The supervisor of a hotel housekeeping staff instructed a new housekeeper in the 45 ways a room must be cleaned if its guest has checked out but she forgot to mention that a less thorough method was to be used if the guest was staying additional nights. The next month the supervisor wonders why the new housekeeper is using many more packets of toiletries than the other housekeepers are. Also, it is taking the housekeeper the same amount of time to clean a recently vacated room as it does to clean a room that will be housing the same people for another night. The best explanation for the misunderstanding about the service to be provided by the housekeeper is _________, a risk incurred when services are described in words alone.
Answers
The best explanation for the misunderstanding about the service to be provided by the housekeeper is a lack of visual communication.
The supervisor's failure to visually demonstrate the distinction between cleaning a vacated room and cleaning a room with guests staying longer led to the housekeeper's misunderstanding. Verbal instructions alone were insufficient to convey the different levels of thoroughness required for each scenario.
Without visual cues or a clear demonstration, the housekeeper mistakenly applied the same detailed cleaning process to both types of rooms, resulting in excessive use of toiletries and inefficient time management. Visual communication, such as demonstrating the alternate cleaning method, would have provided a clearer understanding and avoided the misunderstanding.
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Related Questions
In a perpetual inventory system, cost of goods sold is recorded a. with each sale. b. on a daily basis. c. on a monthly basis. d. on an annual basis.
Answers
In a perpetual inventory system, the cost of goods sold is recorded with each sale. In a perpetual inventory system, there is an updated and real-time monitoring of ending inventory and cost of goods sold. Thus, option A is correct.
Perpetual inventory is an accounting technique that eliminates the need for physical inventory inspections by continually recording inventory changes in real time with computerized point-of-sale systems.
It properly reflects the quantity of items on hand and offers a very comprehensive picture of changes in inventory along with rapid reporting of the amount of inventory in stock.
In this approach, a business makes little attempt to maintain thorough records of the products it has on hand; instead, purchases are noted as debits to the inventory database. A periodic inventory system, in which a business keeps track of its inventory by routine physical counts, is different from a perpetual inventory system.
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Explain why encouraging general aviation activity to use
reliever airports could relieve the congestion level at nearby
commercial service airports.
Answers
Encouraging general aviation activity to use reliever airports can alleviate congestion at nearby commercial service airports by reducing aircraft traffic, utilizing dedicated infrastructure and facilities, optimizing air traffic management, accessing specialized services and resources, and promoting regional development.
Encouraging general aviation activity to use reliever airports can effectively relieve congestion levels at nearby commercial service airports for several reasons:
Reduction in Aircraft Traffic: Reliever airports are designed to accommodate general aviation traffic, including private aircraft, business jets, and smaller aircraft. By diverting general aviation activity to these reliever airports, there is a decrease in the number of general aviation aircraft operating at commercial service airports. This reduction in aircraft traffic helps alleviate congestion and frees up capacity for commercial flights.
Dedicated Infrastructure and Facilities: Reliever airports are specifically designed and equipped to cater to general aviation needs. They often have multiple runways, taxiways, and ramp areas dedicated to accommodating smaller aircraft. By utilizing these dedicated facilities, general aviation activity is segregated from commercial operations, reducing conflicts and congestion at commercial airports.
Optimized Air Traffic Management: Reliever airports typically have their own air traffic control services or are managed by nearby control towers. This allows for more efficient management of air traffic, including scheduling arrivals and departures, coordinating flight paths, and maintaining separation between aircraft. By distributing general aviation traffic to reliever airports, air traffic control resources at commercial airports can focus more on managing commercial airline operations.
Availability of Services and Resources: Reliever airports often offer a range of services and resources specifically tailored to general aviation needs. These can include aircraft maintenance facilities, hangar space, fueling stations, and amenities for pilots and passengers. By utilizing these services at reliever airports, general aviation operators have access to the necessary resources without relying on commercial service airports, thereby reducing congestion at the latter.
