As to the receipts, the relationship between Quik mart and the bank is Creditor and Debtor.
Who is a Creditor and Debtor?Any individual or organization that owes money to another is said to be a debtor . The debtor often has to pay both the principle and interest on the loan.
Creditors are people or organizations that lent money to another firm and are now owed money. An organization or individual that loans money or offers credit to some other party is known as a creditor.
Debtors are individuals or businesses who owe you money. They are also referred to as "accounts receivable" by you.
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All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100 million banks with assets less than $500 million state chartered banks national banks chartered by the Office of the Comptroller of the Currency
1. Assume that United States companies spent approximately $8 billion on paper last year. One company
estimated that it saved $100,000 in paper costs in one year when it replaced paper processing with
computer tablets. How many companies would have to save $100,000 to cover the annual cost of paper
used in the United States in one year?
Answer:
80000 companies (8 billion : 100000)
We derive the demand curve for x from indifference curves and a budget constraint by changing the:.
The demand curve for x is derived from indifference curves and a budget constraint by changing the price of x and observing the resulting changes in the quantity demanded of x.
To derive the demand curve for x from indifference curves and a budget constraint, we need to consider a consumer who spends all their income on two goods, x and y. Let the price of good x be Px and the price of good y be Py.The consumer's income (M) is spent on either good x or y.
We can express this in the following equation: M = PxQx + PyQy Where Qx is the quantity demanded of good x, Qy is the quantity demanded of good y, and M is the total income of the consumer. From the above equation, we can see that the quantity demanded of good x, Qx, is a function of the price of good x, Px.
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Stephanie makes $ 16.89 working at chipotle. she works 40 hours a week. calculate his net salary after deducting 6.2% or (0.062) for social security deduction and 2.9% or (0.029) for medicare deduction. what is her net pay?
If Stephanie makes $ 16.89 per hour at Chipotle, her net compensation would be $431.25. After subtracting 6.2% or (0.062) for social security deduction and 2.9%, she works 40 hours each week for his net pay.
net pay = $(105.75+325.50)
In the United States, the Old-Age, Survivors, and Disability Insurance (OASDI) program, which is operated by the Social Security Administration (SSA), a federal agency, is referred to as "Social Security." Although its retirement benefits are its most well-known feature, it also offers income for injured workers and survivor benefits.
At the end of September 2022, more than 70.4 million Americans were receiving benefits. Let's examine how Social Security functions and how much money you might anticipate receiving from it. If Stephanie makes $ 16.89 per hour at Chipotle, her net compensation would be $431.25. After subtracting 6.2% or (0.062) for social security deduction and 2.9%, she works 40 hours each week for his net wage.
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a. Johnny works at Walmart
His first paycheck…20 hours at $10.00 an hour
Calculate his Net Pay if Federal Tax is calculated at 9.5% and Sate at 7%:
Answer:
$167.00
Explanation:
(Considering no other deductions.)
When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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How do savers benefit from capital markets?
Answer:
It also helping our country to become stable and giving a good position in economic compare to other country because if savers give more capital to the financial market the can used as a capital for borrowers to do their business to gain more profit to all of them,
Explanation:
Opinion
Why is it a good idea to be organized in the workplace?
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates which doctrine?
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates the constructive receipt doctrine.
This is further explained below.
What is constructive receipt doctrine.?Generally, When a money taxpayer receives gross income for federal income tax purposes, the theory of constructive receipt is applied to make this determination.
If a taxpayer has complete discretion over deciding when certain types of income will or should be paid, that person is liable for tax in the current year.
In conclusion, If a taxpayer gives his daughter, who is only ten years old, fifty thousand dollars a year for consulting work, the taxpayer has most certainly violated the constructive receipt law.
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Roasters Corporation and Outdoor Barbecues, Inc, enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
A) Roasters delivers the goods to Speedy
B) Roasters and Outdoor enter into their contract.
C) Speedy transports the goods to Outdoor.
D) Outdoor begins to use the grill.
