 31, to record the payroll.
b. December 31, to record the employer’s payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $38,000 is subject to unemployment compensation taxes.

Answers

A journal entry is used to record a business transaction in the accounting records of a business. This is given below.

How to explain the journal entry

Journal entries for the first full week of the year and paid on January 7:

a. To record the payroll:

Salaries Expense $665,000

Cash $534,600

U.S. Savings Bonds Payable $14,630

Group Insurance Payable $11,970

Income Tax Payable $116,800

Social Security Payable $39,900

Medicare Payable $9,975

b. To record employer's payroll taxes on the payroll for the first week of the year:

Payroll Tax Expense $53,564

Social Security Payable $39,900

Medicare Payable $9,975

Federal Unemployment Tax Payable $5,320

State Unemployment Tax Payable $8,369

Journal entries for the last week of the year and paid on December 31:

a. To record the payroll:

Salaries Expense $665,000

Cash $534,600

U.S. Savings Bonds Payable $14,630

Group Insurance Payable $11,970

Income Tax Payable $116,800

Social Security Payable $39,900

Medicare Payable $9,975

b. To record employer's payroll taxes on the payroll for the last week of the year:

Payroll Tax Expense $2,600

Federal Unemployment Tax Payable $304

State Unemployment Tax Payable $2,296

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390

Answers

The total gross margin for the month under absorption costing is $16,120.

What is the total gross margin?

Total variable cost per unit:

Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12

Total variable cost per unit:

= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit

= $44 + $19 + $13 + $12

= $88

Total fixed costs:

Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440

Total fixed costs:

Fixed manufacturing overhead + Fixed selling and administrative expenses

= $85,260 + $16,440

= $101,700

Total gross margin:

= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs

= ($131 - $88) * 2,740 - $101,700

= $43 * 2,740 - $101,700

= $117,820 - $101,700

= $16,120.

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The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, the designation often results in a promising career with a lucrative salary. A student of finance is curious about the average salary of a CFA charterholder. He takes a random sample of 36 recent charterholders and computes a mean salary of $162,000 with a standard deviation of $36,000. Use this sample information to determine the 90% confidence interval for the average salary of a CFA charterholder.

Answers

The confidence interval for the average salary of a CFA charter holder : ( 1,49,820, 1,74,180)

We assume that the salary of CFA charterholders is typically distributed.

Let the salary of CFA charter holders be = x

ATQ

n = 36 and x = 1,62,000

Degree of freedom :

df = 35    [ df= n-1]

s=  $36,000

Significance level :

a = 1 - 0.95

= 0.05

Using the t-distribution table,

Ta/2, df = t(0.025), 35

= 2.030

95% confidence interval for the average salary of a CFA charterholders

1,62,000 + (2.030). 36000/√36

= 1,62,000 +- 12180

= ( 1,62,000 - 12180,  1,62,000 + 12180)

= ( 1,49,820, 1,74,180)

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Can someone help me?

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yeah with what  do you need help with                                              

The Cd Bank wants to open a new branch in a distant city with very different economic conditions. Currently, the bank has an expected return of 15% with a standard deviation of 7%. The new branch is expected to have a return of 20% with a standard deviation of 10%. The correlation between the bank's returns and the returns from the new branch is -0.3. The new branch is expected to contribute 10% of the bank's revenues. What is the expected return for the bank if they add the new branch

Answers

The expected return for the bank if they add the new branch is 15.5%.

Let New bank =10%

Let Old bank=1-10% = 90%

Using this formula

E(R)=(W1×R1)+[(1-W)×R2]

Where:

E(R)=Expected return=?

W1=New branch expected contribution=10%

R1=New branch expected return=20%

(1-W)=Old branch expected contribution=(1-10%)=90%

R2=Old branch expected return=15%

Let plug in the formula

E(R)=(.10×20%) + [(1-.10)×15%)]

E(R)= (.10×20%) + (.90×15%)

E(R)=0.02+0.135

E(R)=0.155×100

E(R)=15.5%

Inconclusion the expected return for the bank if they add the new branch is 15.5%.

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57. Mark Green is considering buying a new Honda Accord. The purchase price of the car is $21,000 but Mark has a trade-in worth $4500. Mark needs a loan to buy the car and knows that his local bank requires him to put down 10% of the purchase price after the value of the trade-in is considered. Mark also knows that bank will charge 8% for the loan and require monthly payments over the next 4 years. What is the size of Mark‟s monthly payments if he makes the minimum down payment on the car?

Answers

Note that , Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.

How is this so?

Given

Loan amount - $14,850

Loan term - 48 months

Interest rate - 0.0067 per month(8   % annual rate divided by 12 months)

Using the formula for a fixed- rate loan,the monthly   payment (P) can be calculated as follows:

P =   (Loan Amount * Monthly Interest Rate) /(1 - (1 + Monthly Interest Rate)^(-Number of Months))

P = ($  14,850 * 0.0067) /(1 - (1 + 0.0067)^(-48))

computing we have

P = ($99.50) / (1 - (1.0067)^(-48))

P = ($99.50) / (1 - 0.7035)

P = ($99.50) / (0.2965)

P ≈ $335.89

Therefore, Mark's monthly payments will be approximately $335.89 if he makes the minimum down payment on the car.

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The total factory overhead for Bardot Marine Company is budgeted for the year at $669,375, divided into two departments: Fabrication, $409,500, and Assembly, $259,875. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require one direct labor hour in Fabrication and three direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and four direct labor hours in Assembly. Each product is budgeted for 4,500 units of production for the year.

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The overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.

Explain the above mechanism.

We must divide the entire overhead expense by the total direct work hours for each unit in order to determine the predetermined overhead for each department. For the division of fabrication:

All direct labour hours for Fabrication divided by Fabrication overhead costs equals the overhead rate.

Overhead rate is $409,500 divided by [(1 hour per speedboat multiplied by 4,500 speedboats) + (three hours per bass boat multiplied by 4,500 bass boats)].

Overhead is calculated as 27,000 direct work hours x $409,500.

Cost of overhead is $15.17 per hour of direct labour

Regarding the Assembly division:

All direct labour hours for Assembly divided by Assembly overhead cost equals the overhead rate.

Overhead rate is equal to $259,875 divided by [(3 hours per speedboat times 4,500 speedboats) + (4 hours per bass boat times 4,500 bass boats)].

$259,875 in overhead divided by 31,500 hours of direct labour

Cost of overhead is $8.25 per hour of direct labour.

As a result, the overhead rates for the departments of Fabrication and Assembly are $15.17 and $8.25 per direct labour hour, respectively.

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In Year 1, the investor acquired 10% ownership of investee and applied fair value method to account for the investment. In Year 2, the investor acquired another 30% ownership and applied equity method to account for the investment (40% ownership). In Year 3, the investor sold 35% ownership of the investee and started using fair value method again to account for the investment (5% ownership). Should the investor apply retrospective adjustment in Year 2 and Year 3

Answers

Answer:

b

Explanation:

Where should a user store frequently used icons on a computer?

Answers

Shelf or Taskbar. Located at the bottom of your computer

Answer: they should be loaded on the tool bar  

Explanation:

for quick and easy access  

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