The following transactions occurred for the City of Fontaine’s General Fund. The budget prepared for the fiscal year included Total estimated revenues of $2,774,000 and appropriations of $2,693,000. Encumbrances issued against the appropriations during the year were $931,000. The current year’s tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000. Collections of delinquent taxes from prior years’ levies totaled $132,000; collections of the current year’s levy totaled $1,459,000. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The estimated liability was $851,200. Actual costs were $850,500. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; intergovernmental revenue, $400,000; and $66,000 of miscellaneous revenues. Payments on Vouchers Payable totaled $1,505,000. Prepare the journal entry.

Answers

Answer 1

Answer:

Realidades 2 WKBK page 109

Explanation:

Realidades 2 WKBK page 109


Related Questions

The slope of the PPF can also be expressed as the ratio of the marginal products of labor to the marginal product of capital. consumer utility. the opportunity cost of the good measured on the horizontal axis. the ratio of abundance of labor to capital.

Answers

Answer:

the opportunity cost of the good measured on the horizontal axis.

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

Journalize the transactions. ( This information relates to Cheyenne Real Estate Agency. Oct. 1 Stockholders invest $31,770 in exchange for common stock of the corporation. 2 Hires an administrative assistant at an annual salary of $42,720. 3 Buys office furniture for $3,740, on account.

Answers

Answer and Explanation:

The journal entry is given below:

Oct 1

Cash Dr $31,770

   To Common stock $31,770

(Being exchange for the common stock is recorded)

Here cash is debited as it increased the asset and credited the common stock as it also increased the equity

Oct 2

No journal entry is required

Oct 3

Office furniture Dr $3,740

    To Account payable $3,740

(Being office furniture purchased on an account)

Here office furniture is debited as it increased the asset and credited the account payable as it also increased the liabilities

XYZ just deposited $3,700 in an account that will earn 7.1 percent per year in compound interest for 9 years. If Svetlana deposits $4,000 in an account in 3 years that earns simple interest, then how much simple interest per year must Svetlana earn to have the same amount of money in 9 years from today as XYZ will have in 9 years from today

Answers

Answer:

11.92%

Explanation:

The computation of the simple interest per year is shown below:

Future value would be

= Deposited Amount × (1 + rate of interest)^years

= $3,700 × (1 + 7.1%)^9

= $6,859.73

Now the simple interest is

= (Future value ÷ deposit) - 1 ÷ number of year

= ($6,859.73 ÷ $4,000)  - 1 ÷ 9

= 0.71493 ÷ 9

= 11.92%

George transfers cash of $150,000 to Finch Corporation, a newly formed corporation, for 100% of the stock in Finch worth $80,000 and debt in the amount of $70,000, payable in equal annual installments of $7,000 plus interest at the rate of 9% per annum. In the first year of operation, Finch has net taxable income of $40,000. If Finch pays George interest of $6,300 and $7,000 principal payment on the note:

Answers

Answer:

Finch has an interest expense deduction of the amount of $6,300.

Explanation:

Based on the information given in a situation where Finch pays George interest of the amount of $6,300 in which the amount of $7,000 was the principal payment on the note which means that Finch will have an interest expense deduction of the amount of $6,300 reason been that the amount of interest that was paid to George which is $6,300 will be the amount that is allowed for deduction.

Genting Berhad is a Malaysian conglomerate with holdings in plantations and tourist resorts. The beta estimated for the firm relative to the Malaysian stock exchange is 1.15, and the long-term government borrowing rate in Malaysia is 11.5%. The Malaysian risk premium is 12%. The expected return on the stock for a Malaysian National who is not Internationally diversified is closest to:

Answers

Answer:

25.3%

Explanation:

The expected return can be determined using the capital asset pricing model

The expected return = risk free return + (risk premium x beta)

11.5% + (1.15 x 12%) = 25.3%

corporation borrowed money through an 8-month, 9% note for $100,000 on October 1, 2020. The note is due on May 30, 2021. The correct adjusting entry at year-end, December 31, 2020 (assuming no other adjustments had been made) would include an: Select one: a. Decrease to interest payable for $6,000 b. Increase to interest expense for $3,750 c. Increase to interest payable for $9,000 d. Increase to interest payable for $2,250 e. Decrease to cash for $6,000

Answers

Answer:

d. Increase to interest payable for $2,250

Explanation:

At year end which is December 31, 2020, the company has incurred an interest expense of 3 months on the amount borrowed since October 1 to December 31 is a period of three months.

