In May 20×5, the newly appointed controller of Butch Baking Corporation conducted a thorough review of past accounting, particularly of transactions that exceeded the company's normal level of materiality. As a result of his review, he instructed the company's chief accountant to correct the error below:
In 20×2, the company made extensive improvements to the baking process and installed a substantial amount of new equipment. The entire cost of the process improvements and equipment was accidentally charged to income as restructuring expense in 20×2. However, the equipment should have been capitalized and added to the factory equipment account. The cost of the equipment was $1,200,000. Butch depreciates its factory equipment on the straight-line basis over 10 years. A full year's depreciation is charged in the year that equipment is acquired. The company’s tax rate is 30%.
Additional information: The Company’s net income before taxes was $3,500,000 for 20X2 and $4,400,000 for 20X3.
Calculate the impact on Net Income (after taxes) for years, 20X2 and 20X3.

The basis of competition is freedom of choice exercised in the pursuit of money.

Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.

The purpose of competition is for businesses to try to outdo each other in order to earn more.

Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.

Hence, the basis of competition is freedom of choice exercised in the pursuit of money.

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The correct answer are options A, D, and E which would increase the unemployment rate.

A) Decrease in the minimum wage: If the minimum wage is decreased, it may make it more affordable for employers to hire workers, potentially leading to an increase in employment opportunities.

However, this can also result in lower wages for workers and potentially higher competition for jobs, which can increase the unemployment rate.

E) A cut in unemployment compensation: If unemployment compensation is reduced, individuals who are unemployed may have less financial support while searching for new employment.

This reduction in income can discourage individuals from actively seeking employment or accepting available job opportunities, potentially leading to an increase in the unemployment rate.

D) A law making it illegal to work more than 35 hours per week: If a law is enacted that restricts the number of hours an individual can work to 35 hours per week, it may create limitations for businesses and employers. This can result in reduced job availability or the need for employers to reduce their workforce, leading to an increase in the unemployment rate.

It's important to note that the impact of these factors on the unemployment rate can vary depending on the specific economic conditions and other factors in a given country or region.

Economic analysis requires a comprehensive understanding of the entire economic context and cannot solely rely on a limited set of factors.

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Answer:

normal standards

Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.

Answer:

Unrealized gain of $25,000

Explanation:

Calculation for what Trafton will report on its 2021 income statement

Since we were told that the company had fair value of the amount of $560,000 At the end of the year in which we were still told that the fair value of the securities was the amount of $585,000 which means that Trafton will report an UNREALIZED GAIN of the amount of $25, on its 2021 income statement calculated as:

Using this formula

Income statement = 31 December Fair value of securities - Fair value investment in equity securities

Let plug in the formula

Income statement =$585,000 - $560,000

Income statement= $25,000 Unrealized gain

Therefore Trafton will report Unrealized gain of the amount of $25,000 on its 2021 income statement

Answer: price

Explanation:

Answer:

1. False

2. True

3. False

4. False

Explanation:

1. Associate degree

2. A masters in business administration would be an asset to someone wanting to run a business

3.  A minor is a great way to augment skills

4. There is also a bachelors of fine arts

Digital assets refer to content, files, or resources that exist in a digital format, such as images, videos, documents, and websites. Most digital assets you create would be protected by intellectual property laws, specifically copyright and trademark laws.

Digital assets often hold significant value for their creators, both in terms of creativity and potential financial worth.
Copyright law safeguards original works of authorship, such as literary, musical, and artistic creations. When you create a digital asset, you automatically obtain copyright protection, granting you exclusive rights to reproduce, distribute, display, and create derivative works based on your creation. This protection usually lasts for the life of the creator plus an additional 70 years after their death.
Trademark law, on the other hand, protects distinctive names, logos, and slogans used to identify and distinguish goods and services in the marketplace. By registering a trademark for your digital asset, you can prevent others from using a similar mark that may cause confusion among consumers or dilute the value of your brand.
To maintain the protection offered by these laws, it is crucial to be vigilant in monitoring the use of your digital assets and to enforce your rights when necessary. Infringement cases should be addressed promptly, and you may need to consult legal professionals for assistance.
In summary, most digital assets you create are protected by intellectual property laws, including copyright and trademark laws. These legal protections help to preserve the value and integrity of your creations, while also allowing you to maintain control over their use and distribution.

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Most digital assets you create, such as images, videos, documents, or software, would be protected by intellectual property laws, specifically copyright law. Copyright law grants creators exclusive rights to their original works, including the right to reproduce, distribute, display, and create derivative works.

By default, when you create a digital asset, you automatically own the copyright, which helps protect your creation from unauthorized use or infringement. However, it's essential to register your copyright with the appropriate government agency to enforce your rights more effectively and potentially receive statutory damages in case of infringement. Keep in mind that copyright protection has some limitations and exceptions, such as fair use, which allows limited use of copyrighted material without permission under specific circumstances.

