In light of the posed query According to trade, the property should be registered for 95,000 dollars.
What exactly does stock mean?In general, the ownership documents of any corporation are referred to as stocks. On the other side, a share alludes to a specific company's stock certificate. You become a stakeholder if you own shares of a certain corporation. Description: There are two sorts of stocks: common and preferred.
What are stocks and what kinds are there?Stocks are investments made in publicly traded companies. Common shares or preferred stock are the two major forms of stock that are frequently issued when a corporation sells shares of the company to the general public.
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normal vision accompanied by prosopagnosia best illustrates the distinction between
Normal vision accompanied by prosopagnosia best illustrates the distinction between automatic and conscious visual processing.
Normal vision is the ability to see objects clearly with good visual acuity, normal color vision, normal visual fields, and normal visual processing. The inability to distinguish or recognize human faces, on the other hand, is known as prosopagnosia. People with this condition are unable to recognize or remember the faces of their family members, friends, and even themselves. They may, however, be able to identify individuals using other features like their voice or unique traits.
The distinction between automatic and conscious visual processing is best illustrated by normal vision accompanied by prosopagnosia. Visual processing can be divided into two categories: automatic and conscious. Automatic visual processing happens unconsciously and without effort. When you look at a face, for example, your brain processes the information quickly and effortlessly to recognize it. Conscious visual processing, on the other hand, is a slower process that requires attention and effort.
When someone has prosopagnosia, their automatic visual processing for faces is disrupted, but their conscious visual processing remains intact. As a result, they may be able to recognize someone they know by paying close attention to specific details like hair or clothing. In contrast, automatic visual processing happens quickly and unconsciously, without any need for conscious effort.
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the likelihood that a decision maker will ever receive a payoff precisely equal to the emv when making any one decision is:
The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is Low (near 0%).
A technological standard for smart payment cards, payment terminals, and ATMs that can accept them is the foundation of the EMV payment mechanism. The three businesses that developed the standard, "Europay, Mastercard, and Visa," are referred to as EMV.
EMV cards are smart cards, also known as chip cards, integrated circuit cards, or IC cards. These cards also include magnetic stripes for backward compatibility and store their data on integrated circuit chips. These comprise both contactless cards that can be read at a close range utilizing near-field communication technology as well as cards that need to be manually inserted or "dipped" into a reader.
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(Compound annuity) What is the accumulated sum of each of the following streams of payments?
$500 a year for 10 years compounded annually at 5 percent
$100 a year for 5 years compounded annually at 10 percent
$35 a year for 7 years compounded annually at 7 percent
$25 a year for 3 years compounded annually at 2 percent
The accumulated sum of each of the following streams of payments is 1. $6,386.16. 2. $671.00. 3. $310.57. 4. $77.53.
To find the accumulated sum of each of the following streams of payments, we'll use the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^t - 1] / r
Where:
FV = Future Value
P = Annual payment
r = Interest rate per period
t = Number of periods
1) $500 a year for 10 years compounded annually at 5 percent
FV = 500 * [(1 + 0.05)^10 - 1] / 0.05
FV ≈ $6,386.16
2) $100 a year for 5 years compounded annually at 10 percent
FV = 100 * [(1 + 0.10)^5 - 1] / 0.10
FV ≈ $671.00
3) $35 a year for 7 years compounded annually at 7 percent
FV = 35 * [(1 + 0.07)^7 - 1] / 0.07
FV ≈ $310.57
4) $25 a year for 3 years compounded annually at 2 percent
FV = 25 * [(1 + 0.02)^3 - 1] / 0.02
FV ≈ $77.53
To summarize:
1. $500 a year for 10 years compounded annually at 5 percent accumulates to $6,386.16.
2. $100 a year for 5 years compounded annually at 10 percent accumulates to $671.00.
3. $35 a year for 7 years compounded annually at 7 percent accumulates to $310.57.
4. $25 a year for 3 years compounded annually at 2 percent accumulates to $77.53.
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Why Is Decission Necesarry?
Answer:
Our decisions affect people. Nearly every decision we make will affect different people in one way or another. It's important to be aware of the influence our decisions will have, and understand what the "human cost" will be. The decisions we make demonstrate our values.
