The types of disposal of business assets when matched to their descriptions are:
Like-Kind exchange:
Able Ltd. has a plant,which it does not use. It gives it to Delphi Ltd. Delphi Ltd. on the other hand, hands over the ownership of its office premises to Able Ltd.Sale:
Able Ltd. disposes of its assets as its depreciated value is less than its sale price.Abandonment:
Chez Ltd. has a warehouse, which has remained unused for a long period of time.Debt repayment:
Delphi Ltd. hands over the ownership of its manufacturing unit to its lender. What are some types of disposal of business assets?One way to dispose of business assets is abandonment. Here, the company simply stops using the asset in question for a long period of time like Chez Ltd. did when they left their warehouse unused.
There is also debt repayment where the business asset is given up as a way of paying off debt to a lender. Like-Kind exchange occurs when a business gives up an asset to another company and gets a similar asset from the other company such as office premises.
There is also a sale which is where a company sells off its assets at the depreciated value which will often be less than the purchase price.
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abby has eaten two pieces of cake. her marginal benefit of the next piece is 4 and her marginal cost of the next piece is 1. if abby is going to make an optimal decision, should she eat another piece of cake?
Since marginal benefit of next piece of cake is more than marginal cost, she should definitely eat another piece of cake.
The marginal benefit and marginal cost are two metrics of the way a product's price or value changes. The consumer is impacted by marginal benefit, while the producer is influenced by marginal cost. When producing goods, pricing, and promoting a product, companies must take both ideas.
The highest amount of money a customer is ready to shell out for an added good or service is referred to as the marginal benefit. Satisfaction of customers generally decreases as intake rises. The transition in cost which happens whenever an extra unit of output of a good or service is generated is referred to as the marginal cost.
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on march 12, fret company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,500. fret uses the perpetual inventory system and the gross method of accounting for sales. on march 15, babson returns some of the merchandise. the selling price of the merchandise is $600, and the cost of the merchandise returned is $350. babson pays the invoice on march 20 and takes the appropriate discount. the journal entry that fret makes on march 20 is:
As the buyer paid the amount within the discount period. so the total amount paid by the buyer is, Discount = $ 156.
What is amount?
Amount or quantity is a property that really can occur as a multitude as well as magnitude, demonstrating discontinuity and continuity. Quantities can be compared by using the terms "more," "less," or "equal," or by assigning a numerical multiple of a measurement unit. Quantitative properties include mass, time, distance, heat, and angle, to name a few. Quantity, along with reliability, substance, start changing, and relation, is one of the fundamental classes of things. Some quantities have an inner nature (as numbers), whereas others function as states (properties, measurements, attributes) of things like heavy and light, long and brief, broad and narrow, small and excellent, or much and little.
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when elizabeth is representing management side and is dealing with union representatives and labor agreements and settling terms of employees contracts and salary increases, elizabeth is engaging in the role of a
Because Elizabeth is representing management side and is dealing with union representatives and settling terms of employees contracts and labor agreements and salary increases, Elizabeth is engaging in the role of a negotiator.
A negotiator can be defined as a person who either comes to an agreement with someone else, or one who helps other people reach such an agreement. Negotiators are needed if two people cannot face each other. Negotiator also needed when two businesses merge, so negotiator is used to work out the details of the plan.
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Good morning/afternoon! How are y'all this morning? Did you eat? drink water? Stay healthy? If you haven't please do! Please take care of yourself! :) Also it might be a nice day for a walk! maybe go outside and get some fresh air! :) bye now!
Answer:
It's night already, Sweet dreams to you.,bye!
answer the question posed by the ceo of bricks ‘n’ bats. "where would it make sense for managers to have wide spans of control?" check all that apply. in shipping, where most employees are very experienced and highly trained in marketing, where most employees and contractors work out of their homes located across the country in manufacturing, where most employees perform similar tasks that don’t change much over time in logistics, where employees need to coordinate with several other areas to do their wo
Where it would make sense for managers to have wide spans of control include:
where most employees and contractors work out of their homes located across the country in manufacturing and
where employees need to coordinate with several other areas to do their work.
