The stockholders' equity at the end of the year is $266,800.
The stockholders' equity at the end of the year can be calculated using the accounting equation:
Stockholders' equity = Total assets-Total liabilities
We are given that the total assets increased by $174,000 and the total liabilities decreased by $92,800 during the year. To calculate the stockholders' equity at the end of the year, we need to add the decrease in liabilities to the increase in assets, because these changes both affect the stockholders' equity:
Stockholders' equity = Total assets-Total liabilities
Stockholders' equity = ($174,000 increase in assets) - ($92,800 decrease in liabilities)
Stockholders' equity = $266,800
To know more about stockholders' equity here
https://brainly.com/question/23545641
#SPJ4
Using the concept of Pareto efficiency, which of the following statements is likely to be true? The outcome in the market for cars is Pareto efficient because it is a perfectly competitive market.
The outcome in the market for cars is Pareto efficient because it is a perfectly competitive market . It is not necessarily true that the outcome in the market for cars is Pareto efficient solely because it is a perfectly competitive market.
Pareto efficiency refers to an allocation where no individual can be made better off without making someone else worse off. While perfect competition can promote efficiency, it does not guarantee Pareto efficiency.
Other factors such as externalities, market power, and incomplete information can affect the allocation of resources and lead to inefficiencies in the car market.
Pareto efficiency is a broader concept than perfect competition. While perfect competition can contribute to efficiency, it does not automatically ensure Pareto efficiency. Evaluating the Pareto efficiency of the car market requires considering all relevant factors that may influence resource allocation.
To know more about Pareto efficiency visit :
https://brainly.com/question/29990566
#SPJ11
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by:____.
If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.
The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:
Assets = Liabilities + Shareholder’s Equity
This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.
The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.
Learn more about accounting equation, refer: https://brainly.com/question/28458260
#SPJ4
gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Learn more about explicit costs here:
https://brainly.com/question/13599226
#SPJ11
Bavarian Bar and Grill opened for business in November 2021. During its first two months of operation, the restaurant sold gift cards in various amounts totaling $5,200, mostly as Christmas presents. They are redeemable for meals within two years of the purchase date, although experience within the industry indicates that 80% of gift cards are redeemed within one year. Gift cards totaling $1,300 were presented for redemption during 2021 for meals having a total price of $2,100. The sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift cards) are purchased. Sales taxes will be remitted in January. Required: 1. Prepare the appropriate journal entries (in summary form) for the gift cards and meals sold during 2021 (keeping in mind that, in actuality, each sale of a gift card or a meal would be recorded individually). 2. Determine the liability for gift cards to be reported on the December 31, 2021, balance sheet. 3. What is the appropriate classification (current or noncurrent) of the liabilities at December 31, 2021
1- Journal Entries: a. November 2021: Cash (or Accounts Receivable) $5,200 Gift Card Liability $5,200
b. December 2021: Cash (or Accounts Receivable) $2,100 Sales Revenue $2,000 Sales Tax Payable $80 Gift Card Liability $1,300
Gift Card Breakage Revenue $100 ($1,300 x 20%)
In November 2021, the restaurant received $5,200 in cash (or accounts receivable) from the sale of gift cards. This results in a liability for the restaurant as the gift cards are redeemable for meals within two years of the purchase date. In December 2021, customers presented gift cards with a total value of $1,300 to pay for meals that cost $2,100. Since the meals were sold in December, the restaurant collected 4% sales tax on the meals ($2,100 x 4% = $80). The $2,000 ($2,100 - $80) received from the customers is recorded as sales revenue, and the sales tax collected is recorded as a liability until remitted in January. The liability for the unredeemed gift cards at the end of the year is $1,300 ($5,200 - $2,100) and is recorded as a liability. The restaurant also recognizes $100 of breakage revenue ($1,300 x 20%) since experience within the industry indicates that 80% of gift cards are redeemed within one year.
2- Liability for Gift Cards:
The liability for gift cards to be reported on the December 31, 2021, balance sheet is $1,300.
3- Classification of Liabilities:
The liability for gift cards should be classified as current liabilities on the December 31, 2021, balance sheet since they are expected to be redeemed within one year.
Learn more about “ Gift Card Revenue “ visit here;
https://brainly.com/question/30610028
#SPJ4
According to the video, what are some tasks that Construction Managers perform? Select four options.
installing plumbing and electrical fixtures
purchasing land to build on
deciding on construction methods
hiring contractors
selling building materials to laborers
making schedules
getting permits and licenses
creating architectural plans
Tasks. To fulfill deadlines, arrange or manage the activities of a construction project. Prepare and send cost tracking reports, progress reports, or budget estimates. Thus option C, D, F, G is correct.
What are Construction Managers to perform?A representative of the owner or developer, such as administrative personnel, employees, or clients, shall interpret and explain the plans and the conditions of the contract.
Construction project planning, coordination, budgeting, and completion are all under the control of construction managers.
A construction manager performs the following duties at a high level: The entire building project is planned out with deadlines and checkpoints. Employs and oversees personnel and contractors.
Therefore, the planning or management of a construction project's activities to meet deadlines.
Learn more about construction Managers here:
https://brainly.com/question/21082516
#SPJ1
Tim receives a call from a friend when he is on a conference video call with his boss. What should be his next step?
Answer:
He shoukd apologises to his boss and send the other person to voicemail and creat a plan to call back later
Explanation:
Answer:
Disconnect the call
Explanation:
edmentum
Today, ________ are flourishing due to the increased use of market segmentation and market targeting. A) chain stores B) specialty stores C) superstores D) discount stores E) off-price stores
Today, specialty stores thrive due to the increased use of market segmentation and market targeting.
What does a marketing specialist store entail?Retailers that specialize in marketing specialty stores offer a wide range of goods in specific niches. Furniture stores, flower shops, sporting goods stores, and bookstores are examples of specialty retailers. Retailers (large and tall clothing) such as DXL Big + Tall and The Athlete's Foot (selling only athletic shoes).
Which of the following describes an online transaction between a retailer and a customer?E-commerce, also known as electronic commerce, is the transfer of products or services, funds, and data over electronic networks, most commonly the Internet. These business transactions can be B2B, B2C, C2C, or C2B (business-to-business, consumer-to-consumer, or business-to-business).
To know more about specialty store visit:-
brainly.com/question/7160004
#SPJ4
Which of the following factors does NOT influence financial planning?
Group of answer choices
Potential future earnings
Savings
Debt
Investments
Answer:
D
Explanation:
Investment is not defined until it is current and shown
The factor that does not influence financial planning is Debt.
What is Debt and How it does not influence financial planning?Debt is usually money, borrowed by one party from another.Debt is long-term, and the lender is exposed to interest rate risk or the risk that interest rates will fluctuate over the maturity of the loan from which we can say that debt does not influence financial planning.Debt can lead to financial instability.Hence, Option C is the correct answer.
To learn more about Debt, refer to:
https://brainly.com/question/24623107
#SPJ2
Total Quality Management (TQM) is a management approach to long-term success through customer satisfaction. Quality management is a discipline for ensuring that outputs, benefits, and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose. a) Identify the disadvantages of TQM on employees related to the training duration, the negative effect of cost and the current system. (5 marks) (CLO5:PLO8:C2) b) Identify the main different between Quality Control and Quality Assurances in Quality Management. Give TWO (2) examples each of Quality Control activities and Quality Assurances activities. (5 marks)
a) There are several disadvantages of TQM on employees, like training duration, negative effect on cost, etc. b)Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
1. Training Duration: Implementing TQM requires a significant amount of training for employees, which can be time-consuming and disruptive to their regular work schedules.
2. Negative Effect on Cost: While TQM can ultimately lead to cost savings in the long run, the initial implementation and training can be expensive and may negatively affect the company's bottom line in the short term.
3. Current System: TQM requires a significant shift in the way that a company operates, and this can be difficult for employees who are used to the current system. This can lead to resistance and a lack of buy-in from employees, which can hinder the success of TQM.
b) Quality Control (QC) and Quality Assurance (QA) are both important aspects of Quality Management, but they are different in several ways.
Quality Control is focused on identifying and correcting defects in products or services before they are delivered to customers. QC activities include inspecting products, testing samples, and monitoring production processes.
Quality Assurance, on the other hand, is focused on ensuring that the processes used to create products or services are consistent and meet quality standards. QA activities include auditing processes, reviewing documentation, and conducting training.
Examples of Quality Control activities include:
- Inspecting products for defects before they are shipped to customers
- Testing samples of products to ensure they meet quality standards
Examples of Quality Assurance activities include:
- Conducting audits of production processes to ensure they are consistent and meet quality standards
- Reviewing documentation to ensure it is accurate and complete
To know more about Total Quality Management refer to-
brainly.com/question/17368639#
#SPJ11
Which of the following is a characteristic of a competitive market?
A) Standardized product
B) All of these
C) Few buyers
D) Barriers to entry
E) Few sellers
Company Z had the following information in 2016: Accounts Receivable $320,000, Inventory $512,000, Accounts Payable $123,000, Bonds Payable $852,000, and Depreciation Expense $54,500. These accounts had the following balances in 2017: Accounts Receivable $322,300, Inventory $758,200, Accounts Payable $135,200, Bonds Payable $580,000, and Depreciation Expense $64,700. Net Income in 2017 was $135,750. They also paid out dividends of $25,000 in 2017. What is the cash flows from operating activities?
($60,850)
($100,550)
($35,850)
($125,550
The cash flow from operating activities for Company Z is ($35,850).
What does this entail?To determine the cash flow from operating activities, we can use the indirect method of calculating cash flow from operating activities.
The formula for this method is;
Net Income (+) Non-Cash Expenses (-) Changes in Working Capital = Cash Flow from Operating Activities
Calculation of changes in working capital;
(Accounts Receivable 2017 - Accounts Receivable 2016) + (Inventory 2017 - Inventory 2016) - (Accounts Payable 2017 - Accounts Payable 2016)= (322,300 - 320,000) + (758,200 - 512,000) - (135,200 - 123,000)
= 2,300 + 246,200 - 12,200
= $236,300
Now, we can calculate the cash flow from operating activities;
Net Income (+) Non-Cash Expenses (-) Changes in Working Capital = $135,750 + $64,700 - $236,300
= $(35,850)
Therefore, the cash flow from operating activities for Company Z is ($35,850).
To know more on Cash flow visit:
https://brainly.com/question/27994727
#SPJ11
Catherine bought 355 shares of Trochel Office Supplies at $31. 29 per share. Several months later, the price went up and she sold them at $49. 88 per share. How much profit did Catherine make? a. $28,815. 35 b. $17,707. 40 c. $6,599. 45 d. $11,107. 95.
On January 2, 2020, Berry and Cyrus formed a partnership and contributed P350,000 and P50,000 respectively. They agreed to share profits and losses 80% and 20% respectively. Cyrus is given a salary of P10,000 a month; interest of 5% of beginning capital of both partners and a bonus of 15% of net income before salary, interest, and bonus. During the year, the net income is P64,000. The salary, interest, and bonus were treated as an expense. How much is the bonus to Cyrus? 36,000 41,400 26,800 32,912
The amount of bonus that Cyrus will get, given that salary, interest, and bonus were treated as an expense is A. P 36, 000.
How to find the bonus ?First, let's compute the interest on the beginning capital for both partners:
Berry's interest: P350,000 x 0.05 = P17,500
Cyrus' interest: P50,000 x 0.05 = P2,500
Total interest :
= P17,500 + P2,500
= P20,000
Cyrus salary :
Cyrus' salary:
= P10,000 per month x 12 months
= P120,000
Net income before salary, interest, and bonus = P64,000 + P120,000 + P20,000 = P204,000
The bonus is then 15% of this amount:
Bonus to Cyrus = P204,000 x 0.15 = P36, 000
Find out more on bonuses at https://brainly.com/question/18725648
#SPJ4
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
Colin, Debby, and Erin agree to be partners in Fajita Pizza, splitting the profits equally. Colin contributes 65 percent of the capital. When Fajita Pizza is dissolved, its liabilities are greater than its assets. The losses are paid bya. all of the partners in proportion to their capital contributions.b. all of the partners in proportion to their shares of the profits.c. Colin because he contributed most of the capital.d. Debby and Erin because they contributed the least of the capital.
When Fajita Pizza is dissolved, its liabilities are greater than its assets. The losses are paid bya. all of the partners in proportion to their capital contributions.
Since the profits were split equally, the losses should also be divided equally based on their capital contributions. Even though Colin contributed the majority of the capital, the agreement was to split profits equally among the partners, meaning they share both profits and losses equally.
While Colin did contribute the majority of the capital, this does not necessarily mean that he is solely responsible for the losses. In a partnership, all partners share both the profits and the losses, regardless of their capital contributions. Similarly, it would not be fair to place the burden of the losses solely on Debby and Erin because they contributed the least amount of capital.
Therefore, all partners must contribute to paying off the debts of the company in proportion to their capital contributions (option a).
Learn more about dissolution here: https://brainly.com/question/16818744
#SPJ11
Choose one of the laws that protect consumers' financial rights and find three articles describing instances of financial institutions breaking this law. Write a report (about 500 words) describing the circumstances of the violation and the penalties associated with the violation.
Answer:
Consumer protections sound like it should be a guarantee in Usa, but the government never intervened to protect citizens in the 1960s.
It began mostly with 1968 Consumer Credit Protection Act, when Congress stepped on from violence to defend consumers and their financial histories.
Many regulations expanded investor protections in the years that followed, detailing how the government can obtain records from bank clients, how banks manage lenders and how lenders manage deposit accounts.
During the Great Depression of 2008, it all reached a climax and with that, the financial stability oversight Bureau was created, a new federal department committed to defending customers.
Answer:
For this report I chose to use the Truth in Lending Act. The Truth in Lending Act protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. This protects you from loan overdraft and over billing. This allows the consumer ease to their day of anytime they run into finacial issues. As this makes better sense to consumers it helps others all over the world. People use it in hopes that this will help them in everyday.
Explanation:
What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
What is one of the best ways to get reliable information about a product?
Follow a social media influencer
Look for the advertisements
Search online reviews
Ask someone who has never used it
One of the best ways to get reliable information about a product is to search for online reviews. This allows you to read real experiences from people who have used the product and can provide honest feedback.The correct option is c.
Online reviews are typically written by people who have already used the product and can provide honest and detailed feedback based on their experience. Reading reviews from multiple sources can also provide a more well-rounded perspective and help to identify any common issues or concerns.
While social media influencers and advertisements can also provide information about a product, they may not always be objective or reliable sources of information. Asking someone who has never used the product may also not be the most helpful, as they may not have any experience or knowledge about it.
The correct option is c.
Learn more about Advertisements: https://brainly.com/question/1020696
#SPJ11
Without ____, it would be impossible to stay in business.
Group of answer choices
growth
profit
IPO
marketing
strategy
The type of interest earned on a deposit account that is calculated on both the principal deposit
amount and on any previously earned interest is called:
A simple interest
B compound interest
C variable interest
D exchange rate
Which of the following resources offers incentives for achieving fitness goals? can be multiple answers.
A.
IDEA
B.
President's Challenge
C.
ShapeUpAmerica
D.
LiveStrong
Answer:
The answer would be B. President's Challenge
Explanation:
I believe I took something similar to this
The following information was obtained from Moreau Manufacturing, Inc.: Advertising Costs $9900 Indirect Labor 53,000 CEO's Salary 620,000 Direct Labor 40,000 Indirect Materials Used 7500 Direct Materials Used 65,000 Factory Utilities Factory Janitorial Costs 1200 Manufacturing Equipment Depreciation 3100 Delivery Vehicle Depreciation 1000 Administrative Wages and Salaries 2 4,000|| Calculate Moreau Manufacturing's total product costs. A) $105,000 B) $165,500 C) $654,900 D) $170.560
Answer:
D) $170.560
Explanation:
The computation of the total product cost is given below;
= Indirect labor + Direct Labor + Indirect Materials + Direct Materials Used + Factory Utilities + Factory Janitorial Costs + Manufacturing Equipment Depreciation
= $53,000 + $40,000 + $7,500 + $65,000 + $760 + $1,200 + $3,100
= $170,560
hence, the correct option is d.
do you think the government should help businesses like SJD? justify your answer
Answer:
yes
Explanation:
coz we're not getting any help
__________ is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.
The cash conversion cycle is the elapsed time beginning with the initiation of production and ending with the cash collection of receivables from the sale of the product.
The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other production costs back into cash through sales and the subsequent collection of receivables.
The cycle includes the time taken to sell inventory, the time it takes for customers to pay for the goods or services, and the time required to convert receivables into cash. A shorter cash conversion cycle is generally desirable as it signifies a more efficient use of working capital and quicker cash flow generation.
Learn more about the cash conversion cycle at
https://brainly.com/question/30475057
#SPJ4
Tala, founded by shivani soraya, has a goal of helping businesses in developing countries ______.
Tala, founded by Shivani Soraya, has a goal of helping businesses in developing countries thrive and succeed. They achieve this through their innovative financial technology platform,
which provides access to affordable credit for small and medium-sized enterprises (SMEs).
Tala, a company founded by Shivani Soraya, aims to support businesses in developing countries.They achieve this goal by utilizing a financial technology platform. The platform is designed to provide affordable credit options specifically tailored for small and medium-sized enterprises (SMEs).
by offering access to credit, Tala enables businesses to invest in growth opportunities, expand their operations, and create employment opportunities. This financial support is crucial for SMEs in developing countries, as they often face challenges in accessing traditional banking services and securing affordable credit. By offering affordable credit, Tala helps SMEs grow and create positive impact in their communities.
To know more about businesses visit:
https://brainly.com/question/31668853
#SPJ11
the quoted rate on a home equity loan is 10% and you are in a 28% marginal tax bracket. what is the effective after tax rate on this loan
The effective after tax rate on this loan is 7.2.
What is the after-tax cost?To get a company's cost of debt after taxes, divide its effective tax rate by one and multiply the result by the cost of debt.A company's capital structure, which also includes equity, includes debt as one component. The capital structure of a company refers to how it uses various funding sources, including debt like bonds or loans, to finance its overall operations and expansion.Understanding the overall rate that a company pays to use these kinds of debt financing is made easier with the help of the cost of debt measure. Due to the fact that riskier businesses typically have higher debt costs, the metric can also give investors an idea of how risky the company is in comparison to others.Learn more about After tax cost refer :
https://brainly.com/question/29332946
#SPJ2
Proponents of economic growth make all of the following arguments except:A) growth is the basic means of improving living standards.B) it is easier to reduce poverty when the economy is growing than when it is not.C) there is a direct relationship between a growing real GDP and rising pollution.D) growth provides an economic environment favorable to education and self-fulfillment.
C) There is a direct relationship between a growing real GDP and rising pollution.
Economic growth proponents do not typically argue for a direct relationship between growing real GDP and rising pollution. Instead, they emphasize the need for sustainable development and technological advancements that can mitigate environmental impact while promoting economic growth.
Economic growth proponents generally argue that growth is the basic means of improving living standards (A), as it leads to increased employment opportunities and higher incomes. They also argue that reducing poverty is easier when the economy is growing (B), as it generates more resources and potential for social welfare programs. Additionally, they highlight that growth provides an economic environment favorable to education and self-fulfillment (D), as increased prosperity can lead to better access to education and opportunities for personal development.
Learn more about advancements here:
https://brainly.com/question/28348387
#SPJ11
TRUE or FALSE:
If a "private" good (i.e., not a public good) is provided by the government, and those who benefit from the good or service are the ones who pay for it (at price = MC), the allocation of the good is efficient.
The given statement is true.If a "private" good (i.e., not a public good) is provided by the government, and those who benefit from the good or service are the ones who pay for it (at price = MC), the allocation of the good is efficient.
When a private good is supplied by the government and the beneficiaries are responsible for paying for it, this is efficient.The principle of efficiency is that the resources in an economy should be utilized in a way that maximizes the aggregate welfare of all members of society.According to this, goods and services should be produced and allocated to people who value them more than the resources required to produce them.
To know more about public good: https://brainly.com/question/24825090
#SPJ11
The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.