Given acceptable credit utilization is 30%, if you have a credit limit of $1000 -
how much can you comfortably spend to maintain a good credit rating?
O $300
O $333
O $150
O $500
I borrow $600 and Paid it off in 5 years, my annual Interest rate 2/0
Whate much is interest Rate
The interest paid for the specified values is $60.
Given,
Loan amount: $600
five years to pay it off.
The interest rate per year is 2%.
The amount of interest due is:
600*2/100*5: $60
An interest rate reveals how costly borrowing is or how profitable saving is. As a result, the amount you pay for borrowing money, stated as a percentage of the total loan amount, is the interest rate if you are a borrower.
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Explain the impact of entrepreneurship on the individual, the family and the local community
The impact of entrepreneurship on the individual, the family and the local community is mentioned below.
Describe the effects of entrepreneurship on the person, the family, and the neighborhood.
By offering cutting-edge technologies, goods, and services, entrepreneurs stimulate economic growth. Existing businesses are forced to become more competitive due to increased entrepreneurship competition. Long-term and short-term job prospects are both created by entrepreneurs.
What effect does entrepreneurship have on the neighborhood?
Describe the effects of entrepreneurship on the person, the family, and the neighborhood.
By creating new products and services, they promote new employment, which eventually speeds up economic growth. Therefore, it makes sense to view public policy that encourages entrepreneurship as essential to the advancement of the economy.
Thus Economic Growth is Accelerated by Entrepreneurship.
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Discuss the errors that can be detected through a trial balance. How are they spotted and corrected? Consider a particular type of error and discuss how you would go about correcting the error.
In a double entry accounting system, you can utilize a trial balance to find any mathematical mistakes that may have happened. There shouldn't be any mathematical errors in the ledgers if the total debits and total credits balance out. This is known as a balanced trial balance.
How we can correct and rectify errors of trial balance?Errors can affect both the debit and credit sides of the account, and they must be fixed by making a journal entry to adjust both the debit and credit. A mistake can be fixed by undoing the effects of the incorrect debit and credit entry and re-adding the proper debit and credit input.
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Write the Pitt Fitness database in DBDL notation.
Step 1
The lookup table is used to constrain the values in the particular field of another table. It is one or two field table that contains that particular field as a primary key and establish the relationship with the original table. In our case, the Employee table is an original table and the Titles table is the lookup table that would constrain the values.
Step 2
It is understood that the Lookup table contains one or two fields that are used to constrain the values in a particular field of the related table. In order to create the table Titles that would constrain the values in the Title field of the Employee table. This field will act as a primary key in the Titles table and a foreign key in the employee table.
To create the table Titles following steps need to be followed:
(1) In a query design view create a new query and add the Employee table on which we have to create the Titles table.
(2) Add the number of rows in the query grid using the Totals button.
(3) Create the list of unique values for Title fields by selecting the group by options.
(4) Click on the Make Table button to change the query into a make table query.
(5) Enter the table name Titles in the dialog box and click on the run button to create the tables.
Step 3
Hence, the steps are given above to constrain the values in the Title field of the employee table and to create the new table.
What is the Compare and contrast the various business types?
Five common types of business structures
Sole proprietorship.Partnership.Corporation.S corporation.Limited liability company.What are the differences of business types?
Five common types of business structures
Sole proprietorship.Partnership.Corporation.S corporation.Limited liability company.A person who runs an unincorporated business alone is known as a sole proprietor. If you choose to treat a domestic limited liability company (LLC) as a corporation, however, and you are the only member, you are not considered to be a sole owner. A sole proprietorship exists as a kind of business that exist owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone trader ship, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership. A partnership is a group of two or more persons who work together to conduct business or engage in commerce. Each individual provides something—cash, goods, labor, or skills—and shares in the company's gains and losses.A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. Nowadays, the majority of governments permit the establishment of new corporations.To learn more about business types refer to:
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Businesses with a single legal owner are known as sole proprietorships. Partnerships are businesses that have two or more legal owners.
What are the form of business organization compare and contrast?In terms of the number of owners, liability, lifespan, decision-making, and taxation, compare and contrast the three business organization types—sole proprietorship, partnership, and corporation. Businesses with a single legal owner are known as sole proprietorships. Partnerships are businesses that have two or more legal owners.
