which of the following is INCORRECT in explaining the users of accounting information :
a. accounts payable need accounting information to evaluate the business ability to pay debts on time
b. investors use the accounting information for planning, controlling and organising the business
c. government needs accounting statements and reports for tax purposes
d. employees are interested to know the business progress to ensure steady employment and career enhancement
Answers
Answer:
b. investors use the accounting information for planning, controlling and organizing the business
Explanation:
Investors are individuals or firms that commit their money to a business as capital with profits expectations. Investors are usually not part of business management. Their main contribution is the money they provide to finance the business operations. Investors, therefore, do not manage, plan, control, or organize the business.
Investors are also users of accounting information. They are classified as external users. To investors, accounting information communicates how the management is using their funds and the expected business performance in terms of profitability and growth.
Related Questions
Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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Communication response time must be faster than in the past to succeed in the modern workplace.
True
False
Answers
Answer:
TRUE
Explanation:
Answer:
true!
Explanation:
because it is
A ___ is a tax on imported goods. A ___ is a quantitative restriction on imported goods.
Cost,subsidy
Regulation, standard
Tariff,quota
Answers
Investments generally grow to an ex potential rate because they grow on them selves. What is another term for this concept?
A. Unbounding.
B. Compounding.
C. Rebounding.
Answers
Investments generally grow to an expotential rate because they grow on themselves. Another term for this concept is Compounding. The correct option is b.
Compounding is the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will generate earnings from both its initial principal and the accumulated earnings from preceding periods.
Exponential growth is a process that increases quantity over time. It occurs when the instantaneous rate of change of a quantity with respect to time is proportional to the quantity itself.
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What reason did the London court provide for its decision?
Historical research is fair game for fiction authors to use in their work.
Historical research can only be used with the original author’s permission.
Historical research is fair to use in nonfiction, but not in works of fiction.
Historical research is copyright protected and can never be shared or borrowed.
Answers
Answer:
A: Historical research is fair game for fiction authors to use in their work.
Explanation:
2021 edge
Answer:
A
Explanation:
Historical research is fair game for fiction authors to use in their work.
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
Answers
The opportunity cost of a cup of coffee is 1/3 cups of cappuccinos.
What is the production possibilities curve?
The Production possibilities curve is a line that depicts the various combination of two goods a nation / individual / firm can produce when all its resources are fully utilised.
What is the opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives . As more coffees are produced less cappuccinos can be made.
The opportunity cost of a cup of coffee = (6 - 3) / (12 - 3) = 3/9 = 1/3.
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Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Answers
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
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Provide one example of what the citizens of South Africa can do to uplift themselves
Answers
Answer:
Citizens of South Africa should endeavor to acquire skills that would make them financially independent.
Explanation:
Poverty and unemployment still remain major problems bedeviling African countries, South Africa inclusive. To uplift themselves, South African people should endeavor to acquire skills that would make them independent. Since the government cannot cater to the needs of everyone, learning a trade or two will help the teeming youths to be productively engaged.
This will go a long way to curb unemployment and its negative consequences such as crime perpetrated by young people. They could learn hard skills like fashion designing, Catering, Mechanized farming, etc. Soft skills would also help them to grow professionally.
An example of what the citizens of South Africa can do to uplift themselves is to develop their community and get the necessary skills and education.
In South Africa today, there are issues of inequality and poverty affecting the people. In order to tackle these issues, it's vital to focus on projects that can help the poor in society. This can be through the creation of jobs.Furthermore, it's vital for people to develop their skills. Skill courses and mentorship programs should be engaged in order for the people to improve their standard of living.Lastly, companies should be socially responsible and find ways through which they can help the poor.Read related link on:
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___competition is a competitive advantage based on factors other than price.
A-price
B- perfect
C-nonprice
D-monopolistic
Answers
i am meeting my new team, which I will directly supervise for the first time. I introduce myself and jump right into the agenda items for the jobs each team member will be assigned. I am using ______.
Answers
Gfbhrfjugbcfvjgfbnkgfbjjff if fvhhhgfvvb
Answers
Answer:
I agree, I see the strength in your work
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
Answers
1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.
Debit: Accounts Payable - Office Station Co.$1,200
Credit: Cash $1,200
2. Provided services on account, $4,200.
Debit: Accounts Receivable $4,200
Credit: Service Revenue $4,200
To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.
The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.
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The complete question is probably
Write journal entries
12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.
