Answer:
1 $10 bill
1 Dime
1 Nickel
3 Pennies.
Explanation:
Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?
Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
Calculation of January Cash Receipts
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
Who calls you are creepy person when you just ask or their names?! Tell me what you would do if your "friend" did that to you?
i would say what are you talking about
Answer:
If someone accuses you of something you're not, chances are they're what they're accusing you of.
Explanation:
i'd probably laugh and not care
E16-4. On January 1.2013, when its $30 par value common stock was selling for $80 per share, Plato Corp. issued $10,000,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1000 bond to convert the bond into five shares of the coporation's common stock. The debentures were issued for $10,800,000. The present value of the bond payments at the time of issuance was $8,500,000, and the corporation believe the differnece between the present value and the amount paid is attributable to the conversion feature. On January 1, 2014, the corporation's $30 par value common stock was split 2 for 1, and conversion rate for the bonds was adjusted accordingly. On January 1, 2015, when the corporation's $15 par value common stock was selling for $135 per share, holders of 30% of the convertible debentures exercised their conversion options. The corporation uses a straight line method for amortizating any discounts or premiums.Instructions(a) Prepare in general journal form the entry to record the original issuance of the convertible debentures(b) Prepare in general journal form the entry to record the exercise of the conversion option, using the book value method. Show supporting computation in good form.
Answer:
A. Dr Cash Account $10,800,000
Cr To Bonds Payable $10,000,000
Cr To Premium Payable $800,000
B.Dr Bonds Payable account $3,000,000
Dr Premium on bonds payable Debited $2,700,000
Cr To Common Stock $7,500
Cr Additional paid in capital $5,692,500
Explanation:
(a) Preparation of the journal entry to record the original issuance of the convertible debentures
Dr Cash Account $10,800,000
Cr To Bonds Payable $10,000,000
Cr To Premium Payable $800,000
($10,000,000*8/100=$800,000)
(Being issue of share on convertible debenture)
b.Preparation of the journal entry to record the exercise of the conversion option, using the book value method
Dr Bonds Payable account $3,000,000
Dr Premium on bonds payable Debited $2,700,000
Cr To Common Stock $7,500
Cr Additional paid in capital$5,692,500
($3,000,000+$2,700,000-$7,500)
(Being maintain the record of outstanding conversation of debenture)
Calculation for for BONDS CONVERTED
First step is to calculate the amortization for 2013
Amortization for 2013=$10,000,000/20
Amortization for 2013=$500,000
Second step is to calculate the amortization for 2014
Amortization for 2014=$10,000,000/20
Amortization for 2014=$500,000
Third step is to Calculate the premium on bonds payable
Premium on bonds payable=$10,000,000−($500,000+$500,000)
Premium on bonds payable=$9,000,000
Now let calculate the bonds converted
Bonds converted=$9,000,000×30/100
Bonds converted=$2,700,000
Calculation for COMMON STOCK
First step is to calculate the number of bonds
Number of bonds=$10,000,000/1000
Number of bonds=10,000
Second step is to calculate Price for the bond
Price for the bond=10,000×5
Price for the bond=50,000
Third step is to Calculate for Stock Split
Stock Split=50,000/2
Stock Split=25,000
Now let calculate the common stock
Common stock=25,000×30/100
Common stock=7,500
Calculation for BONDS PAYABLE
Bonds Payable=10,000,000×30/100
Bonds Payable=3,000,000
Answer:
my own answer is 7500x30=225000
Each of the following is a reward of entrepreneurship EXCEPT:
A shorter work day
B. bringing ideas to life
C higher earnings potential
D. feeling of accomplishment
Answer:
higher earning potential.
.
.
please like
Theo would like to apply formatting to record data based on values in comparison with values in other fields.
Which option should he use?
Conditional Formatting
Access Rules
Expression Builder
Field Validation Rules
Answer:
A
Explanation:
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Answer: This looks really interesting
Explanation:
At any given time, the group of people age 16 years and older who are willing and able to work is known as
the
A discouraged workers
B. unemployed
C. population
D labor force
Answer:
d. labor force
Explanation:
thanks to the lad in the comments
Answer:
labor force
Explanation:
John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
1. An expenditure for which the government receives no good, service, or resource in return.: An expenditure for which the government receives no good, service, or resource in return. 2. A privately owned organization that produces goods and services and sells them to others.: A privately owned organization that produces goods and services and sells them to others. 3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.: A good or service that can be consumed by many people at once and that other people can't be prevented from using. 4. A legal claim of ownership.: A legal claim of ownership. 5. A market in which resources are exchanged for money.: A market in which resources are exchanged for money. 6. Consists of an individual or a group of people who live together and share income, such as you and your family.: Consists of an individual or a group of people who live together and share income, such as you and your family. 7. Models the interactions between key players in the economy.: Models the interactions between key players in the economy. 8. A market in which goods and services are exchanged for money.: A market in which goods and services are exchanged for money. 9. A rule of conduct passed by federal, state, or local governments.: A rule of conduct passed by federal, state, or local governments. 10. A payment for the use of a resource.: A payment for the use of a resource.