Answer:
D
Explanation:
DGFGDGFGGDGFGDGFGF GANG
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Under the Employee Retirement Income Security Act (ERISA), employers are required to provide to employees, free of charge, a summary plan description (SPD), which provides information on how the plan operates, the benefits under the plan, how to apply for such benefits, when such benefits vest, and when benefits may be paid out. True/False
The statement "Under the Employee Retirement Income Security Act (ERISA), employers are required to provide to employees, free of charge, a summary plan description (SPD), which provides information on how the plan operates, the benefits under the plan, how to apply for such benefits, when such benefits vest, and when benefits may be paid out" is true.
Under the Employee Retirement Income Security Act (ERISA) in the United States, employers are indeed required to provide employees with a summary plan description (SPD) free of charge.
The SPD is a document that outlines important information about the employer-sponsored retirement plan, such as how the plan operates, the benefits it offers, the eligibility requirements, the vesting schedule, and the procedures for applying for and receiving benefits.
The purpose of the SPD is to ensure that employees have access to clear and comprehensive information about their retirement plans. By providing this information, employees can understand their rights, benefits, and obligations under the plan.
The SPD also enables employees to make informed decisions regarding their retirement savings and understand the procedures for accessing their benefits when needed.
In conclusion, it is true that employers are required under Employee Retirement Income Security Act to provide employees with a summary plan description (SPD) to ensure transparency and facilitate understanding of their retirement plans.
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2 1.6.2 Test (CST): Goals and Career Planning
Question 20 of 25
Kris is very interested in travel. Which of these careers is most likely the best
fit for her?
A. High school teacher
B. Machinist
O C. Loan officer
D. International correspondent
answer: international correspondent
Kris is very interested in travel. International correspondent of these careers is most likely the best fit for her. The correct option is D.
What is a correspondent journalist?A journalist works for a newspaper or broadcast media outlet and writes news articles. synonyms include pressperson, newswriter, newspaperman, and newspaperwoman. a correspondent from a faraway country. a journalist who contributes articles and analyses for publication or broadcast from a different country.
International correspondents are journalists who report news from different parts of the world. They travel extensively to cover stories and events in various countries, and their job involves researching, investigating, and writing about global issues. This career would be a good fit for someone who is interested in travel and has a passion for journalism and reporting.
Thus, the ideal selection is option D.
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why only 4 percent manage to succeed in business of company ??
Answer:
A lot of businesses don't succeed due to money problems, or no customers.
Explanation:
which of the following is an invoice presented by the carrier to a shipper
A: bill of lading
B: carrier freight bill
C: delivery receipt
what is the effect on the financial statements of recording depreciation on equipment?
The effect on the financial statements of recording depreciation on equipment Net income, assets, and stockholders equity are all decreased/reduced.
The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used/utilized. It allows/lets companies to generate income from the assets they own by making payments over a period of time.
Companies do not have to fully account for assets in the year they are acquired, which greatly reduces immediate operating costs. Failure to account for depreciation can have a serious impact on a company's bottom line. Businesses can also depreciate long-term assets for both tax and accounting purposes.
Depreciation can be compared to amortization that takes into account the change in value of an intangible asset over time.
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Which of the following is not correct? A. The unemployment rate is an imperfect measure of a nation's overall level of economic well-being. B. Most job search in the U.S. economy takes place without intervention by the government. C. Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being. D. Other things the same, countries that offer more generous and longer-lasting unemployment insurance benefits are likely to have higher unemployment rates.
The statement that is not correct is: Most economists agree that eliminating unemployment insurance would increase the nation's overall level of well-being. The correct option is C.
While unemployment insurance may have some negative effects, such as discouraging job search, most economists believe that it plays a crucial role in providing financial support to unemployed individuals, helping to maintain consumer demand and stabilize the economy during recessions.
The other statements, such as A) the unemployment rate being an imperfect measure, B) most job search in the U.S. occurring without government intervention, and D) countries with more generous unemployment benefits likely having higher unemployment rates, are generally considered to be accurate. The correct option is C.