Who is a manager?A manager is a person who supervises both activities and people within a given establishment. In other words, a manager is the person in charge of overseeing things that needs to get done. A manager normally controls both people and resources which could be physical resources, economic resources, among others and even all these resources together at the same time.
Therefore, the correct answer is as given above
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kirby was an experienced manager who gathered his team each morning and assigned tasks. lucy supervised a second team; she did not tell them what to do but what needs to be done overall. lucy's team constantly showed higher productivity. what does this example demonstrate? multiple choice question.
Kirby was an experienced manager who gathered his team each morning and assigned tasks. This demonstrates how managers are changing to progressive team leadership
Lucy supervised a second team; she did not tell them what to do but what needs to be done overall. Lucy's team constantly showed higher productivity. Leadership is about impact and action, not about position or title. When you embrace the proper leadership mindset, you can apply this ground-breaking approach to all spheres of life. A progressive leader is one who challenges the status quo without fear. They constantly search for novel and creative ways to tackle issues rather than relying on old solutions.
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b) Now that you've created an invoice, how did you arrive at your final total? (2
points)
Answer:
black guy in the learners permit to build
oger works as a sales manager for hi-tech solutions, a company that performs software consulting services. while working for hi-tech, roger started a side business doing software consulting work and made $50,000 in it over the course of three years. roger never informed hi-tech of his lucrative side business. if a court finds that roger breached his duty of loyalty and orders him to pay hi-tech the $50,000 in profits he earned from his secret business, this is known as multiple choice disgorgement. restoration. reinstatement. replenishment.
A right answer is an option (a), which is disgorgement.
What does disgorgement mean?Disgorgement is described as "the act of giving up something on demand or under legal coercion" in Black's Law Dictionary. A party who makes money via unlawful or improper behavior is required to forfeit whatever profits they have made as a result of that unlawful or improper behavior. This remedy is called disgorgement. By making illegal activity unprofitable, this remedy aims to prevent unfair gain.
An example of a penalty that is meted out to people who have accumulated wealth illegally is disgorgement. It calls for giving up or returning all gains or funds obtained by unethical business practices to individuals who were harmed by the transaction.
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when inflation is high… group of answer choices nominal interest rates tend to be high the yield curve is inverted nominal interest rates tend to be low real interest rates are high relative to nominal rates.
When inflation is high, nominal interest rates tend to be high too. So the correct option is (a) 'nominal interest rates tend to be high'.
Inflation refers to an increase in prices over a certain period of time. As inflation increases, so too does the rate of lending/borrowing money before considering inflation - which is known as the nominal interest rate. The nominal interest rate is used in banks to describe interest rates on several types of loans and in the investment field. The nominal interest rates include both the total interest rate and a projected rate of inflation
Nominal interest rates are likely to rise with a high inflation rate because lenders demand higher interest rates as compensation for the decreased purchasing power of the money they are paid in the future.
While the other options are incorrect because:
The yield curve is inverted when long-term interest rates are lower than short-term interest rates, Nominal interest rates tend to be low with a decrease in inflation.When real interest rates are high relative to nominal rates, it is good for lenders but bad for borrowers.You can learn more about nominal interest rates at
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Max paid $24.05 for 7.4 gallons of gas. he wants to calculate the cost of each gallon of gas. max started his calculations by multiplying the divisor and the dividend by 10. he then set up this division problem: 240.5 divided by 74 how much did max pay for each gallon of gas? $0.0325 $0.325 $3.25 $32.50
Max will pay for each gallon = $ 3.25 ,correct answer is $ 3.25 ,i.e. option C
Max will pay for each gallon of gas :
$240.5 divided by 74 = 3.25
What is divisor and dividend in multiplication?It is defined as the number which is getting divided here is called the dividend. The number which divides a given number is the divisor. And the number which we get as a result is called as the quotient
Simplification of the condition :Based on the given condition let's formulate
24.05 ÷ 7.4
Multiply both the numerator and denominator with the same integer:
= [tex]\frac{2405}{740}[/tex]
Cross out the common factor: [tex]\frac{13}{4}[/tex]
Get the result , about how much Max will pay for each gallon of gas = $3.25
How does one do multiplication division?When we divide fractions, we really turn the division problem into a multiplication problem by turning the divisor (the second fraction) the wrong way up (switching its numerator with its denominator) and changing the division sign to a multiplication sign at the present time
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Answer: it is C brain list
Explanation:
i m smart i be work hard to get one
the adjusting entry to record the revenue earned by the seller fulfilling its obligation results in a(n) to the deferred revenue account. (enter one word per blank.)
