Bank Reconciliation as of July 31:
Adjusted cash balance per books: $6,240.00
Add: Deposits in transit: $1,294.30
Less: Outstanding checks: $1,933.10
Less: NSF check: $675.00
Adjusted cash balance per bank: $7,226.20
List items that increase balance as per bank & books first:
Deposits in transit: $1,294.30
Electronic funds transfer received: $1,620.00
List items that decrease balance as per bank & books first:
Outstanding checks: $1,933.10
NSF check: $675.00
Bank service charge: $24.00
Error in recording check No. 2480: $9.00
Adjusting entries at July 31:
To record electronic funds transfer received by bank:
Debit Cash $1,620.00
Credit Accounts Receivable $1,620.00
To record NSF check:
Debit Accounts Receivable $675.00
Credit Cash $675.00
To correct error in recording check:
Debit Accounts Payable $9.00
Credit Cash $9.00
To record bank service charge:
Debit Bank Service Charge Expense $24.00
Credit Cash $24.00.
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What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
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A population of insects increases at a rate of 1. 5% per day. About how long will it take the population to double?.
According to the given statement it will take about 46.5 days for the population of insects to double, assuming that the growth rate remains constant.
To answer this question, we need to use the formula for exponential growth, which is:
Nt = N0 * e^(rt)
Where Nt is the final population, N0 is the initial population, e is the mathematical constant approximately equal to 2.71828, r is the growth rate (expressed as a decimal), and t is the time (in days).
In this case, we know that the population increases at a rate of 1.5% per day, or 0.015 as a decimal. We also know that we want to find out how long it will take the population to double, which means that Nt = 2*N0.
Substituting these values into the formula, we get:
2*N0 = N0 * e^(0.015t)
Dividing both sides by N0 and taking the natural logarithm of both sides, we get:
ln(2) = 0.015t
Solving for t, we get:
t = ln(2)/0.015 ≈ 46.5 days
So, it will take about 46.5 days for the population of insects to double, assuming that the growth rate remains constant. Answer more than 100 words.
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Contests, lotteries, and other competitions involving prizes are examples of offers to form unilateral contracts. If a person complies with the rules of the contest - such as by submitting the right lottery number at the right place and time - a unilateral contract is formed.
Unilateral contract offers include those made in contests, lotteries, and other competitions with prizes. Here option A is the correct answer.
In a unilateral contract, one party (the offeror) promises to pay or provide something if the other party (the offeree) performs a specific act or fulfills a certain condition. In the case of contests and lotteries, the offeror typically promises to provide a prize to the offeree who successfully complies with the rules of the competition.
When a person complies with the rules of the contest, such as by submitting the right lottery number at the right place and time, a unilateral contract is formed. The person who complies with the terms of the contest becomes the offeree who is entitled to receive the prize, and the offeror becomes legally bound to provide the prize to the offeree.
It is important to note that the rules and regulations of the contest or lottery must be clear, unambiguous, and not in violation of any laws or regulations. Moreover, the offeror must have the intention to create a legally binding contract with the offeree. Otherwise, the contest or lottery may be considered an illegal gambling activity.
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Complete question:
Contests, lotteries, and other competitions involving prizes are examples of
A - offers to form unilateral contracts.
B - If a person complies with the rules of the contest
C - such as by submitting the right lottery number at the right place and time
D - a unilateral contract is formed.
What is the purpose of an internal analysis?A. to uncover the competitive strengths of a firm from its actual behavior (rather than espoused or emergent strategy)B. to understand the external environment of a firmC. to identify the strategic group of the firmD. to conduct a financial analysis on the firm
The purpose of an internal analysis is to uncover the competitive strengths of a firm from its actual behavior (rather than espoused or emergent strategy). The correct option is (A). An internal analysis helps a firm to understand its resources, capabilities, and core competencies.
By doing so, the firm can gain insights into its strengths and weaknesses, which is crucial for developing and executing effective business strategies.An internal analysis involves evaluating the firm's value chain, including primary and support activities, to identify areas of efficiency, effectiveness, and competitive advantage. It also includes assessing the firm's organizational structure, culture, and management systems to ensure they support the firm's objectives.