As a result, the interest expense to be accrued for is computed thus:

accrued interest expense= $100,000*9%*3/12

accrued interest expense=$2,250

The appropriate entries would to debit(increase) expense with $2,250 while interest payable  is credited(increase) with the same amount

Columbia Sportswear makes nylon activewear. Its marketing manager set a goal to increase sales 12 percent over the next three years through the introduction of a new line of comfortable, lightweight clothing for people who fish. The marketing manager is engaged in ________.

Answers

Answer:

a) functional planning

Explanation:

The functional planning is the planning that need to be done for each type of department so that the goals and the objectives of the company could be accomplish in a efficient and effective manner

Since in the question it is mentioned that the marketing manager have set a goal to rise the sales by 12% over the next three years so this represent that the manager is engaged in the functional planning

Case Study: Melanie’s Breakeven Analysis Melanie is considering opening a not-for-profit child care and education center and wants to figure out what her monthly budget would look like. She has come up with the following sets of numbers, which may or may not be realistic in her area. Monthly Fixed Costs $4,000 Number of Children Served 15 Salary and Benefits Costs $7,000 Estimated Food Costs $1,000

Answers

Answer:

$800

Explanation:

Calculation for how much would she need to charge per month for tuition in order to break even

Using this formula

Amount to charge to break even=[(Monthly Fixed Costs+Salary and Benefits Costs+Estimated Food Costs)÷Number of Children Served]

Let plug in the formula

Amount to charge to break even=[($4,000+$7,000+$1,000)÷15]

Amount to charge to break even=$12,000/15

Amount to charge to break even=$800 per month

Therefore the amount she would need to charge per month for tuition in order to break even will be $800

Answer correctly and u will receive brainliest and 15 pts

Answers

Answer:

b

Explanation:

Answer:

The chemistry professor with a doctoral degree would have the highest pay.

Two new software projects are proposed to a young, start-up company. The Alpha project will cost $530,000 to develop and is expected to have annual net cash flow of $60,000. The Beta project will cost $170,000 to develop and is expected to have annual net cash flow of $18,000. The company is very concerned about their cash flow. Calculate the payback period for each project. Which project is better from a cash flow standpoint

Answers

Answer: See Explanation

Explanation:

The payback period for both projects would be calculated as:

Alpha Project

Cost = $530,000

Annual net cash flow = $60,000

Payback period = Cash / Annual net cash flow

= $530,000 / $60,000

= 8.83

Beta Project

Cost = $170,000

Annual net cash flow = $18,000

Payback period = Cash / Annual net cash flow

= $170,000 / $18,000

= 9.4

We can see that Alpha Project is better as the payback period is lesser than Beta project

James has earned his doctorate in kinesiology and gone on several job interviews. He has been offered positions at different universities. James is planning to move out of state next year, so his primary factor for consideration is that he not be tied down to a long-term commitment. Which option would work the best for him?


a tenure-track position as an assistant professor at a liberal-arts college

a position as an adjunct professor at a technical college

The director of a community athletic center

a postdoctoral fellow at a university

Answers

the best option for him would be a position as a adjunct professor at a technical college

Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $35,000 at the beginning of the month and $23,500 at the end of the month. During the month, the Corporation incurred direct materials cost of $57,600 and direct labor cost of $31,900. The actual manufacturing overhead cost incurred was $54,300. The manufacturing overhead cost applied to Work in Process was $53,600. The cost of goods manufactured for June was:

Answers

Answer:

the cost of goods manufactured is $154,600

Explanation:

The computation of the cost of goods manufactured is shown below:

= Opening work in process inventory + direct material cost + direct labor cost + manufacturing overhead cost applied - ending work in process inventory

= $35,000 + $57,600 + $31,900 + $53,600 - $23,500

= $154,600

Hence, the cost of goods manufactured is $154,600

All of the following pairs of goods are substitutes except A. we observe the price of automobiles decreases and the demand for public transit decreases. B. we observe the price of bacon increases and the demand for eggs decreases. C. we observe the price of coffee increases and the demand for tea increases. D. we observe the price of tennis racquets decreases and the demand for golf clubs decreases.

