On the bolance sheet columns of the worksheot, the debit columin totals $18,000 and the credit column totals $11,200. What is the amount of net income or net loss? A. 56.800 net income- B. $29,200 net loss C. $6,600 not loas D. $20.200 net income
Answers
The amount of net income is $6,800. (Answer: C. $6,800 net income)
calculate the net income or net loss.
debit column total = $18,000
credit column total = $11,200
to determine the net income or net loss, we compare the debit and credit totals. if the debit total exceeds the credit total, it indicates a net income. conversely, if the credit total is higher, it suggests a net loss.
in this case, the debit column total of $18,000 is greater than the credit column total of $11,200. this implies that there is a net income.
to calculate the net income, we subtract the credit total from the debit total:
net income = debit total - credit total
net income = $18,000 - $11,200
net income = $6,800
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Related Questions
The activities of the federal reserve board have the most direct influence on.
Answers
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are earning positive economic profits. In the long run, we can expect Multiple Choice new firms to enter, causing the market price of soybeans to fall. new firms to enter, causing the market price of soybeans to rise. some firms to exit, causing the market price of soybeans to fall. some firms to exit, causing the market price of soybeans to rise.
Answers
Answer:
I don't understand what the question is supposed to be?
Where can you locate the Function Library group?
View tab of the ribbon
Formulas tab of the ribbon
File tab of the ribbon
Insert tab of the ribbon
Answers
Answer:
I can locate the function library group on formulas tab of the ribbon.
You locate the Function Library group on the Formulas tab of the ribbon. The correct option is B. Select the Formulas tab on the Ribbon to open the Function Library. Look for the Group Function Library.
What is the library function answer?Predefined functions are library functions. The developer includes some built-in functions to help the user work. We don't need to write our own code for some operations. We can simply use one of the library functions to complete our task.
The formulas tab contains a function library. The function library on the formulas tab is a great place to start learning about functions. Here you can search for and select Excel functions. The Function Library Group enables the user to use all of the formulas in Excel. The function is automatically inserted in the selected cell.
Thus, the ideal selection is option B.
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Why is liability an especially important type of car insurance?
Answers
Answer: If you cause a car accident, liability insurance will cover injuries to other people and damage to their property. Liability car insurance, sometimes called "third-party" coverage, is one of the most important types of car insurance.
Explanation:
What will happen to current purchases if people expect lower prices in the future? what will happen with expectations of higher incomes?.
Answers
If people expect lower prices in the future, then they will likely delay their current purchases. If they think prices will be lower in the future, they will wait to buy goods and services until that time.
This is because they can get the same thing for less if they wait. This is known as the substitution effect. People's expectations of higher incomes may lead them to increase their current spending. If people believe they will earn more in the future, they will be more willing to spend money now. They may feel like they have more money to spend, so they may be more likely to purchase goods and services. This is known as the income effect.
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People may delay current purchases if they expect lower prices in the future, while expectations of higher incomes can lead to increased consumer spending.
Explanation:If people expect lower prices in the future, they may delay their current purchases in order to take advantage of the anticipated lower prices. This can lead to a decrease in current consumer spending and a slowdown in the economy. On the other hand, if people expect higher incomes in the future, they may be more willing to make current purchases and increase their spending, which can stimulate economic growth.
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Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next
Answers
Answer:
Explanation
Answer will be
C
Salary Account Debit
Cash Account Credit
1. Think about the phrase "a financially secure retirement." In two to three sentences, describe what a financially secure retirement consists of.
Answers
Answer: Having peace of mind
Explanation:
Financial security retirement plan consist of the following;
Making savings automagical.
Control your impulse spending.
Evaluate your expenses, and live frugally.
Invest in your future.
Answer: If someone is financially secured they shouldn't be worried about anything like you said they don't have to worry about paying bills and they can travel and live in a good place which is a good thing and I think everyone would love to do all these fun stuff.
MohammedAlm2
Pioneers
Explanation:
one primary reason why regulatory capture may occur in an industry is that:
Answers
One primary reason why regulatory capture may occur in an industry is that the regulators tasked with overseeing the industry may develop close relationships with the companies they are supposed to regulate.
This can lead to a situation where the regulators become sympathetic to the interests of the companies and prioritize their concerns over those of the public. In some cases, the regulators may even become beholden to the companies, accepting gifts or other benefits in exchange for favorable treatment.
This can result in a regulatory environment that is more focused on protecting the interests of the industry than on protecting the interests of consumers or the public at large.