The financial statements of Hainz Company appear below:
HAINZ COMPANY
Comparative Balance Sheet
December 31
Assets 2017 2016
Cash $20,000 $40,000
Short-term investments 20,000 60,000
Accounts receivable (net) 40,000 30,000
Inventory 60,000 70,000
Property, plant and equipment (net) 260,000 300,000
Total assets $400,000 $500,000
Liabilities and stockholders' equity
Accounts payable $20,000 $30,000
Short-term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 150,000 150,000
Retained earnings 110,000 70,000
Total liabilities and stockholders' equity $400,000 $500,000
HAINZ COMPANY
Income Statement
For the Year Ended December 31, 2017
Net sales $400,000
Cost of goods sold 250,000
Gross profit 150,000
Expenses
Operating expenses $42,000
Interest expense 18,000
Total expenses 60,000
Income before income taxes 90,000
Income tax expense 27,000
Net income $63,000
Additional information:
a. Cash dividends of $23,000 were declared and paid in 2017.
b. Weighted-average number of shares of common stock outstanding during 2017 was 30,000 shares.
c. Market value of common stock on December 31, 2017, was $21 per share.
Required:
(A) Using the financial statements and additional information, compute the following ratios for Hainz Company for 2017. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 52.7.)
1. Current ratio
2. Return on common stockholders' equity %
3. Price-earnings ratio times
4. Acid-test ratio
5. Accounts receivable turnover times
6. Times interest earned times
7. Profit margin %
8. Days in inventory days
9. Payout ratio %
10. Return on assets %
Answers
Answer:
(1) 2.33 (2)11.42857 times (3) 31.9375 days (4) 3.846154 times (5) 87.6 days (6) 6.00 times (7) 15.75% (8) 1 times (9) 0.35 (10) 14%
Explanation:
Solution
(1) Current ratio:
Current Ratio = Current Asset / Current Liability = =140000/60000 = 2.33
(2) The return of common equity of stockholders:
Accounts receivable turnover ratio = the net credit sales/ average accounts receivable = $400000/$35000
11.42857 times
(3) Accounts collection period = 365/Accounts receivable turnover ratio =365/11.42857
31.9375 days
(4) Test acid ratio:
The Inventory Ratio Turnover = Cost of Goods Sold/Average Inventory
= $2,50,000/$65000
3.846154 times
(5) Average day to sell inventory = Inventory/Cost of Sales *365
=60000/250000*365
87.6 days
(6) The interest earned times:
Times Interest Earned = (Income before taxes and interest)/interest expense
= ($90000+18000)/18000
= 6.00 times
(7)The Profit Margin = Net Income / Sales
= 63000/400000
=15.75%
(8) The asset Turnover = Sales or Revenues / Total Assets
= $400000/400000 = 1 times
(9) Debt to asset ration = Total Liability / Total asset
= $140000/$400000
=0.35
(10)The return on asset ratio = Net Income/Average total asset
= 63000/450000 =14%
Now,
The total current assets = total assets - Net property, plant, equipment = $400000-$260000 = $140000
The Total current liabilities = [accounts payable + notes payable] $20000 + 40000 = $60000
The Average Account Receivable = (Opening Debtors+Closing Debtors)/2 = ($30000+$40000)/2 = $35000
The Average Inventory = (Opening Inventory+Closing Inventory)/2 = ($70000+$60000)/2 = $65000
Long-term debt + Equity = Total liabilities and equity – Total current liabilities = $275.00 – 65 = $201.00
The Total liability = Accounts Payable+ Notes Payable+Bonds Payable = $20000+40000+80000 = 140000
The Average Total asset = (Total opening asset+ total closing asset)/2 = ($400000+$500000)/2 = $4,50,000
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answers
Answer:
rat
Explanation:
First National Bank is planning to raise $30 million through an offering of negotiable CDs. The current rate for similar CDs is 5.5%. Noninterest cost rate for CDs is 0.25%. First National pays a deposit insurance premium of 0.0023 per dollar of insured deposits. Due to other immediate cash needs, only $25 million will be fully invested. What is the effective cost rate of borrowing in the CD market?
Answers
The amount of money someone will have to pay back for borrowing in the CD market is 5.98%.
How to Calculate the Cost Rate to Pay Back?To calculate CD borrowing costs, consider interest, fees, and insurance. Find your total cost. Interest expense is the amount paid in interest when borrowing money based on loan amount and interest rate.