Sole proprietorships, partnerships, limited liability companies (LLC), and corporations exists the four main types of businesses. Entrepreneurs should carefully consider which kind of business structure is best suited for their enterprise before starting a business.
The fact that co-op and other corporation owners share limited liability is one of the most striking similarities between the two types of corporations.
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What is a market?
A. A system that allows people or companies to buy and sell products and services
B. The number of companies willing to manufacture a specific product
C. The ability to buy production materials in large quantities and save on costs
D. A product's ability to satisfy a consumer
Please select the best answer from the choices provided
ΟΑ
OB
OC
OD
During November Kobe Orr invested $300 in a new pet-sitting business Kobe's Cats.During its first month of operations Kobe's Cats performed services and billed customers $750 paid $150 for advertising and collected $500 from customers.Use the following tabular analysis to determine Kobe's Cats' Cash balance at the end of Novemberimg A)$1050 B)$900 C)$650 D)$350
Using tabular analysis, Kobe's Cats' Cash balance at the end of November is C) $650.
What is a tabular analysis?A tabular analysis is a quantitative analysis that uses a table to determine account balances.
Tabular analyses are also used to show the effects of transactions on the accounting equation and the accounts affected by each transaction.
Tabular analysis comes in handy in place of general ledger accounts in managerial accounting for analyzing accounts by showing data values in columns and rows.
Tabular Analysis:Cash Accounts Common Stock Retained
Receivable Earnings
1. $300 $300
2. $750 $750
3. -150 -150
4. 500 -500
Balance $650 $250 $300 $600
Transaction Analysis:Cash $300 Common Stock $300
Accounts Receivable $750 Service Revenue $750
Advertising Expense $150 Cash $150
Cash $500 Accounts Receivable $500
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Why is it important to test sending an electronic résumé before sending it to an employer?
On July 1, Wiggins Associates enters into a contract to provide consulting services to Pennsylvania University (PU). The contract is anticipated to last four months and is intended to achieve significant cost savings at the university. The contract stipulates that PU will pay Wiggins $27,000 at the end of each month, and, if total cost savings reach a specific target, PU will pay an additional $22,000 to Wiggins at the end of the contract. Wiggins estimates a 70% chance that cost savings will reach the target.
Assume that Wiggins estimates variable consideration as the expected value.
a. The preparation of the journal entry on July 31 to record the first month of revenue under the contract is as follows:
Journal Entry:Debit Contract Receivable $27,000
Credit Contract Revenue $27,000
To record the first month's contract revenue.Debit Cash $27,000
Credit Contract Receivable $27,000
To record the receipt on the contract receivable.b. Assuming total cost savings exceed the target, the preparation of the journal entry on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000) is as follows:
Journal Entry:Debit Cash $22,000
Credit Contract Bonus $22,000
To record the receipt of a contract bonus.c. No Journal Entry is required.
What is a journal entry?A journal entry is a record of a business transaction as they occur on a daily basis.
Transaction Analysis:a. Contract Receivable $27,000 Contract Revenue $27,000
Cash $27,000 Contract Receivable $27,000
b. Cash $22,000 Contract Bonus $22,000
c. No Journal Entry is Required
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Question Completion:a. Prepare the journal entry on July 31 to record the first month of revenue under the contract.
b. Assuming total cost savings exceed the target, prepare the journal entry, if any, on October 31 to record receipt of the $22,000 bonus (ignore the normal October payment of $27,000).
c. Assuming total cost savings do not reach the target, prepare the journal entry, if any, on October 31 to record failure to receive the $22,000 bonus (ignore the normal October payment of $27,000).
Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.) Total payroll for the year $913,590 Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans $23,710
5481.54 is the amount for the FUTA tax before adjustment. As Total payroll for the year $913,590 Payroll to employees in excess of $7,000 $421,930 Employer contributions into employees' 401(k) plans $23,710.
What does a tax adjustment mean?Numerous expenses, payments, donations, fees, etc. may be deducted from a taxpayer's gross income. To calculate the adjusted gross income on Form 1040, the adjustments are deducted from the total income.
Income can be modified to account for expenses like college tuition, student loan interest, alimony payments, or retirement account contributions. Your AGI will never be higher than your gross total income reported on the tax return, though it may occasionally be lower. See Schedule 1 of the 1040 instructions PDF for further information.
Thus, 5481.54 is the amount.