Explanation:
is this what you were looking for
According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
Multiple Choice
a. the infant industry argument
b. market imperfections theory
c. internalization theory
d. the eclectic paradigm
e. Knickerbocker's theory
The correct option d. the eclectic paradigm. According to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
Explain about the foreign direct investment?The goal of obtaining a long-term interest in a company located in another economy by an investor from one economy is reflected in the type of international investments known as foreign direct investment (FDI).
For instance, a US business may buy stock in a foreign firm that provides it with all the raw resources it requires. A corporation invests together in foreign company that is irrelevant to its main business in a conglomerate FDI.Economic theory, also referred to as the OLI model as well as OLI framework, is the eclectic paradigm. It gets over the drawbacks of fragmentary theories of global production and offers a comprehensive framework in which alternative and related theories of global production can coexist.Thus, according to the "eclectic paradigm," location-specific benefits play a significant role in describing the motivation behind and course of foreign direct investment.
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..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here
Answer:
yuh :)
Explanation:
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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There is a 20 percent probability the economy will boom, 70 percent probability it will be normal, and a 10 percent probability of a recession. Stock A will return 18 percent in a boom, 11 percent in a normal economy, and lose 10 percent in a recession. Stock B will return 9 percent in boom, 7 percent in a normal economy, and 4 percent in a recession. Stock C will return 6 percent in a boom, 9 percent in a normal economy, and 13 percent in a recession. What is the expected return on a portfolio which is invested 20 percent in Stock A, 50 percent in Stock B, and 30 percent in Stock C?a.) 8.25%b.) 9.50%c.) 7.40%d.) 8.33%e.) 9.45%
I wanna see how quick ya'll answer. Tell me if your answer quickly only because of the points if not the points give me another reason.
Answer:
thanks for this
Explanation:
because the points <3
Answer:
Hey babe why you not answering? :(
Explanation:
Consider the wage of Gabriel, which is presently $22 per hour, but was $20 five years ago. Inflation rates for the past 5 years were 2.5%,1.9%,2.2%,2.7%, and 3.1% a) In real tems, does Gabriel now earn more or less than 5 years ago? b) How much was the inflation rate over the entire 5-year period? c) If the CPI was 112.5 in the first year, how much is it today? d) Suppose Alexander and Sophia meet with Morgan, their banker, to work out the details of a mortgage. They all expect that inflation will be 2% over the term of the loan, and they agree on a nominal itterent rato of 7%, As it turas out, the inflation rate is 3 percent over the term of the loan. What was the expected real interest rate? What was the actual real interest rate? Who benefitted and who lost because of the unexpected inflation?
a) Gabriel earns less in real terms than 5 years ago due to inflation.
b) The inflation rate over the 5-year period is 12.5%, calculated as the product of individual inflation rates.
a) In real terms, Gabriel earns less than 5 years ago because the wage increase of $2 ($22 - $20) does not fully compensate for the cumulative inflation over the period.
b) The inflation rate over the entire 5-year period can be calculated by multiplying the individual inflation rates: 1.025 * 1.019 * 1.022 * 1.027 * 1.031 = 1.125. So, the inflation rate over the 5-year period is 12.5%.
c) If the CPI was 112.5 in the first year and the inflation rate over the 5-year period is 12.5%, the current CPI would be 112.5 * 1.125 = 126.56.
d) The expected real interest rate was 7% - 2% = 5%, assuming an expected inflation rate of 2%. The actual real interest rate was 7% - 3% = 4%, given the actual inflation rate of 3%.
Borrowers like Alexander and Sophia benefitted from unexpected inflation, while lenders like Morgan experienced a loss in real terms.
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what is correspondence in business. Briefly explain the qualities of a good letter
Answer:
Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence refers to the written communication between persons
Which of the following refers to business activities that change the accounting equation?
A) transactions
B) liabilities
C) purchases
D) on account
Answer:
A
Explanation:
select the statement that best applies to the shape of the coca-cola bottle. a.) this shape is an example of a service mark. b.) this shape likely cannot be trademarked. c.) this shape is an example of a certification mark. d.) this shape is an example of trade dress.
The statement that best applies to the shape of the coca-cola bottle is this shape likely cannot be trademarked. Thus the correct option is B.
What is a trademark?An easily recognizable sign, design, or expression that distinguishes one product from another is what defines a trademark which is a sort of intellectual property. A trademark often safeguards brand names and emblems applied to products and services.