The interest expense for borrowing $25 million at 5.5% is $1.375 million. The borrowing cost is $1,375,000 excluding interest. The noninterest cost of not earning investment returns is calculated by multiplying the amount invested by the noninterest cost rate of 0.0025 (0.25% as a decimal). Noninterest cost: $62,500.
We can find the deposit insurance cost by multiplying insured amount with premium rate. Insuring your deposit costs $57,500. Find out total costs including borrowed amount, expenses unrelated to borrowing, and deposit insurance fee. The required funds are $1,495,000.
To find the cost percentage, the Effective Cost Rate is your spending divided by investment. The effective cost rate is $1,495,000 for every $25,000,000 spent. The cost rate for CD market borrowing is 5.98%.
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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If a firm produces nothing, which of the following costs will be zero?
a. total cost
b. fixed cost
c. opportunity cost
d. variable cost
Answers
D is the answer
Mark me as brainliest pweze
The cost that will be zero if a firm produces nothing is variable cost because it is a cost that changes with level of output.
What is variable cost?Variable cost refers to the cost that vary with the level of output. This means that at every activity leve, the variable cost changes with it.
The above means that a constant amount per unit produced is the variable cost of manufacturing which implies that once the output is zero, the variable cost will be zero as well.
Hence, the cost that will be zero if a firm produces nothing is variable cost.
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Jamie Lee has decided to purchase a certified pre-owned vehicle. What might she expect as far as reliability and a warranty on the used car
Answers
The things which Jamie Lee might expect as far as reliability and a warranty on the used car is:
No factory faultLow mileageAccident free, etc.What is a certified pre-owned vehicle?This refers to a fairly used car which has been certified by factory standards that has been accident free and has very low mileage and is expected to work without much problems.
With this in mind, we can see that because Jamie Lee has decided to purchase a pre-owned vehicle, the things which she would expect in terms of reliability and warranty is that it should give her little to no problems
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1.Explain where the market equilibrium occurs.
2.How do we show equilibrium graphically?
3.Share an example from your own experience when the market was not in equilibrium for a product or service.
4.Explain why the market was out of equilibrium (what caused it to be out of equilibrium) and what needed to be done to bring the market back to equilibrium.
Answers
Answer:
because they are well known
Identify one way in which setting a goal can help a person budget
more effectively.
Answers
Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 4.4%, how much is the bond worth today?
Answers
Answer:
6.000$ I think the answer is , I 'm not sure
A bond is a fixed-income investment that represents a loan made by an investor to a borrower, usually corporate or governmental.
What is a Bond?An investment in fixed income known as a bond reflects a loan made by a shareholder to a borrower, typically a corporation or government.
Governments and businesses sell bonds as a sort of asset to raise money from investors. Therefore, selling bonds is a means of borrowing money from the seller. From the standpoint of the buyer, purchasing bonds is an investment because it entitles them to guaranteed principal repayment as well as a stream of interest payments. Some bonds also come with extra perks, such as the option to exchange them for equity in the company issuing them.
Because bonds trade at a discount when interest rates are rising and at a premium when interest rates are decreasing, the bond market often moves inversely with interest rates.
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Louis and Raymond had shared responsibility for liability of their company's debt because they had formed a _____.
Answers
Louis and Raymond had shared responsibility for liability of their company's debt because they had formed a limited liability partnership
Limited liability partnership :
A limited liability partnership is a partnership in which some or all of the partners have limited liability. Therefore, it can have elements of partnerships and companies. Under LLP, partners are not responsible for the misconduct or negligence of other partners. An LLP is an alternative legal form that offers the benefits of a limited liability company and the flexibility of partnerships. • An LLP can survive a change of partners. She can enter into contracts in her own name and retain her property.
What are the main advantages of a limited partnership?The main advantage of forming an LLP is the balance between business control and debt risk mitigation. Similar to a general partnership, an LLP allows qualified parties to form a business entity, allowing its partners to actively participate in the operation of the business.
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Visits to national parks inspire people to plan another trip, to tell their friends, and often, to ask how they can help. We love that! . . . When you get involved, you help ensure that national parks and programs are relevant. Your ideas add strength to the work we do everyday to preserve special places and stories.
Which is the author’s purpose for writing this passage?
to inform
to persuade
to entertain
to reflect
Answers
Answer: To persuade
Explanation:
Answer:
is B
Explanation:edge 2021
Monty Inc. presented the following data. Net income $2,340,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 692,400 Issued for cash, 5/1 321,600 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $enter earnings per share rounded to 2 decimal places
Answers
Answer:
Monty Inc.
The earnings per share (EPS) is:
= $0.75
Explanation:
a) Data and Calculations:
Net income = $2,340,000
8% cumulative, non-convertible Preferred stock:
53,000 shares outstanding at $100 par = $5,300,000
Common Stock:
1/1 Shares outstanding 692,400
5/1 Issued for cash 321,600
8/1 Treasury Stock (160,800)
10/1 Stock Split 1,706,400
Total shares outstanding 2,559,600
Net income $2,340,000
Dividends:
Preferred stock 424,000 (8% of $5,300,000)
Remaining for common stock $1,916,000
Earnings per share = $1,916,000/2,559,600 = $0.75
b) Monty's EPS is the amount of net income that is remaining for distribution to common stockholders after deducting the preferred stockholders' dividends.
Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20. At this rate what should the company do
Answers
Answer: b.Produce fewer meals and increase their profit
Explanation:
The profit maximising point for production is generally said to be the point where Marginal Revenue equals Marginal Cost. At this point, the company producing is maximising its resources and wasting nothing whilst getting the highest amount of profit they can.
If they produce at a point higher than this point then Marginal Cost will be be higher than Marginal Revenue which is not profitable. This is the situation with Food Fanatics. They are producing at a point higher than the profit maximising level because their Marginal Revenue of $20 is lower than their marginal cost of $25.
The remedy to this is to produce fewer meals to the point where Marginal Revenue equals Marginal Cost, thereby increasing their profit.
State the role of the light stage of photosynthesis to the Calvin cycle.
Answers
Explanation:
In ths light independent reactions or calvin cycle, the energized electrons from the light dependent reaction provides the energy to form carbohydrates from carbon dioxide molecules. The light independent reactions are something called the calvin cycle because of the cyclical nature of the process.
Explanation:
In ths light independent reactions or calvin cycle, the energized electrons from the light dependent reaction provides the energy to form carbohydrates from carbon dioxide molecules.
2. By removing the statues and through his speech, Mayor Landrieu takes a strong stand against dignifying symbols of the Confederacy. Do you feel his actions fostered a stronger sense of inclusion within the city of New Orleans? Discuss how different perceptions of the statues and their inherent messages may have affected different groups within the community.
Help me show this in 6-9 paragraphs to make this question more clear and sense!
Answers
Landrieu told Cooper that his decision to remove the Lee monument began with a conversation with an old friend, renowned jazz musician, and New Orleans native Wynton Marsalis.
Advocates for preservation laws contend that accomplice monuments need to no longer be eliminated because they express grief for fallen infantrymen and honor the sacrifice of ancestors. If statues are dismantled, the country could lose an important instructional device approximately Civil warfare and its results, in step with creator Sophia A.
A number of the items of the old pill are believed to have ties to the Confederacy, the governor's office said. "This monument and its time capsule reflected in 1890—and it is time to take away each in order that our public areas better reflect who we are as humans in 2021," Northam said.
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Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?
A.
No Cause for Alarm with Local Fish
B.
Few Fish Affected by Mercury, Study Finds
C.
Mercury Levels Not an Issue Here
D.
Toxic Ingredients in Local Seafood
Answers
The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.
Why is the title appropriate ?The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.
However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.
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How will an increase in variable costs affect the profitability of the business
in the economy?
Answers
Answer: Profitability reduces
Explanation:
Generally, variable costs increase as production increases unlike fixed costs which stay the same regardless of production volume.
If Variable costs were to increase per unit however, that would mean that the business is getting less contribution margin from its products.
The Contribution Margin is the Sales figure - Variable Cost. The higher the contribution margin, the higher the profit because even though the fixed costs will be removed from the contribution margin, they are fixed in nature.
A higher variable cost therefore means a lower Contribution Margin which means lower profitability.
You are the manager of two plants (factories) in Mexico that manufacture shoes. The combined monthly output of both plants is to be 10,000 pairs of shoes. Explain, based on your understanding , how you would best divide this output of 10,000 pairs of shoes between the two plants.
Answers
Answer:
Given that both factories together produce 10,000 pairs of shoes, and both carry out the entire production process of the same in an identical way, if I were the manager of the same, I would distribute the benefits of what is produced by both factories in the following way: 50% of them equally, 25% for each one; and the other 50% in proportion to what each one has actually produced. Thus, it would guarantee that both receive income and, at the same time, it would encourage production by the one that generated the most income.