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What is the most direct influence on customer Goodwill
Answer:
D
Explanation:
Because it helps companies expand their customer base.
what is business combination
Answer:
Transaction or other event in which an acquirer (an investor entity) obtain control of one or more business.
Explanation:
if one company purchases another company.
HELP PLS!!!!
Suppose an economy in which the banks keep 20% of the money of depositors and lend the other 80%. If the central bank prints additional notes with total value of $10000, the total amount of mediums of exchange increases in
Answer:
If the reserve ratio is 20% and the banks lend 80%, the total amount of mediums of exchange increases to $50,000.
How does the reserve ratio affect the money supply?A lowered reserve ratio decreases banks' required cash reserves, increasing their ability to extend credit to businesses and consumers.
As banks continue to increase the total currency in circulation through the mechanics of the reserve ratio requirement, the nation's money supply increases and the economy expands.
Required reserve ratio = 20%
Central bank mints = $10,000
Total money supply = $50,000 ($10,000/20%)
Thus, a reserve ratio of 20% increases the money supply from $10,000 to $50,000.
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a situation in which an economic gain by one country results in an economic loss by another is called a
A situation in which an economic gain by one country results in an economic loss by another is called a Zero-sum game.
Absolute advantage is the ability of an individual firm region or country to produce a greater amount of goods or services with the same amount of input per unit of time, or the ability to produce the same amount of goods or services per unit of time than the Ability to produce in volume. More input than competitors. An actor's ability to produce more goods or services than his competitors.
Competitive Advantage An actor's ability to produce goods or services at a lower opportunity cost than its competitors. Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its counterparties. The theory of comparative advantage introduces opportunity cost as an analytical factor in choosing between different production options. Trade profit is the net profit of an economic entity.
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When should you write a functional (skills) résumé?
a.
When you work history does not have obvious gaps.
b.
When you are making a career change.
c.
When your most recent job is similar to the one you are applying to.
d.
When you are applying to a very traditional company.
When changing careers, you should use a functional (skills) résumé. A functional resume is a resume format that emphasizes skills over experience.
What are functional skills on a resume?A functional resume's purpose is to draw attention to transferable skills rather than a chronological overview of your work history. Because of these characteristics, it is sometimes referred to as a skills-based resume. Functional skills are competencies that can be applied in a variety of work settings. Creating a list of functional skills that you have and enjoy using can help you focus on positions that will fit your talents and provide you with more satisfaction. Communication Knowledge and ideas are exchanged, conveyed, and expressed. A functional resume, as opposed to a chronological work history, focuses on your skills and experience.To learn more about functional (skills) résumé, refer to:
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what are the ways of doing inspections?
Planning, Overview Meeting, Preparation, Inspection Meeting, Rework, and Follow-up are the steps in the inspection process. Iterations of the processes of preparation, inspection meeting, and rework are possible. Planning: The moderator organizes the inspection.
What two categories of inspections exist?Inspection before manufacture. Prior to starting production, raw materials should be evaluated during the pre-production stage.
Checking in-line. Additional checks should be made at various production phases.
What three categories of safety checks are there?Checklist for safety inspections. As the name suggests, a checklist is made for routine safety inspection of particular components to make the inspection process easier and avoid forgetting important stages.
A Tour of the safety inspection.
Risk mapping for safety inspections.
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An Internet search for information about franchise businesses will not help you find out
A. start-up costs.
B. the number of hours you'll have to put in.
C. support you'll receive from the parent corporation.
D. the variety of franchise businesses available.
An Internet search for information about franchise businesses will not help you find out support you'll receive from the parent company. The restaurant brand has been franchising for nearly six decades and is still looking for franchisees all over the world.
In exchange for a franchise fee, the owner licenses his or her business's operations, as well as its products, branding, and knowledge. The franchisor is the company that grants franchisees licenses. A range of market environment issues, including unsatisfied consumers, high raw material and supplier costs, an increase in bank interest rates, and an internet industry slump, all lead to business failure.
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Which of the following answer options are ways you can avoid power tool and equipment hazrds in your workplace?
Wear or workplace utilize personal protective equipment (PPE) or apparel that is suitable for the power tool work you are doing, such as gloves, safety boots or shoes, a face shield with safety glasses or goggles, hearing protection, dust masks, or rubber boots.
Employees should take the following general precautions to avoid risks related to the use of workplace power tools: By the rope or hose, never carry a power tool. To remove a cord or hose from a plug, never pull on them. Keep hoses and wires away from sharp edges, heat, and oil. the establishment of a secure workplace. The creation and implementation of safe working procedures.