An EU court concluded that Coca-Cola bottles lack sufficient distinctiveness to be registered, dismissing a challenge made by the American beverage empire against the EU's trademark enforcement body.
Therefore, option B is appropriate.
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Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2017:
May 1 Purchased new equipment, paying cash of $14,300 and signing a 90-day note payable for the balance of $35,000.
2 Purchased 12 months of insurance to begin May 2; paid $25,800.
3 Completed a fitness contract for a group of clients today and received $6,300.
4 Purchased office supplies on account; $3,900.
6 Returned to the supplier $780 of defective office supplies purchased on May 4.
10 Provided services to a client today on account; $11,800.
15 Paid for the May 4 purchase less the return of May 6.
20 Received payment from the client of May 10.
25 Received cash of $2,800 from a client for work to be done in June.
31 Paid month-end salaries of $50,000.
31 Paid the May telephone bill today; $2,400.
31 Received the May electrical bill today; $3,400. It will be paid on June 15.
Required:
Prepare journal entries for each of the above transactions
The Debit and Credit balance of the transaction will come to $153680.
Debit new equipment and credit cash amount 49300
Debit insurance and credit cash amount $25800
Debit cash and credit contract amount $6300
Debit office supplies and credit bank amount $3900
Debit cash and credit Purchase return amount of $780
Debit bank and credit services amount to $11800
Debit salaries and credit bank amount $50000
Debit telephone bill and credit bank amount of $2400
Debit electricity bill and credit bank amount of $3400
A documented entry for a made or unpaid payment is referred to as a debit. In a ledger account, a debit entry is often made on the left side. So, with a double-entry system, when a transaction happens, one account is debited and another account is credited.
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Acme widgets had an order to process 250 widgets. The first unit required 200 minutes to assemble. Before starting, the company estimated the amount of time it would require to assemble all 250 widgets if they learned at an 85% rate. After assembling all 250 widgets, acme realized they had learned at an 80% rate. How much time less than their estimate did acme take? you should be able to compute the answer within plus or minus 2 hours.
If Acme widgets had an order to process 250 widgets. The first unit required 200 minutes to assemble. After assembling all 250 widgets, acme realized they had learned at an 80% rate. How much time less than their estimate did acme take is: 91.2 hours.
TimeFirst step
Using the cumulative unit table to determine the range
Range=88.83-61.47
Range=27.36
Second step is to calculate the minutes requires to assemble
Number of minutes=27.36×200 minutes
Number of minutes= 5472
Third step is to calculate how much time less than their estimate did acme take
Time=5472/60
Time=91.2
Therefore If Acme widgets had an order to process 250 widgets. The first unit required 200 minutes, the company estimated the amount of time it would require to assemble all 250 widgets . After assembling all 250 widgets, acme realized they had learned at an 80% rate. How much time less than their estimate did acme take is: 91.2 hours.
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which breed classification produces wool fibers with a small fiber diameter and are known for their flocking instincts?
The breed classification that produces wool fibers with a small fiber diameter and is known for their flocking instincts is the "fine-wool" breed. Fine-wool breeds.
Such as Merino sheep, have wool fibers with a small diameter, typically less than 24 microns. They are highly prized for their softness and fineness, making them ideal for producing high-quality textiles. Additionally, fine-wool breeds exhibit strong flocking instincts, which means they have a natural tendency to stay together in a group. This flocking behavior helps protect them from predators and allows for efficient herding and management by shepherds. The breed classification that produces wool fibers with a small fiber diameter and is known for their flocking instincts is the "fine-wool" breed. Fine-wool breeds.
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he complete income statement is separated into the following sections: multiple select question. discontinued segments discontinued operations continuing operations earnings per share
The complete income statement is a financial statement that provides a summary of a company's revenues, expenses, and profits over a specified period. It is divided into several sections, including discontinued segments, discontinued operations, continuing operations, and earnings per share.
Discontinued segments refer to any part of a company's business that has been or is being discontinued. This may include the sale of a subsidiary, the closure of a department, or the discontinuation of a particular product line.
Discontinued operations, on the other hand, refer to any part of a company's business that has been sold, closed, or abandoned. This section of the income statement reports the net income or loss from these discontinued operations.
Continuing operations refer to any part of a company's business that is ongoing. This section of the income statement reports the revenues and expenses related to the company's ongoing operations.