Unlike an external analysis, which focuses on the external environment of the firm and identifies opportunities and threats, an internal analysis is concerned with the firm's internal factors that can be controlled and managed. It does not involve identifying the strategic group of the firm (option C) or conducting a financial analysis on the firm (option D).
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True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
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in the traditional systems development life cycle, end users: group of answer choices contribute only during testing. contribute heavily throughout development. are limited to providing information requirements and reviewing the technical staff's work. have no input. are important only during the conversion phase.
In the traditional systems development life cycle, end users contribute heavily throughout development.
In the traditional systems development life cycle (SDLC), end users play a significant role and contribute throughout the development process. They are not limited to just testing or specific phases but actively participate in different stages of the SDLC.
End users are involved from the early stages of gathering requirements, where they provide valuable insights and information about their needs and expectations from the system. They collaborate with the development team to ensure that the system aligns with their requirements and addresses their business processes effectively.
Throughout the development phase, end users continue to provide input by reviewing and evaluating the prototypes, design specifications, and functional requirements. Their feedback and involvement help in refining the system design and functionality.
During testing, end users play a crucial role by conducting user acceptance testing (UAT) to validate the system against their expectations and requirements. They provide feedback, identify issues, and ensure that the system meets their needs before its implementation.
In summary, end users in the traditional SDLC contribute heavily throughout the development process, from requirement gathering to design, development, and testing phases. Their active involvement ensures that the system is aligned with their needs and achieves the desired outcomes.
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No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check
Answer:
prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?
Explanation:
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of
Answer:
The answer is "credibility".
Explanation:
In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.
People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.
Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend to show a high level of expertise in a specific field.A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure of Credibility.
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the concurrency control protocol in which transactions hold their exclusive locks until commit is called
The concurrency control protocol in which transactions hold their exclusive locks until commit is called "Lock-Based Concurrency Control." In this protocol, when a transaction accesses a data item.
The transaction retains its locks until it completes and commits or aborts. Holding the locks until commit ensures that the transaction maintains exclusive access to the data, preventing conflicts and ensuring data integrity. However, this approach can lead to lock contention and potential delays if multiple transactions are waiting for the same data item. In this protocol, when a transaction accesses a data item, it acquires an exclusive lock on that item, preventing other transactions from accessing or modifying it until the lock is released.
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"A pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day. The minimum maintenance margin requirement is:"
Answer:
C. $50,000
Explanation:
These are options for the question;
maintenance margin requirement is:
A. 0
B. $25,000
C. $50,000
D. $100,000
From the question, we were told that a pattern day trading account has a high market value during the day of $200,000 and has a "0" position at the end of the day.
There is a standard of minimum margin rule by FINRA for market value and this minimum margin is either the same or more than 25% , or more than a value of $25,000,
But we are given a high market value of $200,000 thenThen the minimum maintenance margin requirement is:"
$200,000 x 25%
= $200,000×(25/100)
= $50,000
Information systems in business can be divided into _____________________ support system and ______________________ support system.
Consequently, operations support systems and management support systems can be used to categorize information systems in the corporate world.
Transaction processing systems, management information systems, decision-support systems, and executive support systems are the four most prevalent forms of information systems. There are six main types of information systems. After covering the fundamentals, let's examine the six main categories of information systems.
Although this list is not exhaustive, most corporations and organizations have the following six information systems, each of which supports a distinct organizational level. Information systems come in many different forms, including database management systems, transaction processing systems, decision support systems, knowledge management systems, learning management systems, and office information systems.
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Kasravi co. Had net income for 2013 of shs 400,000.The average number of shares outstanding for the period was 200,000 shares
Answer:
$1.98
Explanation:
Calculation for should Kasravi Co. report for diluted earnings per share for the year ended 2013
First step is to calculate the Proceeds amount
Proceeds = 12000 × $30
Proceeds = $36,000
Second step is to calculate the Shares assumed purchased
Shares assumed purchased= ($36,000 ÷ $36)
Shares assumed purchased = 10000 shares.
