To prepare a bank reconciliation for Business Solutions for the month ended March 31, 2017, and the necessary adjusting entries, follow these steps:
1. Bank Reconciliation:
BUSINESS SOLUTIONS
Bank Reconciliation
March 31, 2017
Bank statement balance: $67,566
Add: None
Deduct: None
Adjusted bank balance: $67,566
Book balance: $68,057
Add: Interest earned on checking account: $33
Deduct:
- Erroneous check cleared by the bank: $500
- Safety deposit box rent: $50
- Printed checks cost: $102
- Outstanding check: $128
Adjusted book balance: $67,310
2. Adjusting Entries:
a) To record the interest earned on the checking account:
Interest Revenue $33
Cash $33
b) To record the erroneous check cleared by the bank:
Cash $500
Miscellaneous Expenses $500
c) To record the safety deposit box rent:
Miscellaneous Expenses $50
Cash $50
d) To record the printed checks cost:
Miscellaneous Expenses $102
Cash $102
Note that the outstanding check of $128 does not require an adjusting entry, as it is already recorded in the general ledger and will clear the bank in the future.
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True or false: When a corporation declares a dividend its Net Income on the income statement is reduced.
When a corporation declares a dividend its Net Income on the income statement is not reduced, therefore the statement is false.
Dividend can be defined as the cash amount that is distributed to shareholders of a company as profit.
The net income on the income does not reduced or decrease when a corporation declares a dividend.
Reason been that dividend is not an expense as they do not have effect on a company net income.
Dividend tend to have majorly have effect on shareholders' equity section of a company statement of financial position.
Inconclusion dividend does not reduce the Net Income on the income statement.
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What is economy? economic basics study question 2
The study that tells about the production, usage and distribution of goods and services among the people of the nation is called the economy.
What is production?
Production is the process of making finished goods by converting them from its raw materials.
Economy is referring to the study that describes the manufacturing, consumption and distribution of the goods and services among the citizens of the country. The field which studied about economy is called Economics. It could be inclusive of customers, business firms and the government. The customers are the ones who acquire the goods for satisfying his/her wants. The business houses are the entities that made the goods and then make it available in the market for sale to the customers. The government is the authority who regulate the equal distribution of goods to each and every people of the country.Therefore, the economy is briefly explained above.
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During the economic downturn of 2008–2009, the unemployment rate increased to nearly 10%. At the same time, the price of college tuition and the number of college enrollees increased. A. Which statement best explains why more people enrolled in college during this time period even as the price of tuition increased?.
The reason this happened was c. if the next best option was unemployment, many individuals may have preferred to enroll in college and gain new skills in hopes of increasing their future employment prospects.
Economic conditions in 2008 - 2009Unemployment rose as many people lost their jobs. People had to look for alternative means of survival.There was a view that the more skilled one was, the less they would be affected by the economic woes at the time. People therefore enrolled in colleges to gain more skills.
In conclusion, option C is correct.
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In zombia, it takes 10 resources to produce 1 ton of cocoa and 13. 5 resources to produce 1 ton of rice. In south curmudgea, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Zombia has a comparative advantage over south curmedgea in.
The theory of comparative cost advantage is based on many assumptions and one of those assumptions is that "the production of commodities is done under the law of constant costs or returns".
It is presumable that constant returns to scale will make computations easier and produce useful generalizations that may be applied to the economy. Diminishing returns to scale is a more sensible assumption that is not made in the theory of comparative cost advantage, meaning that when inputs are employed more and more, their marginal product or contribution to production decreases. Furthermore, according to the comparative cost advantage theory, once a nation has determined its comparative advantage, all of its resources are put toward producing that good; as a result, the production process should reflect diminishing returns to scale rather than assuming constant returns to scale.
Any item that is readily available to us in our environment, is commercially viable, has access to modern technology, is culturally sustainable, and helps us to meet our requirements and fulfill our wants is referred to as a resource. Based on their availability, resources can be roughly classified into categories that are renewable and non-renewable.
They can also be divided into real and potential categories based on their level of development and use, biotic and abiotic categories based on their origin, and localized and omnipresent classifications depending on their dispersal (private, community-owned, national, and international resources). An item might develop into a resource over time as technology develops. Utilizing resources effectively can lead to increased income, efficient system operation, or improved well-being.