Finally, earnings per share (EPS) is a metric that shows how much profit a company has generated per share of its common stock. EPS is calculated by dividing a company's net income by the number of shares outstanding.
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An income statement, a crucial financial document in business, includes sections for discontinued operations, continuing operations, and earnings per share. Each section plays a vital role in representing a company's current financial status and predicting its future profitability.
Explanation:An income statement is a financial document used in business that displays a company's profitability over a specific period of time. It is segmented into a few sections, including discontinued operations, continuing operations, and earnings per share. An income statement may or may not include a section for discontinued segments, depending on whether the business has phased out any of its operations during the period being reported.
Discontinued operations are parts of a company's business that it has decided to stop as a strategic decision. These are operations that the company does not expect to continue in the foreseeable future. This information is separated on the income statement because it is not indicative of the company's ongoing profitability.
Continuing operations includes the revenues, expenses, and profit or losses that are likely to continue in future periods. This component of the income statement is helpful to stakeholders because it aids in predicting the company's future financial performance.
Earnings per share (EPS) is a section of the income statement that shows the portion of a company's profit allocated to each outstanding share of common stock. EPS is an important measure of a company's profitability and is often used by investors to compare financial performance between companies.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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In a private company's accounting system, inputs are __________ and outputs are _________. Multiple Choice marketing strategy-type information; sales data results of surveys on consumer satisfaction; accounts payables transactions such as sales, payroll, and other expenses; financial statements transactions such as the cash flow statement; payroll taxes
Answer:
Explanation:
transactions such as sales, payroll, and other expenses; financial statements
The correct answer is Inputs are accounts payables transactions such as sales, payroll, and other expenses; outputs are financial statements transactions such as the cash flow statement.
Here is a breakdown of the answer:
Inputs: These are the data that are entered into the accounting system. In a private company's accounting system, the inputs would typically include accounts payables transactions, such as sales, payroll, and other expenses.
Outputs: These are the reports and documents that are generated from the accounting system. In a private company's accounting system, the outputs would typically include financial statements, such as the cash flow statement.
The other options are not correct because they are not typically included in a private company's accounting system.
For example, marketing strategy-type information and results of surveys on consumer satisfaction is typically not included in the accounting system. Payroll taxes are also not typically included in the accounting system, as they are usually handled by a separate department.
Thus , accounts payables transactions and financial statements transaction is the correct options.
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Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA
For long term success, what type(s) of motivation is/are necessary? a. intrinsic b. extrinsicc. mostly extrinsicd. intrinsic and extrinsic
a. intrinsic type(s) of motivation is/are necessary.
How long-term is intrinsic motivation?The findings demonstrated the long-term and potent boosting effects of intrinsic drive on later academic achievement, self-efficacy, identity, and course effort.
In contrast, the indicated motive could be context-sensitive and so open to change in the long-term outcomes.
There is evidence to support the claim that intrinsic motivation produces the best results in the majority of cases.
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lolLloleoreniiwkv ibyuerw
true or false: citations should be used throughout your business report.
True. Citations should be used throughout your business report. Including citations in your report is essential for several reasons.
First, it helps to establish the credibility of your arguments and claims by providing evidence and supporting information from reputable sources. By including citations, you demonstrate that your report is based on thorough research and reliable information. This enhances the overall validity and professionalism of your work.
Second, citations also serve to acknowledge and give credit to the original authors or sources of the information you have used. It is important to provide proper attribution for ideas, theories, data, or any other content that you have borrowed from other sources. This not only shows respect for intellectual property rights but also ensures academic integrity and ethical conduct.
Including citations throughout your business report is necessary to support your arguments, establish credibility, and provide proper attribution to the original sources. This practice enhances the quality and validity of your work while demonstrating professionalism and ethical research conduct.
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Tonya lives in Texas. On a trip to Kansas her car broke down in Oklahoma. She used a gas station bathroom but did not buy gas. When she got to Kansas she refueled her vehicle and attended her conference where she ate food and purchased a trinket. She paid a sales tax on the trinket. On her way back she detoured to Colorado and marveled at the beauty of the bighorn sheep and the North American river otter. In which states was Tonya a free rider?
Answer:
Oklahoma (used a gas station bathroom but didn't by gas)
Explanation:
A free rider is someone that benefits from using a service or a product but that doesn't pay for it. E.g. a person that lives in city A and travels to city B and uses public parks. The parks are financed through taxes paid by residents of city B, since you pay your taxes in city A, you are a free rider in city B.