Answer:
1)Transfer payment
2)Firm
3)Public good
4)Property right
5)Factor market
6)Household
7)Circular flow diagram
8)Product market
9)Regulation
10) factor payment
Explanation:
1)An expenditure for which the government receives no good, service, or resource in return.:
(Transfer payment)
. 2. A privately owned organization that produces goods and services and sells them to others.:
( Firm)
3. A good or service that can be consumed by many people at once and that other people can't be prevented from using.:
( public goods)
4. A legal claim of owners
hip.: A legal claim of ownership
(Property right)
5. A market in which resources are exchanged for money.
(Factor market)
6. Consists of an individual or a group of people who live together and share income, such as you and your family.
(Household)
7. Models the interactions between key players in the economy.:
(Circular flow diagram)
. 8. A market in which goods and services are exchanged for money.:
(Product market)
9. A rule of conduct passed by federal, state, or local governments.:
(Regulation)
10. A payment for the use of a resource.:
( Factor payment)
In 2020, Ada lived with her son, Robert, and his wife, Barbara. Ada’s only source of income was a $1,500 fully taxable pension, which she spent on clothes and recreation. Robert and Barbara paid Ada’s medical and drug expenses of $600 for the year. Robert and Barbara’s total food expense for the household was $6,000. The fair rental value of the lodging provided Ada was $1,200 for the year, based on the cost of similar room facilities. What was Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent?
Answer:
$5,300
Explanation:
Calculation to determine Ada’s total support for the year
Medical and drug expenses $600
Add Lodging $1,200
Add household total food expense $2,000
($6,000/3 Ada+Robert+Barbara)
Add Source of income $1,500
Total support $5,300
($600+$1,200+$2,000+$1,500)
Therefore what Ada’s total support for the year for purposes of determining whether Robert and Barbara can claim Ada as a dependent will be is $5,300
Stansbury Company determined its December 31, 2015 inventory to be $1,000,000 based on a physical count priced at cost. Additional information for the company is as follows: Merchandise costing $90,000 was shipped FOB shipping point from a vendor on December 30, 2015. This merchandise was received and recorded on January 5, 2016. Goods costing $120,000 were staged on the shipping dock and excluded from inventory although shipment was not made until January 4, 2016. The goods were billed to the customer FOB shipping point on December 30, 2015. What is Stansbury's ending inventory for its December 31, 2015 balance sheet
Answer:
$1,210,000
Explanation:
Calculation to determine Stansbury's ending inventory for its December 31, 2015 balance sheet
December 31, 2015 inventory to be $1,000,000
Add Merchandise costing $90,000
Add Goods costing $120,000
Ending Inventory $1,210,000
($1,000,000+$90,000+$120,000)
Therefore Stansbury's ending inventory for its December 31, 2015 balance sheet will be $1,210,000
Environmental scanning is conducted only when a new business is opened. True or False?
1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?
Answer:
Explanation:
Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...
is the object speeding up?
can you finish the question please
Which examples demonstrate common education and qualifications for Management and Entrepreneurship careers? Check all that apply.
Horatio is good at following instructions.
Marissa has strong visual design skills for arranging displays.
Letisha has a bachelor’s degree in marketing.
Quentin has many years of experience in public relations.
Devon is able to stand for long periods of time.
Lloyd is skilled at planning and managing budgets.
Answer:
3- Letisha has a bachelor’s degree in marketing.
4-Quentin has many years of experience in public relations.
6-Lloyd is skilled at planning and managing budgets.
Explanation:
The example that shows qualification are
Letisha bachelor’s degree in marketing.Quentin years of experience in PR.Lloyd skills at planning and managing budgets.What are management and enterpreneurship?Management and the entrepreneurship both terms refer to the part of administration of an organization that can be the business, the nonprofit, or even the government body.
Entrepreneurship is a process of discovering the new ways to combine resources. These resources have a greater value than the market.
Find out more information about the qualifications.
brainly.com/question/14584990
How much is the peso mark-up if the selling price is P15 and the purchase cost is P10.00?
Answer:
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.
Explanation:
easy career question for you
Answer b
hope this helps
Factors that have led to dominance of subsistence production despite development in technology in Kenya
Answer:
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Journal Information
This distinguished journal was founded and edited for more than 20 years by the late Harold Marcus, whose energy and dedication to the scholarly study of Ethiopia and its neighbors in the Horn of Africa inspired several generations of students and scholars throughout the world. While Northeast African Studies will bring some changes in focus and format, the editors remain committed to the high standards of research, writing, and production that the original journal championed.
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Subsistence farming means the type of farming practiced in some region where majority of the crops and livestock being raised are used to maintain the farmer and his/her family.
Only the excess produce of Subsistence farming allows for sale or trade in the market.However, the dominance of subsistence production in some region such as Kenya and other part of Africa are caused by the following:
Low income in the family.Unemployment into labor force etc.Learn more about Subsistence production here
brainly.com/question/17207041
Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative
Answer:
pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)
Myra took a 20-year loan for $80,000 at an APR of 11.5% compounded monthly approximately what would be the total cost of her loan if you paid it off 13 years early
just dropped a file plus can you Brainliest me ?