Third step is to calculate the Incremental share issued
Incremental share issued (12000 - 10000)
Incremental share issued = 2000 shares
Now let calculate the diluted earnings per share for the year ended 2013 using this formula
Diluted earnings per share = (Net income ÷ Average Weighted shares + incremental share issued))
Let plug in the formula
Diluted earnings per share = ($400,000 ÷ (200,000 shares +2000 shares))
Diluted earnings per share= $400,000 ÷ 202,000 shares
Diluted earnings per share= $1.98
Therefore The amount that Kasravi Co. Should report for diluted earnings per share for the year ended 2013 is $1.98
At the end of 2023, Payne Industries had a deferred tax asset account with a balance of $25 million attributable to a temporary book-tax difference of $100 million in a liability for estimated expenses. At the end of 2024, the temporary difference is $64 million. Payne has no other temporary differences and no valuation allowance for the deferred tax asset. Taxable income for 2024 is $180 million and the tax rate is 25%. Required: Prepare the journal entry(s) to
The journal entries reflect the changes in deferred tax assets and temporary differences, as well as the income tax expense for 2024.
To prepare the journal entry(s) for the given scenario, we need to consider the changes in the deferred tax asset balance and the temporary difference.
At the end of 2023:
Deferred tax asset (DR) $25 million
Income tax expense (CR) $25 million
At the end of 2024:
Temporary difference reduction (CR) $36 million
Deferred tax asset reduction (CR) $36 million
Income tax expense for 2024:
Taxable income (DR) $180 million
Deferred tax asset (CR) $25 million
Income tax payable (CR) $155 million
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bubbly waters currently sells 440 class a spas, 590 class c spas, and 340 deluxe model spas each year. the firm is considering adding a mid-class spa and expects that if it does, it can sell 515 units per year. however, if the new spa is added, class a sales are expected to decline to 295 units while the class c sales are expected to increase to 615. the sales of the deluxe model will not be affected. class a spas sell for an average of $14,700 each. class c spas are priced at $7,400 and the deluxe models sell for $18,400 each. the new mid-range spa will sell for $9,400. what annual sales figure should you use in your analysis?
The annual sales figure to use in the analysis is $75,702,000 before adding the mid-class spa and $59,751,000 after adding the mid-class spa.
To determine the annual sales figure that should be used in the analysis, we need to calculate the expected revenue from each product line before and after adding the mid-class spa.
Before adding the mid-class spa,
the revenue generated by class A spa is $14,700 x 440 = $65,180,000;
the revenue generated by class C spas is $7,400 x 590 = $4,326,000;
the revenue generated by deluxe model spas is $18,400 x 340 = $6,196,000.
The total revenue generated is $65,180,000 + $4,326,000 + $6,196,000 = $75,702,000.
After adding the mid-class spa,
the revenue generated by class A spa is $14,700 x 295 = $43,215,000;
the revenue generated by class C spas is $7,400 x 615 = $4,499,000;
the revenue generated by the deluxe model spas is still $18,400 x 340 = $6,196,000
the revenue generated by the mid-class spas is $9,400 x 515 = $4,841,000.
The total revenue generated is $43,215,000 + $4,499,000 + $6,196,000 + $4,841,000 = $59,751,000.
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show the vegetable market of nepal in pyramid
Due to massive increases in agriculture and production area over the last two decades, per capita vegetable consumption has increased to 105 kg from 60 kg. Nepal has reported 3,243,521 vegetable holdings. Vegetable crops are grown on a total of 232,295 hectares of cultivable land.
What is market?A market is a collection of systems, institutions, procedures, social relations, or infrastructures through which parties exchange goods and services. While parties can barter for goods and services, most markets rely on sellers offering their goods or services to buyers in exchange for money. The exchange of goods and services that occurs as a result of buyers and sellers coming into contact with one another, either directly or through mediating agents or institutions, is referred to as a market.A market is defined as the total number of buyers and sellers in the area or region under consideration. The area could be the entire planet, a country, a region, a state, or a city.To learn more about market, refer to:
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an invester buys 100000, 10% corporate bond maturing in 2030 for 125000. the bond is callable starting in the year 2020. what is the most appropriate measure for calculating yield?
