The Sunland Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $80 a night. Operating costs are as follows:

Salaries $5,400 per month
Utilities $1,200 per month
Depreciation $1,100 per month
Maintenance $2,140 per month
Maid service $19 per room
Other costs $37 per room

Required:
a. Determine the inn's break-even point in number of rented rooms per month.
b. Determine the inn's break-even point in dollars.

Answer:

1962

Explanation:

the formula is

A=p(1+rt)

A=1,800×(1+0.0225×4)

A=1962

Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.

As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.

If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.

Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.

Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.

Explanation:

The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.

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Answer:

In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).

1. record a deferred tax asset

Explanation:

For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset.  This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting.  Deferred tax asset arises from the overpayment or advance payment of taxes.  The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.

(A) The arithmetic mean of this data is 15.4. (b) The arithmetic mean is a statistic.

Arithmetic mean, also known as the average, is a mathematical concept used to measure the central tendency of a population or data set. It is calculated by adding all of the values in a population or data set, and then dividing the sum by the number of values. The result of this calculation is the arithmetic mean, which provides an estimate of the average value in a given population or data set. It is useful for summarizing the average value of a set of numbers and is one of the most commonly used statistical measures. Arithmetic mean is important to understand because it provides a way to compare different populations or data sets, and can be used to make decisions about the data.

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Answer:

A. 1.60

Explanation:

For computation of operating leverage factor first we need to determine the required contribution which is shown below:-

Required Contribution = Target Profit + Fixed Cost

= $25,000 + $15,000

= $40,000

Operating Leverage Factor = Contribution ÷ Operating Income

= $40,000 ÷ $25,000

= $1.60

Therefore for computing the operating leverage factor we simply applied the above formula.

Social learning theory in psychology suggests that people can learn new behaviors and attitudes by observing others.

Social learning theory in psychology suggests that people can learn new behaviors and attitudes by observing others. .This can be applied in the workplace by creating positive role models and opportunities for employees to observe and learn from successful colleagues. For example, companies can hold regular training sessions or workshops where top performers share their experiences and strategies.

Additionally, reinforcement, another principle of social learning theory, can be used in the workplace to encourage desired behaviors. Reinforcement can be either positive (rewards) or negative (punishments) and can increase or decrease the likelihood of a behavior being repeated. For example, an organization can offer incentives such as bonuses or recognition for employees who meet certain performance targets, or implement consequences for those who consistently fail to meet expectations.

Finally, modeling can also be used to enhance employee dignity and performance. Modeling involves providing examples of appropriate behavior for employees to follow. For example, a company can establish a code of conduct that outlines the values and behaviors expected of employees, and ensure that all managers serve as positive role models by following these guidelines themselves.

By incorporating these principles of social learning theory, organizations can create a positive work environment that fosters growth, learning, and development among employees, leading to improved dignity and performance.

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The annual depreciation for all three cash registers is $1,020. The total amount of depreciation expenses attributed to a specific asset since the asset was used is known as accumulated depreciation.

It is a contra asset account, meaning that the amount in the asset account to which it is often linked is offset by the balance in the counter asset account.

The same amount that is credited to the accumulated depreciation account whenever a company records depreciation expenses allows the company to show both the asset's cost and total depreciation. Additionally, this displays the asset's net book value on the balance sheet.

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Answer:

Lonnie Holdiman Co.

A Schedule showing the determination of the corrected income before taxes for 2020 and 2021:

                                                                             2020         2021

Before-tax income                                           $101,000    $77,400

1. Excess Sales revenue                                    (38,200)    38,200

2. December 31, 2020 Inventory understated   8,640      (8,640)

3. Amortized bonds discount not expensed      (1,776)       (1,901)

4. Equipment repairs not expensed                  (8,500)     (9,400)

5. Overstated depreciation from capitalized

   Equipment repairs                                             850           940

Corrected income before taxes                    $62,014   $96,599

Explanation:

a) Data and Calculations:

Before-tax income for 2020 = $101,000

Before-tax income for 2021 = $77,400

1. 2020 Sales Revenue $38,200; 2021 Sales Revenue $38,200

2. 2020 Understated inventory $8,640; 2021 Understated inventory $8,640

3. 2020 Unstated bonds interest expense $1,776

2021 Unstated bonds interest expense $1,901

4. 2020 Unstated equipment repairs $8,500 Overstated Equipment account $8,500

2021 Unstated equipment repairs $9,400 Overstated Equipment account $9,400

2020 Overstated Depreciation expense $850

2021 Overstated Depreciation expense $940.

Bonds Calculations:

Bonds outstanding value:

Bond's face value =        $250,000

Discount =                            15,000

Proceeds from bonds = $235,000

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,450 ($235,000 * 7%)

Amortized discount = $1,450

December 31, 2017:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,450 ($235,000 * 7%)

Amortized discount =          $1,450 ($16,450 - $15,000)

Outstanding value = $236,450 ($235,000 + 1,450)