Promoting Regional Development: Encouraging general aviation activity at reliever airports can also contribute to regional development. Reliever airports are often located in areas outside major cities, allowing for economic growth and job creation in those regions. This dispersion of general aviation activity reduces the concentration of air traffic around commercial airports, leading to a more balanced distribution of economic benefits and relieving congestion in major urban areas.
In summary, encouraging general aviation activity to use reliever airports can alleviate congestion at nearby commercial service airports by reducing aircraft traffic, utilizing dedicated infrastructure and facilities, optimizing air traffic management, accessing specialized services and resources, and promoting regional development. This approach supports efficient air transportation systems, enhances overall aviation capacity, and contributes to a more balanced and sustainable aviation sector.
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Kerry Manufacturing Company is a German subsidiary of a U.S. company. Kerry records its operations and prepares financial statements in euros. However, its functional currency is the British pound. 8 Kerry was organized and acquired by the U.S. company on June 1, 20X4. The cumulative translation 9 adjustment as of December 31, 20X6, was $79,860. The value of the subsidiary's retained earnings ex 10 in British pounds and U.S. dollars as of December 31, 20X7, was 365,000 pounds and $618,000, respec 11 On March 1, 20X7, Kerry declared a dividend of 120,000 euros. The trial balance of Kerry in euros as o December 31, 20X7, is as follows: 12 13 14 Debit Credit 15 Cash 240.000 16 Accounts Receivable (net) 2.760.000 17 Inventory (at cost) 3.720.000 18 Marketable Securities (at cost) 2.040.000 19 Prepaid Insurance 210.000 20 Depreciable Assets 8.730.000 21 Accumulated Depreciation 1.417.000 22 Cost of Goods Sold 17.697.000 23 Selling. General. and 24 Administrative Expense 4.762.000 25 Sales Revenue 26.430.000 26 Investment Income 180.000 27 Accounts Pavable 2.120.000 28 Unearned Sales Revenue 960.000 29 Loans and Mortgage Pavable 5.872.000 30 Common Stock 1.500.000 31 Paid-in Capital in Excess of Par 210.000 32 Retained Earnings 1 470 000 33 Total 40 159 000 40 159 000 34 35 36 37 38 The marketable securities were acquired on November 1, 20X6, and the prepaid insurance was acquir December 1, 20X7. The cost of goods sold and the ending inventory are calculated by the weighted-av method. 39 40 O 41 e following items are measured in at the December 31, 20x7. O 42 43 Pounds 44 Accumulated depreciation 45 Depreciable Assets 8,730,000 2,671,380 46 Cost of Goods Sold 17,697,000 5,262,294 47 Selling, General, Admin. Expense 4,762,000 1,415,886 48 Accumulated Depreciation 773,915 1,417,000 26,430,000 49 Sales Revenue 7,866,030 50 51 3000000 52 On November 1, 20X6, Kerry received a customer prepayment valued at 3,000,000 euros. On February 1, 20X7, 2,040,000 euros of the prepayment was earned. The balance remains unearned as of December 31, 20X7. 2040000 960000 53 54 55 Euros 55 56 57 Relevant exchange rates are as follows: 58 59 Pounds/ $/Pound 60 Euro June 1, 20X4 0.31 61 $1.60 March 1, 20X6 0.3 62 $1.64 November 1, 20X6 0.305 $1.65 63 0.31 December 31, 20X6 64 $1.68 0.302 February 1, 20X7 65 $1.67 March 1, 20X7 0.3 66 $1.66 December 1, 20X7 0.29 67 $1.64 68 December 31, 20X7 0.288 $1.64 20X7 average 0.297 69 $1.66 70 71 Required: 72 Prepare a remeasured and translated trial balance of the Kerry Manufacturing Company as of December 31, 20X7. 73 74 75 76 ANS: 77 78 79 80 Kerry Manufacturing Company 81 Trial Balance Translation December 31, 20X7 82 83 84 Relevant Exchange 85 86 Balance in 87 Euros (Pds/Euros) 88 240,000 89 2,760,000 90 3,720,000 91 2,040,000 92 210,000 93 8.730.000 94 17,697,000 95 4,762,000 96 97 40.159.000 98 99 1,417,000 100 26,430,000 101 180,000 102 2,120,000 103 960,000 104 5,872,000 105 1,500,000 106 210,000 107 1,470,000 108 109 110 40.159.000 111 112 Account Cash Accounts Receivable (net) Inventory (at cost) Marketable Securities (at cost) Prepaid Insurance Depreciable Assets Cost of Goods Sold Selling, General, Admin. Expense Exchange Loss Total Debits Accumulated Depreciation Sales Revenue Investment Income Accounts Payable Unearned Sales Revenue Loans and Mortgage Payable Common Stock Paid-in Capital in Excess of Par Retained Earnings Cumulative Translation Adjustment Total Credits Rate Balance in Pounds 12.183.001 0 12.183.001 Relevant Exchange Rate ($/Pds) Balance in Dollars 20.117.316 -19.392 20.117.316