The adjusting entry to record the revenue earned by the seller fulfilling its obligation results in a decrease to the deferred revenue account.
What is the entry for deferred revenue?Deferred revenue refers to money that is received in advance for the products or services that are going to be performed or sell in the future.
A deferred revenue journal entry is a financial transaction that is primarily made to record the income already received for a product or service that has yet to be delivered.
Basically, the common examples of the deferred revenue are the rent payments received in advance or annual subscription payments received at the beginning of the year.
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a delivery car had a first cost of $36,000, an annual operating cost of $16,000, and an estimated $7000 salvage value after its 6-year life. due to an economic slowdown, the car will be retained for only 3 years and must be sold now as a used vehicle. at an interest rate of 9% per year, what must the market value of the used vehicle be in order for its aw value to be the same as the aw if it had been kept for its full life cycle?
The salvage value at the end of two years needs to be $111249.790 for the annual values of both periods to be equal.
What is meant by Annual worth?The Annual Worth (AW) approach is frequently employed for contrasting options. AW denotes the conversion of all receipts and payments into a constant, equivalent annual amount after each month. When comparing options with differing life spans, this method has a significant benefit over all the others in that it does not need comparing across the least common multiple (LCM) of years. In other words, only one life cycle is used to determine the AW value of the alternative. Providing all cash flows are the same for each cycle in constant-value dollars if the project is sustained for more than one cycle, the corresponding annual worth for the second cycle and all succeeding cycles will be precisely the same as for the first.First cost of the car = $36,000
Salvage value = $7000
Annual operating cost = $16,000
Interest Rate = 9%
Useful life = 6 years
From the compound interest table, it was obtained that:
(A/P, 9%, 6) = 1.67710
(A/F, 9%, 6) = 0.1434
(A/P, 9%, 3) = 1.29503
(A/F, 9%, 3) = 0.3141
Net Annual worth of the car (if the car was used for the full 6 years)
= AW of the first cost + Annual operating cost + AW of the salvage value
= -$36,000 (A/P, 9%, 6) - $16,000 + s*(A/F, 9%, 6)
= -$36,000 * 1.67710 - $16,000 + s*0.1434 =
-76375.6 + 0.1434s
If the care was used for only 3 years,Let the salvage value at the end of 3 years be 's'Net Aw of the car (if the car was used for 3 years) = AW of the first car + Annual operating cost + AW of the salvage value = -$36,000 (A/P, 9%, 3) - $16,000 + s*(A/F, 9%, 3)
= -$36,000 * 1.29503 - $16,000 + s*0.3141
= -62621.08 +0.3141s = -62621.08 +0.3141*7000 = -60422.38
If the net AW of both the periods is same,
-$60422.38 = -$76375.6 + 0.1434s
⇒ 0.1434 s = $15953.22
⇒ s = $111249.790
The salvage value at the end of two years needs to be $111249.790 for the annual values of both periods to be equal.
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Sport managers compete for the __________ of consumers through the sale of items that might or might not be related to the primary focus of the sport business.
Sports managers compete for the discretionary funds of consumer by selling items that may or may not be related to the core focus of the sports business.
Discretionary funds corresponds to a type of expense which is related to a product or service that is not considered essential, even if there is a utility that justifies it, such as:
Travel expenses
Restaurant
Academy
Movie theater
Automobiles
Sporting items that can be linked to discretionary spending can be, for example, accessories related to a football team, such as a hat, key chain and sportswear.