Answer:
C. Yield to Call
Explanation:
As the investor pays $125,000 for 10% having a face value of $100,000 so it seems that there is a premium of 25% in the bond. Now in the case when the bond is called before to the maturity that occurs when the market rate is less than the coupon rate. Also the same is shown in the question
So for determining the yield, the best way measure and appropriate is yield to call
Oxicon Incorporated manufactures several different types of candy for various retail stores. The accounting manager has requested that you determine the sales dollars required to break even for next quarter based on past financial data. Your research tells you that the total variable costs will be $400,000, total sales will be $800,000, and fixed costs will be $110,000. What is the breakeven point in sales dollars? (Do not round intermediate calculations.)
The breakeven point in sales dollars for Oxicon Incorporated is $220,000.
Detailed explanation:
To do this, we will use the information provided: variable costs of $400,000, fixed costs of $110,000, and total sales of $800,000. The breakeven point is when total revenue equals total costs (both fixed and variable).
Step 1: Calculate the contribution margin ratio.
Contribution Margin Ratio = (Total Sales - Total Variable Costs) / Total Sales
Contribution Margin Ratio = ($800,000 - $400,000) / $800,000
Contribution Margin Ratio = $400,000 / $800,000
Contribution Margin Ratio = 0.5
Step 2: Calculate the breakeven point in sales dollars.
Breakeven Point = Fixed Costs / Contribution Margin Ratio
Breakeven Point = $110,000 / 0.5
Breakeven Point = $220,000
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You may need to use the appropriate appendix table to answer this question.
Given that z is a standard normal random variable, find z for each situation. (Round your answers to two decimal places.)
(a) The area to the left of z is 0.9750.
(b) The area between 0 and z is 0.4750.
(c) The area to the left of z is 0.7486.
(d) The area to the right of z is 0.1210.
(e) The area to the left of z is 0.7088.
(f) The area to the right of z is 0.2912.
To find the values of z for each situation, we can use a standard normal distribution table or a calculator with a built-in function for the standard normal distribution. Here are the calculations:
(a) The area to the left of z is 0.9750.
Using a standard normal distribution table or a calculator, we find that z ≈ 1.96.
(b) The area between 0 and z is 0.4750.
To find the z-value for an area of 0.4750, we need to find the z-value for half of this area. Half of 0.4750 is 0.2375. Using a standard normal distribution table or a calculator, we find that z ≈ 0.73.
(c) The area to the left of z is 0.7486.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.69.
(d) The area to the right of z is 0.1210.
Since the area to the right is given, we need to find the z-values for the area to the left of 1 - 0.1210 = 0.8790. Using a standard normal distribution table or a calculator, we find that z ≈ 1.17.
(e) The area to the left of z is 0.7088.
Using a standard normal distribution table or a calculator, we find that z ≈ 0.54.
(f) The area to the right of z is 0.2912.
Since the area to the right is given, we need to find the z-value for the area to the left of 1 - 0.2912 = 0.7088. Using a standard normal distribution table or a calculator, we find that z ≈ -0.54.
Rounding the values to two decimal places, the solutions are:
(a) z ≈ 1.96
(b) z ≈ 0.73
(c) z ≈ 0.69
(d) z ≈ 1.17
(e) z ≈ 0.54
(f) z ≈ -0.54
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Consider an economy which is divided into different sectors, each producing a differentiated product. Workers in each sector are organized in a trade union which monopolizes the supply of labour to all firms in the sector. Because of its monopoly position, the trade union in each sector may dictate the nominal wage rate to be paid by employers in that sector. However, employers are free to choose the level of employment. For simplicity, assume that the number of working hours for the individual worker is fixed, so total labour input is proportional to the number of workers employed. Workers in sector are educated and trained to work in that particular sector, so they cannot move to another sector to look for a job. If a worker fails to find a job in his sector, he therefore becomes unemployed. His real income will then be equal to the real rate of unemployment benefit . An employed worker in sector earns the real wage where is an index of the general price level, so his net income gain from being employed is . The trade union for sector cares about this real income gain for its employed members, but it also cares about the total number of jobs secured for the membership. Assume that the union sets the nominal wage with the purpose of maximizing a utility function of the form:
subject to The representative employer in sector uses a technology described by the production function:
where is the volume of real output produced and sold in sector , and is a productivity parameter. The employer representing industry produces a differentiated product and therefore has some monopoly power, and hence faces a downward-sloping demand curve of the form:
where is the aggregate output from all the sectors, hence is the market share captured by each industry.