Her trip to Colorado wouldn't be considered a free ride since the bighorn sheep and the river are things that occur naturally and no one paid to make them.
How long would it take for Tebogo's investment of R10 000 to grow to R20 000 if it earned 8% interest per annum? 1. 1.82 years 2. 1.99 years 3. 2.0 years 4. 9.01 years
The answer is 2.0 years. In just two years, Tebogo's investment of R10 000 will grow to R20 000 if it earns 8% interest per annum.
The formula for calculating compound interest is A = P(1+r/n)^nt where A is the final amount, P is the principal amount, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
Solving for t, we get t = (log(A/P))/(n*log(1+r/n)). Using this formula, we can calculate that it will take Tebogo 2 years to double his investment at 8% interest compounded annually.
Therefore, the answer is 2.0 years. This means that after two years, Tebogo's investment will be worth R20 000, which is a 100% return on his investment.
It's important to note that the higher the interest rate or the more frequently interest is compounded, the faster an investment will grow.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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With reference to theories of growth, discuss the implications of capital accumulation and technological progress for a country’s long-run economic growth.
Capital accumulation and technological progress are two crucial factors that significantly impact a country's long-run economic growth, as explained by various theories of growth.
Capital Accumulation:
Capital accumulation refers to the increase in physical and human capital stock within an economy. It involves investing in productive assets, such as infrastructure, machinery, and education, which enhance productivity and output levels. The implications of capital accumulation for long-run economic growth are as follows:
1) Increased Production Capacity: Capital accumulation allows a country to expand its production capacity, leading to higher levels of output and economic growth. More capital means more tools, equipment, and technology available to workers, enabling them to produce more efficiently.
2) Enhanced Labor Productivity: Adequate capital accumulation leads to improved labor productivity. Workers with access to modern machinery and technology can produce more output per unit of time, increasing overall economic efficiency and growth.
3) Diminishing Returns: However, it is important to note that the impact of capital accumulation on economic growth is subject to diminishing returns. Initially, the addition of capital leads to significant productivity gains, but as the capital stock increases, the marginal returns diminish. This underscores the importance of technological progress as a complementary factor.
Technological Progress:
Technological progress refers to advancements and innovations that lead to improved production methods, new products, or increased efficiency. It can occur through research and development, knowledge accumulation, and the adoption of new technologies. The implications of technological progress for long-run economic growth are as follows:
1) Productivity Growth: Technological progress is a key driver of productivity growth. New technologies and innovations enable more efficient production processes, which increase output levels without requiring a corresponding increase in inputs. This sustained productivity growth contributes to long-run economic growth.
2) Structural Change: Technological progress often leads to structural changes in an economy. Industries and sectors that embrace technological advancements tend to experience higher growth rates, while those resistant to change may face challenges. Technological progress can drive economic transformation and the emergence of new industries, fostering overall growth.
3) Spillover Effects: Technological progress often has positive spillover effects throughout the economy. When one firm or industry adopts new technologies, it can lead to knowledge diffusion, knowledge spillovers, and subsequent productivity gains in related sectors. This amplifies the impact of technological progress on overall economic growth.
In conclusion, both capital accumulation and technological progress play vital roles in a country's long-run economic growth. Capital accumulation increases production capacity and labor productivity, but its impact diminishes over time. Technological progress, on the other hand, drives sustained productivity growth, structural change, and spillover effects, enabling economies to achieve higher levels of growth and development.
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Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $405,000; Allowance for Doubtful Accounts has a debit balance of $3,500; and sales for the year total $1,820,000. Bad debt expense is estimated at 1/4 of 1% of sales. 1. Determine the amount of the adjusting entry for uncollectible accounts.2. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense 3. Determine the net realizable value of accounts receivable.
The amount of the adjusting entry for uncollectible accounts can be calculated by multiplying the sales for the year by the estimated bad debt expense rate. In this case, the bad debt expense is estimated at 1/4 of 1% of sales.
Sales * Bad debt expenditure rate = Bad debt expense
Bad debt expense = $1,820,000 * (1/4) / 100
Bad debt expense = $4,550
Therefore, the amount of the adjusting entry for uncollectible accounts is $4,550.