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Answer:

Explanation:

Workings

Note that intangible assets are amortized over the useful lifetime and not the legal life.

Copyright

Useful life = 6 years

Date of purchase = January 1

Timeline = 12 months / 1 year

Purchase price = 120,000

Amortization charges = 120,000 / 6 =  20,000

Patent

Useful life = 4

Date of purchase = Mar 1

Timeline = 10 months (March - December )

Purchase price = 54,000

Amortization charges = 54000/4 *10/12 = 11,250

Small company

Goodwill are not amortized as it has an indefinite lifetime but annually tested for impairment

Adjusting entries

Date                     Accounting title                 Debit          Credit

a) Amortization of Copyright

December 31       Amortization expenses    20,000

                                   Copyright                                          20,000

b) Amortization of patent

December 31         Amortization expenses          11,250

                                        Patent                                                  11,250

Answer:

marketing channel....

According to the marginal productivity theory, employers do not pay use value to their employees. This statement is false.

The marginal productivity theory suggests that employers pay employees based on their marginal contribution to the company's overall production or output. In other words, employees are compensated according to the additional value they bring to the organization with each unit of their input, such as labor or skills.

Under this theory, employers consider the value that each employee adds to the production process and set wages accordingly. For example, if an employee's work leads to a significant increase in output or productivity, the employer may decide to offer higher wages as a reward for their contribution. On the other hand, if an employee's work does not significantly impact productivity, their wages may remain the same or even be adjusted accordingly.

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An organization's external environment is also referred to as the business environment or the macro-environment.

It encompasses all the external factors, forces, and conditions that influence and impact the organization's operations, performance, and strategic decisions. Here's why these terms are synonymous and commonly used interchangeably:

1. Business Environment: The term "business environment" refers to the external context in which an organization operates. It includes a wide range of factors such as the economy, industry trends, competitive landscape, technological advancements, legal and regulatory framework, social and cultural influences, and political factors. These elements collectively shape the opportunities and challenges faced by the organization.

2. Macro-Environment: The macro-environment refers to the broad external factors that affect multiple organizations and industries, beyond the control of any single organization. It considers the larger societal, economic, and global forces that impact business operations. The macro-environment is often analyzed using frameworks like PESTEL analysis (Political, Economic, Sociocultural, Technological, Environmental, and Legal factors) to assess the external influences on an organization.

Both terms, external environment and macro-environment, are used to highlight the importance of considering the external factors that impact an organization's performance and strategic decision-making. These terms recognize that organizations operate within a complex ecosystem that extends beyond their internal workings, and they need to adapt and respond to the dynamics of the external environment to thrive.

In summary, the terms external environment, business environment, and macro-environment all refer to the external factors, forces, and conditions that influence an organization's operations and strategic decisions. They highlight the need for organizations to understand, analyze, and adapt to the dynamic external landscape in which they operate.

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Answer:

1.being loving

2bieng understanding

3being loy

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

Your budget can assist you in keeping track of money. That is cash Flow. A company's cash flow is a measure of how much money it brought in or spent over a period of time.

The goal of a cash flow statement is to show what occurred to a company's cash during a specific time period, known as the accounting period.

It displays an organization's ability to operate in the short and long term, based on the amount of money moving in and out.

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Answer:C

Cash flow

Explanation:

According to the Internal Revenue Service (IRS), Frankie must pay taxes on the interest earned in his savings account.

The Internal Revenue Service (IRS) is a government organization in the United States that is responsible for collecting taxes and enforcing tax laws. Taxpayers are expected to pay their taxes to the IRS every year to support the government's programs and services.The IRS requires taxpayers to report all of their earnings, including interest earned from bank accounts, on their tax returns. If Frankie earned a significant amount of interest on his savings account, he must report it on his tax return and pay taxes on it.

Interest earned on a savings account is considered taxable income, and it is subject to both federal and state income taxes. The amount of taxes owed on the interest earned depends on Frankie's income level and his tax bracket.For instance, if Frankie is in a higher tax bracket, he will owe more taxes on his savings account interest than someone in a lower tax bracket. Additionally, the interest earned may be subject to additional taxes, such as the Medicare tax or the Net Investment Income Tax (NIIT).Therefore, Frankie must report the interest earned on his savings account on his tax return and pay any taxes owed on it.

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Answer:

One Page Marketing

Explanation:

One Page Marketing Plan can help simplify and maximize your marketing efforts as well as help you create an actionable to reach your business goals.

Answer:

ur pic is not clear i cannot answer ur question

Answer: dishonesty and dependence.

Explanation:

Dishonesty are not traits of entrepreneurs. Entrepreneurs often have a knack for thinking outside the box, generating new ideas, and finding innovative solutions to problems. The answer is OPTION B.