December 31, 2018:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,552 ($236,450 * 7%)

Amortized discount =          $1,552 ($16,552 - $15,000)

Outstanding value = $238,002 ($236,450 + 1,552)

December 31, 2019:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,660 ($238,002 * 7%)

Amortized discount =          $1,660 ($16,660 - $15,000)

Outstanding value = $239,662 ($238,002 + 1,660)

December 31, 2020:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,776 ($239,662 * 7%)

Amortized discount =          $1,776 ($16,776 - $15,000)

Outstanding value = $241,438 ($239,662 + 1,776)

December 31, 2021:

Bonds coupon payment = $15,000 ($250,000 * 6%)

Bonds Interest expense = $16,901 ($241,438 * 7%)

Amortized discount =           $1,901 ($16,901 - $15,000)

Outstanding value = $243,339 ($241,438 + 1,901)

Depreciation on Capitalized Equipment Repairs:  

Excess depreciation expense:

2020 = $850 ($8,500 * 10%)

2021 = $940 ($9,400 * 10%)          

A sustainable financial model that is adaptable to changing market conditions is what was ignored

The core concept that industry titans overlooked, eventually necessitating a bailout, was constructing and sustaining a pliable monetary ploy attuned to shifting market conditions.

Prior to the aid package, auto-manufacturers homed in on sales of high fuel-consumption SUVs and trucks which were appealing due to inexpensive gas costs combined with easily accessible credit.

The dismayingly tardy adaptation to changing patron likes for more fuel-thrifty and environment friendly motorsides - along with mounting rivalry from overseas powerhouses - drove automakers into a perilous condition, where they ultimately felt the blow of 2008’s global fiscal crunch, harshly diminshing productivity as well as profits.

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It is generally uncommon for people to decide a place of residence based on E. credit score

When people look for places to stay, they think about their:

People only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.

In conclusion, most people do not select residence based on credit score.

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An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.

The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.

An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.

The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.

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Answer:

aliens could be

Explanation:

there is no real proof but there have been suspicions

Answer:

say whatt

Explanation:

The correct answer is:

d. Cash paid for equipment

Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.

Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.

Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

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Answer:

Dr Cash$561,360

Dr Finance charge expense $8,640

Cr Finance arrangement $570,000

Explanation:

Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.

Dr Cash$561,360

[$570,000-($720,000*1.2%)]

$570,000-$8,640

=$561,360

Dr Finance charge expense $8,640

($720,000*1.2%)

Cr Finance arrangement $570,000

(Being to record the borrowing on the books of High Five Surfboard )

Answer:down

Explanation:The four dimensions of human resource management practices are: Managing The Human Resource Environment, Acquisition and Preparation of Human Resources, Assessment and Development of Human Resources, and Compensation of Human Resources as stated by Noe et al (2010).

Answer: HR managers carry out a variety of tasks to ensure a business runs smoothly. The various dimensions of management functions in Human Resource management are as follows:

Explanation:

a. Planning

Planning for various things, from the hiring process to training and development programs, is the most crucial duty of an HR manager. Planning lays the foundation for other HR management responsibilities, such as determining job qualifications and the organization's need for recruitment.

b. Organizing

An HR manager is responsible for performing this role after the planning phase (discussed above) is finished. To meet the requirements and wants of the workforce while achieving business goals, they must create strategies and programs.

c. Directing

To carry out the goals and plans they have developed, HR managers need personnel. As a result, they lead their teams in a way that carries out the manager's goals and strategies. They assign tasks to the team members and keep tabs on their performance to assess their progress.

d. Controlling

One of the most significant managerial duties and obligations of an HR manager is this. In doing so, the HR manager monitors deviations, corrects them, and compares the results to the objectives. This entails tasks like audits and appraisals.

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To create an effective resume, you must explain your educational and professional experiences. If you are still a student looking for your first professional opportunity, a good way to attract the attention of recruiters is to include your awards won in the educational environment on your resume.

Some tips can be important for you to create an attractive resume. It's always good to align your experiences with the area you want to compete in, that is, include courses, extra curricular experiences and awards that have to do with the field of work that interests you. Other important tips are:

Therefore, for a student to create an effective curriculum, the inclusion of awards and achievements from student life will attract the attention of the recruiter by showing interest, dedication and perspectives of the candidate, being a great opportunity to win a job.

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Answer:

It closely follows Freytag's pyramid

Explanation:

If  the money supply is $8 million and reserves are $1 million, reserve requirment is 12.50%.

Reserve requirement is the portion of deposit received by banks that the central bank requires to be kept as deposit.

Reserve requirment = (reserves / money supply) x 100

(1 / 8) x 100 = 12.50%

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Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.

There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.

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The ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.

Accounts Receivable refers to the amount of money owed to a company by its customers for goods or services that have been sold but not yet paid for. In other words, it represents the company's right to receive payment from its customers. Accounts Receivable is considered an asset on the company's balance sheet and is often a significant component of a company's working capital. As customers make payments on their outstanding balances, the amount in Accounts Receivable decreases, and the amount of cash on the company's balance sheet increases.

To determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts, we need to take into account all the transactions that occurred during the period.

Beginning balance in Accounts Receivable: $196,800

Add: Net credit sales: $864,300

Less: Collections: ($687,610)

Less: Write-offs: ($6,804)

Add: Recovery of previously written-off account: $3,219

Ending balance in Accounts Receivable: $369,905

Beginning balance in Allowance for Doubtful Accounts: ($9,510)

Less: Write-offs: $6,804

Add: Bad debt expense: $18,075

Ending balance in Allowance for Doubtful Accounts: $1,761

Therefore, the ending balance in Accounts Receivable is $369,905 and the ending balance in Allowance for Doubtful Accounts is $1,761.

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An effective technique to introduce your company's goals and pique interest in your goods or services is through an elevator pitch. A compelling pitch will draw in potential.

The object being sold is referred to as a product. A service or even an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.

The easiest way to distinguish between a product and a solution is to say that a product is what you have made and what it is capable of. A business outcome who offers your clients quantifiable value is a solution.

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Answer:

The credit terms 2/10, n/30 are interpreted as:

Explanation:

I will explain using an example:

On January 2, the company sells $1,000 worth of goods with credit terms 2/10, n/30.

January 2

Dr Accounts receivable 1,000

    Cr Sales revenue

If the client pays within the discount period:

January 11

Dr Cash 980

Dr Sales discounts 20

    Cr Accounts receivable 1,000

If the client pays after the discount period but before 30 days:

January 31

Dr Cash 1,000

    Cr Accounts receivable 1,000

The credit terms 2/10, and n/30 are interpreted as a 2% cash discount if the amount is paid within 10 days, or the balance is due in 30 days. Thus, option A is the correct option.

Trade credits like 2/10 net 30 are frequently provided by suppliers to purchasers. It stands for an agreement that if payment is made within 10 days, the buyer would get a 2% reduction on the net invoice amount. Otherwise, you have 30 days to pay the entire invoice amount.

It's a common way to express an early payment discount. In accounting, the discount amount and the window of availability are typically represented using a formula like 2/10, n/30. This implies that if the invoice is paid in full within ten days, a 2% reduction is applied; otherwise, the full amount is owed.

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Answer:

Women has always been discriminated against forever because of our sex. Men feel they should always be in charge so they should make more money

Answer:

The message is as follows:

Mr. Fitzpatrick, I’m so sorry your ordered chainsaw hasn’t arrived. I know how frustrating this must be. I’ve tracked the package and it’s currently listed as processed. I am attaching a link here so that you can track its progress.

Please contact me directly if your order hasn’t arrived within the given timeframe. In the meantime, I will do everything I can to locate your package.

Once again, I sincerely apologize for the inconvenience.

Explanation:

No explanation is required to support the answer.

Answer:

The three main variables among the different types of life insurance policies are how long the coverage lasts, how much the premium costs, and the cash value.

Answer: The three key differences between the various types of life insurance policies are the duration of the coverage, the cost of the premium, and the cash value.

Explanation: The three key differences between different types of life insurance policies are the length of coverage, the cost of the premium, and the cash value.

The statement "If you benefit from an action you've taken, that means it must have been unethical" is false.

The statement that if you benefit from an action you've taken, it must have been unethical is not necessarily true. Ethics refers to the principles of right and wrong conduct, and whether an action is considered ethical or not depends on various factors, such as the intention behind the action, the consequences it brings, and the ethical frameworks or standards used to evaluate it.

It is possible for an action to be both beneficial and ethical. Many actions that benefit individuals or society at large can also align with ethical principles. For example, donating money to a charitable organization can be both beneficial in terms of helping those in need and ethical in terms of promoting fairness, compassion, and social welfare.

On the other hand, it is also possible for actions that benefit someone to be unethical. For instance, if someone gains personal advantage by deceiving or harming others, their benefit would be unethical because it comes at the expense of others' well-being or violates ethical principles such as honesty, fairness, or respect for others.

In summary, the relationship between benefit and ethics is not a direct correlation. While it is possible for actions to be both beneficial and ethical, it is also possible for actions to be unethical even if they result in personal benefit. Ethical evaluations require considering a broader perspective and assessing the underlying principles and consequences of the action, rather than simply focusing on personal gain.

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Answer:

$300 and $21,700 respectively.

Explanation:

Preference Stock has preference when it comes to payment of dividends. So the dividend declared is first paid to Preference Stock holders then the remainder to Common Stock Holders.

Preference Stock Dividend :

Dividend = 600 shares x 5% x $10 = $300

Common Stock Dividend :

Dividend = $22,000 - $300 = $21,700

therefore,

The amount of dividends paid to preferred and common shareholders in year 1 is: $300 and $21,700 respectively.