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Which of these would be counted in the GDP?
Your answer:
O The lumber bought by the lumber yard who then sells it to a furniture manufacturer.
O A tree cut by a woodcutter who sells it to a lumber yard.
O A table made by the manufacturer now sold to a couple in Detroit, Michigan.
O none of the above
A table made by the manufacturer now sold to a couple in Detroit, Michigan would be counted in the GDP.It accounts for all the output produced inside a nation's boundaries
Does GDP count when something is made or sold?
GDP measurement
It accounts for all the output produced inside a nation's boundaries. GDP is made up of products and services generated for market consumption as well as certain nonmarket production, including government-provided defense or educational services.
GDP equals C, G, I, and NX.
C = consumption, or total private consumer spending within an economy, encompassing services, non-durable products (food and clothing), and durable goods (things with a lifespan greater than three years).
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James worked 48 hours last week. His straight time wage is $18 per hour and he earns time-and-a-half for any
hours worked over 40 hours per week. What is James's gross pay for the week?
OA. $1,296.00
OB. $1,152.00
OC. $864.00
OD. $936.00
James's gross pay for the week is $936.
How to find James's gross pay for the week?Given,
working hours of James = 48
Wage/hour = $18
Extra time pay = $27
Normal working hours = 40
Solution:
Total Pay for normal working hour = 40*18 = $720
Total Pay for extra time pay = 8*27 = $216
James's gross pay for the week= Total Pay for normal working hours + Total Pay for extra time pay
= $720+$216 = $936.
James's gross pay for the week is $936.
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What is the difference between coercion and voluntary exchange
Answer:
According to Aquinas, describing an action as voluntary means that it arises from or is consistent with one's inclinations; by contrast, coercion is associated with ideas of violence and the involuntary.
Suppose that the annual interest rate is 4.0 percent in the United States and 2.0 percent in Japan, and that the spot exchange rate is ¥115/$ and the forward exchange rate, with one-year maturity, is ¥110/$. Assume that an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. If an astute trader finds an arbitrage opportunity, what is the arbitrage profit in dollars in one year? Group of answer choices $25,244 $11,000 $26,364 $1,250
$26,364 is the arbitrage profit in dollars in one year. As an arbitrageur can borrow up to $1,000,000 or its equivalent in Japanese yen. Hence, option C is correct.
What is profit?The term "profit" refers to the monetary gain realized when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise.
Profit is the amount of money that remains after all costs, obligations, sources of additional income, and operating costs have been considered. While a company's earnings are referred to by both revenue and profit, a company can generate revenue while yet experiencing a net loss.
Thus, option C is correct.
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I need help!!! offering brain list
The key principle that we would have here about the contract that has been made would be what is called the Offer and acceptance.
What is a contract?This is the term that is sued to refer to the fact that two people have decided to have an agreement that would enable them to carry out business today. For a contract to exist , there would have to be an offer that has been made which would then be accepted by the other person that is involved.
In the case that we have here, we can see that the manager has not yet executed the contract. Executing the contract would be likened to the fact that he has accepted the conditions that the contract would entail. ]
We can therefore say that the contract is not one that has been valid here. But people or parties would have to be in agreement first for it to be valid. Hence the last option is the correct option.
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I need help!!! offering brain list (25 points)
José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started. He decides to make a concise list of steps that he should take in this process. The first step is "Choose and register a business name" Option A
This is further explained below.
What is a business name?Generally, Start by establishing a name ideas list and fusing industry buzzwords. Use a company name generator if that looks complex. Keep your company name simple, professional, and distinctive.
In conclusion, José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started.
He decides to make a concise list of steps that he should take in this process. The first step is "Choose and register a business name" Option A
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José is ready to begin the process of launching his business, but he is feeling overwhelmed by all the steps required to get started. He decides to make a concise list of steps that he should take in this process. What should be the first step on José's list?
(1 point)
O Choose and register a business name
O Create and patent a suitable logo
Secure the appropriate licenses and permits
O Schedule any required inspection
PLEASE HELP
You're thinking $350 is a lot of money for a high school student, and you understand that,
due to inflation, that same jacket would have cost less than $350 in the past. Use the
calculator to determine how much the same jacket, had it been available, would have cost
the year you were born.