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the relatively homogenous groups of prospective buyers that have common needs and will respond similarly to a marketing action is referred to as
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The relatively homogenous groups of prospective buyers that have common needs and will respond similarly to a marketing action is referred to as: market segmentation
Market segmentation tries to distinguish designated gatherings of buyers to tailor items and marking in a manner that is attractive to the gathering.
Markets can be portioned in more than one way, for example, geologically, demographically, or typically.
Market segmentation assists organizations with limiting gamble by sorting out which items are the probably going to procure a portion of an objective market and the most effective ways to market and convey those items to the market.
With risk limited and lucidity about the marketing and conveyance of an item elevated, an organization can then zero in its assets on endeavors prone to be the most profitable.
Market segmentation can likewise build an organization's segment reach and may assist the organization with finding items or administrations they hadn't recently thought of.
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Companies will be willing and able to produce additional units of a good only if the:______.
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Companies will be willing and able to produce additional units of a good only if the marginal cost is less than or equal to the marginal revenue.
The decision to produce additional units is based on the comparison between the cost of producing those units (marginal cost) and the revenue generated from selling them (marginal revenue). If the marginal cost of producing an additional unit is less than or equal to the marginal revenue generated from selling that unit, it is economically viable for the company to produce more.
When marginal cost is lower than or equal to marginal revenue, it implies that the additional unit's production cost is justified by the additional revenue it brings. This suggests that the company can increase its profits by producing and selling more units.
However, if the marginal cost exceeds the marginal revenue, producing additional units would result in a loss as the cost outweighs the revenue generated. In such cases, companies would not be willing or able to produce additional units.
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Goods sold to Mahesh Rs 20000 journal entries
Answers
Answer:
see below
Explanation:
This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000. An increase in sales is recorded by crediting the sales account.
The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.
The Journal will be as follows.
Mahesh A/c Dr. Rs. 30,000
Sales A/c Cr. Rs.20,000
during periods of increasing costs an advantage of the lifo inventory cost method is that it match more recent cost against current revenues true or false
Answers
During periods of increasing costs, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues. This statement is TRUE.
What is the LIFO inventory cost method?LIFO (Last In, First Out) is a method of accounting for inventory costs that allows businesses to sell their newest inventory first. As a result, the cost of goods sold (COGS) reflects the most recent purchase price rather than the oldest.
However, if the price of the inventory increases over time, using LIFO results in a higher cost of goods sold (COGS), lower net income, and lower taxes. The LIFO method is not permitted in some nations or for some businesses since it can result in considerable shifts in financial data. The LIFO method, on the other hand, is frequently used in the United States.
The LIFO method is preferable to the FIFO method in periods of rising prices since it matches more recent prices against current revenues. It also results in a lower ending inventory balance, which reduces the likelihood of inventory obsolescence, spoilage, or theft. This method is based on the assumption that the most recently acquired goods are the first to be sold.
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Data that helps an organization maintain competitive edge is referred to as _____________
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Data that helps an organization maintain competitive edge is referred to as Proprietary data.
What do you mean by Proprietary data?The term "proprietary data" has gained popularity in recent years due to the development of corporate and industrial espionage. Few people are aware of what constitutes proprietary data, despite the fact that the majority of people are aware of its negative effects on the victim.
Proprietary data/information is data/information that is owned by an organization, an individual, or both that gives the owner a competitive edge, is utilized to make money, or has the potential to make money.
Any information that, if disclosed to other parties or the general public, could have a negative impact on the economy or have significant economic ramifications is considered sensitive data. A company's personal data is an example of sensitive data.
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michael and christopher purchased a house 12 years ago for $280,000. they made a down payment of 20% of the purchase price and secured a 30 year conventional home mortgage at 3.7% per year compounded monthly on the unpaid balance. the house is now worth $315,000. how much equity do michael and christopher have in their house now?
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Renting an apartment will be the least costly option every month if the opportunity cost of time rises to $60 per hour from $20 per hour.
Your lender will need private mortgage insurance (PMI), an additional insurance policy that protects the lender if you can't pay your mortgage, if you have a traditional loan and a down payment of less than 20%. For a 30-year mortgage with 12 monthly payments payable annually, the NPER argument is 30*12. Argument PV is 180000. (the present value of the loan). The following equation is used to determine the down payment: down payment = down payment percentage times purchase price. For the sake of this computation, the down payment percentage has to be converted to a decimal.
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identify each of the following accounts of liken services co. as asset, liability, stockholders’ equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit.