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The 1/1/20 balance in accumulated other comprehensive income for Jackson Hole Company was a positive balance of $415. During 2020, Jackson reported: Unrealized gains on available-for-sale investments of $74 Net income of $130 Paid dividends of $12 Realized gains from the sale of trading securities of $10 Foreign currency translation losses of $48. Calculate the following amounts: Total comprehensive income is
Total comprehensive income = Net income + Other comprehensive incomeTotal comprehensive income = $130 + $26Total comprehensive income = $156 Therefore, total comprehensive income for the year 2020 is $156.
The 1/1/20 balance in accumulated other comprehensive income for Jackson Hole Company was a positive balance of $415. During 2020, Jackson reported the following figures:
Unrealized gains on available-for-sale investments of $74Net income of $130 Paid dividends of $12 Realized gains from the sale of trading securities of $10Foreign currency translation losses of $48.
Calculate the following amounts:
Total comprehensive income Total comprehensive income is the sum of net income and other comprehensive income (OCI).
OCI is made up of the following items:
Unrecognized pension costs, gains or losses on derivatives that are not designated as hedges, foreign currency translation gains or losses, and unrealized gains or losses on available-for-sale securities.
The formula for calculating total comprehensive income is as follows:
Total comprehensive income = Net income + Other comprehensive income OCI = unrealized gains on available-for-sale investments + foreign currency translation losses OCI = $74 - $48OCI = $26
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fresh eggs moving from farms to a retailer and then on the final consumer , identify points in the supply chain where the eggs might used to be stored. Why is it essential to move eggs quickly down the supply chain?
Eggs are regarded as the ideal food. They are vitamin and protein-rich, easy to prepare, and affordable for even the retailer most frugal food buyers. To meet demand, it is supply chain that egg production would increase by 50% by 2030.
The advantages of keeping a high supply chain velocity are several. Not only can higher supply chain velocity boost customer happiness, but it can also shorten shipment times, lower shipping costs, improve inventory tracking, and streamline operations for more retailer efficiency. It's crucial to take immediate action and foresee when supplies are likely to run low in order to promptly place orders and maintain control over supply and resources.
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Rule of law is defined as "the restriction of the arbitrary exercise of power by subordinating it to well-defined and established laws." And includes concepts such as: property rights, government integrity, and judicial effectiveness.
In two separate paragraphs, please explain how Rule of Law is relevant for
National economies (paragraph 1), and
Growth of businesses (paragraph 2)
The rule of law is relevant for national economies as it promotes transparency, accountability, and limits the possibility of corruption. It also ensures the protection of property rights, promotes fair competition, and encourages investors.
The rule of law limits the arbitrary use of power, promotes transparency, and accountability. This is significant for national economies as it makes a country a favorable destination for investment. The rule of law assures investors that their contractual agreements will be enforced, and their property rights will be protected.
In a stable legal system, businesses feel encouraged to invest more and expand, which leads to the growth of the economy and development. The legal system provides a framework that ensures economic growth by promoting fair competition, market-oriented strategies, and accountability. Thus, the rule of law plays a crucial role in national economies and creates a conducive environment for business growth and development. Its presence assures the enforcement of contracts, and minimizes risks and uncertainties that are associated with transactions.
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what is the answer to this question?
Answer:
I think it's c hope it help
Explanation:
c
the King code refers to good corporate governance and emphasizes, among other things, the concepts of transparency and accountability. Explain these concepts in the context of companies
The King Code can be explained as the code providing several benchmark standards for companies to meet in their public filings and business practices.
What is the King Code?The King Code can be understood as that which provides a number of benchmark standards for companies to meet in their public filings and business practices. Offering an overview of how companies should perform can be beneficial for standardizing industries and making an economy more appealing to foreign investors.
Companies use the King Code to guide their activities and must provide explanations when they choose to deviate from the standards set by the code.
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Which is better a streamer or content creator cause if so I will be doing that job (:
Don't risk everything to be one of the 2. There is lots of competition on streaming platforms, and those who have made it big have the advantage. If you have no fan following at all, and think you can make it, I'm sorry to say it's 1% possible, 99% not. The dedication it requires, the amount of money, just for something to go bad is not worth it. I would find another career, sorry.
kelly wants to sell 500 shares of msft stock at the going market price after the stock reaches $78 a share. she bought the stock at $72 a share. which type of order should she place?
If Kelly wants to sell 500 shares of MSFT stock at the going market price after the stock reaches $78 a share and she bought the stock at $72 a share, then she should place a stop order.In trading, a stop order is an order that is placed to purchase or sell a security at a specified price or better.
A stop order to sell is also known as a stop-loss order. When the stock price falls to the specified price, the stop order to sell is executed.When the price of MSFT stock reaches $78 a share, Kelly can place a stop order to sell her shares. The stop price is set at $78, and the limit price is left open. If the stock's price drops below $78, the stop order will be triggered, and Kelly's shares will be sold. This type of order is beneficial because it allows the trader to protect their profits or limit their losses while avoiding the need to monitor the market constantly.In conclusion, Kelly should place a stop order to sell her 500 shares of MSFT stock when the stock reaches $78 a share.
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The selection of a proper site for a business facility is important in the production and operations management processes. Assume you are choosing a site for a small business you are starting (make sure to state the nature of your business), identify and discuss the three most important factors that influence the selection of your site.
The three most important factors that influence the selection of your site are;
Access to the necessary infrastructure.
2. The distance from your location to the closest port or train station.
3. The accessibility of the necessary Resources.
This is further explained below.
What is the business site?Generally, Websites and mobile apps owned, managed, or administered by or on behalf of the Company are referred to as "Business Sites" herein.
In conclusion, Access to the essential infrastructure, cost, and aesthetics are the three most significant aspects to consider when choosing a location for your business.
2. The distance that separates your position from the nearest railway station or port of entry.
3. The ease with which the required Resources may be accessed
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Create your own buy and sell stock problem
Answer:
The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.
Explanation:
Why would a business use a broad product mix?
a. To assure that the product lines are related
b. To promote one-stop shopping
c. To relate the products to the target market
d. To decrease legal liabilities
A business would use a broad product mix to promote one-stop shopping. Option b is correct.
A business would use a broad product mix to offer a wide range of products to their customers, promoting one-stop shopping and convenience. This can also help increase customer loyalty and sales as customers are more likely to find what they need in one place.
However, it is important for the business to ensure that the products in the mix are still related and relevant to their target market. Broadening the product mix may also increase legal liabilities as the business is now dealing with a wider range of products and potential risks. Thus, option b is correct.
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John F. Kennedy belleved that a leader should be
A. in the military
B. elected
C.a lifelong student
Answer:
c
Explanation:
Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answer:
cost leadership/competitive advantage
What characteristics of your resume are reviewed by software programs when you pursue
cold leads?
Explanation:
The software application in the application checks for the following features:
Parameters: first-ever element that is checked for is the Parameters listed in the application by the applicant, and whether or not they fit the appropriate position.
Abilities: The profile reads for factors such as confident, goal-oriented, group-worker,
Professional life outlines: It is important to note the business names as well as the companies they work under, which are normally reviewed by the program.
You are the manager who employs a participantive control approach. You have concluded that corrective action is necessary to improve customer satisfaction, but first you need to convince your employees that the problem exists. What kind of evidence do you think employees will find more compelling; quantitative measurements or anccdotes from your interactions with customers
Answer:
Quantitative measurements
Explanation:
A participative approach in management involves involving employees in decision making processes in the organization. This is a transparent approach that allows for effective communication between managers and employees.
In the above case, quantitative measurements will better convince employees because this would better provide an objective evidence to show that corrective actions work better in improving customer satisfaction. Anecdotes in comparison would merely be hearsay accounts and won't be taken seriously by employees
xyz inc. identified their main competing products, services and market segments. this is an example of a ?
This is an illustration of the a competitive analysis in which xyz inc. identified the key products, services, and market segments that it competed in.
How is a competitive analysis conducted?Researching key rivals as part of a competitor analysis is indeed a tactic used to learn more about their offerings, revenue streams, and marketing strategies. Conducting an competitive market study can help you implement more effective business strategies, fend off rivals, and gain market share, to name a few advantages.
How do you conduct a competitive analysis?Feature, market share, price, marketing, differentiators, strength, weaknesses, geography, culture, and customer feedback should all be investigated in a competitive analysis of your rivals. This post is intended for both new and experienced owners of small businesses who want to research their rivals to enhance their goods and services.
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Which is better: to lease or to buy?
A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice.
How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied to help you or someone else make their financing decision? Consider the following scenario:
Should Hilary lease or purchase?
Hilary is considering the purchase of a Ford F-150 Pickup and has negotiated a final price of $27,690. She’s trying to decide whether to lease or purchase the vehicle.
A lease-versus-purchase analysis involves evaluating the financial implications and considerations of leasing versus buying a vehicle. To conduct this analysis, several factors need to be taken into account:
Cost: Compare the total costs of leasing and purchasing, including the down payment, monthly lease payments, interest rates, and depreciation. Consider the expected length of ownership or lease term.
Ownership: Assess whether ownership is important. Leasing provides temporary possession, while buying offers long-term ownership and the ability to customize the vehicle.
Mileage and Usage: Consider the expected annual mileage. Leases typically have mileage restrictions, and exceeding them can result in additional charges. Evaluate whether the vehicle's intended use aligns with lease terms.
Maintenance and Repairs: Determine responsibility for maintenance and repairs. Leased vehicles often include warranty coverage, while purchased vehicles require the owner to bear these costs.
Resale Value: Evaluate the expected resale value of the vehicle. Purchased vehicles can be sold or traded at any time, while leased vehicles must be returned at the end of the lease term.
Applying this worksheet to Hilary's situation, she should compare the costs of leasing and purchasing the Ford F-150 Pickup over her intended ownership period. Consider factors such as her expected mileage, customization preferences, and maintenance requirements. By analyzing the costs, ownership benefits, and long-term goals, Hilary can make an informed decision on whether to lease or purchase based on her specific needs and financial circumstances.
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what is good about having a checking account?
Answer:
It allows you to deposit money that you can then draw against to pay bills or make purchases
Explanation:
what approach to strategic hrm deploys bundles of internally consistent hr practices to improve employee ability, motivation, and opportunities across the entire organization?
The "High performance work system" is the approach deployed by Human resources manager to improve employee ability, motivation, and opportunities.
Basically, the Human resources manager belongs to the department which is responsible for motivating and ensuring the well-being of employees so that productivity can be achieved at the workplace.
The High performance work system is the type of system that creates an environment which allows the employees to be greatly involved in activities which with greater responsibility.
The HRM deploys the HPWS because its allows the employees to feel and take more responsibility for improving the organization's products, services and processes.
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any reimbursement a taxpayer receives from a medical or accident insurance policy for medical expenses paid by the taxpayer during the current year are (taxable/nontaxable) for the taxpayer
Any reimbursement a taxpayer receives from a health or accident insurance policy for medical costs they paid for in the current year is exempt from taxation.
A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income from taxes on both citizens and businesses. Individual taxpayers must typically file and pay both federal and state tax returns each year in the US. While companies must also submit yearly returns, they typically budget for and make recurring anticipated tax payments throughout the year.
To assess their filing requirements for a specific year, individual taxpayers should check both the federal and state criteria. Individual taxpayers can find federal tax advice in the Internal Revenue Service's publication 501: Dependents, Standard Deduction, and Filing Information.
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Supply chain integration does not involve __________________ among supply chain members.
Supply chain integration does not involve competition among supply chain members.
Supply chain integration refers to the coordination and collaboration between different entities involved in the supply chain, such as suppliers, manufacturers, distributors, and retailers. The goal of supply chain integration is to streamline operations, improve efficiency, and enhance overall performance.
One of the key aspects of supply chain integration is the sharing of information and resources among supply chain members. This includes sharing data on inventory levels, production schedules, customer demand, and other relevant information.
By sharing information, supply chain members can make more informed decisions and work together to meet customer demands effectively.
However, supply chain integration does not involve competition among supply chain members. Instead, it emphasizes cooperation and collaboration.
The focus is on working together to achieve common goals, rather than trying to outperform or outdo one another. This helps to foster trust, build stronger relationships, and create a more efficient and effective supply chain.
Supply chain integration does not involve competition among supply chain members.
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Which functional groups will often assist Procurement in negotiating with suppliers when a supplier bid is received for a large order
The most common functional groups to assist Procurement in negotiations are finance, legal, and operations. Finance can provide information on pricing and financial performance, legal can provide advice on contract terms and conditions, and operations can provide insight into production and manufacturing capabilities.
1. Establish Goals: First, Procurement will need to establish the key goals of the negotiation in order to assess the supplier's bid. These goals may include getting the best price possible, ensuring the supplier can meet the deadlines and the quality standards, and understanding the terms of payment and delivery.
2. Analyze the Supplier Bid: Procurement should then analyze the supplier's bid to ensure it is suitable for the order. This includes assessing the price, quality, delivery times, payment terms, and any other factors that are important for the order.
3. Research the Supplier: Procurement should research the supplier to ensure they have the resources and expertise to deliver the order. This can include looking at the supplier's track record, customer feedback, and references.
4. Use Negotiation Tactics: Procurement should use negotiation tactics to get the best deal possible from the supplier. This can include asking for discounts, offering incentives for early delivery, negotiating for better payment terms, and so on.
5. Leverage Functional Groups: Procurement should leverage other functional groups, such as legal, finance, or operations, to provide additional leverage in negotiations. These groups can provide additional resources or expertise to assist.
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hoops incorporated sells basketballs. each basketball requires direct materials of $20.00, direct labor of $13.50, variable overhead of $14.50, and variable selling, general, and administrative costs of $12.00. the company has fixed overhead of $76,500 and fixed selling, general, and administrative costs of $83,500. the company has a target profit of $80,000. it expects to produce and sell 20,000 basketballs. the selling price per unit under the variable cost method is:
The selling price per unit under the variable cost method is $80.00.
To calculate the selling price per unit, we need to consider both the variable costs and the fixed costs. Variable cost per unit = Direct materials + Direct labor + Variable overhead + Variable selling, general, and administrative costs
Variable cost per unit = $20.00 + $13.50 + $14.50 + $12.00
Variable cost per unit = $60.00
Total fixed cost = Fixed overhead + Fixed selling, general, and administrative costs
Total fixed cost = $76,500 + $83,500
Total fixed cost = $160,000
Total cost per unit = Variable cost per unit + (Total fixed cost ÷ Number of units)
Total cost per unit = $60.00 + ($160,000 ÷ 20,000)
Total cost per unit = $68.00
Target profit per unit = Target profit ÷ Number of units
Target profit per unit = $80,000 ÷ 20,000
Target profit per unit = $4.00
Selling price per unit = Total cost per unit + Target profit per unit
Selling price per unit = $68.00 + $4.00
Selling price per unit = $72.00
Therefore, the selling price per unit under the variable cost method is $80.00.
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Explain the point of view of why the gender pay gap in sports is reasonable.
Please also list any sources used.
Answer:
In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.
This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answer:
Keyboarding and Math :)
Explanation:
Investment Management
Question 2
B. What are the implications if capital markets are not
efficient?
If capital markets are not efficient, it can have significant implications for investors, leading to suboptimal allocation of resources, increased volatility, and reduced overall market transparent Efficient capital markets are characterized by the quick and accurate incorporation of all relevant information into security prices.
However, if capital markets are not efficient, it implies that prices may not fully reflect available information, leading to potential mispricing of assets. This can have several implications for investors.
Firstly, a lack of market efficiency can result in suboptimal allocation of resources. If prices do not accurately reflect the true value of assets, investors may misallocate their capital, leading to inefficient investment decisions. For example, undervalued assets may not receive adequate investment, while overvalued assets may attract excessive capital, creating market distortions.
Secondly, inefficient capital markets can contribute to increased volatility. If prices are slow to adjust to new information, it can create opportunities for speculative trading and market manipulation. This can result in heightened price fluctuations and increased uncertainty for investors, making it more challenging to make informed investment decisions.
Lastly, a lack of market efficiency can reduce overall market transparency. If prices do not accurately reflect underlying fundamentals, it becomes difficult for investors to assess the true value of securities. This lack of transparency can erode investor confidence and hinder the efficient functioning of the market.
If capital markets are not efficient, it can lead to suboptimal resource allocation, increased volatility, and reduced market transparency, posing challenges for investors and the overall functioning of the financial system.
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Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!
Answer:
1. Consumer.
2. Producer.
3. Transportation.
4. Marketing.
5. Harvesting.
6. Processing.
7. Retail/food service.
Explanation:
Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.
Basically, the seven (7) steps or segments in the food supply continuum include the following;
1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.
2. The producer is responsible for raising a healthy animal.
3. The segment which carries the animal from the farm to the market is transportation.
4. The segment which sells the animal to the packer is marketing.
5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.
6. The segment which processes the carcasses into retail cuts is processing.
7. The segment which involves a negotiator is the retail/food service.