Answer: Subtract $350 from the year you were born and theres your answer
Explanation: $350- the year you were born
Jones Company started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,220 and the other, $1,580. Jones sold one of the items during the year.
Required
Based on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use of
FIFO?
LIFO?
Weighted average?
FIFO, LIFO, Weighted average
cost of good sold ....... ...... ...............
ending inventory ........ ........ ....................
spreadsheet form left to right says FIFO, LIFO, Weighted average. up to down cost of good sold , ending inventory. chart needs to be fill with 6 black spots what would the answers be for this question above. where the dots are where the blacks are to fill in the question
I had gotten 1220 1580 1200
1580 1220 1900
would that be the correct answer or did i do something wrong?
1. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using FIFO are:
Cost of goods sold $1,220
Ending inventory $1,580
2. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using LIFO are:
Cost of goods sold $1,580
Ending inventory $1,220
3. Based on this information, the product costs that would be allocated to the cost of goods sold and ending inventory on the year-end financial statements, using the Average Weighted Method are:
Cost of goods sold $1,400
Ending inventory $1,400
What are FIFO, LIFO, and Weighted Average Methods?FIFO means First-in, First-out, based on the assumption that goods sold are the first to be bought.
LIFO means Last-in, First-out. Unlike FIFO, LIFO assumes that goods sold are the last to be bought.
Weighted Average is an inventory costing method that weighs and divides the total cost by the number of units for the review period and allocates the costs to ending inventory and the cost of goods sold, accordingly.
First Purchase of 1 unit = $1,220
Second Purchase of 1 unit = $1,580
Total cost of purchases = $2,800
Average cost = $1,400 ($2,800/2)
Sales = 1 unit
FIFO LIFO Weighted average
Cost of goods sold $1,220 $1,580 $1,400
Ending inventory $1,580 $1,220 $1,400
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Larry and his wife are planning to take a vacation.
Which payment option would you recommend?
Answer: all of the above
Explanation: if you pay with cash, or a debit card you won't have to rack up any debt and pay interest on it -- interest that will only add to the cost of your trip.
A credit card prevents your bank account from being accessed in case of fraud.
No matter what you do, all the options could work best for you in the end.
i believe your options choices was
pay cash for their vacationput the vacation on their credit card but pay the bill in full each monthuse a debit card for their vacationall of the aboveAnswer:
dont take his wfie
Explanation:
Which of the terms below is NOT an element of Ed Schein's model of organizational culture?
a. Alternatives
b. Values
c. Artifacts
d. Assumptions
Alternatives are NOT a component of Ed Schein's corporate culture paradigm. Ed Schein's organizational culture model consists of three fundamental layers.
A scenario or proposition when there is only room for one choice among two or more options. In the event of inclement weather, we have backup plans. a different justification To get around the traffic, we used an alternate [=different] route. A different strategy for treating the illness is being developed by scientists. When something can be used, had, or done in place of something else, it is referred to as an alternative. Roadway blocked. Please take another path. But there is an alternative strategy. A broad definition of culture includes knowledge, beliefs, the arts, laws, customs, capacities, and habits of the people who belong to these groups in addition to the social behavior, structures, and norms that characterize human societies is called culture. A particular region or location is frequently where culture started or is credited.
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2. Are you a Visual, Auditory, or Kinesthetic learner? How will knowing your learning style
help you to succeed in this course?
3. Explain how to develop professionalism and list five characteristics of a true professional.
4. What are Learning Styles? Explain why Learning Styles are important.
5. How has society been changed by technology?
The answers about Learning Styles are descripted below :-
A-2) Humans are usually Visual Learners
When it comes to learning knowledge, different learning styles identify strengths and limitations. Knowing your preferred learning methods will enable you to design study activities that will work best for you. Your preferred method of learning has nothing to do with how you prefer to study.
A-3) How to become more professional includes:
Be successful at work.Establish a professional presence.Be the first to start something.Maintain productive work habits, etc.A-4) A learning style is understood to be the techniques that various pupils frequently employ to study, and this can be done in a variety of ways.
A person's preferred method of learning is essential because it is known to be the best way for that person to be able to absorb, process, grasp, and retain information.A-5) - Among other things, technology has made it easier to travel, establish cities, and cultivate crops, effectively connecting all nations on earth, fostering globalization, and facilitating the expansion of economies and the conduct of business.
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