a) Treatment of the fire-related loss:
Winnie should recognize the loss due to the fire in its financial statements. The carrying amounts of the destroyed warehouse and inventory should be written off. The insurance recovery should be recorded as an insurance receivable up to the maximum expected recovery of RM9 million. Since the company expects large trading losses in the future, it should also recognize an impairment loss for any additional loss not covered by insurance. The trading losses should be recognized as an expense in the income statement.
b) Treatment of inventory sales and commission:
Winnie should recognize the revenue from the sale of inventory in April x9, which amounts to RM280,000. The cost of sales for the sold inventory would be RM322,000 (70% of RM460,000). The commission paid to the sales staff should be recognized as an expense, amounting to RM42,000 (15% of RM280,000).
c) Treatment of deferred tax liability:
Winnie should adjust its deferred tax liability in response to the tax changes announced by the government on 18 May x9. The increase in the deferred tax liability of RM650,000 should be recognized as an expense in the income statement.
Overall, these items should be appropriately disclosed in the financial statements' notes to provide transparency and clarity to the users of the financial statements.
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Which best describes the answers a person might have to a personal vision and goal question and a future life question? i value family and loyalty, and would like to be able to spend a couple of weeks with my family each year. i value my religious beliefs, but i also value my hard-working attitude. my strengths are punctuality and honesty, and my weaknesses are indecisiveness and low confidence. my bachelor’s degree will be completed by the time i am 25.
The statement "I value family and loyalty" is one that describes the answers a person might have to a personal vision and goal question and a future life question.
What is the essence of personal vision question?These are question that are asked to elicit a response about the personal goal and vision of an individual towards the future.
Hence, the individual will likely answer that I value family and loyalty, and would like to be able to spend a couple of weeks with my family each year.
Therefore, the Option A is correct
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Which of the following do leaders need to do in the planning phase of the performance management cycle? (Check all that apply.)
a. Make very explicit links between follower performance and team or organizational outcomes.
b. Set clear, measurable, and agreed-upon goals for the what and how of follower performance.
In the planning phase of the performance management cycle, leaders need to do the following:
a. Make very explicit links between follower performance and team or organizational outcomes.
b. Set clear, measurable, and agreed-upon goals for the what and how of follower performance.
In the planning phase of the performance management cycle, leaders play a crucial role in setting the direction and expectations for their followers. By making explicit links between follower performance and team or organizational outcomes (option a), leaders ensure that their team members understand how their individual contributions impact the overall success of the team or organization.
This alignment helps create a sense of purpose and motivation among the followers, as they can see the direct connection between their efforts and the desired outcomes.
Additionally, leaders need to set clear, measurable, and agreed-upon goals for follower performance (option b). These goals should be specific, achievable, and aligned with the overall objectives of the team or organization. Clear goals provide followers with a clear understanding of what is expected of them, while measurable goals enable leaders to track progress and provide feedback.
When goals are agreed upon, it promotes a collaborative approach where leaders and followers can have a shared understanding of expectations, fostering a sense of ownership and commitment.
By incorporating these two actions into the planning phase, leaders can effectively align individual and team goals with organizational objectives, ensuring that performance management efforts are focused and purposeful.
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Long-term notes payable increased during the year. This is a ___________ of cash reported in the _____________ section of the statement of cash flows. Long-term notes payable increased during the year. This is a ___________ of cash reported in the _____________ section of the statement of cash flows. Use; operating Source; operating Use; investing Source; investing Use; financing Source; financing
what is term for the ability to easily turn assets or investments into cash?
ceteris paribus, which increases as interest rates rise—present value or future value? multiple choice a. only future b. value both c. only present d. value neither
Ceteris paribus, as
interest
rates rise, both present value and
future
value increase (option b).
What is
Ceteris paribus
Ceteris paribus, literally "holding other things
constant
," is a Latin phrase that is commonly translated into English as "all else being equal."
A dominant
assumption
in mainstream economic thinking, it acts as a
shorthand
indication of the effect of one economic
variable
on another, provided all other variables remain the same (constant). In the
scientific
sense, if we claim that one variable influences another, ceteris paribus, we are
essentially
controlling for the effects of some other variables.
In economics, it acts as a shorthand indication of the effect one economic variable has on another, provided all other variables remain the same.
Many economists rely on ceteris paribus to describe relative
tendencies
in markets and to build and test economic models.
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J&R Renovation, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 20 years to maturity that is quoted at 107 % of face value. The issue makes semi-annual payments and has a coupon rate of 9 % annually.
A. What is the company's pretax cost of debt?
B. If the tax rate is 35 %, what is the aftertax cost of debt?
Answer:
a) 8.36%
b) 5.43%
Explanation:
to find the pretax cost of debt we must find the yield to maturity:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
YTM = {45 + [(1,000 - 1,070) / 40]} / [(1,000 + 1,070) / 2] = 43.25 / 1,035 = 0.04178 x 2 = 0.08357 = 8.36%
after tax cost of debt = 8.36% x (1 - 35%) = 8.36% x 0.65 = 5.43%
4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
How did Coca-Cola materialize into an American value? How did this help and hurt Coca-Cola? (and, in some ways, America itself?)
Answer: Brilliant marketing and commercials
Explanation:
One of the top advantage any firm or organization is the ability for it to be consistent with it's advertisement and marketing policy in a creative manner and to deliver when people purchase it's products. This is how Coca cola became famous within the American industry, it grew by virtue of it's brilliance in marketing, excellent and always creative commercials. These all helped pushed Coca cola into wider region of the American market and into the world.
Country C used to be a command economy but is now in the process of altering its economic system to embrace free-market capitalism. It is privatizing businesses that the state once owned, granting more political and economic freedoms, boosting trade with Western Europe, and seeking foreign investment. Its GDP is improving and has reached $9,000 per capita. It is also improving its transit and financial infrastructure. Independent banks and a stock market have just been created with IMF loan assistance. Which factor places this nation in the transitioning category
The factor which places this nation in the transitioning category is privatizing businesses that the state once owned, granting more political and economic freedoms.
What is a command economy and how does it differ from a market economy?State control over the means of production and commercialization is a defining feature of a command economy. State decisions on price and production are disregarded in this system, which favors free trade competition.
Price controls and other unconventional economic practices are frequently seen in command economies.
Typically, socialist and communist nations like North Korea will use this type of paradigm.
Contrary to market economies, which are characterized by open entrance and competition, individuals' options are constrained by state decisions in a command economy.
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Select the correct answer from each drop-down menu.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.
Businesses face
v because they must alter existing infrastructure to meet regulations. As a result, consumers pay
v for produced goods.
Businesses and consumers are impacted when a government enacts legislation addressing worker safety and environmental protection. Businesses must change their existing infrastructure in order to comply with rules, which results in (HIGER COST)
Briefing: -As a result, customers pay (MORE) for things that have been produced.
This is due to the extra money that business owners expend to make sure they are adhering to rules. Therefore, in order for them to see a return on their investment, they must sell more of the products they currently have on hand (ROI).
What exactly are business and consumer?Business-to-consumer (B2C) refers to the practice of conducting direct sales of goods and services between an organization and the customers who will ultimately use those goods or services. B2C enterprises are the majority of businesses that sell to consumers directly.
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under which act (or acts) may criminal charges against a cpa be filed? securities act of 1933 securities exchange act of 1934
The Securities Act of 1934 includes provisions for criminal charges against persons violating the Act.
What is the Securities Act of 1934?
AN ACT To prevent unfair and unethical actions on such exchanges and marketplaces, to regulate over-the-counter markets that trade securities and operate in international and domestic commerce through the mail, as well as for other objectives.Who is covered by the SEC Act of 1934?
Companies must submit yearly and other periodic reports to the SEC if they have $10 million or more in assets and more than 500 owners of their securities. Through EDGAR, the Commission's online filing platform, it makes this information accessible to all investors.Learn more about The Securities Act of 1934
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When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D
Answer:A, Your personal information may be used in ways you do not want
Explanation:
If it is a unsafe site than there for your personal information can go places you do not want them to.
When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.
What does it mean when a website is unsafe?External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.
Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.
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what is the over the counter market?select one:a.a stock exchangesb.a decentralized market not listed in an exchangec.feds foreign exchange market
Answer:
b. a decentralized market not listed in an exchange.
Explanation:
The over-the-counter (OTC) market refers to a decentralized marketplace where financial instruments such as stocks, bonds, commodities, and derivatives are traded directly between two parties, without being listed on a formal exchange. In the OTC market, trades are conducted through dealer networks, electronic systems, or other communication methods, allowing for direct transactions between buyers and sellers.
Unlike stock exchanges where trading occurs on a centralized platform with standardized rules and regulations, the OTC market provides more flexibility and customization in the trading process. It allows for the trading of securities that may not meet the listing requirements of formal exchanges or are not actively traded on exchanges.
One prominent example of the OTC market is the trading of over-the-counter stocks (also known as OTC stocks), which are stocks of companies that are not listed on major exchanges such as the New York Stock Exchange (NYSE) or NASDAQ. Instead, these stocks are traded through dealer networks or electronic platforms.
It's important to note that while the OTC market offers certain advantages such as flexibility and accessibility, it also carries certain risks, including less transparency and regulation compared to exchange-traded markets. Investors should exercise caution and conduct thorough research when participating in OTC trading.
On 8/1, supplies costing $500 were purchased on credit. Record this transaction in the accounting equation by:
Based on the information given this transaction in accounting equation is: Increasing supplies, and increasing accounts payable.
Accounting equation:Based on the given transaction the supplies costing of the amount of $500 will increase supplies while account payable will increase by the same amount of $500.
The company account payable increases because the supplies costing were purchased on credit which means that the company is still owing their supplier for the goods worth of $500 that was supplied to them or the goods and services that was provided to them.
Inconclusion in accounting equation is: Increasing supplies, and increasing accounts payable.
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Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a competitive salary within the first 18 months of operation. According to the GEM study, Shida is a/an ______.
Shida is seen as potential entrepreneur according to the GEM study.
GEM study is conducted by Global Entrepreneurship Monitor that tracked rates of entrepreneurship.
The study conducted on Shisa as a IT Expert shows that the company tries to understand how his entrepreneur skills enables him to pay himself a competitive salary within the first 18 months.Therefore, Shida is seen as potential entrepreneur according to the GEM study.
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NEED HELP ASAP. WILL GIVE BRAINLIEST
How do limited resources affect a nation's decision to engage in international trade?
Answer:
it affects growth and population
Explanation:
wat is 6x6+63+90-331x5
Answer:
-1466
Explanation:
Give brainliest and I will do step by step!
Step by step-
6 X 6= 36
-331 X 5= -1655
63 + 90= 153
153 + 36= 189
-1655 + 189= -1466
o d
Of the following, which is NOT in the socio-economic category of managed trade?
a. Embargoes
O b. Countertrade
.
O
O O O
c. Ethics and safety
5.
O
O d. Export cartels
7.
O
O e. The infant industry argument
8.
o
9.
a
10.
o
11.
о
12.
O
13.
оо
14.
Answer:
D.
Explanation:
An in-store computer used to apply for a job is called:
an online application.
a paper application.
an automated interviewer.
a hiring kiosk.
Answer:
a hiring kiosk.
Gina is about to use a fire extinguisher on a small fire.
What factor determines the type of extinguisher she
should use?
A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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Hr-to-employee ratio is classified as a(n) __________ metric of human resources.
HR-to-employee ratio is classified as a(n) HR Staff and Expenses metric of human resources.
The department of a company tasked with discovering, vetting, hiring, and training job applicants is known as human resources (HR). Additionally, it manages benefit plans for employees. In the twenty-first century, HR is critical to helping businesses adapt to a business climate that is changing quickly and to the increased demand for qualified workers.
The phrase "human resource" was originally used by American institutional economist John R. Commons in his 1893 book The Distribution of Wealth. However, HR divisions were not legally established until the 20th century and given the responsibility of resolving conflicts between workers and their employers.
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total gross sales for the period include the following: credit card sales (discount 3%) $10,200 sales on account (1/15, n/60) $9,800 sales returns related to sales on account were $650. all returns were made before payment. one-half of the remaining sales on account were paid within the discount period. the company treats all discounts and returns as contra-revenues. what amount will be reported on the income statement as net sales?
The amount reported on the income statement as net sales will be $18,633.15The sales discounts and returns are subtracted from the gross sales to calculate the net sales for the period. The main formula for calculating net sales is Net Sales = Gross Sales - Sales Discounts
The gross sales for the period are given as follows Credit card sales (discount 3%) $10,200Sales on account (1/15, n/60) $9,800The sales returns related to sales on account are $650. All returns were made before payment. Therefore, there will be a deduction of $650 from the total sales.Sales returns = $650Sales on account less sales returns = $9,800 - $650 = $9,150One-half of the remaining sales on account were paid within the discount period. Therefore, there is a deduction of 3% discount on the sales
paid within the discount period.Discount on sales = 3% of $4,575 = $137.25Now, we can calculate the total sales discounts and returns Sales discounts and returns = $650 + $137.25 = $787.25Therefore, we can calculate the net sales as follows Net Sales = Gross Sales - Sales Discounts - Sales ReturnsNet Sales = $10,200 + $9,150 - $787.25Net Sales = $18,562.75The amount of $18,562.75 will be reported on the income statement as net sales.Explanation:The calculation of Net Sales is done by subtracting the sales discounts and returns from the gross sales. In this problem, we have been given the gross sales, sales returns, and sales discounts. Therefore, by substituting these values in the formula of net sales, we can calculate the net sales for the period. The amount of $18,562.75 will be reported on the income statement as net sales.
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What impact did private investment have on Japan's industrialization?
Private investment played a crucial role in Japan's industrialization process. Following the Meiji Restoration in 1868, the Japanese government encouraged private investment by offering incentives.
Private investors used these incentives to build factories, develop infrastructure, and introduce new technologies, which helped to create a diversified and modernized economy.
Private investment was particularly important in the development of Japan's heavy industries, such as steel, shipbuilding, and machinery. The government supported these industries by providing infrastructure and favorable policies, but it was private investors who provided the capital and technical expertise needed to establish and expand these industries.
Overall, private investment was essential to Japan's rapid industrialization, allowing the country to catch up with and even surpass the industrialized nations of the West in a relatively short period.
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Why is money management important? How would you rate your own money management?
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
if the average service rate is higher than the customer’s
arrival rate in the service system?
A. Bottleneck is inside the process.
B. Utilization can be higher than 1.
C. Waiting only depends on the
If the average service rate is higher than the customer’s arrival rate in the service system, then utilization can be higher than 1 and waiting only depends on the bottleneck inside the process. The correct options are B and C.
Option B Utilization can be higher than
1: When the average service rate is higher than the customer's arrival rate in the service system, the utilization of the system can be higher than
1. The utilization of a system is the percentage of time the service facility is busy working on something. A system is utilized well when the utilization is higher than 1, which means that the service facility is busy working more than the available time.
C. Waiting only depends on the bottleneck inside the process: Waiting time depends on the arrival rate of customers and service rate.
If the service rate is higher than the arrival rate, then customers are being served more quickly than they arrive, and the waiting time depends only on the bottleneck inside the process. The bottleneck is the slowest step in the process, which controls the speed of the whole process. If the bottleneck step is fast, then the waiting time will be minimal, and if the bottleneck is slow, then waiting time will be high. Therefore, waiting time depends only on the bottleneck inside the process.
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When an investor uses the equity method to account for investments in common stock, the investor’s share of cash dividends from the investee should be recorded as:.
It should be noted that When an investor uses the equity method to account for investments in common stock, cash dividends received by the investor from the investee should be recorded as deduction from the investor's share of the investee's profits.
What is an Equity method?Equity method can be regarded as a process of treating investments when dealing with associate companies.
In this method, cash dividends received by the investor from the investee should be recorded as A deduction from the investor's share.
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Jordan Corporation’s balance sheet indicates that the company has $590,000 invested in operating assets. During the year, Jordan earned operating income of $69,620 on $1,180,000 of sales. Required Compute Jordan’s profit margin for the year. Compute Jordan’s turnover for the year. Compute Jordan’s return on investment for the year. Recompute Jordan’s ROI under each of the following independent assumptions: (1) Sales increase from $1,180,000 to $1,416,000, thereby resulting in an increase in operating income from $69,620 to $77,880. (2) Sales remain constant, but Jordan reduces expenses, resulting in an increase in operating income from $69,620 to $71,980. (3) Jordan is able to reduce its invested capital from $590,000 to $472,000 without affecting operating income.
Jordan Corporation's profit margin, turnover, and ROI can be calculated using the given information. By making certain assumptions, the company's ROI can be re-computed to reflect changes in sales, expenses, and invested capital.
Jordan Corporation's profit margin for the year can be calculated by dividing operating income by sales, which is ($69,620/$1,180,000) = 0.059 or 5.9%.
Jordan's turnover for the year can be calculated by dividing sales by the operating assets invested, which is ($1,180,000/$590,000) = 2 or 200%.
Jordan's return on investment (ROI) for the year can be calculated by multiplying profit margin and turnover, which is (5.9% x 200%) = 11.8%.
Recomputing Jordan's ROI under each of the following assumptions:
1. If sales increase to $1,416,000 and operating income increases to $77,880, the net profit margin is ($77,880/$1,416,000) = 0.055 or 5.5%. The new turnover is ($1,416,000/$590,000) = 2.4 or 240%. The new ROI is (5.5% x 240%) = 13.2%.
2. If sales remain constant and Jordan reduces expenses resulting in an operating income of $71,980, the net profit margin is ($71,980/$1,180,000) = 0.061 or 6.1%. The turnover remains the same at 200%. The new ROI is (6.1% x 200%) = 12.2%.
3. If Jordan reduces its invested capital to $472,000 and operating income remains the same, the new turnover is ($1,180,000/$472,000) = 2.5 or 250%. The profit margin remains the same at 5.9%. The new ROI is (5.9% x 250%) = 14.75%.
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Owner must share their profits.
True or false
Answer:
True
Explanation:
What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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