Answers
Accounts Receivable: Asset, Normal balance is a debit, Salaries Payable: Liability, Normal balance is a credit, Common Stock: Stockholders' Equity, Normal balance is a credit, Service Revenue: Revenue, Normal balance is a credit, Rent Expense: Expense, Normal balance is a debit.
What does an asset account's usual balance look like?For asset and cost accounts, the typical balance is on the debit side; for income, equity, and liability accounts, it is on the credit side. Because increases in any account are often bigger than losses, an account's allocated normal balance is on the side where increases go.
What does the average accounts payable balance look like?When a business pays a vendor, the accounts payable balance is debited. As a result, the amount of vendor invoices that have been recorded but not yet paid represents the regular credit balance in Accounts Payable. The unpaid invoices are also known as open invoices.
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after reviewing a few of his tasks, luciana tells her new assistant "next time i need something done well i’m going to give it to you!"
Answers
This statement implies the behavioral component of the speaker.
The way that our attitudes affect how we act or behave is known as the behavioral (or conative) component. For instance, "I'll stay away from spiders and scream if I encounter one." Cognitive component: this is the belief or information a person has regarding an attitude object. As an illustration, say, "I think spiders are harmful."
The conative component is another name for it. The conative element is the way in which our attitudes affect the way we act or behave. For instance, "Jane screams if she sees a spider and avoids them." Alternatively, "Sharon enjoys reading and cannot wait to visit the library." Or, "Smoking is not permitted within the company." Or, "Ann will not enter the room if she sees a cockroach there since she is so afraid of them."
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Dennis Company purchases Miles Company for $4,200,000 cash on January 1, 2015. The book value of Miles Company's net assets reported on its December 31, 2014 financial statement was $3,800,000. An analysis indicated that the fair value of Miles's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. What amount of gain or goodwill is recognized by Dennis
Answers
Answer: $520,000
Explanation:
The amount of gain or goodwill is recognized by Dennis would be calculated as:
Book value of net asset = $3,800,000
Add: Increase in the fair value of Miles's tangible assets = $600,000
Add: Increase in the fair value of identifiable intangible assets = $320,000
Fair value of net asset = $4,720,000
Less: Cash paid for purchase = $4,200,000
Gain = $4,720,000 - $4,200,000
= $520,000
which of the following skill do employers in any field expect their empolyees to have
Answers
Answer:
The following skills employers expect from employee in recent times are (1) Communications skills (2)Fair knowledge of how to combine both technology and solutions together. (3)Critical thinking (4) emotional intelligence (5) Good writing skills (6) Flexibility and Agility (7) Sound knowledge in M.S words.
Explanation:
Solution
The required skill that employers expect their employees to have as at today is given below:
Communications skills:do the employee know how to influence and persuade others. Can they and do they want to do this. Fair knowledge of how to combine both technology and solutions together to function better that is, blending solutions to boost the ideas with speed.Flexibility and agility : can the employee flexible or are they difficult and too set in their ways? Are they so tough and opinionated that its takes hours to convince them.Writing skills: Do they have the ability to persuade and pitch especially in the use of emails.Sound knowledge of MS(Microsoft word) words: Do the employees have basic knowledge and use in MS applications as at today.Overall, pleasant and kind personEmotional intelligenceCritical thinking: Will the employees see issues based on facts or emotionsCapital market securities are typically expected to have a ______ than money market securities.
Answers
Capital market securities are typically expected to have a higher risk than money market securities.
Understand capital market and money market securities:
Capital market securities:
These are financial instruments issued by corporations, governments, or other entities to raise long-term capital. Examples include stocks, bonds, and other long-term debt securities.
Money market securities:
These are short-term, highly liquid financial instruments with a maturity of one year or less. Examples include Treasury bills, commercial paper, and certificates of deposit.
Recognize the risk-return relationship:
In general, there is a positive relationship between risk and return. Investors expect higher returns for taking on higher levels of risk.
Evaluate risk characteristics:
Money market securities are typically considered lower risk due to their short-term nature, high liquidity, and lower susceptibility to interest rate fluctuations. They are often viewed as relatively safer investments.
Capital market securities, on the other hand, have a longer maturity and are subject to various risks such as credit risk, market risk, and interest rate risk. These securities are exposed to potential fluctuations in the value of the underlying assets, economic conditions, and the performance of the issuing entity.
Understand the expectation:
Given the higher risk associated with capital market securities compared to money market securities, investors generally expect higher returns as compensation for taking on the additional risk.