Risk-taking: Entrepreneurs are willing to take calculated risks and step out of their comfort zones to pursue their business ideas.

Passion: Successful entrepreneurs are deeply passionate about their ventures, which fuels their motivation and perseverance.

Vision: Entrepreneurs have a clear vision of their goals and a strong sense of where they want to take their businesses in the long term.

Adaptability: They can quickly adapt to changing circumstances, markets, and trends, allowing them to stay relevant and competitive.

Persistence: Entrepreneurs demonstrate resilience in the face of challenges, setbacks, and failures, and they are committed to overcoming obstacles.

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Answer:

Explanation:

..

Answer:

you have to give "the following"

The following transactions of Gotebo Tanners, Inc. that increased Gotebo's liabilities are-

1. Purchased land for $12,000, signing a note payable for the full amount.

2. Purchased $300 of office supplies on account.Therefore, there are two transactions that increased Gotebo's liabilities.

A liability is a legal obligation or debt that a company owes to another party. Liabilities can include loans, accounts payable, mortgages, accrued expenses, and deferred revenues. Liabilities are what a company owes, and they are listed on a company's balance sheet.

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Answer:

C. Businesses sell the goods they produce at product markets.

Explanation:

Just got it right

Answer:Businesses sell the goods they produce at product markets.

Explanation:

Answer:

A .  Distributor

Explanation:

I just had this question lol >.<

- mark me brainliest :0

A distributor acts as a link in the supply chain or distribution channel between a manufacturer, who produces a product, and an entity further down the line. The downstream company can either be a wholesaler or retailer, known as a value-added reseller (VAR).

Thus, option A is Correct.

A distributor purchases products from a producer and sells them to customers, occasionally via stores in the distribution channel. Distributors can sell goods directly to consumers or to other firms, depending on the good or service.

A distributor is a company that buys non-competing products or product lines and resells them to customers directly. The majority of distributors also provide a range of services, including service, technical support, and warranty protection. Distributors are essential in assisting manufacturers in reaching markets that they would not otherwise be able to approach.

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In contrast, minor stakeholders are far from being insignificant. Customers, governmental organisations, regulatory authorities, labour unions, local communities, the global community, non-governmental organisations, and the media are among the broad range of stakeholders.

Household heads, parents, business owners, community workers, and representatives from Indigenous communities are a few examples of community-level stakeholders. Community stakeholders will have firsthand knowledge of how a problem impacts residents in the area on a daily basis. A typical corporation's investors, workers, clients, and suppliers make up its main stakeholders. The focal organisation, or study's focus, is a structured group with particular strategic and production goals that are supported by its mission, or raison d'être. Employees, clients, shareholders, suppliers, communities, and governments are typical examples of stakeholders.

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Customers, governmental bodies, regulatory agencies, labor unions, local communities, the global community, non-governmental organizations, and the media are just a few of the wide array of stakeholders.

Who are the stakeholders, exactly?

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Corporations have many of the same legal rights and duties as humans. They have the legal authority to enter into agreements, give and receive loans, file lawsuits, employ people, own property, and file taxes. A "legal person" can also refer to a corporation.

Thus, for legal support Option C is correct.

A corporation also referred to as a C corp, is a separate legal entity from its owners. Corporations are able to generate revenue, pay taxes, and face legal consequences. The strongest protection against personal liability is provided to owners by corporations, although forming a corporation is more expensive than creating other types of entities.

Corporate obligations may be of the financial, accounting, or legal variety. Corporate liabilities can result from bribery, false claims, embezzlement, insider trading, and breaking environmental regulations, among other things.

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Answer:

C. Corporation

Explanation:

When economists say that the demand for a product has increased, they mean that the consumers are willing and able to purchase more at any given price.

When an economist says that the demand for a specific commodity has increased, he or she wants to explain that the consumers or buyers are willing to consume further affair at the same price position, which is farther represented by a rightward shift in the demand wind.

In economics, demand depicts the nature and geste of a consumer when he makes buying opinions in the request. The law of demand is applicable for normal goods as it describes the downcast leaning wind for a product whose volume demanded increases with the drop in the price position and vice-versa.

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It is essential to understand the dates and the related percentages. The credit terms of 3/10, n/30 mean that the buyer can get a discount of 3% if they pay the purchase price within ten days of the purchase date.

The total amount must be paid within 30 days of the purchase date. In this scenario, Martin Company purchased 4,200 worth of merchandise on March 1 with credit terms of 3/10, n/30.

If the company pays on March 9, it is within ten days of the purchase date and can get a 3% discount. Therefore, the cost of the purchase will be calculated as follows:

Purchase price = 4,200
Discount = 3% of 4,200 = 126
Amount to be paid = Purchase price - Discount = 4,200 - 126 = 4,074
the cost of the purchase when Martin Company pays on March 9 is 4,074.

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