Thats why , sports managers develop strategies to develop products and services that are characterized as discretionary funds to attract consumers, increase the profitability and competitiveness of a brand in the market.
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fill in the blank question. a company borrows $60,000 from a bank to purchase equipment. it signs an 8% note requiring six annual payments of principal plus interest. this is an example of a(n) note.
This is an example of an installment note. Installment loans have the benefits of flexible terms and cheaper interest rates.
What is installment note?A type of promissory note known as an installment note requires the payment of interest and principal in fixed amounts at predetermined intervals. By periodically lowering the principal, the loan is amortized.The borrower must pay back the entire note amount at a predetermined period under a lump sum note or balloon loan, though. A payment schedule is absent.Installment notes stand out from other types of debt because they must be repaid throughout the course of the term in regular, recurring payments.The borrower makes a partial principal repayment and loan interest payment with each installment. Installment loans include, but are not limited to, vehicle loans, home loans, personal loans, and student loans.Learn more about installment note here:
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the marketing mix in the stage of a product's life cycle is characterized by a small number of product models that are sold at a high price and are distributed in limited areas.
The marketing mix is the collection of activities, or methods, that a business employs to sell its brand or merchandise price. A typical marketing mix is comprised of the four Ps: price, product, promotion, and place.
Today, however, the marketing mix is progressively including several more Ps as essential marketing mix components, such as Packaging, Positioning, People, and even Politics. The product life cycle has four unique phases: introduction, growth, maturity, and decline. With each step, the product's marketing positioning evolves price. You can use a range of marketing strategies to try to lengthen the life cycle of your products at each stage.
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avery construction assembles residential houses. it uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). direct labor-hours is the allocation base for assembly support costs. in december 2019, avery budgets 2020 assembly-support costs to be $8,700,000 and 2020 direct labor-hours to be 145,000. at the end of 2020, avery is comparing the costs of several jobs that were started and completed in 2020.
The majority of job-order costing systems use established overhead rates, or rates based on expected overhead costs and driver units, to distribute overhead expenses to works that are currently in process.
It is known as normal costing.
Which business uses job order costs the most frequently?
Job order costing can be used by enterprises in the white-collar sector of the economy, such as law firms, accounting firms, and private investment firms, to handle specific client accounts. For instance, accounting firms may view every client as a separate task.
Why don't businesses use the actual overhead rate instead of one that is predetermined?
Actual overhead expenses can fluctuate owing to periodic variances, but using fixed overhead rates can help level those out (such as seasonal changes). This will guarantee that product prices stay the same throughout the year.
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the finance instructor is providing instructions to tad and his classmates on how to complete the semester's final assignment. what role is tad playing in this communication process?
Tad is acting as "Sender" in this communication process.
Who in a communication process is a sender?
The sender is the individual, team, or entity who initiates communication. The success of the message was initially attributed to this source. The sender's actions have an impact on the communication. viewpoints, culture, knowledge, competence, and experiences.
What qualities characterize successful communication?
A skilled communicator has the ability to be adaptable, attentive, responsive, and calm, which are his or her four defining traits. Overall, people view you as dependable and approachable.
Therefore, it is accurate to say that Tad's position in this communication process is that of "Sender" because the finance instructor is giving directions to Tad and his classmates on how to accomplish the semester's final assignment.
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if a bond's price is higher than the principal amount (or face value), its yield to maturity will be the coupon rate. a. equal to b. more than c. no relation to d. less than
marcella is self-employed. in 2022, she had the following business meal expenses: $1,000 spent for meals at restaurants with vendors and clients, and $200 spent for food at the grocery store. how much can marcella de
Answer:$1100
Explanation:
100% of what was reasonably spent on clients and vendors and 50% of personal spending at grocery and liquor stores.
halle is trying to identify the work performed and the working conditions of the 200 sales associates at acme global. she needs the information quickly in order to present it at the next management meeting. in this case, the job analysis method would be most appropriate.
It would be best to use the questionnaire job analysis approach.