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bruno's lunch counter is expanding and expects operating cash flows of $20,800 a year for 5 years as a result. this expansion requires $57,000 in new fixed assets. these assets will be worthless at the end of the project. in addition, the project requires $5,000 of net working capital throughout the life of the project. what is the net present value of this expansion project at a required rate of return of 14 percent?
The correct answer is
NPV = 0 = -$57,ooo - 5,000 + 20,800(PVIFA 14%, 5) + 5,000/1.145
NPV = $12,005
Net present value is the difference between the current values of cash inputs and outflows over a period of time (NPV). In capital accounting and investment planning, NPV is used to assess the profitability of a planned venture or project. Calculations are done to calculate the present value of a stream of future payments, or NPV, using the proper discount rate. Positive NPV projects are typically worthy endeavors, whereas negative NPV projects are not. Net present value (NPV), which takes time value of money into account, can be used to compare the rates of return of different projects or to compare a predicted rate of return with the barrier rate required to approve an investment.
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Travis Collins has the following expected utility function, E(U): E(U(π)) = 100+0.4E(π) – 0.000001E(π) 2 where income (π) is measured in dollars. He expects the following income distribution: Table 2. Travis’s Income and Probability.
Probability Income
0.40 $100,000
0.30 $150,000
0.30 $200,000
i. What is the expected utility that Travis expects? ii. What is Travis’s certainty equivalent income? How is certainty equivalent interpreted in this context? iii. What is Travis’s risk premium associated with this income distribution? How do you interpret it?
A higher risk premium indicates that Travis has a lower tolerance for risk and requires more compensation for taking on uncertain income.
i. To calculate the expected utility, we multiply each income level by its corresponding probability and substitute it into the utility function. After performing the calculations, the expected utility that Travis expects is 120,400.
ii. Travis's certainty equivalent income is found by setting the expected utility equal to the utility function and solving for income. The certainty equivalent income is $150,000, which means Travis would be willing to accept this guaranteed income instead of taking the risk associated with the uncertain income distribution. It represents the value Travis places on having a certain income level.
iii. The risk premium is obtained by subtracting the certainty equivalent income from the expected value of income. In this case, the risk premium is $50,000. It represents the additional income Travis would demand to compensate for the risk he faces with the uncertain income distribution. A higher risk premium indicates a higher aversion to risk and the need for greater compensation for bearing uncertainty.
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Name 4 things you can buy insurance for?
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
the constant growth stock valuation model can't be used under which of the following conditions? group of answer choices a zero growth rate a negative growth rate. a growth rate less than the stock's required return. a growth rate greater than the stock's required return.
D) Under a growth rate greater than the stock's required return, the constant growth stock valuation model cannot be applied.
Describe growth stock.Any stock in a company that is expected to increase in value significantly faster than the market as a whole is considered a growth stock. Typically, these stocks don't pay dividends.
This is so because companies that issue growth stocks typically want to reinvest any earnings they generate to hasten growth in the short term. When investing in growth stocks, investors hope to profit from capital gains when they eventually decide to sell their shares in the future.
What Qualifies as a Growth Stock?
When it comes to stocks, "growth" refers to the company's significant potential for capital growth. These are frequently newer, smaller-cap companies, or those operating in expanding industries like biotechnology or technology. Growth stocks frequently have high P/E ratios despite having low or even negative earnings.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
The Italy can produce 20 Gas turbines and 60 Tyres. France can produce 80 Gas turbines and 30 Tyres.
a). What is the opportunity
cost of producing Gas turbines in Italy? ______ tyres.
b). What is the opportunity cost of producing Tyres in
France ? _______ Gas turbines.
Answer:
1. 60 Tyres
2. 80 Gas Turbines
Explanation:
Given that the Opportunity cost is an economics term that is used in describing the cost of an alternative that must be forgone to continue or proceed with a certain activity.
Hence, in this case, considering the available information in the question, the correct answer is that the opportunity cost of producing Gas turbines in Italy is 60 Tyres.
At the same time the opportunity cost of producing Tyres in France 80 Gas turbines.
Please Use your keyboard (Don't use handwriting) Thank you..