Answer: 140,581.40
For me at least^
Explanation: Good Luck! :)
Sticking to a list will help you save money.
True
False
Match the following.
1 .
probate
a person who has died
2 .
intestacy
directs medical personnel to withhold or withdraw “heroic measures” or life-support
3 .
beneficiaries
a document that states the decedents wishes for the distribution of his/her assets
4 .
decedent
a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so
5 .
will
formal permission from a constituted authority to do a specific thing
6 .
living will
a contract renting land, property to another for a specified period of time and payment
7 .
durable power of attorney
persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.
8 .
lease
the state of having not made a will at death
9 .
license
an instrument for measuring distances traveled by an automobile
10 .
odometer
the official proving of a will as authentic or valid in a court
Answer:
Explanation:
1. Decedent: a person who has died
2. Living will: directs medical personnel to withhold or withdraw “heroic measures” or life-support.
3. Will: a document that states the decedents wishes for the distribution of his/her assets
4. Durable power of attorney: a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so.
5. License: formal permission from a constituted authority to do a specific thing.
6. Lease: a contract renting land, property to another for a specified period of time and payment
7. Beneficiaries: persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.
8. Instetacy: the state of having not made a will at death
9. Odometer: an instrument for measuring distances traveled by an automobile
10. Probate: the official proving of a will as authentic or valid in a court
Determine which of the statements below explain what an accounting system does. (Check all that apply.) Multiple select question. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions. It is a computerized information platform designed to replace formal financial statements. It collects and processes data from transactions and events. It organizes financial information into useful reports. It communicates financial information to decision makers.
Answer:
I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.
II. It collects and processes data from transactions and events.
III. It organizes financial information into useful reports.
IV. It communicates financial information to decision makers.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
The fundamental functions of an accounting system includes;
I. It helps users to be better informed, so they can evaluate the risks and returns of different business decisions.
II. It collects and processes data from transactions and events.
III. It organizes financial information into useful reports.
IV. It communicates financial information to decision makers.
Finance managers tend to be more customer centric than marketers.
True
False
Answer:
True
Explanation:
Answer: I really do believe it’s true.
Explanation:
Just a gut feeling, based off past studies i’ve done that somewhat relate to this.
A nation that has a comparative advantage in producing a good or service compared to
another nation can produce that good or service with a lower
O Efficiency
O Profit
O Resource cost
O Opportunity cost
Answer:
Opportunity cost
Explanation:
A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.
So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.
Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.
Thus, lower opportunity cost is the best alternative.
An employee who works from home is participating in what activity?
Answer:
TELECOMMUTING
Explanation:
functions of the economic commission for Africa.
Answer:
The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.
The ECA's key responsibilities include researching problems of African countries' economic and social growth, fostering African states' economic development, and improving their economic relations with one another and with other countries.
For more information about this topic, you can always check out: https://encyclopedia2.thefreedictionary.com/Economic+Commission+for+Africa#:~:text=The%20main%20functions%20of%20the,another%20and%20with%20other%20countries.
Hope this helps; have a great day!
What are the Fabrication Department's equivalent units of production related to conversion costs for July?
Answer:
94
Explanation:
The computation of the Fabrication Department's equivalent units of production related to conversion costs for July is shown below
Equivalent unit = Unit completed and transferred out + (ending work in process × percent completion)
= 74 + (20 × 100%)
= 94
You have established a new business in your neighbourhood
Explain how you would use power relationships to benefit your business
Answer:As a small-business owner, one of the most effective ways for you to compete ... Then plot them on a zip code map (easily found in most phone books). ... Understanding the importance of your marketing area will also help you ...
If a loss from sale or exchange of property between related parties is disallowed and the property is subsequently sold to an unrelated party: a.The unrelated party may claim the loss previously disallowed. b.The disallowed loss is lost forever. c.The disallowed loss may be used to offset gain on the subsequent sale. d.An amended return may be filed to claim the loss previously disallowed. e.The disallowed loss may be used if there is a further loss on the subsequent sale.
Answer:
The disallowed loss may be used to offset gain on the subsequent sale
Explanation:
A recognized gain or loss is simply refered to as the gains or losses that increase or decrease the gross income of taxpayers.
The Internal Revenue Code (IRC) §267 had laid out rules guiding or relations to the deductions of either losses or expenses between 2 or more related parties.
The related-party loss disallowance rules states that tax laws significantly treat parties involved as though they are the same taxpayer and does not allow recognition of losses on sales to related parties and it may be able to forthrightly deduct the disallowed loss by selling the property to an unrelated third party at a gain and also oonly if the related buyer sells the property at a gain(the related-party buyer sells it for more than she purchased it for).
On the condition that the related-party buyer sells the property for less than her purchase price from the related seller, then disallowed loss expires unused.