The correct option is A.
How do job questionnaires work?The Job Description Questionnaire (JDQ) is a tool used to obtain details on the tasks and obligations associated with staff positions.
What does an HR questionnaire entail?A set of questions known as a questionnaire is used to gather data for a variety of reasons. Questionnaires can be designed, produced, distributed, and answered; the results can then be analyzed.
What exactly is the job analysis questionnaire method?The Work Analysis Questionnaire (JAQ) is a tool for gathering data that focuses on the tasks, obligations, vital duties, and physical demands of a particular job rather than the person performing the job.
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I Understand that the question you are looking for is
Halle is trying to identify the work performed and the working conditions of the 200 sales associates at Acme Global. She needs the information quickly to present it at the next management meeting. In this case, the ______ job analysis method would be most appropriate.
A. questionnaire
B. interview
C. diary
D. observation
What do limited partners in a
business give up? What do they gain?
Answer:
In return for giving up management power, limited partners get the benefit of protection from personal liability.
Explanation:
milo is the owner of a sporting goods store that has only been open for three months. the holiday season is coming up, and milo realizes that he will need extra help. milo asks his friend jess to help him out at the store. milo and jess agree that jess will work during the months of november and december. however, because milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that jess will work for the following week, and to decide the hourly rate after jess has worked two weeks before she receives her first paycheck. just before november 1, jess takes a job at another store. if milo tries to sue jess for breach of contract, the court will probably decide:
If Milo tries to sue Jess for breach of contract, the court will probably decide: that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
This is further explained below.
What is a sue?Generally, to pursue (someone) via the legal system in order to get justice or a right, more specifically: to file a lawsuit against someone.
You have the ability to seek justice for any losses or harm, whether physical or mental, that you may have experienced as a result of the activities of the other entity by initiating a lawsuit against that entity.
You, as the individual who is bringing the claim, will be referred to as the plaintiff, while the entity that you have initiated the action against will be referred to as the defendant.
In conclusion, The court will presumably rule that the parties had a contract, but that the damages could not be calculated since the hourly rate and the total number of hours had not been established, if Milo seeks to sue Jess for breach of contract.
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CQ
Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.
if the mortgage loan is 80% of the house purchase price and the interest rate of 6% amounts to $460 mortgage payment each month for 25 years, what is the house purchase price?
The house purchase price is mathematically given as
$68140
This is further explained below.
What is a mortgage payment?Generally, Principal, interest, property taxes, and mortgage insurance are the basic components that make up a monthly mortgage payment. The Principal amount is the part of the payment that goes toward reducing the total amount still owed on the loan.
The cost of borrowing money is represented by the interest rate. Your interest rate and the outstanding balance on your loan are the two main factors that go into calculating the amount of interest you have to pay.
The equation of the principle amount is mathematically given as
[tex]P V=A\left[\frac{1-\left(\frac{1}{1+r}\right)^n}{r^{(p)}}\right][/tex]
Number of Periods/Years (n) = 15
Nominal Rate Of Interest (r(12)) = 0.06
Regular Withdrawal (A) = $5520
Therefore
[tex]\\P V=5520 * \frac{1-\left(\frac{1}{1+0.06168}\right)^{15}}{0.06} \\\\P V=\$ 54511.61675\end{gathered}[/tex]
Therefore
[tex]Price =54511.61675*(5/4)[/tex]
=68139.5209
=68140
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madsen motors’ bonds have 22 years remaining to maturity. they have a $1,000 par value and the coupon interest rate is 9%. interest is paid annually. if the yield to maturity is 11%, what is the bond’s current market price?
The bond will cost $834.48 on the open market if the yield to maturity is 11%.
What is the valuation of bonds?
Bond valuation is a method for calculating the hypothetical fair value of a specific bond. A bond's face value also referred to as its par value or cash flow, and the value of the bond at maturity are both calculated as part of the valuation process. A bond's par value and interest payments are fixed, so an investor uses bond valuation to determine what rate of return is necessary for a bond investment to be profitable.