We must consider the current balances as well as the adjusting entry to obtain the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expenses.
Accounts Receivable:
Adjusted balance = Beginning balance + Sales - Collections
Adjusted balance = $405,000 + $1,820,000 - Collections (unknown)
Allowance for Doubtful Accounts:
Adjusted balance = Beginning balance + Adjusting entry
Adjusted balance = $3,500 + $4,550
Adjusted balance = $8,050
Bad Debt Expense:
Adjusted balance = Adjusting entry
Adjusted balance = $4,550
The net realizable value of accounts receivable is calculated by deducting the Allowance for Doubtful Accounts from the Accounts Receivable.
Net realizable value = Accounts Receivable - Allowance for Doubtful Accounts
Net realizable value = $405,000 - $8,050
Net realizable value = $396,950
Therefore, the net realizable value of accounts receivable is $396,950.
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ESTIMATING COSTS
ACTIVITY 1- Scenario: Margaret has recently opened up her own
Beauty Salon in Abu Dhabi. She has been operating for the last 6
months as a sole trader.
List Margaret's costs for her business below:
Fast plz
Answer:
Opening your own hair salon is a milestone for any hairdresser. You may be wanting to open a salon so that you are self-employed. You may also be wanting to provide your own clients with services that align with your vision of what a hairdressing experience should be. However, opening a hairdressing salon is a big responsibility, even if you have previous experience in the hairdressing industry.
One of the most important things you will need to consider when planning to open a hairdressing salon is how to structure your business. Your business structure is the legal framework of your business. It has the potential to reduce your exposure to financial risk and enable flexibility for growth. The wrong business structure for a new business may be costly and may not be suited to your business goals. This article considers four popular business structures and their suitability for hairdressing businesses.
1. Sole Trader
If you are starting a hairdressing salon on your own or are wanting to freelance, you may choose to operate as a sole trader. As a sole trader, you will have full control and autonomy of the running your business. This structure is usually relatively easy and cheap to set up. It also has minimal legal formalities.
To set up as a sole trader, you will need an Australian Business Number (ABN). If you intend to trade under your own name, then you don’t need to register a business name. However, if you plan to operate under a different name, you simply need to register a business name with the Australian Securities and Investments Commission (ASIC).
Although it has an easy setup, this structure does come with risk. If any of your clients sue you or you incur any debts, you will be personally responsible. This means that if you can not repay these debts from the funds of the business, you will have the repay the debt from your own personal finances.
Also, as a sole trader, you have limited resources available to fund the growth of your business. You will need to rely on:
personal savings;
loans; and
business profits.
You cannot raise funds from the general public. Being a sole trader may also not be the most tax-effective decision. This is because a sole trader is liable to the same tax rate applicable to individual taxpayers on income earned. You should check this with an accountant or tax lawyer.
2. Partnership
If you plan to open your hairdressing salon with one or more business partners, you may choose to enter into a partnership. Similar to a sole trader, the setup is simple and has minimal upfront costs. You will require an ABN for the partnership and most partnerships also register a business name.
It is also important for the partners to enter into a partnership agreement. This agreement governs the relationship between partners and sets out key terms, which may describe:
how the business will be managed;
how the profits will be shared;
who will fund the partnership;
how you or your partners can sell your share in the business; and
the process for managing disputes.
However, setting up a partnership also comes with risks. Like a sole trader, if someone sues you or you go into debt, your personal assets and finances will be at risk.
Additionally, partnerships involve joint liability. Therefore, you may be personally liable for business debts owed by any of the other partners. The amount owed is not divided proportionally according to your percentage of ownership in the business, so you could be responsible for paying the entire amount.
Like a sole trader, you cannot raise funds from the general public to fund the growth of your business. You will need to rely on:
the savings of each partner;
loans; or
business profits.
However, unlike a sole trader, you can look to bring on more partners to increase the pool of funds available for the business.
3. Company
Whether you are operating your hairdressing salon on your own or with other business partners, you may decide to operate as a company. A company is a separate legal entity. This means it is capable of suing and being sued. It also holds assets in its own name and can enter into contracts in its own name.
There are two key players involved in the management of a company. These are shareholders and directors. As the founder of your business, you will usually be both a shareholder and a director of the company that you establish. Any other business partners may also take on these roles.
hope it helps
Three attraction places found in SA
Answer:
The Garden Route
The Cape Town