The trade union sets the nominal wage rate to maximize its utility function, considering the employer's production function and the demand curve for the industry's product. This model is simplified and there are many other factors that influence wage setting, employment levels, and market dynamics.
In this economy, there are multiple sectors, each producing a differentiated product. The workers in each sector are organized in a trade union, which has a monopoly position in supplying labor to all firms in the sector. The trade union can dictate the nominal wage rate, but employers have the freedom to determine the level of employment.
Let's define some key variables:
- represents the nominal wage rate set by the trade union in sector .
- is the number of workers employed in sector .
- is the real wage earned by an employed worker in sector , which is determined by the nominal wage rate and the general price level .
- is the real rate of unemployment benefit, which represents the income received by an unemployed worker.
The trade union's objective is to maximize a utility function, which is a function of the real income gain for employed members and the total number of jobs secured for the membership. The trade union's utility function can be represented as:
subject to
where is a parameter that determines the trade union's preference for the real income gain versus the total number of jobs.
On the employer side, the representative employer in each sector uses a production function to describe the technology of the sector. The production function can be represented as:
where is the volume of real output produced and sold in sector , and is a productivity parameter specific to the sector.
The employer, representing the industry, faces a downward-sloping demand curve for its differentiated product. The demand curve is determined by the aggregate output from all sectors, denoted by , and represents the market share captured by each industry. The demand curve can be represented as:
The trade union sets the nominal wage rate to maximize its utility function, considering the employer's production function and the demand curve for the industry's product. The trade union aims to strike a balance between securing higher real income gains for employed members and maintaining a sufficient number of jobs for its membership.
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explain how each of the following factors would probably affect a firm’s target cash balance if all other factors were held constant. (3 pts)
The effect of factor which would probably affect a firm’s target cash balance if all other factors were held constant are
1) An increase in sales growth would maintain a higher target cash balance to support increased operational needs.
2) An increase in interest rates would lead to a higher cost of borrowing for the firm.
3) Higher operating costs would likely result in a lower target cash balance.
Sales growth: If a firm experiences an increase in sales growth, it would likely need to maintain a higher target cash balance to support increased operational needs such as inventory, staffing, and capital expenditures. This is because higher sales growth typically requires a greater investment in working capital.
Interest rates: An increase in interest rates would lead to a higher cost of borrowing for the firm, which could prompt the firm to hold a higher target cash balance to reduce the need for external financing. However, if the firm has excess cash, it may choose to invest those funds in higher-yielding instruments, which could offset the higher borrowing costs.
Operating costs: Higher operating costs would likely result in a lower target cash balance as the firm would need to conserve cash to cover those expenses. Conversely, lower operating costs could allow the firm to hold a higher target cash balance to pursue growth opportunities or invest in new projects.
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Which feature is used to summarize data from multiple worksheets but does not require that the data be in the same location on every worksheet?
Consolidate data from each worksheet into a single worksheet to summarize and report results from several worksheets.
What is worksheet?
A group of cells arranged into rows and columns is referred to as a "worksheet" in Excel documents.
Data consolidation makes it possible to combine the information from various worksheets into one master worksheet.
In other words, the Data Consolidation function compiles information from a number of worksheets or workbooks into a single worksheet that you can quickly update.
As a result, data consolidation is summarizing data from multiple worksheets.
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why are the original/raw data not readily usable by analytics tasks?
The original or raw data is not readily usable by analytics tasks due to several reasons: Lack of structure: Raw data often lacks a predefined structure or format suitable for analysis.
It may be unorganized, unformatted, or contain inconsistencies, making it challenging to extract meaningful insights. Data quality issues: Raw data may have errors, missing values, duplicates, or outliers. These quality issues can adversely affect the accuracy and reliability of the analysis results.