Calculation:
Appling the following formula for bond valuation;
Value of a bond = Present Value of Interest Payment + Present Value of Principal Payment
Present Value of Interest Payment = Coupon Amount * PVIFA
Where,
r is the bond's YTM.
n is the bond's remaining maturity period.
PVIFA stands for Present Value Interest Factor of an Annuity at Rate (r%), Number of Years.
The Present Value of the Principal Amount = Principal Amount * PVIF
Where,
PVIF is the Present Value Interest Factor at r%, n years
In this question,
Par value = $ 1000
n = 22 years
r =11%
Coupon amount = 1000* 9% = 90
[tex]PVIFA = \frac{1 - (1 + r )^{-n} }{r} \\PVIF = (1 + r)^{-n} \\Price = 90 * \frac{1 - (1 + 0.11)^{-22} }{0.11} + 1000*(1+0.11)^{-22}[/tex]
= $834.48.
Therefore, the bond will cost $834.48 on the open market if the yield to maturity is 11%.
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the reporting section of principles underlying an audit conducted in accordance with gaas requires the auditor's report to contain either an expression of opinion regarding the financial statements taken as a whole or an assertion to the effect that an opinion cannot be expressed. the objective of this requirement is to prevent:
If the reporting section of principles underlying an audit conducted in accordance with gaas requires the auditor's report to contain either an expression of opinion regarding the financial statements. The objective of this requirement is to prevent: Misinterpretations regarding the degree of responsibility the auditor is assuming.
Who is an auditor?An auditor can be defined as the person whose duties and responsibilities is to detect error or fraudulent act in a financial statement of a company or an organization and the auditors must as well ensures that the financial statement that was audited was correctly audited without error.
The auditor must tend to follow the Generally Accepted Auditing Standards (GAAS) so as to prevent any form of financial statement misinterpretations.
Therefore we can conclude that misinterpretations regarding the degree of responsibility the auditor is assuming is what should be prevented.
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The amount of money a borrower owes in addition principal cost of borrowing
The amount of money a borrower owes in addition principal cost of borrowing is called principle.
What exactly is cost of borrowing?The overall sum a debtor pays to obtain a loan and use money is referred to as the cost of borrowing and includes financing costs, account upkeep costs, loan origination costs, and other loan-related expenditures.The sum due and the cost of borrowing money are referred to as interest and principal, respectively. Some people use their entire payday (or more) each week to pay down the interest and principle on their credit card balances, student loans, auto loans, and other consumer obligations.The cost of borrowing money is determined by the interest rate, but because the APR also accounts for additional fees related to getting a loan, notably a mortgage, it provides a more accurate picture of overall borrowing costs.Learn more about cost of borrowing here:
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four years ago, lucas invested $500. three years ago, matt invested $600. today, these two investments are each worth $800. assume each account continues to earn its respective rate of return and interest is compounded annually. which one of the following statements is correct concerning these investments?
Based on the interest rate earned by Lucas and Matt, one year ago, Lucas investment was worth less than Matt's investment.
What is the true option?When an investment earns interest that is compounded annually, it means that both the amount invested and the interest that has already been earned increases at an exponential rate once a year.
The formula that would use to determine the interest rate earned on the investment is:
Interest rate =[(FV / PV)^(1 / n)] - 1
Where:
FV = future value PV = present value n = number of yearsLucas's interest rate = [ (800 / 500)^(1/3) ]- 1 = 16.96%
Matt's interest rate = [ (800 / 600)^(1/3) ]- 1 = 10.06%
Value of Matt's investment three years from today = 800 x (1.1006)^3 = $1,066.67
Value of Lucas investment three years from today = 800 x (1.1696)^3 = 1,2799.77
Value of Matt's investment one year ago = 600 x (1.1006)^2 = 726.79
Value of Lucas investment one year ago = 500 x (1.1696)^2 = 683.98
Here are the options:
A) Three years from today, Matt's investment will be worth more than Lucas
B) One year ago, Lucas investment was worth less than Matt's investment.
C) Matt earns a higher rate of return than Lucas
D) Matt has earned an average annual interest rate of 9.86 percent.
E) Lucas has earned an average annual interest rate of 12.64 percent.
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the following adjusted trial balance at december 31 of wilson trucking company. account title debit credit cash $ 8,700 accounts receivable 18,200 office supplies 3,700 trucks 179,000 accumulated depreciation—trucks $ 36,700 land 92,000 accounts payable 14,100 interest payable 4,700 long-term notes payable 61,500 k. wilson, capital 177,000 k. wilson, withdrawals 20,700 trucking revenue 137,000 depreciation expense—trucks 24,200 salaries expense 63,100 office supplies expense 8,700 interest expense 12,700 totals $ 431,000 $ 431,000
The preparation of the balance sheet for Wilson Trucking Company is as follows:
Wilson Trucking Company
Balance SheetAt December 31
AssetsCurrent Assets:
Cash $8,700
Accounts receivable 18,200
Office supplies 3,700
Total current assets $30,600
Long-term Assets:
Trucks $179,000
Accumulated depreciation (36,700)
Land 92,000
Total long-term assets $234,300
Total Assets $264,900
Liabilities and EquityShort-term Liabilities:
Accounts payable $14,100
Interest payable 4,700
Total current liabilities $18,800
Long-term notes payable 61,500
Total liabilities $80,300
Equity:
K. Wilson, capital $177,000
K. Wilson, Withdrawals (20,700)
Net income 28,300
Total equity $184,600
Total liabilities and equity $264,900
What is the balance sheet?
The balance sheet is a financial statement that summarizes the assets, liabilities, and equity balances of an entity at a point in time.
The assets and liabilities are classified into short-term and long-term for effective presentation.
Income SummaryTrucking revenue $137,000
Expenses:
Depreciation expense—trucks 24,200
Salaries expense 63,100
Office supplies expense 8,700
Interest expense 12,700 $108,700
Net income $28,300
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Question Completion:Prepare the balance sheet at December 31.
jerry is purchasing a condo in a mello-roos district. as his agent, where can you advise him to look for information about mello-roos taxes assessed on the property?
Mello-Roos is commonly calculated as a percentage of the property worth of your home.. Examine your most recent property tax bill to see what rate is being used for your Mello-Roos. Your most recent Mello-Roos tax payment will be clearly shown on this document.
Mello-roos taxes are exactly what they sound like, right?A Mello-Roos district is a special tax assessment district established in California to fund local infrastructure or services. The tax is only levied on residents of the district who benefit from the project.
The Mello-Roos tax is assessed against the land but is not based on the property's value; thus, when the property is sold, the amount of the tax does not change. The original maximum amount specified in the Resolution of Formation cannot be exceeded by the tax amount.
Mello-roos is a real estate term that refers to an additional tax or special assessment placed on a property at the time of purchase, in addition to the property tax.
Some buyers believe that having Mello-Roos CFDs helps to maintain the investment value of the property. Other buyers are either opposed to Mello-Roos funding or cannot afford the additional costs. They may believe it is not worth the extra cost and would prefer to shop elsewhere.
Hence, Mello-Roos is commonly calculated as a percentage of your home's property value. Your most recent Mello-Roos tax payment will be clearly shown on this document.
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toyota offers a different products that are promoted and priced differently to attract different groups of consumers. in fact, toyota distributes its lexus vehicles at a completely different place. this combination of product, price, place, and promotion is also known as the
This combination of product, price, place, and promotion is also known as the Marketing mix.
Marketing mix is defined as set of marketing tools which is used by management to achieve its objective. It helps to focus on the product.
Marketing mix refers to the 4 P's : product, place, price, promotion.
All the elements of marketing mix works in a conjunction with one another.
It helps to reach the wider customer groups, and helps to make strategic decisions.
Three additional P's are also added to the marketing mix that is people, process and physical evidence.
Product is defined as value given to to the customer whereas price is defined as value charged from customer for the product offered.
Place is the area where product is being sold.
Promotion refers to give information about the product to the respective people.
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