Formulate the conclusion:
Considering the risk-return relationship and the characteristics of capital market and money market securities, the conclusion is that capital market securities are typically expected to have a higher risk than money market securities.
In summary, capital market securities are expected to have a higher risk than money market securities due to their longer maturity, exposure to various risks, and potential for higher return as compensation for the additional risk.
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the landmark supreme court decision in 1948 by the u.s. government in the anti-trust case against the major studios for unfair monopoly over the entertainment industry was called
Answers
The decision in United States v. Paramount, issued on May 4, 1948, dealt a fatal blow to five major studios and three smaller ones by concluding that the studios had broken anti-trust laws.
The Sherman Anti-Trust Act and the studios first came under scrutiny in 1921, which is when the case's origins can be traced. The ruling led to the Paramount Decree, a rule upheld by the US Department of Justice prohibiting movie production companies from owning theatre chains.
The case is significant for American antitrust law as well as cinematic history. The court's ruling required the studios to sign consent Paramount that would outlaw block booking by requiring that each movie be sold separately.
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Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their professional or financial situation would enable them to dial back. A key concept in this context is that of the opportunity cost of leisure. How is this concept best explained
Answers
Answer:
The summary including its perceived task is demonstrated in the following segment on the interpretation.
Explanation:
The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).This is much less the continuation of something like a withheld opportunity than that of the recovery on the alternative you picked.5. a life annuity immediate provides payments of 10, 8, 6 and 4 in the first four years, followed by payments of 2 per year thereafter. you are given: i. ii. iii. iv. v. calculate the actuarial present value of this annuity.
Answers
The actuarial present value of this annuity is $48.16.
To calculate the actuarial present value, we need to determine the present value of each payment using a specific discount rate. For this annuity, the payments in the first four years are 10, 8, 6, and 4, while the payments in subsequent years are 2.
Using a discount rate of 4%, the present value of the first payment is 9.52, the second is 8.64, the third is 7.68, the fourth is 6.64, and the fifth and subsequent payments are 1.92 each. The total present value of all the payments is the sum of the present value of each payment, which is $48.16.
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When individuals use all available information about an economic variable to make a decision, expectations are?
Answers
when individuals use all available information about an economic variable to make a decision, expectations are -rational
What is economic variable?
An economic variable is any measurement that helps to consider how an economy may function . for instance population, poverty rate, inflation, and available resources.
What are the five economic variables?
There are 5 common economic variable that are considered :
output, gross domestic product ( GDP ), production, income, and expenditures.
What factors cause economic growth?
Basically , there are two main cause of economic growth: growth in the size of the workforce and growth in the production activity (output per hour worked) of that workforce.
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You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks, bonds, and treasuries that have the dividend yields shown in the table below. Your job is to allocate their money across these three investments such that the total dollars of stocks is at least $10,000 less than the total dollars in bonds plus treasuries. In addition, they have identified the maximum investment in each of those three investment types (also shown below). Maximize the dividends earned.
Answers
Using linear programming, the objective is to maximize the total dividends earned subject to investment constraints. The optimal allocation of money across stocks, bonds, and treasuries can be determined by solving the linear programming problem.
To maximize the dividends earned while considering the given constraints, we can use linear programming. Let's denote the amount of money invested in stocks as S, in bonds as B, and in treasuries as T.
We want to maximize the total dividends earned, which is the sum of the dividends from stocks, bonds, and treasuries. Let's denote the dividend yields as follows:
Dividend yield for stocks: DS
Dividend yield for bonds: DB
Dividend yield for treasuries: DT
The objective function to maximize is:
Maximize: DS * S + DB * B + DT * T
Now let's consider the given constraints:
1. Total dollars of stocks should be at least $10,000 less than the total dollars in bonds plus treasuries:
S ≤ B + T - 10,000
2. Maximum investment limits for each investment type:
S ≤ Maximum investment in stocks
B ≤ Maximum investment in bonds
T ≤ Maximum investment in treasuries
Additionally, we have the non-negativity constraints:
S ≥ 0
B ≥ 0
T ≥ 0
By formulating the objective function and constraints, we can use linear programming techniques to find the optimal allocation of money across stocks, bonds, and treasuries that maximizes the total dividends earned while satisfying the given constraints. The specific values for the dividend yields and maximum investment limits should be provided in the table mentioned in the problem.
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Here is selected financial statement data regarding a company's property, plant, and equipment. Balance Sheet: Dec. 31, 2018 Dec. 31, 2017 Property, plant, and equipment $ 563,000 $ 294,000 Accumulated depreciation 286,000 237,000 Income Statement: 2018 Depreciation expense $ 105,000 Gain on sale of property, plant, and equipment 26,000 During the year, PPE with a book value of $23,000 were sold. In the statement of cash flows, the investing activities section should show a cash disbursement for "purchases of property, plant, and equipment" for $ _________.
Answers
Answer:
$292,000
Explanation:
price of old equipment sold = $26,000 + $23,000 = $49,000 (cash inflow)
new equipment purchased = $563,000 - $294,000 + $23,000 = $292,000 (cash outflow)
cash flow from investing activities:
cash disbursed for purchasing new equipment = ($292,000)
cash received from sale of old equipment = $49,000
net cash flow from investing activities = ($243,000)
Write short notes on-:
a)Micro enterprises
b)cottage industry
Answers
Answer:
cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility
Explanation:
A business that is legally regarded as a separate entity from it's owners is called a
O non-profit
O partnership
O corporation
O sole proprietorship
Answers
A business that is legally regarded as a separate entity from its owners is called a corporation. Hence the correct choice of answer for this question is an option (c).
Give a brief account of the corporation.A corporation's stockholders are not considered to be part of it legally. Corporations and individuals have many of the same legal rights and responsibilities. They have the authority to enter into agreements, give and receive loans, sue and be sued, appoint staff, own property, and pay taxes.
The majority of big companies are corporations, such as Microsoft Corp. and Coca-Cola Co. Some corporations operate both under their own identities and under different company names.
While a corporation's exact legal definition varies from jurisdiction to jurisdiction, its most crucial feature is always a limited liability. This indicates that, despite the possibility of dividends and stock appreciation, shareholders are not individually liable for the obligations of the company.
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You are analyzing the stock of Brother Industries, Ltd. (Tokyo Stock Exchange: 64480). You have concluded that a multistage DDM is appropriate to value the stock of Brother Industries and the company will reach a mature stage in four years. You have estimated that in the mature phase Brother's ROE will be 11%, which is approximately equal to estimated required return on equity. He also estimated that the retention ratio in the mature phase will be 60% Calculate the sustainable growth rate for Brother in the mature phase.
Answers
Brother Industries, Ltd., a Japanese multinational electronics, and electrical equipment company, operates in more than 100 countries. As per the information given, a multistage DDM is appropriate to value the stock of Brother Industries, and the company will reach a mature stage in four years.
The estimated ROE in the mature phase is 11%, approximately equal to the estimated required return on equity, and the retention ratio will be 60%.
The sustainable growth rate (SGR) is a crucial financial metric that calculates the rate at which a business can expand using its internal resources.
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risks, key objectives, quantitative models, and consequences if the project is not completed are all key parts that may be included in a business case.(True/False)
Answers
True. Risks, key objectives, quantitative models, and consequences if the project is not completed are all essential components that can be included in a business case.
Including risks, key objectives, quantitative models, and consequences if the project is not completed in a business case is indeed crucial for effective decision-making and project evaluation.
Risks: Identifying and assessing potential risks associated with the project allows stakeholders to understand and mitigate potential challenges. It helps in developing risk management strategies and ensuring the project's success.
Key Objectives: Clearly defining the project's objectives provides a clear direction and purpose. It helps stakeholders understand the expected outcomes, align their efforts, and evaluate project success.
Quantitative Models: Utilizing quantitative models, such as financial models, cost-benefit analysis, or return on investment calculations, allows for objective and data-driven decision-making. These models provide a framework for evaluating the feasibility, profitability, and overall value of the project. Consequences of Non-completion: Outlining the potential consequences if the project is not completed helps stakeholders understand the impact of inaction. It can include missed opportunities, financial losses, reputational damage, or competitive disadvantage.
By including these elements in a business case, organizations can assess the viability, feasibility, and potential risks associated with the project. It provides a comprehensive understanding of the project's implications and supports informed decision-making by stakeholders.
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Which act restricted trade practices that sought to eliminate competition or encourage monopoly
Answers
The act that restricted trade practices that sought to eliminate competition or encourage monopoly is the Sherman Antitrust Act. It was enacted by the US Congress in 1890 and aimed to prevent businesses from engaging in anti-competitive practices, such as price-fixing, monopolies, and collusion. The act was designed to promote competition and protect consumers from unfair business practices.