Data volume: Raw data can be massive in size, especially in big data scenarios, which makes it difficult to process and analyze directly. Preprocessing and data reduction techniques are often required to handle large volumes efficiently.
Data integration: In many cases, analytics tasks require data from multiple sources or systems. Raw data may be stored in different formats or locations, making it necessary to integrate and transform the data to ensure consistency and compatibility.
Data interpretation: Raw data often lacks context and meaning. It may require additional information or metadata to understand the relationships between variables and interpret the data accurately.
To overcome these challenges, data preprocessing, cleansing, transformation, and aggregation steps are performed to convert raw data into a structured, clean, and suitable format for analytics tasks.
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JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
19. all of the following are true statements about discussion-based exercises except: a. they do not involve deployment of resources. b. they focus on strategic, policy-oriented issues. c. they are used to validate a specific function in a single agency. d. they are used to develop new plans, policies, agreements, and procedures.
All of the following are true statements about discussion-based exercises except they are used to validate a specific function in a single agency.
Tell me about resources.A resource is a piece of tangible property that people appreciate and need, like water, air, or land. Resources can be classified as renewable or nonrenewable; a renewable resource has an unlimited supply, whilst a nonrenewable resource has a finite supply.
What makes the resources important?For the following reasons, resources are essential for people: When employed as a raw material, resources provide for human necessities and comforts. A source of agricultural operations is natural resources, which increases the economic significance. Additionally, they offer employment possibilities.
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what is business transaction
when the market does not lead to an optimal allocation of resources, there must be
A. Too much regulation.
B. A market failure.
C. Proper antitrust laws in place.
D. A competitive market structure
The correct option is B. When the market does not lead to an optimal allocation of resources, it is often due to a market failure. A market failure occurs when the market fails to allocate resources efficiently, leading to an outcome that is not optimal for society as a whole. This can happen for a variety of reasons, such as externalities, public goods, and market power. In these cases, it may be necessary for government intervention to correct the market failure and ensure that resources are allocated optimally.
When the market does not lead to an optimal allocation of resources, it is often due to a market failure. A market failure occurs when the market fails to allocate resources efficiently, leading to an outcome that is not optimal for society as a whole. This can happen for a variety of reasons, such as externalities, public goods, and market power. In these cases, it may be necessary for government intervention to correct the market failure and ensure that resources are allocated optimally. This could take the form of regulations, antitrust laws, or other measures designed to promote competition and ensure that markets function properly. Ultimately, the goal is to create a competitive market structure that leads to the efficient allocation of resources and benefits society as a whole.
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
Which financial statements are required for a proprietary fund?a. Statement of Revenues, Expenses, and Changes in Fund Balance, Statement of Net Position, and Statement of Cash Flows.b. Statement of Revenues, Expenses, and Changes in Fund Net Position, Statement of Net Position, and Statement of Cash Flows.c. Income statement, Statement of Net Position, and Statement of Cash Flows.d. Statement of Revenues, Expenses, and Changes in Fund Net Position and Statement of Net Position.
The correct answer is
d. Statement of Revenues, Expenses, and Changes in Fund Net Position and Statement of Net Position.
For a proprietary fund, which is a type of government accounting entity, the required financial statements are the Statement of Revenues, Expenses, and Changes in Fund Net Position and the Statement of Net Position.
The Statement of Revenues, Expenses, and Changes in Fund Net Position shows the operating revenues, operating expenses, non-operating revenues, non-operating expenses, and the resulting changes in the net position (the equivalent of fund balance in proprietary funds) of the entity over a specific period.
The Statement of Net Position provides information about the assets, liabilities, and the net position of the proprietary fund at a specific point in time. It shows the financial position of the fund, including its assets, deferred outflows of resources, liabilities, deferred inflows of resources, and the net position.
The Statement of Cash Flows, which is mentioned in options a and b, is not typically required for proprietary funds. The statement tracks the cash inflows and outflows, categorizing them into operating activities, investing activities, and financing activities. However, for proprietary funds, the focus is on the changes in net position rather than cash flows.
Option d is the most accurate answer for the financial statements required for a proprietary fund.
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When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answer:
The answer is B. Hit-and-run business.
Explanation: