Packard Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash i 1) Acquired $1,250 cash from the issue of common stock. 2) Borrowed $720 from a bank. 3) Eamed $900 of revenues cash. 4) Paid expenses of $310. 5) Paid a $110 dividend. During Year 2. Packard engaged in the following transactions. (Assume all transactions are cash transactions.) 1) Issued an additional $625 of common stock. 2) Repaid $430 of its debt to the bank. 3) Earned revenues of $1,050 cash. 4) Paid expenses of $480. 5) Paid dividends of $160. What is the amount of total assets that will be reported on Packard's balance sheet at the end of Year 2 ? Muliple Choice $3,055 $3.215
Answers
To calculate the total assets at the end of Year 2, we need to calculate the ending balance of all assets accounts. From the transactions provided, we know that there are no noncash transactions, so all asset transactions involve cash.
At the beginning of Year 2, the company had $1,250 in cash from the issuance of common stock and $720 from the bank loan for a total of $1,970 in assets.
During Year 2, the company issued an additional $625 of common stock, earned $1,050 in revenues, and received $430 from the repayment of its debt. The company also paid $480 in expenses and $160 in dividends.
So, the ending balance of cash on the balance sheet would be:
Beginning balance: $1,970
Issuance of common stock: $625
Revenues earned: $1,050
Repayment of debt: $430
Expenses paid: ($480)
Dividends paid: ($160) = Ending balance: $3,435
Therefore, the amount of total assets that will be reported on Packard's balance sheet at the end of Year 2 is $3,435.
The closest answer choice is $3,215, but it is not correct based on the calculations above. The correct answer is not listed.
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Related Questions
Which level of government are Planning workers most likely to work for?
A) state
B) federal
C) local
D) international
Answers
The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).
A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.
When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.
A variety of essential services for residents and companies in certain areas are handled by the local government.
Therefore, the correct option is "C".
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Who manages woolworths , is the manager actively involved in the desicions of the business , will the manger be able to make informed decisions?
Answers
Who runs the Woolworths supermarket and grocery chain is Roy Bagattini, who is the CEO of the group. According to research on the company, it is correct to say that the executive director is involved in the business decisions, since the managers of the other branches must align their decisions with those established by the CEO.
It is fair to say that as CEO of the Woolworths supermarket chain, the manager is able to make informed decisions based on his knowledge of the subsidiaries.
What are the functions of an executive director?It is the professional responsible for managing a company, being the highest hierarchical position, where there are great responsibilities in making decisions that will impact the success of the business.
Therefore, the CEO of the company must have communication skills developed to communicate clearly with the board of directors about the organization's needs, making the organizational planning and strategy aligned so that the goals and objectives stipulated in a period are achieved.
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Explain effective ways to manage resistance to change in Change
and Organization Development.
Answers
Effective strategies include fostering open communication, involving employees in change process, providing support and training, addressing concerns and fears, and recognizing and celebrating milestones
Open communication: Creating a transparent and inclusive communication channel helps address concerns, clarify the rationale for change, and engage employees in the process. Regularly sharing updates, soliciting feedback, and addressing questions or doubts can reduce resistance.Employee involvement: Involving employees in the change process fosters ownership and commitment. Seek their input, ideas, and suggestions, and empower them to participate in decision-making. By including employees in planning and implementation, resistance can be minimized.
Support and training: Providing the necessary support and training helps employees develop the skills and knowledge required to adapt to the change. Offering resources, coaching, and training programs can enhance their confidence and alleviate resistance stemming from uncertainty or lack of competence.Address concerns and fears: Recognize that resistance is often driven by fear of the unknown or potential negative consequences. Actively listen to employees' concerns, address them empathetically, and provide reassurance or alternative solutions when possible. By acknowledging and addressing fears, resistance can be reduced.
Recognize and celebrate milestones: Acknowledge and celebrate achievements and milestones throughout the change process. This helps build a positive environment, boosts morale, and reinforces the benefits and progress of the change initiative.By implementing these strategies, organizations can effectively manage resistance to change and facilitate a smoother transition, leading to increased acceptance and commitment from employees.
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if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month
Answers
_______ is a likely consequence of an internal equity perception. a)attraction of efficient employees b)retention of quality employees c)labor costs d)job rotation e)pay scales of competitors
Answers
Answer:Job rotation is a likely consequence of an internal equity perception
Explanation:Internal equity refers to the employee' s perception of being treated in the same way as the other employees whether be salary or any other additional perks given by the organization at the same position.It helps to boost retention and mitigated risk of discrimination lawsuits and gender pay gap.
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What does it mean to be a leader? What
are three skills that are necessary to be a
successful leader?
Answers
Answer:
Along with leading a team, being a leader also means you are open to new ideas, perspectives, basically having an open mindset.
Three skills can include empathy, creativity, and flexibility
Explanation:
Being a good leader means being open-minded, the ability to allow for new ideas and outcomes. A leader should be able to engage in great understanding of all possibilities. Leaders are those who see things needing improvement, and who encourage others to be their best selves.
Three skills that are necessary to be a successful leader would include being able to engage in active listening. Active listening is important as it allows all members of the group to feel included, and to set a positive environment. Critical thinking is another important skill to have as a leader. Critical thinking allows for all members of a group to be encouraged to pitch in new ideas and strategies. Having strong communication skills is absolutely necessary when being positioned as a leader. Strong communication allows you and others to understand each other accurately and efficiently. Each of these skills is essential in not only daily life but in a professional setting, such as the lead role as discussed.
Words are origional, so feel free to do whatever you wish with them
Select the correct answer.
Which management function is also a financial responsibility?
A. lanning
B. organizing
C. staffing
D. coordinating
E. controlling
Answers
Answer:
The answer is...
planning
During planning, you use financial responsibility. Financial responsibility refers to the process of managing money and other similar assets in a way that is considered productive and is also in the best interest of the individual, or the family, or the business company.
Mark me brainliest if this helps.
The planning is the management function, which is also a financial responsibility.
What is a management function?Management functions mean the five broad activities that managers perform to achieve organizational goals: planning, organizing, staffing, directing, and controlling.
The first and the most important function of management is planning. Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time. Various alternatives are formulated in order to achieve the goals.
Thus, Option A is true as planning is the management function, which is also a financial responsibility.
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Identify two prices indices?
Answers
Answer:
Some notable price indices include:
Consumer price index.
Producer price index.
Employment cost index.
Export price index.
Import price index.
GDP deflator.....
Answer:
consumer price indexproducer price indexExplanation:
consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.
state ant Three activities that took place during the forming stage
Answers
Answer:
Each stage plays a vital part in building a high-functioning team. In 1965, a psychologist named Bruce Tuck-man said that teams go through 5 stages of development: forming, storming, norning, performing and adjourning.
Explanation:
What you give up in the future to make a purchase today?
Answers
The answer to this question depends on the purchase you are making. Hence, I am giving answer to the best of my knowledge. Generally speaking, if you make a purchase today, you are giving up the ability to use that money for something else in the future.
You are also giving up the potential gains or savings that may have been earned by waiting to make the purchase. For example, if you make a purchase today, you are giving up the potential savings that may have been earned through interest or other investments.
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What health effect is metal fume fever considered?
Answers
Answer:
A Metal fume fever is a condition in which the sufferer has influenza type symptoms such as a raised temperature, chills, pains, nausea and dizziness. It is caused by exposure to the fume of certain metals
True/False? Mohammed cracked the glass on his smartphone. He had hoped it was just the screen protector, but he saw that he really could not do much with his phone in that condition. Mohammed knew he'd need to get a new one; he had just begun the consumer purchase decision process
Answers
It is true that Mohammed cracked glass on his smartphone.
What is a smartphone?A smartphone is a type of mobile device that combines the functionality of a computer with the ability to make phone calls. A smartphone typically has a touch screen display, a camera, internet connectivity, and the ability to run various applications (or "apps"). Many of these apps are designed to perform specific tasks, such as send and receive email, play games, navigate with GPS, and more. Additionally, many smartphones are equipped with sensors such as accelerometers and gyroscopes, which allow for unique user inputs and experiences. The smartphone has become an essential tool for many people, offering them a way to stay connected and productive both at work and in their personal lives.
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Your friend asks you, “How early do you think I should start saving and searching for scholarships and state aid?” What do you recommend? Why?
Answers
If my friend asks me about when He/She should start saving then I would suggest that the person should start saving when they have a salary in which they can completely afford their basic living,any surplus of the basic living should be saved.
Only a minimal of salary should be spent on luxuries, the person should start searching for scholarships when they are ready to go college and want the scholarship assistance.
State Aid should only be applied for if the person cannot afford their studies by doing job and when they are unable to secure any scholarship.
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Aesha works for a moderately priced running shoe manufacturer and while their products are lower in cost, there is a high degree of consumer pressure to create the best quality running shoes possible and to constantly innovate with new designs. Which aspect of Porter’s Diamond does this demonstrate
Answers
Answer:
Demand conditions
Explanation:
Demand conditions means the size and the nature of the customer base for the products that could result in innovation and the improvement related to the product.
Since in the given situation it is mentioned that their products contains less cost but they develop the best quality shoes also they innovate the products from time to time so this represent the demand conditions
Which repayment option does not accrue interest while your required payments are paused?.
Answers
While enrolled at least half-time in school or during deferment periods, interest on subsidized loans does not accrue. Undergraduate and graduate students can apply for unsubsidized loans, which are not based on financial need.
Is interest still charged when a loan is paused?Your loan payments will stop, and until December 31, 2022, your interest rate will remain at 0%. Take the case where your grace period expired on April 15, 2022. Your payments would be stopped in this situation from April 15, 2022, until December.
When a loan is deferred, does interest continue to accrue?In certain situations, deferments let you put off repaying your loans. This is a crucial choice, especially because subsidized federal loans do not accrue interest during deferment periods. Unsubsidized loans do incur interest.
Which is preferable, direct subsidies or unsubsidies?Subsidized loans clearly outperform unsubsidized loans when comparing them. A subsidized loan can save you money throughout the course of the loan if you are eligible for one because the interest rates are lower. However, not everybody will be eligible for a subsidised loan.
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Two investments have the following expected returns (net present values) and standard deviation of returns:
Answers
Answer:
Explanation:
yes
What is a benefit for working in the modern manufacturing industry?
a
Competitive salaries
b
No skills needed for entry-level positions
c
Simple technology that is easy to use
d
Repetitive responsibilities
Answers
Answer:
a. competitive salaries
Competitive salaries are a benefit for working in the modern manufacturing industry. Hence, option A is correct.
What is modern manufacturing industry?Modern manufacturing industries can be defined as the making of finished goods from raw materials.Workers in the modern work together to solve problems by producing high-quality goods.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services.
Boost the effectiveness of your company's systems. Streamline the interactions you have with suppliers and clients. boost the production process's speed, adaptability, and effectiveness. broaden the range of possible outputs.
Thus, option A is correct.
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Do you think Ruby should change the payment method she uses for her employees? Justify your answer.
Give me the real answers or you will not be able to get brainlist
Answers
Answer:
Yes ✌️✌️✌️✌️✌️
Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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Identify opportunities and threats faced by incumbents now and in future by applying Porter’s five forces and PEST to identify key industry current situation and future trends Key takeaway of this analysis is the threats or opportunities for industry participants and what they must do/have to succeed for Mccain food company.
Answers
In order to identify opportunities and threats faced by incumbents, we can apply Porter's five forces and PEST analysis to understand the key industry current situation and future trends.
Porter's five forces framework includes analyzing the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitute products or services, and intensity of competitive rivalry. By examining these forces, we can identify potential threats and opportunities.
PEST analysis involves evaluating the political, economic, social, and technological factors that can impact the industry. This analysis helps in understanding the external environment and identifying trends that may affect incumbents in the future.
For McCain Food Company, the key takeaway of this analysis would be to identify the threats and opportunities for the industry participants. This would help them understand what actions they need to take in order to succeed. For example, if the analysis reveals a high threat of substitute products, McCain Food Company may need to focus on product innovation and differentiation to stay competitive.
In summary, by applying Porter's five forces and PEST analysis, McCain Food Company can identify the threats and opportunities in the industry and develop strategies to succeed in the current situation and future trends.
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If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product benefits (WIIFM, or “What’s in it for me?”) would you highlight in your marketing
Answers
The product benefits to be highlighted in the marketing based on demographic characteristics are
beneficial to particular agebeneficial to particular working classbeneficial to particular gender etcWhat is the demographic segmentation?In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.
The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.
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Rosé ordered a package of macaroons from an out of state bakery. She received the cookies the following week. What type of e commerce product did rose order
Answers
Answer:
physical
Physical products are tangible goods that can be shipped or delivered to a customer's location. E-commerce refers to the buying and selling of goods or services online, typically through a website or app. In this case, Rosé likely placed an order for the macaroons through the bakery's e-commerce platform, and the bakery shipped the cookies to her location.
Describe how the language and the culture you grew up with, play a role in your communication styles?
Answers
Click this link to view O*NET’s Work Context section for Licensing Examiners and Inspectors. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Licensing Examiners and Inspectors? Select four options.
in an open vehicle
telephone
face-to-face discussions
wear specialized safety equipment
contact with others
importance of being exact or accurate
Answers
Answer:
A, C, E, F
Explanation:
Answer:
B, C, E, F
Explanation:
reer
What is the best way to avoid botulism in food handling
Answers
Answer:
To prevent foodborne botulism: Use approved heat processes for commercially and home-canned foods (i.e., pressure-can low-acid foods such as corn or green beans
Explanation:
Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answers
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
Why do you think forms & addenda are now required
courses to get a Real Estate License?
Answers
To ensure that real estate professionals have a thorough understanding of legal and contractual obligations, as well as to protect the interests of buyers, sellers, and the industry as a whole.
Forms and addenda play a crucial role in real estate transactions as they outline the terms and conditions of the agreements between buyers and sellers. These documents are legally binding and carry significant implications for all parties involved. Therefore, it is essential for real estate professionals to have a comprehensive understanding of these forms and addenda.
By making forms and addenda a required part of real estate license courses, regulatory bodies aim to ensure that professionals in the field are well-equipped to handle the legal aspects of real estate transactions. This helps protect the interests of clients and promotes transparency, professionalism, and ethical conduct within the industry.
Moreover, real estate is a highly regulated industry, and non-compliance with legal requirements can lead to serious consequences such as legal disputes, financial losses, and damage to professional reputation. By mandating courses on forms and addenda, licensing authorities aim to reduce the risk of such issues and enhance the overall quality of real estate services.
Overall, requiring forms and addenda courses as part of the real estate licensing process serves to promote knowledge, professionalism, and legal compliance among real estate professionals, ultimately benefiting both industry stakeholders and consumers.
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you are the administrator for a large organization that has started using azure. you need to use a microsoft azure monitoring tool to monitor devices and change settings. which of the following tools can you use?
Answers
The monitoring tool that I need to use to monitor device and change setting is azure iot central applications, as being the administrator of a large organization.
association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
A wide range of legal entities exist, encompassing corporations, government, quasi organizations, political organizations, international institutions, armed forces, charities, for-profit businesses, partnership, cooperative, and academic institutions, among others.
A mixed organization is one that fulfills official services and generates commercial market activity concurrently in the public and private sectors. A volunteer-run organization is known to as a voluntary association.
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what are the building blocks of a personality select all that apply A. emotional qualities B, ethnic identity
Answers
Answer:
A
Explanation:Bcause ethnic identity should not determine youre personality. Many peoplefrom the same ethic identity may have different personalities.
Answer:
emotional qualities, ways of behaving
Explanation:
correct on quick check.
instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors of principles, tools and techniques in creating a business. write your answer on the blank space provided in the side of the paper.
1. IS TRE ENGCKS
2. OP FORTUNE NI TEAS
3. WEEK NEST CES
4.THREE EATS
5. IN DUST TREE
6. END BY RON MEANT ALL
7. PIE HAVE FOUR ZEST
8. ENCHO NO MEEK
9. SOAP FLYER
10. COST TOO MHER
Answers
Answer:
1.strengths
2.opportunities
3.weakneses
4.threats
5.industry
6.environment
8.economic
9.supliyer
10.customer