Answers

Answer:

Option B: We observe the price of bacon increases and the demand for eggs decreases.

Explanation:

Substitute goods are a defined as goods that has near or a close replacement for each another that is the increase in price leads to an increase in demand for the goods. In substitute goods, price of one good and the quantity demanded of a related goods move in different (opposite) directions. Thus the answer of bacon and egg are as two goods are not substitutes.

A Common example of Substitute Goods includes; margarine and butter, turkey and chicken e. t. c.

At the end of 2016, burger food truck The Patty Wagon’s preliminary trial balance indicated a current ratio of 1.20. Management is contemplating paying some of its accounts payable balance before the end of the fiscal year. Explain the effect this transaction would have on the current ratio. Would your answer be the same if the preliminary trial balance indicated a current ratio of 0.8?

Answers

Answer:

No

Explanation:

Lets assume that for current ratio to be 1.2, the current assets were $120000 and Current liabilities were $100000. [120000 / 100000 = 1.2]

Now, if say $20000 of accounts payable were paid, the new current ratio would be:

= ($120000 - $20000) / ($100000 - $20000)

= $100000 / $80000

= 1.25.

Hence, the current ratio would Increase and this should be encouraged.

If current ratio were 0.8, (Current Assets $ 80000 and Current Liabilities $ 100000, 80000 / 100000 = 0.8] and $ 20000 were paid, the new current ratio would be:

= ($80000 - $20000) / ($100000  - $20000)

= $60000 / $80000

= 0.75

Hence, the current ratio would Decrease. This should be discouraged.

Conclusion: No, the answer would not be the same if current ratio were 0.8 instead of 1.2.

Please help ASAP!
Lisa is thinking about a career in Hospitality and Tourism. She has always wanted to run a small bed and breakfast. What area might have just the right economy for Lisa?

A. a concentrated manufacturing district

B. a farming community with chicken houses everywhere

C. a small town close to the beach

D. a cold, icy community in a rural area

Answers

Answer:

C

Explanation:

Answer:

C. a small town close to the beach

Explanation:

What are bank notes in economics?

Answers

Answer:

A banknote is a negotiable promissory note which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note.

banknote is a negotiable promissory note which one party can use to pay another party a specific amount of money. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note.

National Bank currently has $500 million in transaction deposits on its balance sheet. The current reserve requirement is 10 percent, but the Federal Reserve is decreasing this requirement to 8 percent. a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 60 percent of these funds to National Bank as transaction deposits.

Answers

Answer:

See all the required balance sheets below.

Explanation:

a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits

a(1) The Initial Balance Sheet will look as follows:

Federal Reserve Bank

Balance Sheet

Particulars Amount                  ($' million)  

Assets

Treasury Securities (w.1)                 50

Liabilities

Reserves (w.1)                                  50

National Bank

Balance Sheet

Particulars                                    Amount ($' million)  

Assets

Reserve deposits at Fed (w.1)                  50

Loan                                                         450  

Total assets                                           500  

Liabilities

Deposit                                                   500  

Total liabilities                                        500

a(2) The Balance Sheet after all the changes will look as follows:

Federal Reserve Bank

Balance Sheet

Particulars Amount                  ($' million)  

Assets

Treasury Securities (w.5)                 41.38

Liabilities

Reserve (w.5)                                   41.38

National Bank

Balance Sheet

Particulars                           Amount ($' million)  

Assets

Reserve deposits at Fed (w.5)        41.38

Loan (w.6)                                      475.86  

Total assets                                   517.24  

Liabilities

Deposit                                           517.24  

Total liabilities                                517.24  

b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 60 percent of these funds to National Bank as transaction deposits.

b(1) The Initial Balance Sheet will look as follows:

Federal Reserve Bank

Balance Sheet

Particulars Amount                  ($' million)  

Assets

Treasury Securities (w.1)                 50

Liabilities

Reserves (w.1)                                  50

National Bank

Balance Sheet

Particulars                           Amount ($' million)  

Assets

Reserve deposits at Fed (w.1)         50

Loan                                                450  

Total assets                                   500  

Liabilities

Deposit                                           500  

Total liabilities                                500

b(2) The Balance Sheet after all the changes will look as follows:

Federal Reserve Bank

Balance Sheet

Particulars Amount                  ($' million)  

Assets

Treasury Securities (w.5)                 41.38

Liabilities

Reserve (w.5)                                   41.38

National Bank

Balance Sheet

Particulars                                        Amount ($' million)  

Assets

Reserve deposits at Fed (w.10)                  41.25

Loan (w.11)                                                 474.38  

Total assets                                               515.63  

Liabilities

Deposit                                                      515.63  

Total liabilities                                           515.63  

Workings:

For part a

w.1: Treasury Securities = Reserves = Current transaction deposits * Current reserve requirement percentage = $500 million * 10% = $50 million

w.2: New initial required reserves = Current transaction deposits * New reserve requirement percentage = $500 million * 8% = $500 million * 8% = $40 million

w.3: Change in bank deposits = (1/(New reserve requirement percentage + (1 – Percentage returned by borrowers))) * (Old initial required reserves - New initial required reserves) * Percentage of excess reserves converted to loans by National Bank = (1/(8% + (1 - 50%))) * (50 million - $40 million) * 100 =  17.24 million

w.4: New transaction deposits = Current transaction deposits + Change in bank deposits = $500 million + $17.24 million = $517.24 million

w.5: Treasury Securities = Reserve deposits at Fed = New transaction deposits * New reserve requirement percentage = $517.24 million * 8% = $41.38 million

w.6: Loans = New transaction deposits - Reserve deposits at Fed = $517.24 million - $41.38 million = $475.86 million

For part b.

w.7: New initial required reserves = Current transaction deposits * New reserve requirement percentage = $500 million * 8% = $500 million * 8% = $40 million

w.8: Change in bank deposits = (1/(New reserve requirement percentage + (1 – Percentage returned by borrowers))) * (Old initial required reserves - New initial required reserves) * Percentage of excess reserves converted to loans by National Bank = (1/(8% + (1 - 60%))) * (50 million - $40 million) * 75% = 15.63 million

w.9: New transaction deposits = Current transaction deposits + Change in bank deposits = $500 million + $15.63 million = $515.63 million

w.10: Reserve deposits at Fed = New transaction deposits * New reserve requirement percentage = $515.63 million * 8% = $41.25 million

w.11: Loans = New transaction deposits - Reserve deposits at Fed = $515.63 million - $41.25 million = $474.38 million

has assets with a market value of $100 million, $10 million of which are cash. has debt of $40 million, and 10 million shares outstanding. Suppose that distributes $10 million as a dividend. Assuming perfect capital markets, what will new market debt-equity ratio be after the dividend is paid

Answers

Answer:

See below

Explanation:

First, we need to calculate new stock price.

Current stock price = (Assets market value - debt) / Number of shares outstanding.

= (100 - 40)/10

= $6

Assets value after dividend distribution = 100 - 10

= 90

Number of shares purchased = 10/6 = 1.667 million shares

New stock price = (90 - 40)/(10 - 1.667)

= $7.20

Debt equity ratio = Debt / Equity

Equity = Stock price × number of shares

= $ (7.20 × (10 - 1.667)

= $ (7.2 × 8.33)

= $60

Debt = 40

Debt equity = 40/60 = 0.667 times

What do externalities indicate?
a. resource immobility
b. a market failure
c. a lack of information
d. public goods

Answers

Answer:

They indicate B. A market failure

A trial balance has total debits of $36,000 and total credits of $48,500. Which one of the following errors would create this imbalance?

A.) A $6,250 debit to utilities expense in a journal entry was incorrectly posted to the ledger as a $6,250 credit, leaving the utilities expense account with a $7,000 debit balance.

B.) A $12,500 debit to salaries expense in a journal entry was incorrectly posted to the ledger as a $12,500 credit, leaving the salaries expense account with a $2,350 debit balance.

C.) A $6,250 credit to consulting fees earned (revenues) in a journal entry was incorrectly posted to the ledger as a $6,250 debit, leaving the consulting fees earned account with a $14,300 credit balance.

D.) A $6,250 debit posting to accounts receivable was posted mistakenly to land.

E.) A $12,500 debit posting to equipment was posted mistakenly to cash.

F.) An entry debiting cash and crediting accounts payable for $12,500 was mistakenly not posted.


Please answer which one is it. Thank you!

Answers

Answer:

$2,250 debit to Rent Expense in a journal entry is incorrectly posted to the ledger as a $2,250 credit, leaving the Rent Expense account with a $3,000 debit balance

Explanation:

Answer:

is the repondet the

F.) An entry debiting cash and crediting accounts payable for $12,500 was mistakenly not posted

Jackson Inc. listed the following data for 2019: Budgeted factory overhead $1,272,000 Budgeted direct labor hours 80,000 Budgeted machine hours 40,000 Actual factory overhead 1,201,400 Actual direct labor hours 86,700 Actual machine hours 39,800 Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 (round calculations to 2 significant digits) is:

Answers

Answer: $31.80 per machine hour

Explanation:

Based on the information that have been given in the question, since the overhead was applied by Jackson Inc., therefore, the firm's predetermined overhead rate will be:

= Budgeted factory overhead / Budgeted machine hours

= $1,272,000 / 40000

= $31.80 per machine hour

Suppose the price elasticity of demand for heating oil is 0.1 in the short run and 0.9 in the long run.
a. If the price of heating oil rises from $1.20 to $1.80 per gallon, the quantity of heating oil demanded will by % in the short run and by % in the long run. The change is in the short run because people can respond easily to the change in the price of heating oil.
b. Why might this elasticity depend on the time horizon?

Answers

Answer: there is a 40% increase demand on a short run,

there is a 36.4% increase in demand on a long run

Elasticity depends on time horizon due to the possibility that oil substitutes might come into picture and people would prefer that over heated oil

Explanation:

Price elasticity in short run= 0.1

Price elasticity in long run = 0.9

For the short run, % change in demand would be; 0.1 = %change in demand÷ 1.8-1.2/ 1.2+1.8/2

0.1 = %change in demand/ 0.6/1.5

%change in demand = 0.4

So, there is a 40% increase demand on a short run

For 0.9, %change in demand = 0.9 × 0.6/ 1.5 = 0.36

So, there is a 36.4% increase in demand on a long run

b) Elasticity depends on time horizon due to the possibility that oil substitutes might come into picture and people would prefer that over heated oil

In January, Dieker Company requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,400, Job 3 $760, and general factory use $620. Prepare a summary journal entry to record raw materials used. (Credit account titles are automatically indented when amount is entered.

Answers

Answer:

Dr Work in Process Inventory $3,120

Dr Manufacturing Overhead $620

Cr Raw materials Inventory $3,740

Explanation:

Preparation of the summary of journal entry to record raw materials used.

Based on the information given the summary of journal entry to record raw materials used will be:

Dr Work in Process Inventory $3,120

(Job 1 $960+Job 2 $1,400+Job 3 $760)

Dr Manufacturing Overhead $620

Cr Raw materials Inventory $3,740

($3,120+$620)

(Being to record the record raw materials used)

Determine how much interest expense the company will include in the income statements and the amount of the liability the company will report in the balance sheets for this note for 2021 and 2022. (Do not round intermediate calculations. Round your answers to the nearest whole dollars.) 2021 2022 Interest expense $2,904 $3,252 Liability amount $27,104 $23,852

Answers

Answer:

To find the interest expense, first get the present value of the note.

2021 interest                                                      2022 Interest

                                                                           

Present value = 35,000 / (1 + 12%)³                   = 12% * (24,912 + 2,989)

= $24,912                                                           = $3,348

                                                                        2021 interest is added because

Interest = 12% * 24,912                                    it is now part of the liabilities.

= $2,989

2021 Liability

= Present value of Note payable + Interest for the year

= 24,912 + 2,989

= $‭27,901‬

2022 Liability

= 27,901 + 3,348

= $‭31,249‬

Figures are different from yours as yours lacks the complete details so I used a similar question.

The interest expense in the income statements and the liability amount for the balance sheets for this note for 2021 and 2022 are:$2,904 and $27,104 for 2021$3,252 and $23,852 for 2022

Interest Expense for 2021:

$2,904 Interest Expense for 2022: $3,

252 Liability Amount for 2021: $27,

104 Liability Amount for 2022: $23,852

We know that;Interest = Principal × Rate × Time Where,

Interest = Interest Expense Principal = Liability Amount Rate = Rate of Interest per year Time = Time in years Let the Principal amount for this note be P.

The interest rate is not provided in the question but is required for calculating the Principal.

Hence, we will use the following formula to calculate the interest rate:

Interest = Principal × Rate × Time Rate = Interest / (Principal × Time)

Substituting the values;

For 2021:Interest = $2,904

Principal = $27,104

Time = 1 year

Rate = 2904 / (27104 × 1)

Rate = 0.107 or 10.7% (approx)

Therefore, the Principal amount is:

P = Liability Amount - 150 (transaction fees)

P = $27,104 - $150P = $26,954

The interest expense for 2021 can now be calculated as:

Interest Expense = Principal × Rate

Interest Expense = $26,954 × 0.107

Interest Expense = $2,890 (approx)

The liability amount for 2022 can be calculated by subtracting the Principal repaid from the Liability Amount in 2021.

The Principal repaid can be calculated by subtracting the interest expense in 2021 from the total payment made in 2021.

Total Payment in 2021 = Interest Expense + Principal repaid Total Payment in 2021 = $2,904 + Principal repaid

Let the Principal repaid in 2021 be p.

P + Interest - 150 = Total Payment in 202 1 P + $2,904 - 150 = $27,104 P = $24,350

Therefore, the Principal repaid in 2021 = $24,350 - $150 = $24,200

The Liability Amount for 2022 can now be calculated as:

Liability Amount for 2022 = Liability Amount in 2021 - Principal repaid in 2021 Liability Amount for 2022 = $27,104 - $24,200 Liability Amount for 2022 = $2,904

The Principal for the note in 2022 can be calculated as follows:

P = Liability Amount - 150

P = $23,852 - $150

P = $23,702

Now, the interest expense for 2022 can be calculated as:

Interest Expense = Principal × Rate

Interest Expense = $23,702 × 0.137

Interest Expense = $3,250 (approx)

Therefore, the interest expense in the income statements and the liability amount for the balance sheets for this note for 2021 and 2022 are:$2,904 and $27,104 for 2021$3,252 and $23,852 for 2022

learn more about  on  income statements

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Which of the following is the most important factor contributing to the specialization of the architect and engineer roles into separate functions?
Specialization ensures that no one person is the only knowledgeable person on a project.
Specialization assists with more precise budget projections.
Specialization ensures one role is not more important than the other roles on a project. Specialization better ensures plans are implemented more efficiently.​

Answers

Answer:

Its Making budget is working on a company on a city that the budget is high to pay you the boss of the company. I prefer working in the city

Explain how each of the following is presented in a multiple-step income statement. Sale of marketable securities at a loss. Adjusting entry to create (or increase) the allowance for doubtful accounts. Entry to write off an uncollectable account against the allowance. Adjusting entry to increase the balance in the marketable securities account to a higher market value.

Answers

Answer:

Presentation of a Multiple-step Income Statement

1. Sale of marketable securities at a loss.

In the non-operating section of the income statement

2. Adjusting entry to create (or increase) the allowance for doubtful accounts.

In the operating section of the income statement

3. Entry to write off an uncollectible account against the allowance.

In the operating section of the income statement

4. Adjusting entry to increase the balance in the marketable securities account to a higher market value.

In other comprehensive income section of the income statement

Explanation:

The sale of marketable securities at a loss gives rise to a realized loss.  This is recorded in the non-operating section of the income statement after the operating section.  Items 2 and 3 are recorded in the operating section of the income statement, as they relate to the entity's normal operations.  Item 4 refers to an unrealized gain.  This is recorded in the other comprehensive income section just as unrealized losses.  The other comprehensive income section shows the comprehensive income and expenses, which refer to changes in equity that originate from non-operating sources.

Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. I am buying a firm with an expected perpetual cash flow of $2,000 but am unsure of its risk. If I think the beta of the firm is 0.8, when in fact the beta is really 1.6, how much more will I offer for the firm than it is truly worth

Answers

Answer:

The correct solution is "$6,564.01". A further solution is given below.

Explanation:

The given values are:

beta,

= 1.6

market return,

= 15%

cash flow,

= $2,000

risk free rate of interest,

= 3%

Now,

The stock return will be:

= [tex]3+ 1.6\times (15-3)[/tex]

= [tex]3+ 1.6\times 12[/tex]

= [tex]22.2 \ percent[/tex]

The actual worth of the firm will be:

= [tex]\frac{cash \ flow}{rate \ of \ return}[/tex]

= [tex]\frac{2000}{22.2 \ percent}[/tex]

= [tex]\frac{2000}{0.222}[/tex]

= [tex]9,009[/tex]

With 0.8 beta, the stock return will be:

= [tex]3+ 0.8\times (15-3)[/tex]

= [tex]3+ 0.8\times 12[/tex]

= [tex]12.6 \ percent[/tex]

So that I'm paying for the firm,

= [tex]\frac{2000}{12.6 \ percent}[/tex]

= [tex]\frac{2000}{0.126}[/tex]

= [tex]15,573.01[/tex] ($)

Hence,

I'm paying,

= [tex]15,573.01-9,009[/tex]

= [tex]6,564.01[/tex] ($)

Based on the way SBC's brand manager describes its overall pricing strategy across various types of bikes with varying attributes for different types of riders and varying degrees to which those attributes are incorporated, SBC employs

Answers

Answer:

Customer orientation to pricing

Explanation:

Based on the description provided, SBC employs product line pricing. This strategy involves setting different prices for various types of bikes within their product line based on the attributes they offer and the target market they cater to, allowing for differentiation and catering to different customer segments. Therefore, option A is correct.

Product line pricing is a strategy that involves setting different prices for different products within a company's product line based on variations in attributes, features, or target customer segments.

It recognizes that not all products in the line are equal and that customers may have different needs, preferences, and willingness to pay.

By offering different price points for different products, companies can cater to diverse customer segments, maximize revenue, and create perceived value for each product variant, allowing customers to choose the option that best aligns with their desired features and budget.

Learn more about product line pricing here:

https://brainly.com/question/30358406

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Your question is incomplete; more probably, your complete question is this:

Based on the way SBC's brand manager describes its overall pricing strategy across various types of bikes with varying attributes for different types of riders and varying degrees to which those attributes are incorporated, SBC employs.

Multiple Choice

A. product line pricing.

B. competitor-based pricing.

C. odd/even pricing.

D. penetration pricing.

E. high/low pricing.

who was a main practitioner of virtue ethics?​

Answers

Explanation:

Virtue ethics began with Socrates, and was subsequently developed further by Plato, Aristotle, and the Stoics. Virtue ethics refers to a collection of normative ethical philosophies that place an emphasis on being rather than doing.

Nico is interested in buying a franchise from Oz Inc. For Nico to make an informed decision concerning this purchase, Oz must disclose in writing or online:a.general estimates of costs and sales, but not the basis for them.b.material facts such as the basis of projected earnings figures.c.no information.d.the money the franchisor makes from all its franchise sales.

Answers

Answer: b.material facts such as the basis of projected earnings figures.

Explanation:

A franchise simply means when a company allows another company to use it's brand and name in order to help the distribution of its products. The franchisee in this case pays a certain amount to the franchisor.

Bare on the above situation in the question, Oz must disclose in writing or online material facts such as the basis of projected earnings figures.

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