I need new and unique answers, please. (Use your own words, don't copy and paste)
Q 1. Presented below are selected amounts from the separate unconsolidated financial statements of Poe Corp. and its 90%-owned subsidiary, Shaw Co., at December 31,2002.
Additional information as follow:
Poe
Shaw
$710,000
490,000
21,000
$530,000
370,000
Selected income statement amounts
Sales
Cost of goods sold
Gain on sale of
Additional information:
• On January 2, 20X2, Poe, Inc. purchased 90% of Shaw Co.’s 100,000 outstanding common stock for cash of $155,000. On that date the fair value of the noncontrolling interest was $1.70 per share. On that date, Shaw’s stockholders’ equity equaled $150,000 and the fair values of Shaw’s identifiable assets and liabilities equalled their carrying amounts. Poe has accounted for the purchase as an acquisition.
Calculate the amounts that will appear on Poe’s consolidated financial statement on December 31,
20X2.
1. Cash (0.5 mark)
2. Goodwill (0.5 mark)
3. Equipment (0.5 mark)
4. Common stock (0.5 mark)
5. Investment in Shaw (0.5 mark)
6. Dividends (0.5 mark)
7. Bonds payable (0.5 mark)
8. Non-controlling interest (0.5 mark)
Q2: Differentiate between stock acquisition and assets acquisition? (1 mark)
1. The amounts that will appear on Poe's consolidated financial statement on December 31, 20X2 are:
1. Cash: $1,201,000 (710,000 + 490,000 + 21,000 - 530,000 - 370,000)
2. Goodwill: $135,500 (155,000 - (0.9 x 150,000))
3. Equipment: $21,000
4. Common stock: $155,000
5. Investment in Shaw: $526,500 (0.9 x 585,000)
6. Dividends: Not enough information provided
7. Bonds payable: Not enough information provided
8. Non-controlling interest: $58,500 (0.1 x 585,000)
2. Stock acquisition is when a company purchases the majority of the outstanding shares of another company's stock, giving it control over the other company. Assets acquisition is when a company purchases certain assets of another company, rather than its stock, in order to add to its own assets or to acquire a specific business line. In a stock acquisition, the acquiring company takes on the acquired company's liabilities and benefits from its assets and ongoing operations. In an assets acquisition, the acquiring company can choose which assets and liabilities it wants to take on, and the acquired company may continue to operate separately or be dissolved.
Q1: To calculate the amounts for Poe's consolidated financial statement on December 31, 20X2:
Q2: Stock acquisition involves purchasing a controlling interest in another company's shares, resulting in the acquired company becoming a subsidiary. The acquiring company records the investment at cost, and consolidation is necessary for financial reporting. In an asset acquisition, the acquiring company purchases specific assets and liabilities of another company, with the acquired assets and liabilities being recorded at their fair values. There is no need for consolidation in this case, as the acquired assets are directly integrated into the acquiring company's financial statements.
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why is market development necessary ?
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Why is money management important? How would you rate your own money management?
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
What is down payment with regarding to buying a house?
mrs. stewart came in to your retail pharmacy and wants to know what aisle your acid reflux medications are? you should:
If Mrs. Stewart came to the retail pharmacy and wants to know what aisle your acid reflux medications are, the pharmacist should guide her to the relevant aisle where the medication is available.
A retail pharmacy is a pharmacy that operates in a retail store. This type of pharmacy is intended to serve customers directly. Retail pharmacies are usually located in drugstores, grocery stores, and big-box stores like Walmart and Target.
Acid reflux medication is a medicine that is used to alleviate the symptoms of acid reflux. It is available over the counter or by prescription and works by reducing the amount of acid in the stomach.
When Mrs. Stewart came in to the retail pharmacy and asked where the acid reflux medication is available, the pharmacist should guide her to the relevant aisle where the medication is available. Also, the pharmacist can ask Mrs. Stewart if she needs help choosing a specific medication for acid reflux symptoms, and the pharmacist can also provide additional information about the medication, including its potential side effects, proper dosage, and how to take it.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.