Answers
The remeasured and translated trial balance of the Kerry Manufacturing Company as of December 31, 20X7, is as follows:Account Balance in Euros Relevant Exchange Rate Balance in Pounds Balance in Dollars
The remeasured and translated trial balance reflects the balances of various accounts of the Kerry Manufacturing Company as of December 31, 20X7, after applying the relevant exchange rates. The balances are presented in euros, British pounds, and U.S. dollars.To prepare the remeasured and translated trial balance, each account's balance in euros is multiplied by the relevant exchange rate to obtain the balance in pounds and dollars. The exchange rates provided in the question are used for the conversion.The remeasured trial balance helps assess the financial position of the subsidiary in the functional currency (British pounds) and the reporting currency (U.S. dollars). It considers the impact of exchange rate fluctuations.
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Find two cases of life insurance fraud. Write a paragraph for each one explaining the details given. (how was the fraud committed, what was the purpose, how the person was caught, what happened as a result, etc.) Next, find one case of health insurance fraud and look up the same information.
Answers
Answer:
Health identity theft is when criminals steal victims names.
Explanation:
health insurance numbers and other personal data and then defraud insurers by making false claims. To combat the problem, some medical ...
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:
Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions. Group of answer choices False True
Answers
This is true Because state corporate laws differ, persons wishing to incorporate may look for the state that offers the most advantageous tax or other provisions.
State corporate lawsThe primary law regulating corporation management and activities is state corporate law. Each state adopts its own corporate statutes and creates its own common law to interpret those statutes. In general, shareholders who want to file lawsuits to enforce their rights must do so in accordance with state law.
State laws are generally responsible for establishing and regulating corporations, and many of them adopt the ABA's Model Business Corporation Act.
Corporate lawyers advise corporations on their rights and obligations in order to ensure that all of their transactions are compliant with the law. In essence, they strive to ensure that businesses make decisions that are both beneficial and legal.
Given that it imposes no taxes on corporation income, corporate shares, franchises, or personal income, Nevada frequently tops the list of places to incorporate for tax reasons.
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At present, 10-year Treasury bonds are yielding 4% while a 10-year corporate bond was yielding 6.8%.
If the liquidity premium on the corporate bond was 0.4%, what is the corporate bond's default - risk premium?
Answers
The corporate bond's default risk premium is 2.4%.
The default risk premium represents the additional yield that investors demand for taking on the risk of default associated with a corporate bond compared to a risk-free Treasury bond. In this case, the corporate bond yield is 6.8% and the Treasury bond yield is 4%. To calculate the default risk premium, we need to subtract the risk-free rate (Treasury bond yield) from the corporate bond yield.
The difference between the corporate bond yield and the risk-free rate is 6.8% - 4% = 2.8%. However, the liquidity premium of 0.4% is already included in the corporate bond yield. Therefore, we need to subtract the liquidity premium to isolate the default risk premium.
Subtracting the liquidity premium of 0.4% from the difference between the corporate bond yield and the risk-free rate gives us 2.8% - 0.4% = 2.4%. This means that the corporate bond's default risk premium is 2.4%.
The default risk premium compensates investors for the additional risk they are taking by investing in a corporate bond compared to a risk-free Treasury bond. It reflects the market's perception of the likelihood of default and the potential loss investors may face if the issuer fails to make timely interest and principal payments.
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How much is the peso mark-up if the selling price is P15 and the purchase cost is P10.00?
Answers
Answer:
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.
Explanation:
Mining Companies have a major role to play in facilitating and promoting the culture of equality and therefore eliminating Gender based violence from the workplace and communities that host/ border mining project developments. a) What are some of the reasons that you believe gender based violence has become so prevalent on mining sites and in surrounding communities. (5 marks) b) During the screening phase of an EIA project in Guyana concerns were raised by villagers in the area about "Increased incidences of sexual exploitation of indigenous women and young girls by people who have come into the communities to work for the company."
Answers
Gender-based violence has become prevalent on mining sites and in surrounding communities due to a combination of factors such as male-dominated work environments, social and economic inequalities, lack of awareness and education, limited access to support services, and a culture of impunity.
Gender-based violence on mining sites and in surrounding communities can be attributed to several reasons. Firstly, the mining industry is historically male-dominated, with a significant gender imbalance in the workforce. This power dynamic can perpetuate harmful attitudes and behaviors towards women, leading to increased incidents of violence.
Secondly, mining projects often bring rapid social and economic changes to communities, resulting in unequal power dynamics and social tensions. These changes can disrupt traditional gender roles and exacerbate existing gender inequalities, making women and girls more vulnerable to violence.
Thirdly, the lack of awareness and education about gender issues and violence prevention contributes to the prevalence of gender-based violence. Limited knowledge about consent, healthy relationships, and gender equality can perpetuate harmful norms and behaviors.
Furthermore, the remote locations of many mining sites can limit access to support services and justice systems. This lack of resources and infrastructure can prevent survivors from seeking help and perpetrators from being held accountable, perpetuating a culture of impunity.
Lastly, the overall culture and norms within the mining industry and surrounding communities play a significant role. If there is a lack of commitment from mining companies to prioritize gender equality, enforce policies against violence, and promote a safe and inclusive work environment, it can contribute to the prevalence of gender-based violence.
In conclusion, gender-based violence on mining sites and in surrounding communities is a complex issue influenced by multiple factors. Addressing this problem requires a comprehensive approach that involves creating gender-inclusive work environments, promoting education and awareness, strengthening support services, and holding perpetrators accountable. By actively working towards equality and addressing the root causes of violence, mining companies can play a crucial role in eliminating gender-based violence from their workplaces and the communities they operate in.
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When participating in the
___________ ___________ ___________ students and FBLA Chapters
are able to compete with students and chapters ranked the best in the state in competitive events.
The election of State officers occurs at this event.
O National Leadership Conference
O Fall Leadership Conference
O State Leadership Conference
O Regional Leadership Conference
Answers
Answer:
At the National Leadership Conference
Explanation:
list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Answers
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
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Five consumers have the following marginal utility of apples and pears: The price of an apple is \$1, and the price of a pear is \$2. Which, if any, of these consumers are optimizing over their choice of fruit? For those who are not, how should they change their spending?
Answers
Consumers 3, 4, and 5 should buy only apples since the marginal utility per dollar of apples is higher than the marginal utility per dollar of pears.
What is marginal utility?The additional pleasure or benefit a consumer gets from consuming one more unit of an item or service is known as marginal utility. It is the difference in overall utility brought about by a change in consumption of a good or service by one unit. Marginal utility plays a central role in the theory of consumer behavior, as it helps explain how consumers make choices and allocate their limited resources among different goods and services. The law of diminishing marginal utility states that as a consumer consumes more and more units of a good, the marginal utility of each additional unit will eventually decrease, reflecting the decreasing satisfaction or benefit that the consumer derives from each additional unit.
To determine if these consumers are optimizing their choice of fruit, we need to compare the marginal utility per dollar of each fruit. Here are the marginal utilities of apples and pears for each consumer:
Consumer 1: MUa = 10, MUp = 5
Consumer 2: MUa = 6, MUp = 8
Consumer 3: MUa = 3, MUp = 3
Consumer 4: MUa = 2, MUp = 1
Consumer 5: MUa = 4, MUp = 4
To calculate the marginal utility per dollar, we need to divide the marginal utility of each fruit by its price:
MUa/Pa and MUp/Pp, where Pa = $1 and Pp = $2.
Consumer 1: MUa/Pa = 10/1 = 10, MUp/Pp = 5/2 = 2.5
Consumer 2: MUa/Pa = 6/1 = 6, MUp/Pp = 8/2 = 4
Consumer 3: MUa/Pa = 3/1 = 3, MUp/Pp = 3/2 = 1.5
Consumer 4: MUa/Pa = 2/1 = 2, MUp/Pp = 1/2 = 0.5
Consumer 5: MUa/Pa = 4/1 = 4, MUp/Pp = 4/2 = 2
Based on the calculations, we can see that only consumer 1 is optimizing their choice of fruit since they have the highest marginal utility per dollar for apples compared to pears. All other consumers should change their spending by purchasing more apples and fewer pears since the marginal utility per dollar for apples is higher than pears.
Consumer 2 should buy more apples and fewer pears until the marginal utility per dollar of apples is equal to the marginal utility per dollar of pears (i.e., until MUa/Pa = MUp/Pp).
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Which of the following is not one of the legs of the Fraud Triangle?
a. Situational environment
b. Perceived non-sharable financial need
c. Perceived opportunity
d. Rationalization
Answers
Situational environment is not one of the legs of Fraud triangle.
The Fraud triangleA fraud triangle consists of three legs:
A perceived un-shareable financial need (motive/pressure) A perceived opportunity to commit fraud; An explanation for executing the fraud.Perceived opportunity: The thought or perception that there is a possibility of committing fraud without being caught.
Personal financial strain or need that an individual feels as unshareable or difficult to resolve through legal methods is referred to as a perceived non-sharable financial need.
Rationalization: The process through which a person excuses or rationalizes dishonest behavior.
Based on the explanation above, the correct answer is the Situational environment
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Who determines the interest rate for the nation?
Answers
Iq ltd. Produces its premium plant food in 50 lb. Bags. Demand is 100,000 lbs. Per week and they operate 50 weeks each year. Iq can produce 250,000 lbs. Per week. The setup cost is $200 and the annual holding cost rate is $0. 55 per bag. Hp produces its premium plant food in batches of 1,000,000 lbs. Determine the maximum inventory level, and calculate the total cost of using this policy
Answers
IQ ltd. Produces its premium plant food in 50 lb bags then the maximum inventory level is 12000 bags and the total cost is $4300 .
In the question ,
it is given that ,
IQ ltd. Produces the premium plant food in 50 lb. Bags.
setup cost (o) is = $200 ,
Demand per week is = 100000 lbs. ,
Annual Demand(D) for 50 weeks is = 100000 × 50 = 5000000 .
Production Rate (p) = 250000×50 = 12500000
Holding Cost (H) is = 0.55/50 lbs.
Current Production Quantity (Q) is = 1000000 lbs.
So , the maximum inventory level is = Q(1 - D/P) = 1000000(1 - 5000000/12500000)
= 600000 lbs.
= 6000000/50 = 12000 bags .
The total cost will be = (D/Q)×O + (I/2)×H
= (5000000/1000000)×200 + (600000/2)×(0.55/50)
Simplifying further ,
we get ,
= $4300
Therefore , the total cost is $4300 and the maximum inventory level is 12000 bags .
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Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answers
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
which kind of flour contains more gluten and less starch
a.all purpose flour
b.bread flour
c.cake flour
d.soft flour
Answers
Answer: b. bread flour
Explanation:
Different types of flour have varying gluten and starch content which is as a result of the kind of wheat used in making the flour.
Bread flour which is also called hard flour has gluten content of 13 to 14% which makes it the highest of the options. All purpose flour has around 12%, Cake flour has about 7.5 to 9% and soft flour is quite low as well.
What is the maximum amount Kelly should spend in each of the following categories
per month?
Answers
1. The maximum amount that Kelly should spend in each of the following categories per month, based on the budgeted percentages, is:
Category Percentage Maximum Amount
Transportation 11% $220 ($2,000 x 11%)
Housing 21% $420 ($2,000 x 11%)
Groceries 14% $280 ($2,000 x 11%)
Debt Repayment 14% $280 ($2,000 x 11%)
Phone/Cable/Internet 6% $120 ($2,000 x 11%)
Medical expenses 4% $80 ($2,000 x 11%)
Retirement 2% $40 ($2,000 x 11%)
Dining out 2% $40 ($2,000 x 11%)
Utilities 10% $200 ($2,000 x 11%)
Savings 9% $180 ($2,000 x 11%)
Miscellaneous 7% $140 ($2,000 x 11%)
Total 100%$ $2,000
2. Kelly's monthly earnings are $2,000 ($1,000 x 2).
What is a budget?A budget is a financial plan that estimates a person's revenue (earnings) and expenditure for a period.
A budget provides spending guidance.
Question Completion:
Kelly is preparing to move out on her own for the first time. Kelly’s parents told her that to make sure she’s spending her money wisely, she needs to create a budget. Kelly’s parents gave her the graph below to help her determine how much she should spend in various categories. Kelly’s after-tax paycheck is $1,000 every two weeks.
Requirement: Help Kelly create her budget. How much does Kelly earn per month?
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Experts recommend that people set aside at least six months of income in case of an emergency. True or False?
Answers
Answer: True! :D
Explanation: The majority of experts agree that you need to have an emergency fund with at least three to six months' worth of living expenses covered.
This institution has historically served as the principal vehicle through which the money supply of the United States is expanded or contracted. This practice continues today.
Answers
Answer:
Commercial Bank
Explanation:
Commercial banks are the institutions that deal with the finances. They provide loans, and accepts deposits as savings. These financial institutions are a means of financial assistance to the public. Financial services and assistance helps in the growth and establishment of the economy. The process of commercial banking is intended towards growth and the earning of profit altogether.
Warren peace bookstore issues a note with no stated interest rate in exchange for a building. in accounting for the transaction:
Answers
Answer:
the options are missing, so I looked for them.
the options are:
The note is recorded at its face amount unless the fair value of the building is readily available. The building should be depreciated over the note’s term to maturity. Both the note and building are recorded at the fair value of the note or the fair value of the building, whichever is more clearly determinable. If fair values of the note and building are unavailable, the note should be recorded at its face amount.The correct answer is:
4. If fair values of the note and building are unavailable, the note should be recorded at its face amount.
MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answers
Answer:
thnak u that made my day
Explanation:
Teams have better communication than other workers because they get to
a. Know each other better
b. Attend commurication seminars
C. Earn extra benetits packages
d. Use better telephones
Answers
25 words Os 2-3 marks Det FR Ap Oct Dec 2000 2001 Organic Market, a grocery store, porchased supplies for $12.000 cash on July 1, 2020. As of December 31, 2020, $7,000 had Page 19 been med and $5,000
Answers
The journal entries for the purchases of the supplies and the use of same supplies would be:
Date Account title Debits Credits
July 1, 2020 Purchases 12, 000
Cash 12, 000
Date Account title Debits Credits
Dec. 31, 2020 Supplies expense 7, 000
Supplies 7, 000
How to record the supplies ?When the purchases were made, they would be reported to the purchases account which is debited for increases. The Cash account is credited to show a decrease.
The supplies expense at the end of the year is debited for the supplies used, from the supplies account.
The supplies left unused are:
= 12, 000 - 7, 000
= $ 5, 000
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joe works for a publicly owned apparel company. he does not own stock in the company and often feels that his work only benefits the owners. this is an example of
Answers
Joe works for a publicly owned apparel company, he does not own stock in the company and often feels that his work only benefits the owners, this is an example of Employee owner separation.
What is employee owner separation?Employee separation constitutes the final stage in the staffing process of an organization. An employee can leave the organization for any reason that he deems fit for seeking separation. However, separation is classified basically into two types. These are voluntary separation and involuntary separation.
Voluntary separation refers to the separation of employees on their request, while involuntary separation means the separation of employees for organizational reasons which are beyond the control of the employees.
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Calculate the net pay using the following information:
Gross pay = $700
FICA tax = $55.90
Federal taxes = $85
State taxes = $20.44
Local taxes = $0
Health insurance =$47.50
Net pay = ?
Answers
Answer:
$ 491.1
Explanation:
Net pay is the take home pay salary. it is calculated by subtracting all deduction from the gross pay
Total deductions =$55.90 +$85 + $20.44 + $0, +$47.59
Total deductions = 208.84
Net pay = Total sales - taxes
=$700 - $208.84
=$ 491.36
Which of the following is not considered essential information to be included in financial statements? a. Changes in company management. b. Claims on economic resources. c. Changes in economic resources. d. Economic performance.
Answers
The following is not considered essential information to be included in financial statements:
a. Changes in company management. Changes in company management are not considered essential information to be included in financial statements.
A financial statement is a written document that depicts an entity's financial transactions. The three primary financial statements are the income statement, balance sheet, and cash flow statement.
These statements outline an organization's financial status and performance over a particular accounting cycle, and they offer significant data that analysts may utilize to assess its worth and future potential.
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when a positive externality is present in a market consumers will purchase _ the socally optimal quantity
Answers
When a positive externality is present in a market, consumers will purchase less than the socially optimal quantity. Positive externality is the benefit that arises from an economic activity that benefits those who were not involved in the activity directly.
The benefit to society is greater than the benefits accruing to individuals. For example, the benefits of the invention of penicillin were not only limited to the people who were directly involved in its production but also to the society at large.
Positive externalities cause the market to fail to allocate resources efficiently. The social benefits exceed the private benefits and therefore the socially optimal quantity is higher than the quantity that would be produced in a market. Due to this, consumers will purchase less than the socially optimal quantity,
leading to an underallocation of resources. As a result, the market will not allocate the socially optimal quantity of goods or services.Because the marginal social benefit is greater than the marginal private benefit, there is a need for government intervention. Governments can use various policies such as taxes or subsidies to correct this market failure. In conclusion, when a positive externality is present in a market, consumers will purchase less than the socially optimal quantity.
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Personal finance please help me thank youu
Answers
Personal finance is the management of an individual's financial resources. It involves making informed decisions about earning, spending, saving, investing, and managing debt. Proper management of personal finances is essential for achieving financial goals and avoiding financial stress.
The first step in managing personal finances is creating a budget. A budget helps individuals to track their expenses and income and ensure that they are spending within their means. It is essential to prioritize expenses and allocate resources accordingly. This involves distinguishing between needs and wants and making necessary adjustments. Savings are a crucial aspect of personal finance. Individuals should aim to save at least 10% of their income to build an emergency fund and save for long-term goals.
Saving requires discipline and consistency, and it is essential to develop a savings plan that is achievable. Investing is another critical aspect of personal finance. Investing helps individuals to grow their wealth and prepare for future financial needs. It is crucial to research investment options and diversify investment portfolios to minimize risks. Managing debt is also essential for personal finance. Individuals should aim to minimize debt and pay off high-interest debts first. It is important to avoid accumulating unnecessary debt, such as credit card debt, which can quickly spiral out of control.
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